At a Glance
- Tasks: Lead the creation of top-notch accounting policies and ensure financial reporting integrity.
- Company: Join Allwyn UK, a leading lottery operator committed to social good and inclusivity.
- Benefits: Enjoy a diverse workplace with opportunities for growth and impactful work.
- Why this job: Be part of a transformative journey that enhances the National Lottery for good causes.
- Qualifications: Must be ACA, ACCA, CIMA or ACT qualified with 5+ years of relevant experience.
- Other info: Allwyn values diversity and encourages applications from all backgrounds.
The predicted salary is between 43200 - 72000 £ per year.
About us:
We are Allwyn UK, part of the Allwyn Entertainment Group – a multi-national lottery operator with a market-leading presence in Austria, the Czech Republic, Greece, Cyprus and Italy. In the UK we are the operator of the National Lottery with a 10 year license that started in February 2024.
We’ve developed ground-breaking technologies, built player protection frameworks, and have a proven track record of making lotteries better. Our aim is to create one of the UK’s most inclusive organisations – where people can bring the best of themselves, to do their best work, every day, for the benefit of good causes.
While the main contribution of the National Lottery to society is through the funds to good causes, at Allwyn we put our purpose and values at the heart of everything we do. Join us as we embark on a once-in-a-lifetime, largescale transformation journey to build a bigger, better, and safer National Lottery that delivers more money to good causes.
Role Purpose:
This role sits within the Financial Accounting team within Finance, reporting to the Reporting Financial Controller, who has a team of 6 accountants and 1 graduate trainee. The team reports into the Head of Financial Control. The Financial Accounting Team ensures the reporting integrity of our Group and Statutory accounts through robust accounting and controls.
Role Responsibilities:
- Reporting to the Reporting Financial Controller, with primary responsibility for creating best-in-class robust accounting policies for Allwyn.
- Collaborate with and get buy-in from internal stakeholders across Finance to inform understanding enabling the delivery of the most appropriate accounting standards.
- Where you have identified a need to change accounting estimates, ensure that the Head of Financial Control, Finance Director and Commercial Finance Director are fully informed including communication of the financial impacts.
- Introduce a robust balance sheet reporting and monitoring process to include random sampling, reporting of risks and opportunities and updating the existing policy.
- Create a centralised accounting policies library that all finance colleagues can access.
- Be the go-to technical expert for all IFRS accounting queries.
- Deliver regular reports and updates to senior leaders on the progress and evolution of accounting policies including any financial impacts from changes to policies or accounting estimates.
- In relation to the above, support the commercial team by tracking and regular reporting of the impacts of adopting changes to accounting policies or estimates.
- Overseeing the production of accounting memos and providing high level technical accounting guidance, you will also challenge and align with auditors.
- Provide analysis and recommendations to Allwyn from an operational and reporting standard.
- Ensuring a robust control environment exists and drive continuous process improvements.
- Preparation of the annual Financial Statements under IFRS.
Key Skills and Experience:
- ACA, ACCA, CIMA or ACT qualified.
- Strong academics; University and A levels.
- At least 5 years PQE, ideally from a similar role.
- Strong stakeholder management with the ability to forge strong relationships across the business.
- Excellent communication skills and confidence to provide constructive challenge where necessary.
- Experience of using SAP desirable.
- High level of integrity and independence whilst also able to successfully partner with the business in meaningful ways through building trusting relationships and connections.
- Must be self-motivated and a self-starter.
Our goal is to create one of the UK’s most inclusive organisations – where people can bring the best of themselves, to do their best work, every day, for the benefit of good causes.
Allwyn is an Equal Opportunity Employer which prides itself in being diverse and inclusive. We do not tolerate discrimination, harassment, or victimisation in the workplace. All employment decisions at Allwyn are based on the business needs, the job requirements, and the individual qualifications. Allwyn encourages applications from individuals regardless of age, disability (visible or hidden), sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.
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IFRS Finance Manager employer: Allwyn UK
Contact Detail:
Allwyn UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land IFRS Finance Manager
✨Tip Number 1
Familiarize yourself with IFRS standards and recent changes in accounting policies. This will not only help you in the interview but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the finance sector, especially those who have experience with IFRS and financial reporting. Engaging with them can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully managed stakeholder relationships in previous roles. Highlighting your communication skills and ability to challenge constructively will resonate well with the hiring team.
✨Tip Number 4
Research Allwyn UK and its mission to create a more inclusive organization. Understanding their values and how they align with your own will help you articulate why you're a great fit for the team.
We think you need these skills to ace IFRS Finance Manager
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the IFRS Finance Manager position. Understand the key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to highlight relevant experience, particularly in financial accounting and IFRS standards. Emphasize your qualifications (ACA, ACCA, CIMA, or ACT) and any specific achievements that demonstrate your ability to manage stakeholder relationships and implement robust accounting policies.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also reflects your understanding of Allwyn's mission and values. Mention your commitment to inclusivity and how you can contribute to the transformation journey of the National Lottery.
Showcase Communication Skills: In both your CV and cover letter, provide examples of your excellent communication skills. Highlight instances where you've successfully collaborated with stakeholders or provided constructive challenges, as these are crucial for the role.
How to prepare for a job interview at Allwyn UK
✨Understand the Company’s Mission
Before your interview, take some time to familiarize yourself with Allwyn's mission and values. Understanding their commitment to inclusivity and good causes will help you align your answers with their goals.
✨Showcase Your Technical Expertise
Be prepared to discuss your experience with IFRS and any relevant accounting policies you've developed. Highlight specific examples where you've successfully implemented changes or improvements in financial reporting.
✨Demonstrate Stakeholder Management Skills
Since this role requires strong stakeholder management, think of examples where you've built relationships across different teams. Be ready to explain how you navigated challenges and communicated effectively with various stakeholders.
✨Prepare for Technical Questions
Expect technical questions related to accounting standards and practices. Brush up on your knowledge of IFRS and be ready to provide insights on how you would handle specific accounting scenarios or challenges.