Group Consolidation Accountant

Recruiter
Imperial Brands
Location
Bristol, UK
Salary
Competitive
Posted
16 Aug 2019
Closes
15 Sep 2019
Ref
1236903580
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
About us:

Imperial Brands PLC is a dynamic FTSE100 FMCG company headquartered in Bristol with a global workforce of around 32,000 people. Borne out of a strong tobacco heritage, we have continually evolved to embrace changing market dynamics and our purpose is to create something better for the world's smokers. Our high-quality cigarette brands include Davidoff, Gauloises Blondes, JPS and West and we are increasingly focused on developing a leading portfolio of next generation products built around the vaping brand blu

With a presence across the EU and in Africa, Asia and the Americas, we offer opportunities to set the strategic direction across multiple markets.

The role:

We are seeking a Group Consolidation Accountant to join our small but impactful team. This is a fantastic opportunity for a year one post qualified accountant looking for the next step up. You will be responsible for reviewing financial and non-financial data relating to the group consolidation, which forms the basis for internal and external reporting. You'll provide assistance during the monthly Group consolidation process, such as Intragroup reconciliations and dispute resolution, and preparation of various notes to the financial statements.

Key accountabilities:

Manage the process for consolidating the submissions of over 300 entities across the Group, to produce a single set of consolidated financial results for the Group, by:
  • Overseeing the elimination of Intragroup transactions and balances
  • Eliminating investments in subsidiaries in the Investment Register
  • Ensuring entities complete their submissions accurately and on time
  • Dealing with any issues that arise during the month-end process
  • Liaising with entities around the world to provide guidance and advice on technical accounting and Group policy requirements
  • Owning and managing the Intangibles Model, ensuring control and understanding over movements in the Group's Goodwill and Other Intangible Assets
  • Ensuring that the movements in the Group's Exchange Translation Reserve can be explained
  • Maintaining a high-level overview of costs and provisions being booked to Restructuring, monitoring actual restructuring costs against approved spend, and support the Central Support Function team as required
  • Reviewing Step Plan documents and liaise with Group Tax to ensure accuracy of the financial data; to consider any gains, losses or impairments that need to be booked; to prepare and communicate accounting entries for the detailed steps of the Step Plan; and to update the Investment Register as required
  • Producing UK GAAP accounting records for subsidiary companies in an accurate, compliant and timely manner, ensuring the process is appropriately planned, communicated, controlled and documented as appropriate
  • Acting as key contact for external auditors on Half Year and Year End audits, providing consolidation information and dealing with any queries
  • Identifying process improvements to enhance efficiency and effectiveness
  • Prepare an organise Balance Sheet Reviews with all material Group entities and the Divisional Finance Directors, documenting and following-up issues raised during the review
  • Review and analyse entity submitted results, challenging significant movements and adherence to Group policies
  • Prepare and present the monthly Balance Sheet pack for presentation to the Group Financial controller, including preparation of Balance Sheet reconciliations (e.g. investment in joint ventures and minority interests) and analysis to underpin the preparation
  • Attend and participate in the monthly Financial Control Reviews, assessing results; of Internal Audit reports, stock monitoring procedures for the Group, and credit risk dashboards, ensuring items highlighted for concern are addressed

Skills & experience:
  • Newly qualified ACA or qualified with 1 year post qualification experience (ACA)
  • Experience with a large and complex IFRS consolidation process
  • Ability to liaise and enforce compliance across large geographically and culturally disparate groups
  • Ability to deliver results through other team members while maintaining control and quality
  • Ability to communicate with different levels of stakeholders around the world
  • Close attention to detail where required
  • Drive and enthusiasm to ensure team succeeds in achieving fixed and demanding deadlines
  • Commitment and flexibility to work to tight and demanding deadlines
  • IFRS & local GAAP
  • P&L, Balance Sheet and Cash Flow management


What we offer:

Imperial Tobacco offers a competitive package of salary, bonus scheme, pension and 25 days holiday (with an additional 4 days on top to cover the Christmas period and bank holidays).

Next steps:

Interested applicants should apply with their CV highlighting their suitability for the role.

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