Senior Technical Accounting Manager

4 weeks ago


London, United Kingdom Transport For London Full time
Senior Technical Accounting Manager045161

Organisation

-Chief Finance Officer

Job

-AccountancyPosition Type-Full Time

Salary – circa £90,000 per annum
Location – Southwark, London SE1 with hybrid working
(Hybrid working within this role enables a balance of 50 per cent of time split between the office and home over a 4-week period. Hybrid working arrangements can evolve subject to business requirements)
Contract – TfL / 12 month Fixed Term Contract

The Role

This Senior Technical Accounting Manager role is a great opportunity to use your significant accounting knowledge as the technical accounting expert for the group.

You'll advise on the accounting implications of complex transactions entered into by TfL. You'll also advise on the implications of changes to financial reporting requirements, including International Financial Reporting Standards (IFRS), the local authority Code and Climate-Related Financial Disclosures. In addition, advising on matters relating to the Prudential Code, Capital Financing Regulations, statutory accounts disclosures and significant areas of audit focus.

Key accountabilities

Leading on the accounting treatment of complex transactions including leases, financing arrangements, sale and leaseback, business acquisitions, equity accounting, hedging, Private Finance Initiative transactions, advising business partners of the accounting and financial implications of proposed contractual arrangements; identifying issues and proposing alternative structures where necessary.
Acting as the main point of contact and co-ordinator for multi-disciplinary projects involving tax, treasury, property development, corporate finance, business services, and modes.
Ensuring that comprehensive pan-TfL group accounting policies are in place, in line with the relevant accounting framework and regulations.
Advising on the implications for the Group of proposed changes in the local authority accounting regulations and IFRS; and ensures TfL Group financial reporting follows all statutory and best practice requirements. Leading on implementation of any new requirements.
Handling the technical content of all statutory financial statements (Group and individual entities), ensuring that all comply with all relevant legislative requirements and that disclosure is complete and accurate.
Coordinating with external auditors on technical accounting matters where necessary. Writing technical accounting papers to support key judgements.
Supporting the Head of Group Financial Accounting & Tax in the establishment of the department as a recognised “centre of Excellence” for the provision of accounting advisory services and robust financial reporting.
Presenting finance wide technical accounting updates and training.

Skills, Knowledge and Experience

Skills

Professional Accounting principles and standards including technical accounting advisory (Expert) - essential Prepare financial transactions, statements and information (Expert) - essential Prepare consolidated financial statements (Expert) - essential Planning and preparing for Audits (Expert) - essential Treasury Financial Accounting principles and standards (Expert) - essential Commercial acumen (Experience) - essential Financial controls (Experience) - essential Excellent communication and presentation skills (Expert) - essential Management reporting and external reporting (Experience) - Desirable Systems and Software (Experience) - Desirable

Knowledge

Professional accounting qualification (e.g. ACCA/ACA/CIMA) - essential Excellent ability to interpret IFRS accounting standards and apply them to complex transactions - essential Good knowledge of local authority standards and financial statutory duties. - Desirable

Experience

Extensive experience in a senior financial accounting position. - essential Significant experience of leading all finance-related aspects of business acquisitions or disposals, including systems acquisition - essential accounting, reporting, liaison with Tax and legal advisors etc. - Desirable Experience of structured finance transactions (e.g. Private Finance Initiatives, and of financial instruments). - essential Experience of working in the Group Finance function of a large organisation with multiple divisions and practical experience of management and statutory consolidations, or equivalent experience of auditing similar organisations. - essential Significant experience of producing or auditing complex published accounts for listed group or similar organisation. - essential Extensive experience of report writing, particularly technical accounting papers and memos. - essential

Equality and Diversity & Inclusion

We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.

Application Process

Please apply using your CV and a two page (maximum) covering letter.
Please think carefully about the skills, knowledge and experience outlined in the job description and ensure your CV and cover letter reflects the requirements of the role you are applying for PDF format preferred, and please don't include any images

The closing date for applications is 20 May 2024 at 2359

Benefits

In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:

Final salary pension scheme 
Free travel for you on the TfL network 
Reimbursement of 75% of the cost of a standard class Ticket for National Rail travel from home or 75% reimbursement on a 28-day flexi ticket
30 days annual leave plus public and bank holidays (delete one)
TfL is committed to work-life balance, operating a hybrid working approach where business and role requirements allow
Private healthcare discounted scheme (optional) 
Tax-efficient cycle-to-work programme
Retail, health, leisure and travel offers 
Discounted Eurostar travel

Fixed term contract opportunity for 12 months
As a fixed term contractor we can offer you a choice of pension arrangements. If you choose not to take our final salary pension scheme you will be paid an allowance on top of your salary, subject to Tax and National Insurance. We will share all the details with you at offer stage and the choice will be yours based on your circumstances. Depending on what you choose you can add up-to 14% to your salary.



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