Connecting to LinkedIn...

Group Reserves Accountant

Job Title: Group Reserves Accountant
Contract Type: Permanent
Location: Bristol
Industry:
Salary: 40000 - 50000
REF: AM114
Contact Name: Anthony McCormack
Contact Email: anthony@macstaff.co.uk
Job Published: 6 months ago

Job Description

Job Title Group Reserves Accountant

Role Business Services Location Bristol

 

The role

The main responsibilities of the role include:

The Group Reserves Accountant's function is to assist key people in the Tax, Treasury and Reserves Team and the wider finance team in understanding how the profit and tax from each of the Group entities affects the individual members of the UK LLP and to reconcile and control the underlying accounting records of the balance sheet reserves. There is a strong emphasis on cash-flow management skills. The Group Reserves Accountant will need to:

• Develop an understanding of the group structure and its associated entities. These include the UK LLP, overseas partnerships, UK and overseas corporates which are mostly owned by the UK LLP but there are also some shared ownerships with local overseas partners
• Develop an understanding of where the consolidated profits have originated from and how and when the tax on these profits are due (detailed knowledge of these taxes is not essential although would be useful)
• Develop an understanding of taxes in UK and overseas jurisdictions and how those taxes affect the UK members and corporate shareholders
• Provide and review monthly reporting inputs, in conjunction with the Partnership Tax Accountant and Group Management Accountant, relating to the bottom half of the balance sheet accounts and building new reconciliations as required by the Reporting and Controlling Team
• Provide and review monthly reconciliations for corporation tax, dividend tax, equity adjustments, retained earnings and STRGL
• Understand how the above is reflected in our accounting system and ensure all relevant postings are made to the nominal ledgers
• Prepare PSWT documentation, calculating the tax to be reclaimed, and ensure relevant postings are made to nominal ledgers
• Prepare the notes for the annual financial statements in relation to members' interests

In addition, the Group Reserves Accountant will need to:

• On an annual basis, work with the Partnership Tax Accountant to carry out the iXBRL tagging of the statutory accounts for the corporate entities
• Assist in the collating of data required for the preparation of the LLP and corporate entity tax returns
• Assist the VAT Manager in the preparation of VAT returns
• Reporting on Treasury management to include cash flows, Forex and Euro movements
• Build strong links with the Reporting and Controlling team
• Update systems notes at least annually
• Assist with the annual budgetary process and monitoring spend throughout the year
• Assist the Senior Partnership Tax Accountant on group transfer pricing arrangements
• Performing ad hoc tasks and projects as delegated by the Senior Partnership Tax Accountant

Key skills

• Qualified accountant (ACCA, ACA). This experience will have ideally been gained in a professional services environment where a familiarity with the challenges of client delivery will have been obtained
• A strong background and knowledge of reserves / retained earnings within a LLP or Corporate environment
• A strong background in balance sheet reconciliation, preferably bottom half of the balance sheet
• Complex trading LLP and Consolidated accounts experience is desirable
• Able to communicate confidently both orally and in writing at all levels and to convey complex financial and accounting concepts in a clear, straightforward manner
• Must be a highly motivated self-starter, able to work well within a team environment
• Strong skills in Excel are required
• IT literate with good knowledge of current accounting system technology. Experience of working with the Elite accounting system, IRIS and tax software (CCH) would be an advantage
• Able to be flexible in terms of a changing environment and constantly changing workload
• Organised and able to handle multiple demands and deadlines simultaneously

About the firm

One of the most comprehensive UK legal networks with coverage across Europe, Latin America, North America and Asia-Pacific. We provide a full service claims, transactional, commercial, risk and advisory capability. We work with clients in a select range of industry sectors and are market leaders in health, insurance and real estate. We are agile, progressive and easy to engage with.

We are committed to supporting the communities where we operate through charitable giving, pro bono work and programmes such as those operated by Business in the Community and The Prince's Trust.

Holds certification under ISO9001, the quality assurance standard and ISO27001, the information security standard, and Gold Investors in People award.