Company:
CV-Library
Location: London
Closing Date: 23/10/2024
Salary: £65,000 - £70,000 Per Annum
Hours: Full Time
Type: Permanent
Job Requirements / Description
Job Description: Statutory Accountant
Location: Central Londoin, but with a requirement to travel up to Immingham, North East Lincolnshire at least once a month
Contract: Permanent
THE CLIENT
VPI is a preeminent power company, part of the Vitol Group. With responsiveness and ability to act swiftly at its core, as well as breadth of experience that spans operations and trading, we are a system solver for the problems that must be resolved to enable the energy transition.
We are already one of the leading Combined Cycle Gas Turbine (CCGT) operators in the UK, with assets across five locations capable of generating 3.3GW of power. Our efficient and flexible generation portfolio complements an increased use of renewables as part of the energy system, ensuring security of supply in the power grid.
At the same time, we are solving for decarbonisation of gas-fired dispatchable generation, as well as industrial clusters. For example, we are part of Humber Zero, a project to decarbonise critical energy intensive industry in the Humber. Humber Zero is a carbon capture and storage (CCS) project on the south bank of the Humber Estuary. The large-scale decarbonisation project will remove up to 8-million tonnes per annum of CO2 at the Immingham industrial site within the next 7 years. This represents a meaningful reduction in national CO2 emissions, while protecting local jobs and supporting the region's economy.
Finally, we are anticipating the shift to zero-carbon storage technologies that will provide flexibility and stability in the energy system in the long term. We are building our portfolio in these areas, and creating a suite of services to suit corporate and grid needs.
VPI has an ambitious growth agenda. We are growing our portfolio in the UK and abroad. We can see an energy system that is changing rapidly and fundamentally. As a company that holds on to a system wide view and responds at pace, we see opportunity in this complex and fast-changing ecosystem.
THE POSITION
Due to growth and expansion of the business the opportunity has arisen for another statutory accountant to join the VPI finance team. We are looking for an experienced, hands on accountant with strong technical accounting skills; excellent knowledge of IFRS and UK Company legislation in relation to statutory financial statements. The role would suit a first time move from practise for an experienced accountant/auditor or for someone already in industry who has worked through audit cycles. The role also covers direct and indirect tax compliance, working alongside the Group’s external advisors, so the ideal candidate will also have some tax compliance experience. As the Group advances into new territories, this role will also play a key part in researching and meeting the compliance needs of the Group in those territories as well as the UK.
DIMENSIONS
Support the VPI Statutory Accounting Lead with the statutory audit cycle
Prepare IFRS individual and consolidated financial statements for presentation to the auditors
Calculate and prepare technical accounting schedules and papers for inclusion in the management accounts or for presentation to auditors and other stakeholders - such as derivatives, IFRS16 lease provisions and ARO provisions
Accounting for acquisitions and disposals
Technically up to date with the ability to research accounting issues that may impact the Group in accordance with IFRS and relevant legislation
Identify, prepare and calculate consolidation adjustments and supporting schedules
Prepare/review the month end Balance Sheet reconciliations for the group
Draft the monthly and year end corporation and deferred tax provisions
VAT compliance and adhoc queries
Interrogating and analysing accounting entries and issues.
Drafting Office for National Statistics reports
Building new processes and to continually improve those currently in place
DESIRED SKILLS AND EXPERIENCE
Experience of audit cycles essential
Strong technical accounting experience including but not limited to:
Derivative financial instruments valuation calculation
IFRS 16 leases
ARO
Consolidation entries
Acquisition accounting
Accounting for overseas subsidiaries
Ability to prepare IFRS financial statements from a trial balance
Ability to investigate and resolve variances
Flexible approach to work, agile mindset
Able to use own initiative, prioritise and multi task
Good interpersonal, communication skills and listening skills
Understanding or experience of working in a strong control environment
Strong IT and systems skills, able to understand and make best use of site systems
Experience of and proficiency in Financial and Microsoft office applications
QUALIFICATIONS
Chartered Accountant is essential
Minimum 5 years post qualified experience
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