Senior Financial Reporting Accountant
Senior Financial Reporting Accountant
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Job Description
We are Allwyn UK part of the Allwyn Entertainment Group a multi-national lottery operator with a market-leading presence across Europe which includes: Czech Republic Austria Greece Cyprus & Italy.
While the main contribution of The National Lottery to society is through the funds to good causes at Allwyn we put our purpose and values at the heart of everything we do. Join us as we embark on a once-in-a-lifetime largescale transformation journey by creating a National Lottery that delivers more money to good causes.
Well talk a bit more about us further down the page but for now lets talk about the role and who were looking for
A bit about the role
An exciting opportunity in a key and broad financial role within an innovative multibillion pound business. The Financial Reporting Accountants are key members of the team delivering the financial records of Allwyn Entertainment Limited and its fellow group companies monthly management reporting asset management balance sheet reporting financial controls and regulatory reporting.
There are two Financial Reporting Accountants within the Financial Control team both of these roles are expected to learn all aspects of financial control and to be able to support each other to ensure that the requirements of the Company are fulfilled. We believe in providing incumbents the fullest opportunity to get as much experience as possible across all of the financial statements and being able to work collaboratively to ensure that the responsibilities are delivered to an excellent standard in a timely manner.
Team/Department Description:
- This role sits within the Financial Control team a team of 8 which has primary responsibility for ensuring that the businesses financial records are sound there are robust accounting and reporting processes gatekeeping and application of Allwyns accounting policies filing of our 6 UK entity accounts on time including one set complete under full IFRS and a public listed Financing Company in addition to completing regulatory reporting to our banks and to the Gambling Commission.
- Key responsibilities for the team are:
- Financial Reporting
- Quarterly reporting to Group for consolidation
- Statutory Reporting
- Covenant Reporting
- Regulatory Reporting including our annual Good Causes final reconciliation
- Custodians of the balance sheet accounts
- Managing financial controls
- Support with budgeting and forecasting
- Delivering value and insight
What youll be doing
- Responsible for routine month end processes and journals ensuring all accounting adjustments are made and costs are appropriately captured and reported on a periodic basis in accordance with IFRS
- Ownership and proactive management of the reporting of fixed assets including additions disposals assets under construction depreciation and amortisation and impairment.
- Ability to write technical accounting papers as required.
- Ownership of lease accounting to include embedded lease reviews and annual IBR reviews.
- Deputise for the Financial Reporting Manager.
- Line management of one Trainee Accountant.
- Supporting the IFRS Manager with documenting accounting policies ensuring the policies adhere to IFRS but also apply the business requirements of Allwyn.
- Ownership of the GRNI accrual including active management of the aged balances by liaising with stakeholders to ensure closed down in a timely manner
- Preparation of all balance sheet accounts (excluding Trust Accounts Payable and Accounts Receivable) ensuring that they are fully reconciled on time with all balances substantiated and reviewed in line with SOX.
- Work very closely with the Commercial Finance team to ensure that their reporting is robust review business cases and review balance sheet reconciliations.
- Support with implementing and monitoring of the new balance sheet reconciliation and journal policy
- Liaise with other departments as appropriate to ensure that all relevant considerations (legal corporation tax VAT lottery duty etc.) have been taken into account in the financial reporting process
- Become the expert for tax GL postings by liaising with the tax department as necessary.
- Review of the monthly management accounts to ensure accuracy of month end numbers and to ensure cost accruals are well supported and verified
- Support the Financial Reporting Manager and Reporting Financial Controller with implementing SOX across Financial Reporting and Accounting
- In relation to preparation / approval of balance sheets and journals be able to appropriately challenge and question underlying assumptions ensuring rigor and robustness across the financial statements
- Key responsibilities in the quarterly and annual audit cycles in terms of key deliverables to the external auditors and working as the liaison between wider finance and the audit team.
- Support the preparation of the Financial Statements under IFRS as required.
- Support the Group Reporting team as required to ensure that intercompany processes are robust and all amounts agreed and reconciled.
What experience were looking for
- ACA or ACCA or similarly qualified accountant with statutory reporting month end reporting preparing journals and reconciliations and control-based experience with at least 2 years PQE of which one has been in industry
- Experience of operating in a month/period end cycle working to tight deadlines and delivery of a successful month end
- Experience of interpreting and applying new accounting standards
- Experience of delivering process improvement including driving efficiencies
- Experience of tangible and intangible asset accounting and assessment of impairment
- Experience of coaching junior team members to impart knowledge
- Proven aptitude using accounting systems ideally SAP and an ability to understand and adapt to different systems and ways of working
- Proven experience of analysing and interpreting financial data
- Demonstrable ability to articulate and present using effective written and verbal communication skills including report writing
- Ability to use the Microsoft Office suite with advanced knowledge of Excel
We are Allwyn UK part of the Allwyn Entertainment Group a multi-national lottery operator with a market-leading presence across Europe which includes: Czech Republic Austria Greece Cyprus & Italy.
While the main contribution of The National Lottery to society is through the funds to good causes at Allwyn we put our purpose and values at the heart of everything we do. Join us as we embark on a once-in-a-lifetime largescale transformation journey by creating a National Lottery that delivers more money to good causes.
Weve developed ground-breaking technologies built player protection frameworks and have a proven track record of making lotteries better.
- Innovation - We pride ourselves on it! Were constantly looking for new ways to excite our customers bringing new products to enjoy which is all underpinned by our responsible play values and making them accessible to all.
- Giving back Did you know that playing the lottery generates around 30m a week for charities and good causes in the UK Our aim is to have doubled this number by the end of the first 10-year licence
- Sustainability Our aim to be net zero by 2030 which would make us the first lottery provider globally to achieve this
- Inclusion and accessibility We are making all parts of The National Lottery inclusive whether you play a game in a store or online.
If you need any assistance or adjustments to this job description or in the application process please contact a member of the talent team at and well be happy to help.
An inclusive reward offering with wellbeing at the centre
At Allwyn weve put together a range of inclusive benefits and policies to support our colleagues at every stage of their lives and careers.
Heres a list of some of the fantastic benefits we offer
- Company bonus scheme
- Matched pension contributions up to 8.5%
- 26 days annual leave 2 Life Days (and bank holidays)
- Complimentary Private Medical
- Life Assurance
- Enhanced Maternity & Paternity leave
- 500 wellness allowance
- Access to nutritional advisor and personal trainers
- Discounted Health Assessments
- Complimentary Financial coaching
Our benefits and policies reflect our commitment to wellbeing and inclusivity and are enhanced with features that benefit our colleagues (and their families). By offering a variety of benefits that support our colleagues we continue to create a place of work where people feel rewarded and can succeed.
A place of belonging
We want to create one of the UKs most inclusive organisations where people can bring the best of themselves to do their best work every day for the benefit of good causes.
Allwyn is an Equal Opportunity Employer which prides itself in being diverse and inclusive. We do not tolerate discrimination harassment or victimisation in the workplace. All employment decisions at Allwyn are based on the business needs the job requirements and the individual qualifications. Allwyn encourages applications from individuals regardless of age disability (visible or hidden) sex gender reassignment sexual orientation pregnancy and maternity race religion or belief and marriage and civil partnerships.
We are a Disability Confident Leader which means weve taken proactive steps to ensure our workplace is accessible and inclusive for disabled colleagues and candidates. As part of this we offer an interview to disabled applicants who meet the essential requirements of the job.
Required Experience:
Senior IC
Employment Type
Full Time
