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- Tasks: Lead technical accounting for unique transactions and prepare financial statements.
- Company: Join Prax Group, a dynamic finance team in Weybridge, Surrey.
- Benefits: Enjoy a collaborative environment with opportunities for professional growth.
- Why this job: Make an impact by solving complex accounting issues and refining processes.
- Qualifications: Must be a qualified accountant (ACA/ACCA) with 5+ years of experience.
- Other info: Experience in Oil and Gas is a plus; strong communication skills are essential.
The predicted salary is between 54000 - 84000 £ per year.
Head of Technical Accounting
Weybridge, GB, KT13 0JT
Senior Technical Accountant
Office based in Weybridge, Surrey, UK
Prax Group is currently seeking a high calibre, dynamic and energetic individual to join our finance team as Senior Technical Accountant. The role will take ownership to solve technical accounting issues for emerging significant, non-routine, and/or unique transactions. Responsible for understanding the finer details of proposed or executed transactions through review of available contracts and agreements and collaboration with key cross-functional business partners including our International Accounting teams. The candidate will leverage experience researching relevant accounting guidance to identify key accounting issues and recommend accounting and disclosure requirements for complex (non-routine) transactions and ensure that our accounting policy and accounting estimates are updated timely to reflect all changes. The role is pivotal in preparing the Group consolidated Annual Report and Financial Statements for audit.
Reporting to the Global Head of Commercial Finance, the postholder’s key responsibilities will include but not limited to:
- Undertake in depth technical research, writing guidance papers and accounting policies on IFRS requirements and other reporting developments.
- Responsible for drafting new group accounting policies and reviewing and amending existing ones.
- Manage a wide range of technical accounting and reporting queries from countries across the Group.
- Responsible for reviewing the accounting for financial instruments across the Group.
- Ensure transactions, commercial structures, and key business events are accurately reflected in their financial reporting.
- Dive deep into technical research on complex transactions, providing strategic accounting advice.
- Responsible for the annual tangible and intangible asset impairment exercises, going concern assessment and calculation of the Group’s WACC and discount rates for key business Cash Generating Units.
- Take the lead in refining and streamlining commercial accounting processes and structures.
- Concisely and effectively communicate both verbally and in writing to inform all key stakeholders of the accounting and business implications of transactions, particularly those with limited or no accounting background.
Person Specification and Qualifications:
- Qualified accountant (ACA/ACCA) with at least 5 years of post-qualification experience.
- High level of knowledge of key business tools – MS Office, systems (SAP) and analytical tool.
- Demonstrated knowledge and experience researching and documenting new accounting guidance/policy and the accounting treatment of issues.
- Experience working through ambiguity to communicate clear accounting positions and operational solutions.
- Experience in the Oil and Gas industry an advantage.
- Self-starter, confident with working independently as well as working as part of a team.
- Ability to meet demanding deadlines and adapts to business needs.
- Excellent time management/organisational and multi-tasking skills.
- Solution-oriented technical accountant with a commercial mindset.
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Head of Technical Accounting employer: Prax Group
Contact Detail:
Prax Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Technical Accounting
✨Tip Number 1
Familiarize yourself with IFRS requirements and recent reporting developments. This knowledge will be crucial in demonstrating your expertise during the interview process, especially when discussing complex transactions.
✨Tip Number 2
Highlight your experience in managing technical accounting queries across different countries. Be prepared to share specific examples of how you've navigated ambiguity and provided clear accounting solutions in your previous roles.
✨Tip Number 3
Showcase your ability to communicate effectively with stakeholders who may not have an accounting background. Practice explaining complex accounting concepts in simple terms, as this will be a key part of the role.
✨Tip Number 4
Demonstrate your proactive approach to refining and streamlining accounting processes. Think of examples where you've successfully implemented changes that improved efficiency or accuracy in financial reporting.
We think you need these skills to ace Head of Technical Accounting
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities and requirements of the Head of Technical Accounting position. Tailor your application to highlight your relevant experience in technical accounting and your ability to handle complex transactions.
Highlight Relevant Experience: In your CV and cover letter, emphasize your qualifications as a qualified accountant (ACA/ACCA) and your post-qualification experience. Provide specific examples of how you've managed technical accounting issues and contributed to financial reporting in previous roles.
Showcase Research Skills: Demonstrate your ability to conduct in-depth technical research by including examples of guidance papers or accounting policies you have drafted. Mention any experience with IFRS requirements and how you have navigated complex accounting scenarios.
Communicate Effectively: Since the role requires clear communication with stakeholders, ensure your application reflects your ability to convey complex accounting concepts in an understandable way. Use concise language and structure your documents clearly to showcase your communication skills.
How to prepare for a job interview at Prax Group
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with IFRS requirements and how you've handled complex accounting issues in the past. Highlight specific examples where you provided strategic accounting advice or drafted new accounting policies.
✨Demonstrate Your Research Skills
Since the role involves in-depth technical research, come ready to talk about how you've approached researching accounting guidance in previous roles. Share any guidance papers or policies you've written to showcase your ability to document new accounting treatments.
✨Communicate Clearly and Effectively
You'll need to convey complex accounting concepts to stakeholders with varying levels of understanding. Practice explaining technical topics in simple terms, and be ready to provide examples of how you've successfully communicated these ideas in the past.
✨Emphasize Your Problem-Solving Skills
The role requires a solution-oriented mindset. Prepare to discuss situations where you've navigated ambiguity and developed clear accounting positions. Highlight your ability to adapt to changing business needs and meet demanding deadlines.
