Inventory & Leases Accountant

About Us
Ocado Group is a global technology leader reinventing retail through AI and Robotic Engineering. While our
technology powers the world’s most advanced fulfilment centres, our people drive our international growth.
We are now launching a new Global Shared Service Centre in Sofia. This hub is the strategic heart of our
international finance and people operations, and we are looking for leaders to contribute to building the global
team from the ground up.

The Opportunity
As an Inventory & Leases Accountant, you will serve as a strategic contributor within our team, driving the
Finance Operations engine to deliver world-class month-end results. We are looking for a visionary who sees
beyond the ledger—someone eager to hunt down process improvements, champion continuous innovation,
and take pride in mentoring a high-performing team toward their full potential. The role offers a unique
opportunity to gain broad exposure and make a meaningful impact across key financial operations

Requirements

Accounting, Reporting and Analysis
Inventory
● Analysis of Ocado’s total spares stock, gaining assurance of existence and valuation
● Create IC recharges when spares are moved between sites
● Analysis and review of spare prices maintained in Oracle Fusion
● Analysis of Central Spares storage costs and allocating those costs to the relevant CFCs
● Process general ledger journal entries
● Balance sheet reconciliations
● Project journal creation and processing
● Analysis of system generated Inventory receipt accruals
● Process International Project costs and insure the costs are recorded in the correct ledger by creating
IC recharges
Leases
● The end-to-end Lease Accounting (IFRS 16), ensuring the lease accounting system is up to date
● Record IFRS 16-related lessor and lessee accounting entries in an accurate and timely manner and
managing the lease liability control account
● Variance analysis to Budget, understanding trends and building a Risk & Opps view of Depreciation
and Interest charges
● Prepare lease assets and liability notes and owned asset notes to the accounts
● Lease cashflow reporting of actuals and variances
● Prepare BS and P&L reconciliations to a high standard with key movements analysed, explained and
reconciled
● Comply with group accounting policy and practices
● Work according to general ledger close / period end close calendar timelines
Statutory and compliance activities
● Support the Half Year and Year End audit process (incl. providing inventory and lease-related
disclosures), ensuring that audit deliverables are met, queries are dealt with swiftly and appropriately
● Provide commentary on management account lines

Control environment and continuous improvement
● Embed a culture of controls within the team, responsible for operating effectiveness of all key
controls within the team’s processes and remediation of any control weaknesses
● Support the global process owner by continuously driving process efficiency, effectiveness and
compliance

Essential Criteria
● Financial qualification Bachelor’s and/or Master’s degree in Accounting, Finance or other
relevant field
● Knowledge of inventory accounting principles under IAS 2
● Understanding of lease principles under IFRS 16
● Experience in a fast-paced global environment
● Ability to complete work to a high standard whilst identifying opportunities for further
improvement
● Ability to set and achieve stretch goals prioritise tasks and work closely with colleagues
● Proactive and independent to identify the root cause of issues and understand end-to-end
processes and data flows in order to effect change
● Strong attention to detail; able to provide accurate and timely data/reporting
● Ability to build trusted relationships

Why you should join us
Sofia is the cornerstone of our global operations. You will work in a fast-paced environment where your work
directly impacts the stability and growth of our international teams. This role offers high visibility across the
entire finance function. You will collaborate closely with Group Finance on technical reporting, provide critical
support to Commercial Finance Partners, and maintain a broad network of internal stakeholders—including
FP&A, Tax, Treasury, Accounts Payable, Accounts Receivable etc. to drive operational excellence.

What We Offer You:
● Hybrid office attendance policy that sees you onsite 60% of your time
● 30 days of “Work from anywhere” program
● 25 days of annual leave
● 150 EUR monthly allowance for wellbeing or flexible expenses
● Enhanced maternity and paternity leave policy
● Medical plan including health & dental coverage
● Life and disability insurance

Employee assistance program
Equal Opportunities Ocado Group is an equal opportunities employer and as such makes every effort to
ensure that all potential employees are treated fairly and equally, regardless of their sex, sexual orientation,
marital status, race, colour, nationality, ethnic or national origin, religion or belief, age, or disability or union
membership status.