A leading organization is in the process of acquiring the trade and assets of a key supplier (referred to as “supplier” in the job description).A new company (referred to as “Newco” in the job description) will be established for this purpose.
Job Description:
The role involves working within the Finance Transformation organization to support the UK Finance team in defining and implementing processes and tools for Newco—both for Day 1 acquisition and its ongoing operations.
The job holder will collaborate closely with the UK Accounting & Controlling team, the supplier's Finance Team, Central Finance Transformation teams, and IT teams.
Key Responsibilities:
* Define the accounting requirements necessary for operating the new entity within established finance systems, including:
o General Ledger accounting
o Fixed Asset Accounting
o Customer invoicing and receivable management (Accounts Receivable)
o Bank Accounting
* Develop finance data flow processes from the supplier's systems (e.g., monthly balance and detailed costs) into the finance systems, including reconciliation requirements.
* Define the requirements and models for controlling and consolidation reporting.
* Organize and document system tests.
* Establish and document the finance data migration strategy, including opening balances.
* Execute and document the migration for Day 1 readiness.
* Post-Day 1 implementation, support daily operations and month-end closing processes to ensure timely and high-quality financial statements.This includes successful data submission to local controlling and group finance (consolidation).
* Contribute to the definition of the target finance systems and processes for Newco post-Day 1.
Skills and Requirements:
* Strong understanding of finance and accounting functions, including the people, processes, and technologies supporting them.
* Solid background in accounting.
* In-depth knowledge of finance business processes, particularly Procure-to-Pay (P2P) and Order-to-Cash (O2C).
* Experience in project management.
* Familiarity with SAP Finance (user-level proficiency at a minimum).
* Strong analytical skills.
* Flexibility and the ability to work effectively in dynamic and evolving environments.
* Excellent negotiation and stakeholder management skills.
* Curiosity, open-mindedness, and a drive to promote innovative ideas and new ways of working.
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