Senior Financial Accountant

Location: Comber

Contract Type: Permanent Full Time

Closing Date: 27 May 2022

Salary: Competitive

Senior Financial Accountant

ABOUT THE ROLE

The Senior Financial Accountant will manage aspects of the Group’s financial reporting environment and will have responsibility for co-ordinating and managing this activity reporting directly to the CFO.  

They will work with existing finance personnel, especially the CFO, in the implementation of the financial strategy, as agreed by the Board of Directors, as it impacts on the role.

They will be responsible for effective and efficient financial accounting reporting across the entire Group. As part of their role, they will be specifically responsible for the financial and management accounting reporting environments within and will implement formal review and evaluation processes culminating in the selection of appropriate financial and administrative documented controls for these companies.

The Senior Financial Accountant will be responsible for the provision of relevant, timely and accurate financial accounting information as necessary for the direction of the Group together with competitor and/or 3rd party analyses, where possible. They will also work closely with, and support, the CFO in the execution of their work across a variety of activities.

 

KEY ACTIVITIES

Consolidation, Reporting and Control; including Forecasting and Integration

  • Provision of daily, weekly, monthly or quarterly financial and business reports including variance reports against budget and against KPIs (key performance indicators), within tight time deadlines.
  • Group Company Financial Management: Management of the financial control environment ensuring that processes are efficient and effective; including documentation of all Financial Controls & Procedures Manuals.  Management of the purchase process, sales process and the cash process, including processing of Group employee expenses and credit cards. Key control will be full balance sheet review done monthly to ensure cut-off correct and all control accounts reconciled.
  • Consolidated Group: Provision of monthly, quarterly and annual management accounts and business information reports within tight time deadlines.
  • Co-ordination of the annual statutory audits of EHGL and all Group subsidiaries within tight time deadlines; including writing and execution of the annual Audit Plan.
  • Preparation of annual financial statements for EHGL Group, EHGL and all subsidiary companies; including supporting accounting policies and disclosure notes and supporting schedules for presentation to external auditors.
  • Ensuring that all Group statutory accounts, compliance statements, annual returns are filed with the appropriate regulatory authorities on time (UK, Japan and the Netherlands). Updating the Register of Persons of Significant Control and similar registers.
  • Consolidation of EHGL Budget and Rolling Forecast. This will involve migration from Spreadsheet to Cloud based software. 
  • Ensuring that acquisitions are incorporated into the Group financial reporting environment. This includes the selection of acquisition accounting standards (covering fair value adjustments for intangible assets acquired) in accordance with UK GAAP. Ensuring that all internal restructurings and disposals are accurately accounted for in the financial reporting environment.
  • Owner of consolidation software and key contributor to management of forecast software.

Taxation

  • Liaising with tax auditors and consultants on the preparation of the annual corporation tax computations and deferred tax schedules for the holding company and all subsidiaries.
  • Liaising with tax auditors and consultants and HMRC (UK) and tax authorities in Japan, Ireland, the Netherlands, Germany and France, as required, indirectly through the DoFO and/or BDO and/or auditors.
  • Liaising with tax authorities to ensure that all relevant tax clearance certificates are issued when required and all VAT, PAYE, NIC (UK) and similar relevant tax regimes in other jurisdictions and corporation tax and all other tax liabilities are discharged on time for all companies, indirectly through the DoFO and Financial Controller, International.
  • Coordination of the preparation of corporation tax and other tax returns (UK, Japan and the Netherlands and other jurisdictions) for all Group companies and ensuring that all filing deadlines are met.
  • Working with CFO and DoFO on the active management of the tax affairs of the Group in line with best compliance practices, current tax laws and taking an active role in Group tax planning.
  • Direction of the Group’s Patent Box and R&D Tax Credit regimes; including maintenance of records sufficient for audit by relevant tax auditors and tax authorities.
  • Direction of the Group’s Transfer Pricing policy, including maintenance of records and working with sales and subsidiary finance teams to recommend transfer prices for new products.

Treasury

  • Managing the Group’s treasury function in accordance with Treasury Policy
  • Directing the day-to-day banking relationships and the cash flow of the Group ensuring the Group’s cash flow objectives are met.
  • Coordinating and managing the Group’s currency policies in accordance with Treasury Policy.
  • Managing deposit accounts within the Group according to the Treasury Policy.

KPIs, Investment Appraisals, Analyses and Group Structure

  • Managing all aspects of shareholder KPIs to include WACC, Return on Capital and Return on Investment and Cash Flow metrics.
  • Reporting (as agreed) on actual investment performance against target returns and indicative investment returns.
  • Working with the CFO on development of appropriate capital structures for the Group.
  • Working with CFO on Group restructurings, hive-downs/ups, amalgamations and suchlike.
  • Benchmarking the Group’s performance against published financial accounts, as required.
  • Undertaking financial analysis of 3rd party financial reports (where possible) and issuing such analyses to the Board.

Board of Directors, Secretarial and Fiscal calendars

  • Preparation of Annual Fiscal Calendars.

Enterprise Risk Management

  • Working with the CFO to manage the Enterprise Risk management process for the group. Business partnering with the risk owners, integrating new companies into the framework, formal implementation of an operational risk register and a regular update of the risk registers.

General

  • Providing such other reports on the financial performance of the Companies and the Group as are requested by the CFO and Directors from time to time.
  • Undertake such professional training as is needed to perform at the highest standard.

Other

  • To adhere to the company’s Equal Opportunities policy and Dignity at work policy in all activities and to actively promote equality of opportunity wherever possible
  • To be responsible for your own health and safety and that of your colleagues, in accordance with the company’s’ Health and Safety policy
  • To adhere to the company’s Quality policy and Environmental policy
  • To undertake other duties as may be reasonably required

 

KEY SKILLS

Essential

  • Member of Chartered Accountants Ireland, Institute of Chartered Accountants in England and Wales, or Scotland or comparable institute.
  • Qualified through a large accountancy firm (top 4 firm preferably).
  • Experience with planning and consolidation software e.g. Anaplan / Hyperion. 
  • Post-qualification experience at financial accountant level in a manufacturing environment, or an acceptable equivalent.
  • Demonstrated experience working with clients with manufacturing and international operations and hands-on experience in preparing consolidated financial statements and reports in line with FRS 102 or IFRS.Professional experience in preparing or reviewing tax computations, tax returns and a knowledge of deferred taxation.
  • Experience in coordinating activities with auditors, tax advisors and corporate lawyers.
  • Excellent written and verbal communication skills including knowledge of computer based presentation software especially PowerPoint, Excel, Word.
  • Successful track record in a busy working environment in the delivery of relevant, timely and accurate financial information including daily, weekly, monthly and quarterly accounts information and year-end financial accounts.
  • Good commercial judgement and ability to support the executive directors and senior management.
  • Ability to develop financial plans, schedules and manuals including requirements, tasks, work assignments, work calendars, financial controls, financial budgets, financial forecasts, annual business plans and profitability reports.
  • Ability to persuade and influence others.
  • Good presentation and interpersonal skills.
  • Willingness to travel within the United Kingdom and abroad.

 Desirable

  • Competent knowledge of UK Company law.
  • Ability to demonstrate high level of emotional intelligence.

 

KEY WORKING RELATIONSHIPS

Internal

  • CFO
  • Director of Finance
  • Chief Commercial Officers
  • The Chairman
  • Boards of Directors
  • Finance, Research & Development, Operations and Sales & Marketing managers and personnel

External

  • Auditors
  • Tax Auditors and Consultants
  • Tax Authorities (UK, Japan and the Netherlands)
  • Legal advisors
  • Banks
  • Appropriate Industry Bodies

 ADDITIONAL INFORMATION

  • Occasional Travel Requirements to core sites

 

COMPETENCIES

Problem solving – Generates and promotes solutions.  Sees clearly which is the best way forward.  Able to make decisions and commitments within appropriate time frame.

Commercial Orientation – Ensures appropriate data is used to evaluate risks.  Looks at the wider implications and is likely to try to assess the long-term impact.  Influences others and intervenes to get appropriate results

Strategic Awareness – Maintains a strong awareness of long-term goals and plans, keeping the future eventualities and possibilities in mind.  Thinks in a global way and sees the bigger picture.  Is likely to make impact on future direction and outcomes

Resilience – Can work under pressure, remains calm, thinks clearly and manages emotion under pressure. Addresses issues without being aggressive or controlling and can easily bounce back from setbacks. Is open to feedback and doesn’t dwell on past events.

Team Working – Enjoys participating in group activities and likes to work in close proximity with other people.  Is ready to collaborate with and support others and is willing to co-operate and compromise for the overall good.

Analytical – Enjoys analysing qualitative data but also considers quantitative and seeks to identify and explore they key elements in information before making commitments.  Tends to like to use facts and figures when planning and reporting and is concerned about accuracy and detail

Planning and Organising – Thinks things through well in advance and maps out future activities, taking the key stages and requirements into account.  Likes to monitor to ensure that things are implemented and delivered effectively

Quality Orientation – Is precise, pays attention to details, checks things and ties up ‘loose ends’.  Has a strong conscience about getting things right and seeks to ensure that decisions and solutions do not involve undue risk, adheres to policy and standards.

Interpersonal / Influencing – Deals with other in a convincing way that leads to gaining agreement without relying on hierarchy and shows sensitivity to working relationships.  Doesn’t give up easily in the face of opinions that differ from their own.  Influences others to reach conclusions and gain agreements.

Technical expert –full breadth of technical knowledge and can operate as a technical advisor, influencing others to achieve goals without relying on hierarchy. Keeps up to date on changes within their field and implements plans to ensure organisation is in a state of readiness.  Participates in industry and professional associations

 

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