Job Overview
The main purpose of the role is providing technical accounting support across the Group, supporting the internal and external reporting processes, supporting preparation of the Group's subsidiary statutory financial statements and maintenance of the Group's accounting policy manual. The Technical Accounting Manager is a member of the Group Financial Controller's Team, which forms part of Group Finance, and will report to the Senior External Reporting Manager. Across functions, the Group Finance team is responsible for the Group's internal & external reporting, Tax compliance, Treasury management, and the maintenance of the Group's accounting policies & financial internal control environment.
Main Duties
* Provide technical accounting support across the Group and enforcing Group accounting policies within divisions.
* A critical part of this role will be to oversee Group compliance with IFRS 15. This will entail:
o Working with the divisions to assess implications of major new contracts and contract modifications;
o Carrying out contracts reviews to assess IFRS 15 implications and document key judgements taken in assessment templates for review by external auditors;
o Performing reviews of the revenue recognition treatment for over-time revenue relating to long-term projects;
o Performing ad-hoc ‘deep-dives' on certain elements of revenue recognition;
o Identifying improvements to the revenue recognition internal control framework.
* Maintenance and regular updates of the Group's accounting policies for new guidance.
* Research technical accounting issues and document conclusions in accounting papers which consider the Group's operations.
* Ownership of the Group's review of onerous contract assessments to ensure compliance with IAS 37.
* Monitoring the Group's ‘Other items' process to ensure compliance with Group policies and considering the latest external guidance on the matter.
* Calculating and monitoring the Parent Company's distributable reserves positions.
* Provide subject matter expertise on other technical accounting areas including lease accounting, share-based payments, financial instruments, acquisitions and disposal accounting, and pensions accounting.
* Proactively review guidance published by the FRC and consider the impact on the Group's consolidated finance statements.
* Deliver regular training to the business on the Group's accounting policies.
* Support the wider Group Finance team in:
o Preparation of financial statement sections for the Annual and Interim reports;
o Drafting Audit Committee and Board papers;
o Working closely with Investor relations to ensure factual accuracy of external publications.
* Support in performing reviews of the subsidiary statutory financial statements.
* Liaising with Group advisers (e.g. on technical accounting issues) and external auditors.
What we are looking for
* A qualified chartered accountant (e.g. ACA, ACAS) with at least 4 years PQE.
* Trained with ‘Big 4' accountancy firm with experience of accounting advisory.
* Strong technical accounting skills, including:
o Advanced working knowledge of IFRS (particularly IFRS 15);
o Experience in applying technical accounting standards in a group consolidation context and also in subsidiary financial statements.
* Strong interpersonal skills and the ability to communicate effectively with Finance and non-Finance teams.
* Ability to summarise complex issues in a distilled format whilst considering practical impact on the business.
* A self-motivated individual who can deliver high quality work to tight reporting deadlines and demonstrate initiative in solving problems.
* Ability to work collaboratively as part of a high-performing team.
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