
Finance Reporting Manager (IFRS16)
Hybrid
Reading, United Kingdom
Freelance
21-01-2025
Job Specifications
Finance Reporting Manager
6-9 month Day Rate Contract - Inside IR35
Reading| Hybrid
You must be available to start immediately
You must be eligible to work in the UK without the need for Sponsorship
The Role:
This role reports into Head of Financial Reporting and sits within the Financial Accounting Function, which is committed to delivering the best in class accounting through deploying efficient processes and effective management of external service providers.
This role leads a team of 3 that looks after the accounting for the shared network with the Shareholders and Retail estate, both are administered by external service providers and report under IFRS 16 and IAS 17.
Principally the role requires effective management of the external service providers to ensure completeness and accuracy of Financial records to the Company’s accounting ledgers. You must be technically competent to understand current accounting requirements at a level to effectively translate, communicate and manage source data requirements from the Service Providers. Further, you will be required to implement initiatives to improve and track service level requirements.
This role provides an excellent exposure for an experienced Reporting Manager to apply their technical knowledge of accounting standards as well as gaining valuable experience in service level management through being empowered to challenge, implement and lead project initiatives to improve the process and reporting.
What you will be doing:
You will work closely with the T&O (Technology and Operations) Finance team (who own the budget and forecasting of the Network Sites cost) & Shareholder Finance team and oversee the recording of our share of the expenditure (Capex, rent (under IFRS16 & IAS 17), rates and electricity) in excess of £250M per annum for over 14,000 network sites.
Key part of the role is managing the communication and relationship with a new Telco who have recently purchased large volume of cell sites from the company and require close liaising with during the transition period.
Internal and External Stakeholder engagement
Manage the accounting for Shareholders and Retail within the company’s records, under IAS17 and IFRS 16 for the leases.
Review and approve 30 balance sheet accounts, putting controls in place to mitigate or understand the severity of the risk.
Preparation of the cash flow forecast related to the Shareholder and IFRS 16.
Leading the reporting under IFRS 16. Preparation of the IFRS 16 accounting has been outsourced to Supplier and key part of the role will be to work closely with Supplier and Shareholder to improve the accuracy and delivery of the IFRS 16 Reporting.
What you will gain in Return
This is a great opportunity that will enable the successful candidate to understand the nature of our shared network agreement, and understand the financials of network management.
This is a highly visible role and provides great development opportunity, as you will be managing several high profile external service providers and internally liaising with senior management on regular basis.
Must Have:
Qualified ACA (Chartered Accountant) - UK Qualified
Minimum 7 years PQE.
IFRS 16 Experience
Experience of managing external and internal stakeholders and 3rd party contracts.
Experience of working in a month end environment with experience of General Ledger close processes and month end reconciliation requirements.
Experience of working with external auditors.
Analytical skills with attention to detail.
Strong Financial Accounting skills.
Intermediate Excel.
Nice to have:
Working knowledge of Oracle.
Experience of working in a Group/Parent/Subsidiary environment.
About the Company
Project People provides complete talent acquisition and management solutions at a global level whilst maintaining a flexible and localised approach. Founded in 1995 as a specialist information technology and telecommunications recruitment company, we have evolved into a leading provider of global recruitment service programmes. We work in partnership with 200 of the world's most respected organisations including Fujitsu, Ericsson, Huawei, Three, GSMA, Nokia and many others. Our key aim is to help businesses meet growth tar... Know more
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