Group Financial Accountant
Group Financial Accountant
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Job Description
JOB DESCRIPTION
Job Title:
Group Financial Accountant
Department:
Finance Financial Reporting and Control
Primary job location:
VIRTUS Head Office
Reporting to:
Group Financial Reporting Manager
About VIRTUS
VIRTUS Data Centres is the UKs fastestgrowing data centre provider. We own design build and operate some of the most energyefficient flexible and secure data centres in Europe.
In 2023 we announced our expansion into continental Europe starting with Berlin and growing across the region. At VIRTUS we aim to be a positive force in the fourth industrial revolutiondelivering innovative solutions while staying rooted in our values: Care Helpful Pride Reliability and Dedication.
Job Summary
We are seeking a Group Financial Accountant to support our team in delivering monthly quarterly and annual financial reporting requirements. This role involves preparing consolidations maintaining and reviewing calculations that support key entries in the accounts and preparing group reporting packs and statutory accounts.
Additionally the role involves partnering with colleagues across the Finance team and the wider business to ensure significant transactions are identified and assessed in an accurate and timely manner and providing technical accounting advice in line with Group accounting policies. Increasingly this will require an understanding of VIRTUSs rapidly growing business in continental Europe.
You will also work with our internal and external auditors on our yearround audit programmes (interims and yearend) to ensure timely preparation review and filing of statutory accounts (IFRS FRS101 and FRS102 and reporting to other key stakeholders.
Main Duties
The role includes but is not limited to the following:
Group Reporting Responsibilities
- Prepare monthly quarterly and annual consolidations for a group of approximately 30 companies across the UK and EMEA.
- Maintenance and review of consolidation schedules and records
- Prepare quarterly group reporting packs and monthly/quarterly KPI reporting.
- Assist in the preparation of Audit Committee Packs.
- Prepare annual statutory accounts under IFRS and UK GAAP (FRS 101.
- Assist the management accounting team in aspects of the monthend close (balance sheet reconciliations monthend journal entries such as interest depreciation etc..
- Support and align with the Financial Planning & Analysis and Tax processes and teams (e.g. consolidated budgets forecasts and other reports).
Technical Accounting
- Maintain awareness of developments in accounting technical matters and understanding of relevant IFRS and accounting pronouncements for the Group.
- Business partnering with internal stakeholders to identify and support on transactions with accounting and finance considerations.
- Provide inhouse technical accounting advice on both IFRS and UK GAAP (FRS 101.
Process Controls and Systems
- Support Groupwide initiatives to improve the efficiency of using SAP (S/4 HANA and Group Reporting Modules) and implement SAC (SAP Analytics Cloud).
- Periodic review of accounting policies and procedures including internal controls.
- Identify and implement process improvements to enhance efficiency and accuracy in financial reporting.
- In due course support the business in readiness activities for compliance with a full SOX controls environment.
Other Responsibilities
- Work with internal and external auditors on yearround audit programmes.
What success looks like in 12 months:
- Demonstrate a sound understanding of the consolidation process contributing to monthly consolidations and interpretation of results and streamlining the process.
- Demonstrate strong technical knowledge on key accounting standards to assist the team in assessing technical accounting issues as they arise.
- Develop strong working relationships within the wider Finance team (Management Accounting Cost Management FP&A Tax and Treasury) as well as operational teams within the business.
- Demonstrate mastery of the SAP S4 HANA and Group Reporting (GR) Consolidation module and in due course the SAP Analytics Cloud (SAC) reporting application.
Person Specification
Qualifications:
Essential:
- Qualified Accountant preferably ACA or ACCA.
Experience:
Essential:
- Sound technical knowledge of IFRS both in theory and practical application.
- Excellent analytical and problemsolving skills
- Familiarity with a major ERP application such as SAP or Oracle/Hyperion.
- Comfortable with regular exposure to senior management.
Desirable:
- Familiarity with data centre sector or other technology/capital intensive businesses advantageous.
- Awareness of practical implications of SOX reporting on consolidation accounting processes leases and fixed assets within the control environment.
- Experience with SAP Group Reporting (GR) consolidation and/or SAP Analytics Cloud (SAC) consolidated reporting and planning modules.
Skills:
Essential:
- Excellent communication and interpersonal skills.
- Strong attention to detail and ownership of tasks.
- Proficiency in MS Office (Excel PowerPoint Word).
- Strong data analysis and interpretation skills.
- Ability to think out of the box and work well under pressure and to demanding timelines.
Employment Type
Full Time
