Group Financial Accountant

Job Reference : 002474
Closing Date : 25/11/2018
Salary : up to £45,000 per annum
Department : Finance
Hours Per week : 36.17 hours per week

Best known by our 3 power brands; Simply Be, Jacamo and of course JD Williams, we generated revenues of over £922 million in 2017/2018, with (adjusted) pre-tax profits of £81.6 million.

Our Group Finance function is a key part of the Group, managing a net asset base of over £350m. As we continue to invest in our goal of becoming a leading digital retailer there’s a greater need than ever to ensure that we continue to manage group capital while maximising our investment strategy and cashflows to support future expansion.

As part of the continued development of the wider finance function we are looking to create a new Central Accounting team to deal with core accounting tasks. Resourcing this new team has created a vacancy within Group Financial Control which presents an exciting opportunity for a technically proficient and commercially minded accountant to join the team to maintain the integrity of statutory reporting requirements whilst still delivering commercial insight to the reconciliation and maintenance of our net asset base.

Reporting to the Group Accounts Manager, this role is a key business partner to both the accounting services and financial services teams along with responsibility for ensuring all commercial business partners are both aware and prepared for the impact of changing accounting standards in their financial management.

In addition the role requires some non financial reporting to ensure compliance with FCA and other regulatory requirements. Maintaining Group balance sheets, overseeing Group cash flow forecasting model changes, treasury management including daily cashflow and external borrowing support reporting as well as ensuring that the derivative financial instrument and non current asset reporting meets all accounting standard requirements.

 

What you’ll be responsible for one of our Accountants:

  • Ensure the Group Accounts at period end, half year end and year end continue to meet the requirements of all new and existing accounting standards
  • Complete period end consolidated Group and individual subsidiary balance sheets, reviewing to highlight anomalies and escalate to resolve
  • Completion of work already started to ensure IFRS16 (lease accounting) compliance by FY20, with an estimate of the financial impact at FY19 year end.
  • Manage accounting for all external finance arrangements with the Group’s banks, maintaining and forecasting covenant requirements and overseeing the weekly / monthly reporting requirements in close partnership with the financial services team
  • Ability to calculate, budget and forecast derivative financial instrument assets & liabilities, reporting both balance sheet and income statement disclosures including fx derivative contracts; defined benefit pension scheme; share based payments
  • Preparation and agreement with auditors of all subsidiary annual statutory financial statements with onward submission to Companies House
  • Ad hoc support to Investor Relations team to ensure reporting used in quarterly trading statements and half yearly interim and prelim reporting is consistent with audited annual report and Group accounts
  • Support Group Accounts Manager in half yearly audit processes and statutory reporting
  • Update Group working capital cashflow model every period end to reflect both actuals and commercial finance business partners latest forecasts
  • Finance related account maintenance, reporting, budgeting & forecasting, including. legal & professional, subscriptions, consultancy, group bank interest costs
  • Exceptional cost reporting and reconciliation, liasing with financial services team to manage and reconcile the customer redress provisions and cashflow forecasts
  • Regulatory reporting including FCA, ONS

 

 

What you will need to succeed as a Group Finance Accountant here at N Brown:

  • Formal finance qualification: CIMA/ACA/ACCA
  • Technically astute and an appreciation of applicable financial reporting standards is critical
  • Experience of working in the retail sector would be preferred but not essential
  • Being close to the detail, data driven and analytical whilst also being able to articulate results clearly to non-finance individuals
  • Strong operational delivery track record, motivated to implement/deliver on time to quality standards and build new efficient processes
  • Demonstrated ability to quickly appraise complex situations, identify key issues and make tough, timely decisions
  • Ability to influence and negotiate at all levels of the organisation and experienced in communicating commercial language with a variety of media
  • Naturally inquisitive with a desire to understand a broad range of commercial issues

 

This is a great opportunity for a newly qualified accountant, seeking a significant new career challenge. The ideal candidates should be engaged, adaptable and genuinely interested in the fundamentals of the N Brown business. Candidates should also enjoy interpreting and managing technical / regulatory requirements along with financial data and be comfortable providing proactive insight when issues are encountered together with solutions that can reassure compliance has been achieved within our business.