Senior Group Accountant
location: London
practice area: accountancy-and-finance
job type: permanent
salary: £75,000 - £85,000 per annum
сonsultant: Steve Maynard
date posted: 07/10/2024
Senior Group Accountant
- Manufacturing
- PE backed
- London (hybrid working)
- Permanent
Altum Consulting are working exclusively with a PE backed manufacturing business with a global presence to build out their group finance function. The business was acquired as part of a "buy & build" strategy and is already a market-leader within its space and operates across 20 countries. As part of the build out, the need to hire an experienced finance professional with experience in group level consolidation and multi-currency to join as Senior Group Accountant.
Responsibilities,
- Drive continuous process improvement in all areas of consolidated financial reporting, with a focus on efficiency and automation.
- Review results submitted by the Group\'s subsidiaries and work with the region and entity financial controllers / managers and the shared service centre to understand, correct and explain irregularities to ensure integrity and accuracy.
- Review intra group balances and transactions to ensure they eliminate on consolidation
- Prepare and load consolidation journals and eliminations that are not automatically done by the consolidation system
- Prepare schedules and disclosure notes for the Group\'s quarterly and annual financial statements under IFRS.
- Prepare internal financial reports and reporting to private equity owners and bond holders.
- Help develop the in-house reporting team\'s capabilities to ensure successful quarterly and annual investors\' reporting and external audits for the Group.
- Escalate accounting issues internally on a timely basis to ensure that they are cleared ahead of the quarterly reporting and year-end reporting dates.
- Perform variance analysis and provide commentaries for senior management and for audit analytical reviews.
- Support transitioning the Group\'s reporting processes into the new consolidation system.
- Assist in the preparation of working papers for the external auditors.
- Contribute to the development of the Group\'s policies.
- Provide financial ad hoc analyses for Senior Management and take part in projects as required.
Requirements,
- Must hold ACA, ACCA or equivalent qualification gained in a Big 4 or mid-tier accountancy firm, with over two years of post-qualification experience.
- Experience in a group finance environment, specifically in group consolidations within a multicurrency context for large international UK-based groups.
- Experience in preparing group consolidated statutory accounts, individual entity accounts and disclosure notes.
- Familiarity with SAP BFC (Magnitude), Oracle FCC or similar consolidation packages.
- Strong understanding of IFRS, including providing accounting solutions to complex issues.
- Experience working closely with external Big 4 auditors for interim and annual audits.
- Experience in pensions, group eliminations, IFRS16, hyperinflation, impairment testing and treasury-related accounting.
- Proficiency in MS Office applications with at least intermediate Excel skills.
- Capable of driving process improvements and providing solutions.
- Strong attention to detail and analytical mindset.
- Excellent written and verbal English communication skills, able to engage with a range of stakeholders.
- Used to working to tight deadlines, prioritising multiple tasks.
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