Group Financial Accountant Job in SW1

Group Financial Accountant Job in SW1. Apply for the latest SW1 jobs in Accounting/Financial/Insurance.

Group Financial Accountant Job in SW1

Job Description
Job Description 
ROLE PROFILE*
Group Financial Accountant  
Group accounting and Legal entities management (policies, technical accounting, central entities)
Group management reporting and FP&A (management and lender reporting)
External reporting (consolidation, IFRS primary statement and consolidated annual accounts)   This role within Group accounting team will support various finance teams in following ways:
Technical accounting – accounting position papers and technical accounting research / projects
Accounting policies – continuous development and improvement of policies and support finance teams with application
Group accounts – help with preparing certain sections of Group consolidated accounts   This role would suit a person who is looking forward to understanding and tackling technical accounting questions and challenges, but would enjoy working and liaising with other finance teams (both UK and international) and different areas of the business (e.g., IT, operations). This role is predominantly project based, so brings a breadth of variety distinct from more ‘BAU’ focused roles so experience with project management is important.   This is a great chance to take a front seat in and participate in development of a large global corporation as grows in maturity.   Insurance broking companies / underwriting agencies, working experience within Insurance sector is not a requirement. Experience with accounting for professional services companies would be helpful.  
Key responsibilities   1. Technical accounting (position papers and advice): 
Preparing accounting papers for specific / significant transactions e.g.
Business combinations / reorganisations – a highly acquisitive group where there can typically be several acquisitions each quarter
Intangible assets capitalisation
Impairment of assets assessments (mainly Goodwill and Intangible assets but also investments in subsidiaries)
Financing transactions etc.
Assist in IFRS 16 quarterly reporting on leases for the whole Group and providing guidance to local ad divisional finance teams on local application and Group reporting
Assessing accounting queries for compliance with accounting policies
Identifying inconsistencies and exploring opportunities to simplify or improve speed and/or quality of delivery of various financial accounting processes
Assisting in preparing initial journals for new, significant, unusual and/or complex transactions
Support subsidiaries with IFRS related queries (this can often provide exposure to members of the senior management team such as CFOs)   2. Accounting policies:  
Update existing policies and assist in development of new ones (as required)
Assisting in preparing technical accounting advice on topics not covered by accounting policies to be relied upon by various stakeholders (subsidiaries, divisional finance teams) and tracking a list of topics that should be added to policies
Maintaining Group chart of accounts and liaising with External reporting when new accounts are required (consider impacts to issued accounting policies)
Assist in the maintenance and improvement of financial controls, including relationship with internal and external audit
Collate topics for accounting updates from Group / Divisional / Local finance teams
In initial stages, the person is expected to participate in month end process to gain good working understanding of different finance systems and interaction between them   3. Group accounts: 
Assist in preparing sections of Statutory consolidated accounts e.g. disclosures of one off transactions, M&A activities, leases
Supporting external and internal audit processes
Establishing a good working relationship with divisional finance teams (e.g. finance controllers) group tax, legal, corporate finance and treasury teams
Support group wide change initiatives (e.g. potential implementation of new IFRS 16 software)   Key accountabilities (what you are measured on)
Timeliness of accounting papers preparation (project management is essential)
Annual update of accounting policies
Year-end audit process and related deliverables
Suggest and implement improvements / simplifications to processes and documentation to make them easier to understand
Development of collaboration within and between various teams (finance / tax / legal)
Effective delivery of ad hoc projects and responsibilities   Key competencies (knowledge and experience)
Good working knowledge of IFRS and UK GAAP
Understanding of UK law related to accounting and statutory reporting
Ability to discuss and explain accounting concepts to non-accountants
Understanding of consolidation accounting (including business combinations, non-controlling interest)
Good understanding accounting topics and direct exposure in some of the following areas: Acquisition accounting, Leases, Intangibles assets – accounting for internally developed assets / implementation costs, Share based payments, Insurance accounting (some exposure to this area would be beneficial)
Some experience in working with General ledger and consolidation systems would be beneficial
Previous exposure to and involvement in preparing or auditing of Group accounts would be beneficial
Strong project management and good communication skills   Professional qualifications   ACA / ACCA or equivalent (2-4 years’ PQE) University 2:1 or equivalent Additional Job Details   Worker Type: Permanent   Total Remuneration: GBP70000

Job Type: Permanent, Full Time
Location: SW1
Category: Accounting/Financial/Insurance
City: Latchmere
County: Greater London
Country: United Kingdom
Salary: £70000 – £75000/annum
Benefits: