Job title: Group Financial Accountant
Reporting to: Group Financial Controller
Location: Bury St. Edmunds, Suffolk (Hybrid working opportunities available)
Hours: 37.5 hours per week
The Opportunity
The Group Financial Accountant role is responsible for financial reporting and compliance, half year and year end reporting, audit, and preparation of the Group Annual Report and Accounts. The role will work closely with the Financial Controller supporting with other matters such as treasury and foreign exchange management, Group external reporting and compliance matters.
The Group finance function sits alongside the newly established Treatt Europe and Treatt North America finance teams, and consists of Group Management Accountant and Group Financial Accountant (both reporting to Group Financial Controller), Accounts Payable, Accounts Receivable, Group Financial Controller and Group Finance and IT Director.
What It’s Like To Work Here
We’ve been making the world taste better since 1886 and sell over 3000 products in more than 90 countries, but we’re only just getting started. We’re on an exciting journey and have ambitious plans to become the indispensable partner of choice for the world’s leading flavour and fragrance houses, beverage and consumer brands. You can find out more about our exciting organisation here: TREATT | About Treatt the trusted global ingredients manufacturer.
On joining Treatt, you’ll become one of over 400 international experts, working together to collectively surprise and delight our customers. Nothing is more important to us than the happiness of our people as without them, we’d never succeed.
What You’ll Be Doing
The key duties and tasks include, but are not limited to, the following:
Financial Accounting and Reporting
* Responsible for individual entity and Group UK statutory reporting.
* Prepare the Group and financial statements for the annual report.
* Preparation of half year and full year group consolidation schedules and related notes to the accounts.
* Assisting the wider business, sales, company secretarial, marketing and sustainability teams with the overall production of the Treatt plc annual report and accounts.
* Act as a key point of contact for external auditors throughout the year-end process.
Technical Accounting
* Be confident with IFRS accounting standards, and requirements of current UK GAAP.
* Prepare position papers for audit purposes, summarising our approach to judgmental or material areas of accounting.
* Assist with share-based payments and other complex accounting areas.
Treasury
* Management of banking facilities in UK and US, being a contact for the banks for day-to-day financing requirements and queries.
* Reviewing cash balances on a weekly basis and ensuring these are optimised as far as practicable.
* Responsible for day-to-day group treasury, advising on borrowing and currency requirements and strategy to optimise cost savings and interest minimisation.
* Covenant and banking compliance issues in UK and US.
* Work on refinancing and improving the current borrowing structure of the Group in line with the new European and North American delivery model.
* Monitoring of FX hedging strategy and overseeing the Group’s FX policy.
* Preparing FX contract recommendations and carrying out trades.
* Ensure delivery of market expectation net cash or debt commitments for Treatt plc.
Tax
* Preparation of Treatt’s UK and US corporation taxation schedules as required for timely production of tax returns.
* Liaise with UK and US tax advisers regarding annual tax provisioning process, ensure timely provision of information and processing in the Group accounts.
* Ensure tax payments on account are made within the required timeframes in both UK and the US, and any other jurisdictions as needed.
* Ensure tax accounts with HMRC, IRS and a number of States agree to financial records and reconcile on a month basis.
* Monitor our overseas and United States’ taxable presences, advise on new/potential international or state corporation or sales tax filing requirements that may arise from our business strategy.
* Advise on and manage any project seeking additional tax reliefs, such as R&D credits.
Inventory Management
* Group oversight of inventory, and inventory controls across UK and US subsidiaries.
* Assist with the management of Groupwide inventory initiatives, oversight of inventory provisioning and risk management.
Internal Controls
* Assist with documentation of and implementation of controls across the Group.
What We’re Looking For
* ACA qualified, with 2 years post qualification experience.
* Listed company and similar sector experience is desirable.
* Practical knowledge of IFRS and UK GAAP.
* Advanced excel skills.
* Experience of using financial accounting systems and business ERP systems.
What We’ll Do For You
We offer an excellent package which includes a competitive salary; a generous holiday entitlement as well as the opportunity to purchase additional holiday, we also offer a discretionary annual bonus, BUPA medical and dental schemes, pension scheme with 9% employer contribution, life assurance, group income protection, SAYE schemes and free shares.
With the encouragement and development you need, we help you to become your ultimate you. Beyond building a successful career, we also support the wishes and ambitions of our staff outside of the office in achieving a health work/life balance - the wellbeing of our staff is paramount to us, which we actively promote and support by regularly delivering a variety of wellbeing initiatives and offering responsibility-based flexibility. There will also be opportunities to be actively involved in community and charity projects and to take part in numerous subsidized social events.
Polite Notice
We politely request that we are not contacted by any recruitment agencies. We have a preferred supplier list and high volumes of speculative calls from agencies negatively impact upon the efficiency of our business. Please help us to maintain the highest levels of customer service by respecting our wishes. #J-18808-Ljbffr