Senior Analyst - Corporate Finance - Old Navy - Mexico City, Mexico
Forget what you know about old-school industry rules. When you work at Old Navy, you're choosing a different path. From day one, we've been on a mission to democratize fashion and make shopping fun again. Our teams make style accessible to everyone, creating high-quality, must-have fashion essentials for the whole family, with love, season after season.
We opened our first store in 1994 in San Francisco and have been on a roll ever since. Today, customers can find fabulous fashion at affordable prices online and in one of our 1,000+ stores globally.Old Navy celebrates a workplace that's just as diverse as our customers. Fun, fashion, family and value are at the heart of everything we do. We cultivate a community of playful personalities that thrive in a fast-paced environment where our employees can be their most authentic selves. Here, we're family.
Old Navy - a brand for everyone a place for you!
General Summary The Senior Analyst is a key member of Old Navy Mexico Finance team reporting to the Senior Manager of Corporate Finance & FP&A Old Navy Mexico (ONMX).This role is integral to provide local cross functional corporate finance knowledge to ensure ongoing compliance and tactical execution of tax and control related finance accountabilities.The Senior Analyst will partner closely with business partners in the Old Navy Brand Finance teams, US Corporate Teams, and the US Corporate Shared Service Center (CSSC) Teams to achieve forecast, close to report, treasury, and tax deliverables.A solid and applied understanding of International, Mexican and US accounting and tax practices is required to ensure compliance with established US policies and local requirements. The Senior Analyst will be the primary point of contact and conduit for the US teams to local tax advisors and partnering with the Senior Manager and Senior Director of ONMX Finance to offer local tax knowledge and align on practical business practices/solutions to local challenges and/or opportunities.
ESSENTIAL DUTIES & RESPONSIBILITIES:
The Senior Analyst is responsible for providing local accounting and business practice knowledge to assess impacts from new local requirements while adhering to existing corporate finance practices and standards in accordance with local culture and regulations.
- Partner with the Senior Manager and CSSC functional teams to execute ongoing needs of corporate finance operational processes related to control, shared services, income, value-added and other tax, treasury, and compliance;
- Partners with Senior Manager to ensure Mexico and US Finance teams are informed of regulatory and compliance reporting requirements and pending changes while ensuring t imely and accurate compliance activities;
- Keeps abreast of changing accounting policies/guidance/Mexican Regulations.Partners with Mexico Finance Leadership to ensure accounting treatment is in line with US policies and local GAAP divergences are identified, documented, approved, and communicated.Partners with Senior Manager to ensure appropriate communication to impacted finance and business teams;
- Partners with the Senior Manager and CSSC functional teams to ensure the timely and accurate financial statement preparation and close processes relating to Mexico retail and related entities and ensure the financial statements represent the Mexico businesses in accordance with generally accepted accounting principles (GAAP), Gap Inc. policies;
- Support statutory reporting, tax, import compliance, legal teams to satisfy external audit requirements and/or SAT filings ongoing, on a quarterly basis, and at the year-end;
- Partner with Senior Manager, AP and Treasury to ensure that teams are aware of cash needs and obligations are met in a timely fashion across all Mexican Legal Entities and cash settlements back to US Legal Entities;
- Partner with ONMX Finance leadership to ensure brand finance and local FP&A teams' forecast and strategic roadmaps are informed with local accounting practices and regulations;
- Partner with ONMX Finance leadership to ensure local business practices and brand operations are informed with local accounting practices and regulations;
- Effective communication and coordination with Gap Inc. corporate and related groups to support cross functional implementation of business plans;
- Provide a consistent and stable voice of good judgment to ensure Gap Inc. is following all appropriate local rules and regulations regarding business conduct.
IMPACT & SCOPE:
Partner with Senior Manager and Senior Director Corporate Finance ONMX, corporate, brand, external partners to ensure that ONMX operations are managed in accordance with standard Gap Inc. accounting processes and local deviations are vetted, understood by key stakeholders, and adopted.This role must be able to identify key issues, proactively seek information, and partner with leadership to recommend course of action.
This role will work with various internal and external business partners to execute ongoing needs of corporate finance operational processes related to control, shared services, income, value-added and other tax, treasury, and compliance.Key business partners include the Brand finance teams, US Corporate Control Group, Treasury, Tax, Legal, Import Compliance, US Corporate Shared Service teams, and the local ONMX leadership and operational teams.
- Uses cross functional effective communication to partner with cross functional teams to ensure compliance with established policies and procedures and support the change management as necessary as changes are introduced by Mexican Authorities with regard to finance operations in Mexico;
- Leverage local knowledge and business acumen to explain complex local requirements in an understandable and simplistic manner for US partners and non-financial business in Mexico and the US;
- Leverage other internal teams and external parties (i.e. peer corporations, related industry associations) to identify and present recommendations to Finance leadership;
- General knowledge of the Mexican apparel/retail/brand market, corporate financial processes, Corporate Shared Service Centers, and more in-depth knowledge of local Mexican governmental & tax requirements.
- General knowledge of how ON competitors or other industries are approaching local finance/tax/customs requirements.
- Independent thinker, collaborative, developing leadership qualities;
- Ability to develop relationships within a global organization. and with external service firms and advisors;
- Strong since of accountability and exceptional problem solving and analytical skills with proven ability to inform executable plans;
- Demonstrated ability to think globally and strategically, turn information into effective alternatives to support leadership strategies and decision support;
- Accustomed to and effective in multiple cultures, working remotely from key stakeholders, and work in ambiguous environments;
- Fluency in Spanish and English;.
MINIMUM EDUCATIONAL LEVEL:
Undergraduate degree in accounting or equivalent required; CPA or equivalent a plus.
3-5 years of Mexican tax, accounting and finance experience, experience with a multinational preferably a US corporation a plus.
Occasional travel within Mexico and to the U.S. (Albuquerque and San Francisco) will be necessary.
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