Finance Manager - Group Accounting x2
- Recruiter
- Sainsbury's
- Location
- London, Greater London, United Kingdom, United Kingdom
- Salary
- Competitive Benefits
- Posted
- 30 Jun 2022
- Closes
- 15 Jul 2022
- Ref
- 220004O8
- Approved employers
- Approved employer
- Job role
- Finance manager
- Sector
- Retail and FMCG
- Experience level
- Manager
In a nutshell
A key member of the Group Finance team, owning the financial accounting for a portfolio of Group companies, as well as a number of technical areas. In addition this individual will work closely with the Senior Finance Manager - Group Reporting and Senior Finance Manager - Consolidation in producing the consolidated Group results on a periodic, half year and full year basis.
What you need to do
GROUP COMPANY FINANCIAL ACCOUNTING
Maintenance of accounting records for a portfolio of Group companies
Ownership and reconciliation of allocated balance sheet accounts
Assistance with accounting for property, financing and tax structures in line with business requirements
Management of accounting integration for relevant acquisitions and disposals
SUBSIDIARY STATUTORY ACCOUNTS PREPARATION PROCESS
Preparation of the Group's subsidiary statutory accounts
Liaise with external auditors and the internal Group Reporting team to ensure statutory accounts are prepared and audited within the set timelines
Ensure the Group's statutory accounts are filed with Companies House on a timely basis
TECHNICAL AREA OWNERSHIP
Be a subject matter expert for a specific accounting area e.g. pensions, cash flow, share based payments etc.
Own all accounting entries for subject area.
Ensure correct presentation of subject area in Group accounts
GROUP CONSOLIDATION
Assist with the production of the Group's periodic management accounts, ensuring all consolidation journals are posted and reconciled
Assist with the intercompany process ensuring that all Group balances are accurately reconciled and agreed on a periodic basis
Ensure that the Group companies' management accounts are uploaded into Hyperion
Preparation of cash flow statement and related commentary
BUDGETING & FORECASTING
Manage the budgeting and forecasting process for the Group's subsidiary entities in conjunction with relevant divisions and provide meaningful analysis and commentary
Manage the budgeting & forecasting process for the allocated balance sheet accounts
OTHER
Perform a high standard of ad hoc analysis to support the CFO and Director of Group Finance which identifies key issues and opportunities for improvement
Input into the Annual Report and Half year process including ownership in the preparation of financial statement notes
Demonstrate the use of judgment in calculating, presenting and arguing the application of accounting standards to the Group; ensuring that balanced arguments are presented in formal papers to external auditors
In conjunction with the Senior Finance Manager - Group Reporting, ensure the business is up to date and fully prepared for all new financial/accounting standard changes/interpretations under International Accounting Standards, providing briefing papers, interpreting technical accounting concepts to Sainsbury's position
Provide technical accounting support to wider business projects on an ad hoc basis.
What you need to know and show
Qualified accountant with good knowledge of IFRS standards
Self-starter who can work independently with minimal support
Good systems skills (Excel, Oracle & Hyperion)
Excellent communication and influencing skills
Able to demonstrate a strong customer service ethic
A critical eye for detail.
The ability to work under pressure - providing accurate high quality work under tight deadlines
What decisions I can make including budget
Identify and apply correct accounting treatment for your technical areas and entities
Support we will provide
Working as part of a group reporting team with significant collective experience and expertise
Access to technical guidance from Big4 consulting and audit teams where necessary
Access to Finance development programme, including regular bitesize sessions, lunch & learns and accounting technical update sessions
Work-life balance is important to us, so we offer our colleagues as much flexibility as possible in line with the needs of their role. We trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours, giving them plenty of time and space for life outside of work whilst delivering against our business goals.
#LI-BB1
A key member of the Group Finance team, owning the financial accounting for a portfolio of Group companies, as well as a number of technical areas. In addition this individual will work closely with the Senior Finance Manager - Group Reporting and Senior Finance Manager - Consolidation in producing the consolidated Group results on a periodic, half year and full year basis.
What you need to do
GROUP COMPANY FINANCIAL ACCOUNTING
Maintenance of accounting records for a portfolio of Group companies
Ownership and reconciliation of allocated balance sheet accounts
Assistance with accounting for property, financing and tax structures in line with business requirements
Management of accounting integration for relevant acquisitions and disposals
SUBSIDIARY STATUTORY ACCOUNTS PREPARATION PROCESS
Preparation of the Group's subsidiary statutory accounts
Liaise with external auditors and the internal Group Reporting team to ensure statutory accounts are prepared and audited within the set timelines
Ensure the Group's statutory accounts are filed with Companies House on a timely basis
TECHNICAL AREA OWNERSHIP
Be a subject matter expert for a specific accounting area e.g. pensions, cash flow, share based payments etc.
Own all accounting entries for subject area.
Ensure correct presentation of subject area in Group accounts
GROUP CONSOLIDATION
Assist with the production of the Group's periodic management accounts, ensuring all consolidation journals are posted and reconciled
Assist with the intercompany process ensuring that all Group balances are accurately reconciled and agreed on a periodic basis
Ensure that the Group companies' management accounts are uploaded into Hyperion
Preparation of cash flow statement and related commentary
BUDGETING & FORECASTING
Manage the budgeting and forecasting process for the Group's subsidiary entities in conjunction with relevant divisions and provide meaningful analysis and commentary
Manage the budgeting & forecasting process for the allocated balance sheet accounts
OTHER
Perform a high standard of ad hoc analysis to support the CFO and Director of Group Finance which identifies key issues and opportunities for improvement
Input into the Annual Report and Half year process including ownership in the preparation of financial statement notes
Demonstrate the use of judgment in calculating, presenting and arguing the application of accounting standards to the Group; ensuring that balanced arguments are presented in formal papers to external auditors
In conjunction with the Senior Finance Manager - Group Reporting, ensure the business is up to date and fully prepared for all new financial/accounting standard changes/interpretations under International Accounting Standards, providing briefing papers, interpreting technical accounting concepts to Sainsbury's position
Provide technical accounting support to wider business projects on an ad hoc basis.
What you need to know and show
Qualified accountant with good knowledge of IFRS standards
Self-starter who can work independently with minimal support
Good systems skills (Excel, Oracle & Hyperion)
Excellent communication and influencing skills
Able to demonstrate a strong customer service ethic
A critical eye for detail.
The ability to work under pressure - providing accurate high quality work under tight deadlines
What decisions I can make including budget
Identify and apply correct accounting treatment for your technical areas and entities
Support we will provide
Working as part of a group reporting team with significant collective experience and expertise
Access to technical guidance from Big4 consulting and audit teams where necessary
Access to Finance development programme, including regular bitesize sessions, lunch & learns and accounting technical update sessions
Work-life balance is important to us, so we offer our colleagues as much flexibility as possible in line with the needs of their role. We trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours, giving them plenty of time and space for life outside of work whilst delivering against our business goals.
#LI-BB1
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