Group Finance Manager
- Recruiter
- Goodman Masson Limited
- Location
-
England, London, City of London
London (City of)London (Greater)
- Salary
- £70000 - £75000 per annum + Bonus, Pension, LTIP
- Posted
- 01 Dec 2020
- Closes
- 09 Dec 2020
- Ref
- 070744/CB
- Job Title
- Non-Executive Director
- Category
- Accountancy
- Contract Type
- Permanent
- Hours
- Full Time
An outstanding opportunity has arisen at an international oil and gas exploration, production and development company, headquartered in London.
Job Purpose:
Driven, hands-on and technically strong leader and team player responsible for developing and managing processes to ensure timely, high quality financial reporting, treasury management, tax planning and compliance, and accounts payable.
The role currently has 1 direct and 1 indirect report and is required to work closely with the rest of the finance team. This role reports to the Head of Finance.
Responsibilities and Key Objectives:
External reporting
- Lead the end-to-end process for annual and half year financial statements preparation.
- Assist with the completion of external announcements and annual/interim reports to meet the UK regulatory requirements.
- Ensure accuracy of the financial statements.
- Ensure all balances reconciled are supported.
- Responsible for the Group consolidation model.
- Liaise with the Company auditors, ensuring that all deliverables are provided on time and are of the required standard.
- Review and support the preparation of two sets of statutory accounts (UK GAAP and IFRS).
Technical accounting and Group accounting policy setting and compliance
- Keep up to date with new accounting standards and advise on their implications for the Group.
- Lead the group through IFRS adoptions and robustly implement changes in reporting standards.
- Draft, communicate and manage Group-wide implementation of accounting policies, procedures, and controls to obtain the highest integrity of financial reporting.
Budgeting & forecasting
- Responsible for the delivery of budget and in-year reforecast for two corporate entities with subsequent reporting to budget holders on their performance against the budget including forecasted Financial Statements.
Monthly activities
- Continue improvement work around data and records quality assurance, work with the team on acceleration of month end close.
- Monitor accuracy of inputs ensuring key balances are reconciled and understood on monthly basis.
- Be a custodian of the Group's Delegation of Authority policy ensuring it is regularly reviewed, updated, approved and communicated.
Taxation
- Group and UK subsidiary tax planning compliance, including Group's taxation status review.
- Lead periodic UK transfer pricing policy review and benchmarking. Ensure transfer pricing principles are applied consistently.
Other
- Actively manage and develop direct reports.
- Lead corporate treasury and accounts payable functions.
- Active involvement in the new ERP system implementation (Sun Systems and InforEAM).
- Lead ad-hoc process review and improvement projects.
- Develop and manage Group-wide short-term cash flow forecast preparation.
PERSON SPECIFICATION
Education,
Job Knowledge, Skills and Experience:
o ACA or similar qualification. Big 4 experience is preferrable.
o Industry experience in oil and gas strongly preferred
o Minimum 5 years post qualification experience
o Strong communication and management skills
o A team player with a proven ability to collaborate and work in a fast-pace environment
o Experience in preparation of presentations for senior management, executives and Board
o Ability to explain complex accounting areas to professionals outside of finance
o Strong technical IFRS and UK GAAP knowledge
o Proficiency in use of Microsoft Office programs
o High integrity, diligent and conscientious
o Results-driven, logical, and methodical approach to achieving tasks and objectives
o Independently initiative to meet and resolve challenges
o Strong planning, organising, and monitoring abilities
Job Purpose:
Driven, hands-on and technically strong leader and team player responsible for developing and managing processes to ensure timely, high quality financial reporting, treasury management, tax planning and compliance, and accounts payable.
The role currently has 1 direct and 1 indirect report and is required to work closely with the rest of the finance team. This role reports to the Head of Finance.
Responsibilities and Key Objectives:
External reporting
- Lead the end-to-end process for annual and half year financial statements preparation.
- Assist with the completion of external announcements and annual/interim reports to meet the UK regulatory requirements.
- Ensure accuracy of the financial statements.
- Ensure all balances reconciled are supported.
- Responsible for the Group consolidation model.
- Liaise with the Company auditors, ensuring that all deliverables are provided on time and are of the required standard.
- Review and support the preparation of two sets of statutory accounts (UK GAAP and IFRS).
Technical accounting and Group accounting policy setting and compliance
- Keep up to date with new accounting standards and advise on their implications for the Group.
- Lead the group through IFRS adoptions and robustly implement changes in reporting standards.
- Draft, communicate and manage Group-wide implementation of accounting policies, procedures, and controls to obtain the highest integrity of financial reporting.
Budgeting & forecasting
- Responsible for the delivery of budget and in-year reforecast for two corporate entities with subsequent reporting to budget holders on their performance against the budget including forecasted Financial Statements.
Monthly activities
- Continue improvement work around data and records quality assurance, work with the team on acceleration of month end close.
- Monitor accuracy of inputs ensuring key balances are reconciled and understood on monthly basis.
- Be a custodian of the Group's Delegation of Authority policy ensuring it is regularly reviewed, updated, approved and communicated.
Taxation
- Group and UK subsidiary tax planning compliance, including Group's taxation status review.
- Lead periodic UK transfer pricing policy review and benchmarking. Ensure transfer pricing principles are applied consistently.
Other
- Actively manage and develop direct reports.
- Lead corporate treasury and accounts payable functions.
- Active involvement in the new ERP system implementation (Sun Systems and InforEAM).
- Lead ad-hoc process review and improvement projects.
- Develop and manage Group-wide short-term cash flow forecast preparation.
PERSON SPECIFICATION
Education,
Job Knowledge, Skills and Experience:
o ACA or similar qualification. Big 4 experience is preferrable.
o Industry experience in oil and gas strongly preferred
o Minimum 5 years post qualification experience
o Strong communication and management skills
o A team player with a proven ability to collaborate and work in a fast-pace environment
o Experience in preparation of presentations for senior management, executives and Board
o Ability to explain complex accounting areas to professionals outside of finance
o Strong technical IFRS and UK GAAP knowledge
o Proficiency in use of Microsoft Office programs
o High integrity, diligent and conscientious
o Results-driven, logical, and methodical approach to achieving tasks and objectives
o Independently initiative to meet and resolve challenges
o Strong planning, organising, and monitoring abilities