Consolidation Accountant

CONSOLIDATION ACCOUNTANT

BACKGROUND

The role, in the central finance function of an £8bn-revenue international FTSE 250 group, is to become a critical part of the Group consolidation team responsible for the provision of consolidated group management reporting to the CFO and the Board (monthly and HY.FY external reporting processes).

The Group has recently changed its entire Executive Management (CEO, CFO etc), and is undergoing a business-transformation exercise (Build-to-Last) to restore the Group to health. (This includes the creation of one Finance pyramid throughout the organisation. This aids future Finance mobility opportunities in the Group).

The Group is looking to simplify its reporting and create a more efficient reporting cycle going-forward. The Group has recently transitioned its consolidation system from Hyperion Enterprise to HFM.

This background creates a fast-paced, change-agenda driven Group Finance environment, with significant career-development opportunities, which is in need of:

PERSONAL CHARACTERISTICS/SKILL SET:

- A recently qualified strong accountant: CA/ACCA/CIMA;
- HFM/consolidation package knowledge (from industry) a preferred skill-set
- High computer literacy with proficient use of Microsoft Excel
- Good communicator, orally and in writing
- Well organised and structured thinker
- Ability to apply technical knowledge into practical situations
- Hard working team player, able to build a good working relationship within Group Head Office and with all levels of financial staff in the operating businesses;
- Able to act on own initiative.
- A hands-on approach with the ability to get things done, accurately, on time, first time.

REPORTS TO

Group Consolidation Controller (Direct)

Group Financial Controller (In-direct)

PRINCIPAL RESPONSIBILITIES

- Assist the Group Consolidation Controller in the preparation of the monthly Group Reporting for distribution to the Chief Financial Officer, Group Financial Controller, Head of Financial Planning and Analysis, and others;
- Produce reviews/analysis/elimination of certain monthly Group Income Statement, Statement of Financial Position and Cash Flow reported values (via HFM ad-hoc Smart View enquiry/template builds);
- Produce monthly reconciliations for intra group loans, dividends, and interest and liaise with reporting entity financial controllers to ensure group elimination of such balances (this has been a step-change in HFM, so is more about monitoring and ensuring the reconciliation and resolution of intercompany mismatches are performed at the right time);
- Use HFM to report some central Group entities from information received from off-site managers (eg - International JVs), and to liaise accordingly;
- Liaise with the Group Head Office accounting team to confirm the allocation of corporate overheads across the Group's business segments;
- Complete similar review activities for the Group Budget and Strategic Road Map reporting as required;
- Assist in the production of the Group's annual accounts and interim accounts by taking responsibility for certain Notes to the Accounts and reconciling intra group balances;
- Complete various Office of National Statistics and other similar surveys; and
- Produce and assist with other ad hoc analysis as required.

RELATIONSHIPS

Internal:

- Group Consolidation Controller, Senior Consolidation Accountant and HFM Administration Team;
- Financial and Reporting team (External reporting owners/technical accounting matters);
- Group Financial Controller, Director of Finance;
- Group Finance management and other central Group functional departments (Financial Planning and Analysis, Investor Relations, Taxation etc); and
- Operating businesses financial staff

External:

- External Auditors

LOCATION

The role is based in the Group Head Office in Victoria, London until end of Nov 2015. From Dec 2015, GHO is relocating and the role will be based in Canary Wharf.