Full details of the job.
Vacancy Name
Vacancy No VN1004
Employment Type
Permanent
Location
Manchester, United Kingdom
Company Description
Xeinadin was established in 2019 when more than 100 successful, independent, business advisory and accountancy practices across the UK and Ireland came together to re-imagine the future of accountancy. Our collective mission is to provide locally forged, trusted business advice to SMEs through forward-thinking, close-knit relationships. It is our people who help drive our business forward, and we offer them future-focused career opportunities whilst supporting individual specialisms.
Description
As a Group M&A Accountant, you will play a key role in the Group’s financial reporting and consolidation processes, ensuring compliance with accounting standards and supporting the wider finance function with analysis, reporting, and process improvements.
Key Responsibilities
1. Support M&A team with financial due diligence pre-acquisition.
2. Carry out internal audit procedures and liaise with Sellers to provide sign off on completion accounts (FRS102) and apportionment statements prepared by Seller. Disputes to be promptly and sensitively resolved with support from the M&A team as needed.
3. Complete IFRS adoption process with acquirees – identify and calculate adjustments, reconcile pre-acquisition reserves, oversee transitional adjustments in financial statements.
4. Frequent analysis of accounting standards and application in an acquiree e.g. IFRS15 revenue on contracts, IFRS16 leases, IFRS9 ECL, Holiday pay.
5. Analysis of key components of SPA and APA, scheduling key events and monitoring timelines and delivery against contractual deadlines.
6. Prepare acquisition accounting entries for Acquirer to include valuation of consideration, recognition of deferred payments or changes to investment cost and intangibles.
7. Monthly, prepare journals for goodwill, investments, deferred consideration, long term loans and intangibles on acquirer(s) and group balance sheet.
8. Review and support for preparation of budgets by M&A targets.
9. Support on identification and assessment of synergies in new M&A targets.
10. Key finance contact for Sellers in the post-acquisition phase to cover introductions, financial accounting and tax compliance.
11. Key contact with external advisors on purchase price accounting – preparation and/or review of deliverables and sign off on outputs.
12. Track progress through M&A workflow to ensure timely progress.
13. Preparation of financial statements for M&A targets in first year post acquisition in CCH – to include first time adoption of IFRS (IFRS1).
14. Support preparation of first tax computation as part of large group – to include gathering data, review, liaison with internal tax teams on tax impacts of IFRS adoption.
15. Support with group tax objectives e.g. balance sheet reconciliations, allocation of group relief, group-wide review and analysis, updating reports.
16. Report writing to facilitate knowledge sharing across the wider finance team and M&A.
17. Develop internal policies for acquisition accounting and other finance procedures.
18. Regular point of contact for Hub FC, FP&A team, group finance and M&A teams.
19. Other financial control projects as defined by group finance management team.
Key Requirements
1. Professional accounting qualification (ACA/ACCA/CA) and experience of audit.
2. Strong financial and statutory accounting experience, including dealing with consolidations and acquisition accounting.
Additional Requirements
1. Up-to-date knowledge of accounting standards (IFRS and UK GAAP: FRS102) is essential, including experience in applying new/updated standards - business combinations, fair value, leases, revenue, provisions and statement of principles.
2. Excellent communication skills required in dealing with both internal and external stakeholders – confidence handling complex technical issues and topics of confidential and/or sensitive nature.
3. Extensive prior experience of review and analysis of financial and legal information e.g., financial and management accounts, budgets, sale and purchase agreements, leases, tax computations and due diligence.
4. Outstanding attention to detail and ability to absorb high volume of financial and legal information.
5. Experience in Professional Services is an advantage.
6. Strong MS Office skills (especially Excel).
Model
Hybrid
Salary
Competitive
Benefits
* Company Pension Scheme
* 25 days of annual leave + bank holidays
* Additional annual leave days from certain levels of seniority
* Ability to buy up to 5 days of annual leave to reach a maximum of 30 days per annum
* Business closure over Christmas*
* Life Assurance x4 annual salary
* Enhanced family leave policies
* Enhanced Company Sick Pay
* Employee Assistance Programme – 24/7 support, free and confidential
* Corporate Discounts Platform
Flexible Benefits platform with ability to opt-in to various insurances (level of seniority dependent & self-funded at corporate rates) such as:
* Critical Illness Cover
* Cash plan
* Cycle to work
* Eye care
* Dental
*subject to exceptions and business needs
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