The London Finance team are responsible for the preparation of the local Corporate Office entities financial information, including preparation of the management accounts, budgets and forecasts, as well as the annual statutory accounts.
This role provides key support to the Head of Group Reporting, Group Financial Controller and CFO acting as a key contact for the financial performance of the local Corporate Office entities.
The Senior Finance Manager is responsible for all of the day-to-day accounting, reporting and forecasting for the Pepco Group Corporate Office legal entity. This entity includes loans, share schemes, investments, intercompany relationships and management services and so provides a great opportunity to manage all the fundamentals of a general ledger along with engaging in some more advanced accounting. The results are then reported to several different stakeholders in different formats and an integrated income statement, balance sheet and cash flow forecast is produced.
Although the key parts of the role will focus on ‘Business as Usual’, there are a number of ongoing projects and a constant need for ad hoc analysis. Recent and ongoing projects include, refinancing, IFRS 16 implementation, improvements in month end close processes and financial reporting, implementing a single Group Accounting Policy Manual and a single chart of accounts across the Group etc.
Key Responsibilities include:
- Annual budgeting, monthly financial reporting and forecasting, and statutory reporting for the Corporate Division (corporate entities and holding company).
- Overseeing the day to day accounting for the Corporate Office Entity including maintaining accounts payable, expenses, business banking, closing the books including month end accruals and prepayments.
- Reviewing reconciliations for balance sheet accounts on a regular basis to ensure accurate records are kept.
- Reviewing and analysing the monthly management accounts including actual v budget/forecast analysis for income statement, balance sheet and cash flow.
- Using FCCS (Group reporting consolidation tool) to ensure that monthly management accounts, budgets and forecasts are appropriately included within the Group reporting tool.
- Reviewing the Corporate office VAT and Corporate Tax compliance.
- Working closely with Group treasury to ensure correct recording of intercompany loans, external loans and derivatives within the Corporate Office entities.
- Reviewing and completing group reporting formats for Corporate Office entity and some other small Group entities including additional disclosure information.
- Managing the annual statutory audit deliverables for the Corporate office entities and other small entities.
- Reviewing the weekly cash forecast and actual submissions to Group treasury.
- Management of Corporate departmental costs: setting the budget, maintaining tight cost control, reforecasting and analysing risks and opportunities to support Group FP&A .
- Presenting annual Corporate Centre Budgets to Group CEO/ CFO and provision of support to Finance Leadership Team for their functional budgets and forecasts.
- Supporting on the IFRS 16 implementation for Corporate Office to ensure that lease agreements are included appropriately.
- Ad hoc involvement in and analysis for Group projects.
Qualifications & Experience:
- Qualified accountant (ACA, ACCA or CIMA)
- Solid understanding of IFRS and UK Gaap accounting and ability to work with financial systems (preferably Oracle Fusion)
- Understanding how financial statements are prepared
- A good understanding of the requirements of operating in a public company
Why choose us?
- Competitive compensation package (including variable bonus scheme)
- Enhanced family-friendly benefits, healthcare, and life assurance, pension scheme
- In-store discounts along with exclusive discounts through our colleague's online benefits portal
- Access to Employee Assistance to support your well-being.