Group Accountant

5 days ago

Cambridge, United Kingdom Robert Half Full time

This an exciting opportunity to join a scale up business in a key role within the Group Accounting function. From a revenue point of view the role will be responsible for setting the group accounting policies for revenue, supervising the relevant stakeholders,and ensuring ongoing compliance with IFRS 15 through the development of solid technical abilities and monitored controls across the group. This role has a balance between ensuring technical compliance, whilst also working proactively with the sales and seniormanagement team to ensure that contracts have the correct structure to ensure optimum and accurate revenue recognition. The role will also take full responsibility for the project cost accounting needs of the Group, responsible for the timely and accurateprocessing and reporting of internal costing data relating to the projects being deployed by the Group.

**Revenue accounting**
- Ensuring high technical standards and accounting compliance across the group in line with IFRS 15
- Preparation of IFRS15 papers for the Group's various contracts with customers, and monitoring of actual revenue recognized against each contract on a monthly basis
- Reviewing large and complex contracts in accordance with IFRS15, and working with the local financial controller/financial accountant on areas of accounting complexity
- Providing technical guidance and support and response to ad hoc queries from group finance, local controllers and the Commercial and Sales functions
- Maintaining the group project costing calculations
- Being responsible for revenue recognition policies and updates to the Group Accounting Procedures
- Supporting local and regional controllers in revenue recognition under IFRS 15 Contracts with Customers
- Proactively working with local sales team on bids and quotes and commercial contract management
- Working with procurement team to negotiate best credit terms and prices with suppliers
- Ensuring compliance with the Group's minimum internal control framework
- Liaising with external auditor and ensuring groupwide compliance is met
- Revenue forecasting

**Project cost accounting**
- Liaise with Finance, Operations, Manufacturing and Engineering to prepare all costing data relating to the projects being deployed by the Group
- Liaise with Engineering to establish a robust timesheet reporting system to monitor all engineering costs relating to R&D and customer projects
- Work with manufacturing to agree accurate Bill of Materials (BOM) for all products being sold by the Group
- Preparation of Group financial budgets to support business plan
- Analysis of spending variances against budget
- Cost of sales and gross margin analysis and monthly reconciliation of stock
- Project p&l and cashflow reporting
- Liaise with Senior Management Team to deliver key performance metrics and support the delivery of strategic objectives
- KPI management
- Scenario planning

**Other**
- Preparation of Group warranty provision
- Working with sales team and oversee sale invoice process and monitoring customer payments for UK trading subsidiary
- Review POs to suppliers for UK trading subsidiary
- Attending Product Build meetings
- Act as one of the primary contacts for the Group year end audit
- Ad hoc projects to assist Group CFO

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