12 month contract as Group Financial Reporting Accountant, supporting the Financial Reporting Team in delivering against monthly, quarterly & annual financial reporting requirements.
Leading the consolidation process in SAP/S4 HANA, which includes the preparation of monthly consolidations & quarterly group reporting packs for submission, maintaining & administering the consolidation system within SAP, & preparation and review of consolidation schedules.
This 12 month contract role will involve leading our consolidation process in the SAP/S4 HANA Group Reporting Module, which includes the preparation of monthly consolidations and quarterly group reporting packs for submission to our Group Team. The role is also responsible for maintaining and administering the consolidation system within SAP, and preparation and review of consolidation schedules to ensure timely reporting.
You will be working with the internal and external auditors on our year-round audit programmes (interim's and year-end) to achieve timely preparation, review and filing of statutory accounts (IFRS, FRS101 and FRS102), and reporting to other key stakeholders. In addition, there will be an opportunity in the short-term to take on ownership of specific technical accounting areas, namely IAS 16 fixed asset accounting in relation to development costs across our data centres, which represents a significant proportion of total expenditure by the group, the largest balance sheet caption and IFRS 16 lease accounting.
Duties and Responsibilities
- Monthly / Quarterly / Annual Consolidation (IFRS10) reporting Requirements
o Consolidation for a group of approximately 30 companies across the UK and EMEA at several consolidation levels within SAP's Group Reporting (GR) Module (IFRS) and using Oracle's FCCS for upward reporting within the wider Group
o Performing top-side Group Level Adjustments on consolidation
o Reconciling data between isolated systems to ensure completeness and accuracy of information reported
o Maintenance and review of consolidation schedules and records
o Preparation of quarterly group reporting pack
o Preparation of monthly/quarterly KPI reporting
o Preparation of specific quarterly schedules for internal and external auditors.
o Maintaining lease liabilities (IFRS16), right-of-use (ROU) assets and asset retirement obligations held in the SAP IFRS16 RE-FX module
o Monthly posting of lease interest and ROU depreciation through the RE-FX module
o Lease modification and re-estimation accounting from time to time
o Business partnering with the commercial team on contractual rental reviews
o ROU asset reconciliation roll-forward schedules for quarterly reporting and annual statutory financial statements.
Fixed Assets Reporting (IAS16)
o Business partnering with cost managers and liaising with the Management Accounting team about existing and ongoing development sites
o Monitoring assets under construction (AUC) capitalisation including identifying IAS16 capitalisation criteria and maintaining evidence for capitalisation's
o AUC transfer to PPE, PPE categorisation transfers, and disposal accounting
o Maintaining sanitised AUC listings within SAP FAR
o Running monthly depreciation
o PPE reconciliations and roll-forward schedules for quarterly reporting and annual statutory financial statements
- Preparation, review and filing of statutory accounts (IFRS, FRS101 and FRS102) and liaising with internal and external auditors
- Borrowing cost capitalisation IAS23 - including lease liability expense and interest on bank borrowings
- Project-based work business partnering within the wider organisation
- Implement best practices to enhance efficiency and accuracy in financial reporting processes
- Continuously identify opportunities for improvements to processes and controls related to financial reporting
- In due course this will require assisting the business in preparation for compliance with a full SOX controls environment
Key criteria for this role are:
- Chartered accountant with ACA or ACCA qualification.
- Specific and detailed knowledge of applying IFRS10, IAS16 and IFRS16 arising from previous experience in a top-four firm or similar and/or the Finance team of a multinational business.
- Similar practical experience in applying consolidation principles for medium to large international groups of companies within a complex, multi-system ERP setting.
- Familiarity with day-to-day usage of SAP including hands-on experience - ideally a recent deployment of S/4 HANA employing the fixed asset module and RE-FX (lease) module.
Desirables for the role:
- Previous experience in Finance teams within the data centre industry or other services industries within the telecommunications, technology or infrastructure sectors.
- Awareness of practical implications of SOX reporting on consolidation accounting processes, leases and fixed assets within the control environment.
- SAP experience using the Group Reporting (GR) Consolidation module.
- Knowledge of potential US GAAP to IFRS differences in key duties and responsibilities outlined above
Contact to register your interest in this role.
Robert Walters Operations Limited is an employment business and employment agency and welcomes applications from all candidates