Group Financial Controller
- Recruiter
- Fidelio Partners
- Location
- London, England, United Kingdom
- Salary
- Competitive
- Posted
- 24 Apr 2019
- Closes
- 24 Apr 2019
- Ref
- 5783040
- Job role
- Financial controller
- Sector
- Accounting - Public practice
Role Summary:
The core activities will cover all day to day statutory and management accounting, including reporting, payroll/partnership drawings, tax, corporate cash management, accounts payable, with appropriate allocation of costs for tax (transfer pricing model) and reporting between the various entities in the UK and overseas. The role will have a strong focus on accounting, technical accounting and book-keeping.
The Group Financial Controller will be responsible to review, remap and redesign the control environment and processes with bearing in mind a potential public offering at a later stage. The Group Financial Controller will also be responsible for supporting and co-leading projects on various tax matters (including VAT, transfer pricing and patent box) as well as identifying opportunities to optimise the tax position.
In addition, the successful Candidate will need to prepare quarterly reports, and, where required, assist in the valuation of the current and future investments.
In overseeing the scope of the finance function, the role is responsible for leading a team of financial professionals, working closely with the Group CFO and other key stakeholders, both internal and external.
They will be involved in the day-to-day running of company finances, working closely with the other CFO functions such as Treasury and FP&A, and building an effective and agile international finance team, with an emphasis on the improvement and automation of processes.
Into the future, it is expected that the candidate will effectively “grow into the role” as the organisation expands and becomes ever more complex (the company operates already in eight regulatory regimes globally including the US).
The key responsibilities for the Group Financial Controller will be:
General Accountancy:
Reporting:
Treasury:
Running and building multi-jurisdictional teams and systems:
Tax:
Internal control and compliance:
Key Selection Criteria:
Salary:
Highly competitive base salary (plus bonus, matched pension contribution up to 8%, medical and dental cover, life insurance, other employee benefits)
Location:
The role will be based at the company headquarters in Central London.
The core activities will cover all day to day statutory and management accounting, including reporting, payroll/partnership drawings, tax, corporate cash management, accounts payable, with appropriate allocation of costs for tax (transfer pricing model) and reporting between the various entities in the UK and overseas. The role will have a strong focus on accounting, technical accounting and book-keeping.
The Group Financial Controller will be responsible to review, remap and redesign the control environment and processes with bearing in mind a potential public offering at a later stage. The Group Financial Controller will also be responsible for supporting and co-leading projects on various tax matters (including VAT, transfer pricing and patent box) as well as identifying opportunities to optimise the tax position.
In addition, the successful Candidate will need to prepare quarterly reports, and, where required, assist in the valuation of the current and future investments.
In overseeing the scope of the finance function, the role is responsible for leading a team of financial professionals, working closely with the Group CFO and other key stakeholders, both internal and external.
They will be involved in the day-to-day running of company finances, working closely with the other CFO functions such as Treasury and FP&A, and building an effective and agile international finance team, with an emphasis on the improvement and automation of processes.
Into the future, it is expected that the candidate will effectively “grow into the role” as the organisation expands and becomes ever more complex (the company operates already in eight regulatory regimes globally including the US).
The key responsibilities for the Group Financial Controller will be:
General Accountancy:
- Generate balance sheets and P&L
- Maintain subsidiary accounts by verifying, allocating, and posting transactions
- Balance subsidiary accounts by reconciling entries
- Maintain general ledger by transferring subsidiary account summaries
- Improve system and automation of book-keeping and recording
- Ensure rigorous month end reporting process including results analysis and commentary
- Seek practices to reduce financial risk of the company
- Monitor cash flow, accounts, payroll and other financial transactions
Reporting:
- Prepare financial reports by collecting, analysing, and summarising account information and trends
- Prepare accounts in accordance with IFRS, US GAAP and manager other 8 reporting requirements for the group entities
- Provide technical financial advice and support the Board/business
- Support the Group CFO in developing financial strategy and technical accounting matters
- Develop strong relationship with auditors in a global context
Treasury:
- Oversee daily cash management and forecast of the business
- Sign off short-, mid- and long-term cash flow model and funding requirements estimates
- Oversee Improving and automating treasury processes
- Oversee running daily reconciliation
Running and building multi-jurisdictional teams and systems:
- Build and maintain relationships with a Finance team across multiple jurisdictions
- Work on a multi-jurisdiction finance team structure
- Grow individuals and define the team structure as the company goes global
- Maintenance and use of NetSuite
Tax:
- Responsible for audit and tax filing
- Support (and later on potentially manage and deliver) the Group's tax reporting obligations and ensure accurate and timely submission of VAT, Corporation Tax and other returns
- Optimise corporate tax through TP and patent box
- Optimise VAT spend
- Review and refine TP model as the business evolves
Internal control and compliance:
- Ensure that all of the company’s financial practices are in line with statutory regulations and legislation and file tax and accounts across multiple jurisdictions
- Maintain effective relationships with service providers and contractors
- Improve internal control, bearing in mind potential capital activity on the horizon
Key Selection Criteria:
- Proven ability in building and managing accounting, tax, and treasury teams across multiple jurisdictions
- First-hand experience in implementing financial control and system environment
- Career oriented individual with evidence of significant progression
- Process-driven outlook, with the experience of increasing productivity and capability of a function
- Ability to implement significant change, through effective leadership and team management skills
- Highly developed business acumen, with a developed understanding of the money transfer and wallet business
- High energy level, complemented by emotional intelligence and minimal ego
- Qualified accountant, preferably with Big4 experience, as well as a deep engagement with financial controlling
Salary:
Highly competitive base salary (plus bonus, matched pension contribution up to 8%, medical and dental cover, life insurance, other employee benefits)
Location:
The role will be based at the company headquarters in Central London.