Director of Financial Reporting
Newly created role, to lead a team of high calibre qualified accountants
Working for a growing medical devices business
The company is a growing medical devices group, who are listed on the FTSE. They have a multi billion turnover, and are in a leading position across their markets. The business has a very strong growth strategy - optimising revenue growth from their impressive portfolio of differentiated products; developing new innovative technologies for the benefit of patients and health care providers; and simplifying the way they operate to reduce complexity and costs, increasing efficiency and freeing up resources for investment. The company has nearly 10,000 employees globally, with 1,000 based in the UK.
The position of Director Financial Reporting is responsible for overseeing the monthly global consolidation, global chart of accounts, governance of the month end close process and delivery of quality assured financial statements. This individual will be a key liaison to the global finance organisation and will have significant interaction with external auditors. Responsibilities will include:
Leadership and development of the Consolidation team
Management of the close to report process across the finance community driving continuous improvement in the end to end process to enable shorter reporting timelines delivering accurate and automated financial reporting
Ensure appropriate governance over the monthly close process to deliver accounts prepared in accordance with the internal timetable.
Manage the monthly multi-site, multi-currency consolidation process ensuring that an appropriate control framework delivers assured consolidated financial statements
Manage the global intercompany eliminations process and ensure that all reconciliations are prepared and reviewed on a timely basis
Lead the preparation and finance-wide communication of the annual month end close calendar
Manage the global chart of accounts, optimising structure and maintaining integrity
Manage the financial accounting process for integrating acquisitions from a financial reporting and consolidation standpoint and embedding changes in accounting standards into the consolidation process
Drive the continued review of reporting from HFM, automating report production wherever possible
Lead the team in delivering financial data for quarterly statements, interim statements and annual report and accounts
Lead the delivery of insightful variance analysis on the monthly balance sheet and cash flow and create a plan to automate this analysis and reporting
Work with the FP&A team to deliver improved management reporting to the Executive and Board
Manage the relationship with the external auditors in relation to the consolidation to support delivery of an efficient audit process at half-year review and year-end audit
Ensure that all processes, reporting and controls are appropriately documented and develop a remediation plan to close any gaps identified.
We are looking to attract qualified accountants who have significant experience of global IFRS consolidation in a multi-site, multi-currency environment. Experience of reporting in a UK PLC environment would be required, as would a demonstrable track record of making improvements to systems and processes.
A salary of between £85,000 and £95,000 with a £9,000 car allowance, a 20% on target bonus, and a strong pension and healthcare offering.