Financial Reporting Manager
Contribute to an organisation that is the home to some of petrochemicals most innovative and cutting-edge operations, with two world-scale acetyl plants. We are the largest producers of acetic acid in Europe. The whole chain of chemicals production is managed in Hull, from research to manufacturing, logistics and sales.
We have an exceptional opportunity for a highly independent and results-orientated Finance professional to join the organization as our Financial Reporting Manager. The role is based in our Knightsbridge office, and reports to our Global Finance Controller.
About the Opportunity
Our Financial Reporting Manager is accountable for working with our global finance teams to prepare the monthly reporting on EBITDA, PAT and cash flow for Actuals and forecast as well as the annual budget. You’ll produce and coordinate the timely submission of the monthly financial statements to Hyperion (Group consolidation tool) working closely with local team to ensure the financial reporting is aligned with the management reporting. The preparation of the annual statutory financial statements, including external disclosure notes for 4 UK legal entities and coordinate end-to-end delivery of the statutory accounts also falls within this roles remit.
We’re keen to improve and enhance how we do things so there’ll be plenty of opportunities for you to translate ideas into action, helping to develop, improve and maintain our financial reporting models for our Group reporting needs.
- Work with the global finance teams to prepare the monthly reporting on EBITDA, PAT and cash flow for Actuals and forecast as well as the annual budget.
- Produce and coordinate the timely submission of the monthly financial statements to HFM (Group consolidation tool) working closely with local team to ensure the financial reporting is aligned with the management reporting.
- Oversee the transactional activities of Accounts Payable/Receivable, Treasury and general ledger.
- Preparation of the annual statutory financial statements, including external disclosure notes for 4 UK legal entities and coordinate end-to-end delivery of the statutory accounts.
- Prepare and manage the year-end audit process, including methodology to test assets for impairment including Goodwill, tax and pension adjustments. Act as liaison and key point of contact with the external auditors.
- Maintain a robust control environment to ensure accuracy of financial information reported to group, including management of leases under IFRS 16, tax and pension postings.
- Oversee the consolidation of the weekly cash flow submission and submit to Group, adhering to the Group timetable.
- Support local finance team with the distribution of dividend from Joint venture, including producing legal documentation.
- Provide leadership and coaching to direct report and Controllers, to ensure capabilities are maintained, process improvements are continually achieved and individual skills are developed to provide the knowledge and skills necessary to ensure high professional standards.
- Identify and develop opportunities to standardise processes, integrate multiple business/regulatory requirements, and extend information availability within financial reporting systems. Promote the sharing of best practices within the local organisation.
- Work with INEOS Group financial team to ensure that Acetyls financial information reconciles with, and meets the needs for, public reporting (publicly traded debt securities).
- Work with other functions to provide information, share knowledge and understanding of data as and when required.
- Periodically perform other financial duties, projects and activities as required by the Acetyls CFO and Global Controller.
You’ll possess strong technical finance experience, (ACA / ACCA or other accounting qualification preferred), together with significant post-qualification experience. Expert knowledge of SAP and HYPERION.
Comprehensive technical accounting knowledge and strong understanding of the integrated nature of financial reporting, with a strong working knowledge of regional GAAP rules, to be capable of understanding local country results and consolidate into global results.
Great stakeholder engagement and communication skills coupled with a flexible approach to provide support to our global business.
A self-starter, you should be a confident communicator who can work with people at all levels of the organisation and beyond. You’ll be able to manage multiple priorities and deliver projects on time, with very little prompting and guidance.
Cultural fluency and experience of working within a large matrix organisation would be advantageous and if you have experience of working within the petrochemicals or energy sector again, that would be useful.
This is an excellent role for an experienced and suitably qualified finance professional who wants to join a leader in its sector.