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- Tasks: Lead a team of accountants, manage financial reporting, and ensure compliance with regulations.
- Company: Thames Water is the UK's largest water and wastewater company, serving over 16 million customers.
- Benefits: Enjoy a competitive salary, generous leave, car allowance, annual bonus, and private healthcare.
- Why this job: Make a real impact on communities while advancing your career in a diverse and supportive environment.
- Qualifications: Must have an accounting qualification, experience with SAP and HFM, and managerial experience.
- Other info: This is a fixed-term contract for 12-18 months, offering hybrid work options.
The predicted salary is between 52000 - 58000 £ per year.
Job title: Financial Accounting Manager
Ref: 40017
Division: Finance & Commercial
Location: Reading – Clearwater Court – RG1 8DB
Contract type: Fixed term/Secondment
Full/Part-time: Full-time
Salary: Offering between £65,000 to £72,000 per annum depending on experience
Job grade: C
Closing date: 07/03/2025
The Financial Accounting Manager is responsible for leading a team of Management accountants performing general accounting functions for the Operations Business in addition to the communication and promotion of financial position, insight, governance and control within the business.
This includes the responsibility for the accurate monthly, periodic and annual financial and regulatory reporting, providing insightful analysis of outputs, run rates and efficiencies across both operational and capital expenditure in conjunction with operational performance metrics.
What you’ll be doing as a Financial Accounting Manager:
- Leading a small team of management accountants; taking responsibility for their progression and development; ensuring all tasks are completed within agreed timescales and to a high quality.
- Govern and approve the period close financials for Capital income, Opex and Capex in accordance with the agreed close schedules and timetables.
- Lead the coordination and preparation of the regulatory accounting returns within the Asset Operations and Capital Delivery business area.
- Complete impairment assessment and fixed asset register clean up for half year and year end reporting.
- Utilize technical knowledge to support the wider Asset Operations and Capital Delivery with accounting queries and writing accounting papers.
- Ensure capital recharges are appropriate and that the business gets the best value for the allowed spend (in readiness for viewing costs on a Totex basis within Operations).
This is a fixed term contract 12 – 18 months (Maternity Cover).
Working pattern: 36 hours
What you should bring to the role:
- Systems experience with SAP and HFM.
- Demonstrate thorough knowledge of accounting principles, systems, and procedures.
- Experience in a leading or managerial role.
- Excellent knowledge of financial statements.
- Knowledge and understanding of IFRS.
What’s in it for you?
- Competitive salary: from £65,000 to £72,000 per annum depending on experience.
- Annual Leave: 26 days holiday per year increasing to 30 with the length of service (plus bank holidays).
- Annual Bonus.
- Generous Pension Scheme through AON.
- Private Medical Health Care.
- Access to lots of benefits to help you take care of you and your family’s health and wellbeing, and your finances – from annual health MOTs and access to physiotherapy and counselling, to Cycle to Work schemes, shopping vouchers and life assurance.
Thames Water is a unique, rewarding and diverse place to work, where every day you can make a difference, yet no day is the same. As part of our family, you’ll enjoy fast-tracked career opportunities, flexible working arrangements and excellent benefits.
Whether you’re interested in a role in one of our call centres or science labs, we’re looking for people like you with real passion and a burning desire to make things better.
So, if you’re looking for a sustainable and successful career where you can make a daily difference to millions of people’s lives while helping to protect the world of water for future generations, we’ll be here to support you every step of the way. Together, we can build a better future for our customers, our region and our planet.
Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.
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Financial Accounting Manager employer: Thames Water Utilities Limited
Contact Detail:
Thames Water Utilities Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Accounting Manager
✨Tip Number 1
Make sure to highlight your leadership experience in your conversations. As a Financial Accounting Manager, you'll be leading a team, so demonstrating your ability to manage and develop others will set you apart.
✨Tip Number 2
Familiarize yourself with the specific financial reporting requirements and regulations relevant to the water industry. This knowledge will show that you're not just qualified, but also genuinely interested in the sector.
✨Tip Number 3
Prepare to discuss how you've utilized SAP and HFM in previous roles. Being able to provide concrete examples of how you've used these systems effectively will demonstrate your technical proficiency.
✨Tip Number 4
Engage with current employees or alumni from Thames Water on platforms like LinkedIn. Understanding their experiences can give you valuable insights into the company culture and expectations, which you can leverage during your discussions.
We think you need these skills to ace Financial Accounting Manager
Some tips for your application 🫡
Highlight Your Qualifications: Make sure to clearly state your accounting qualification in your application. This is a must-have for the Financial Accounting Manager role, so don't forget to emphasize it.
Showcase Relevant Experience: Detail your experience in leading or managerial roles, especially in financial accounting. Provide specific examples of how you've managed teams and ensured high-quality outputs.
Demonstrate Technical Knowledge: Include your familiarity with SAP and HFM systems in your application. Mention any relevant projects or tasks where you utilized these systems effectively.
Connect Operational and Financial Performance: Illustrate your understanding of the relationship between operational and financial performance. Use examples from your past work to show how you've driven performance in this area.
How to prepare for a job interview at Thames Water Utilities Limited
✨Showcase Your Leadership Skills
As a Financial Accounting Manager, you'll be leading a team. Be prepared to discuss your leadership style and provide examples of how you've developed and supported your team in the past.
✨Demonstrate Technical Knowledge
Make sure to highlight your accounting qualifications and experience with systems like SAP and HFM. Be ready to discuss specific accounting principles and how you've applied them in previous roles.
✨Prepare for Financial Reporting Questions
Since the role involves regulatory accounting returns and financial reporting, brush up on your knowledge of IFRS and be prepared to discuss your experience with financial statements and reporting processes.
✨Understand the Business Context
Familiarize yourself with Thames Water's operations and how financial performance ties into operational metrics. Showing that you understand the relationship between finance and operations will set you apart.
