Group Accountant

Location

Holborn Store Support Centre and Home

Hours

Full-time

Contract Type

Permanent

Salary

Competitive plus benefits

Areas of business

Finance and Accounting

Job ID

21000KFR

Google Map of 33+Holborn,+London,+Holborn+Store+Support+Centre+and+Home,+EC1N+2HT

Sainsbury's Supermarkets Ltd, 33 Holborn, London, EC1N 2HT

Job Description

In a nutshell

A key member of the Group Finance team, owning the financial accounting for a portfolio of Group companies, as well as a number of technical areas.  In addition this individual will work closely with the Senior Finance Manager – Group Reporting and Senior Finance Manager – Consolidation in producing the consolidated Group results on a periodic, half year and full year basis.

What you need to do

GROUP COMPANY FINANCIAL ACCOUNTING

Maintenance of accounting records for a portfolio of Group companies

Ownership and reconciliation of allocated balance sheet accounts

Assistance with accounting for property, financing and tax structures in line with business requirements

Management of accounting integration for relevant acquisitions and disposals

SUBSIDIARY STATUTORY ACCOUNTS PREPARATION PROCESS

Preparation of the Group’s subsidiary statutory accounts

Liaise with external auditors and the internal Group Reporting team to ensure statutory accounts are prepared and audited within the set timelines

Ensure the Group’s statutory accounts are filed with Companies House on a timely basis

TECHNICAL AREA OWNERSHIP

Be a subject matter expert for a specific accounting area e.g. pensions, cash flow, share based payments etc.

Own all accounting entries for subject area.

Ensure correct presentation of subject area in Group accounts

GROUP CONSOLIDATION

Assist with the production of the Group’s periodic management accounts, ensuring all consolidation journals are posted and reconciled

Assist with the intercompany process ensuring that all Group balances are accurately reconciled and agreed on a periodic basis

Ensure that the Group companies’ management accounts are uploaded into Hyperion

Preparation of cash flow statement and related commentary

BUDGETING & FORECASTING

Manage the budgeting and forecasting process for the Group’s subsidiary entities in conjunction with relevant divisions and provide meaningful analysis and commentary

Manage the budgeting & forecasting process for the allocated balance sheet accounts

OTHER

Perform a high standard of ad hoc analysis to support the CFO and Director of Group Finance which identifies key issues and opportunities for improvement

Input into the Annual Report and Half year process including ownership in the preparation of financial statement notes

Demonstrate the use of judgment in calculating, presenting and arguing the application of accounting standards to the Group; ensuring that balanced arguments are presented in formal papers to external auditors

In conjunction with the Senior Finance Manager – Group Reporting, ensure the business is up to date and fully prepared for all new financial/accounting standard changes/interpretations under International Accounting Standards, providing briefing papers, interpreting technical accounting concepts to Sainsbury’s position

Provide technical accounting support to wider business projects on an ad hoc basis.

What you need to know and show

Qualified accountant with good knowledge of IFRS standards

Self-starter who can work independently with minimal support

Good systems skills (Excel, Oracle & Hyperion)

Excellent communication and influencing skills

Able to demonstrate a strong customer service ethic

A critical eye for detail.

The ability to work under pressure – providing accurate high quality work under tight deadlines

What decisions I can make including budget

Identify and apply correct accounting treatment for your technical areas and entities

Support we will provide

Working as part of a group reporting team with significant collective experience and expertise

Access to technical guidance from Big4 consulting and audit teams where necessary

Access to Finance development programme, including regular bitesize sessions, lunch & learns and accounting technical update sessions

Work-life balance is important to us, so we offer our colleagues as much flexibility as possible in line with the needs of their role. We trust them to decide how, where and when they work, combining remote and collaborative working with a flexible approach to hours, giving them plenty of time and space for life outside of work whilst delivering against our business goals. 

 

#LI-BB1