At a Glance
- Tasks: Lead group financial reporting, ensuring accuracy and integrity across all business units.
- Company: Join a dynamic Private Equity backed organisation in The Midlands, focused on growth and innovation.
- Benefits: Enjoy a competitive salary of £85,000 - £95,000 plus additional benefits.
- Why this job: Be part of a collaborative culture that values continuous improvement and professional development.
- Qualifications: Must be ACA qualified with strong audit experience and expertise in group consolidations.
- Other info: Opportunity to manage and mentor a financial reporting team while driving efficiency.
The predicted salary is between 85000 - 95000 £ per year.
Job Description
Broster Buchanan are delighted to be exclusively partnering with a growing Private Equity backed organisation based in The Midlands, who are looking to recruit a Head of Group Financial Reporting, on a permanent basis. The Head of Group Financial Reporting will lead the consolidated financial reporting for the group, ensuring the integrity and accuracy of financial statements across all business units. They will own the monthly consolidation of the group’s primary financial statements (P&L, Balance Sheet, and Cash Flow), coordinating three-statement budgeting and forecasting, and deliver board-level reporting and investor updates. This role will also support the financial reporting aspects of the onboarding and integration of acquisitions, including the hive-up process of acquired entities and ensuring alignment with group reporting standards. Responsibilities:
- Lead the monthly consolidation and reporting of group financials (P&L, BalanceSheet, Cash Flow).
- Own the preparation and coordination of board and investor reporting packswith insightful financial analysis.
- Ensure timely and accurate month and year-end close periods.
- Maintain accuracy of group-level balance sheet reconciliations.
- Work closely with treasury to support group cash flow forecasting and liquiditymanagement
- Manage the financial reporting element of all acquisition onboarding.
- Manage the hive-up process to integrate acquired entities into group reporting.
- Align new entities with group policies, processes, and controls.
- Support due diligence and post-acquisition financial integration.
- Oversee and coordinate three-statement budgeting and forecasting.
- Provide robust financial challenge and guidance during planning cycles.
- Ensure alignment between operational forecasts and strategic financial plans.
- Deliver high quality financial analysis to support group wide decision makingand performance management.
- Identify trends, risks and opportunities across the group.
- Ensure compliance with relevant accounting standards and FCA regulations.
- Develop, implement, and monitor internal financial controls.
- Lead internal audits to ensure sound financial control, risk mitigation and thataudit recommendations are implemented.
- Stay up to date with relevant accounting standards and FCA regulations.
- Core member of the team delivering the annual external audit.
- Continuously evaluate, challenge and improve financial reporting,consolidation, and control processes to drive efficiency and accuracy.
- Implement best practices and new technologies to improve group widefinancial management.
- Manage and mentor financial reporting team
- Foster a culture of continuous improvement, collaboration and development.
- Collaborate cross-functionally to support business goals.
The successful Candidate will be an ACA Qualified individual who has a strong Audit background and extensive experience in group consolidations, reporting and internal controls. They will possess demonstrable ability to implement and manage financial control across multiple entities, as well as proficiency in finance systems and consolidation tools, such as Microsoft Dynamics. Any experience of acquisition accounting and the onboarding and integration of acquired entities would be advantageous. Our Client is offering a salary of £85,000 – £95,000 + Benefits.
Head of Group Financial Reporting employer: Broster Buchanan Ltd
Contact Detail:
Broster Buchanan Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Group Financial Reporting
✨Tip Number 1
Network with professionals in the finance and private equity sectors. Attend industry events or webinars where you can meet people who work in similar roles. This can help you gain insights into the company culture and expectations, which can be invaluable during interviews.
✨Tip Number 2
Familiarise yourself with the latest accounting standards and FCA regulations relevant to financial reporting. Being well-versed in these areas will not only boost your confidence but also demonstrate your commitment to staying updated in a rapidly changing field.
✨Tip Number 3
Prepare to discuss your experience with group consolidations and internal controls in detail. Be ready to provide specific examples of how you've successfully managed financial reporting processes and improved efficiencies in previous roles.
✨Tip Number 4
Showcase your leadership skills by discussing how you've mentored teams or led projects in the past. Highlighting your ability to foster a culture of continuous improvement and collaboration will resonate well with the hiring team.
We think you need these skills to ace Head of Group Financial Reporting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in financial reporting, group consolidations, and internal controls. Use specific examples that demonstrate your ability to manage financial processes across multiple entities.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your ACA qualification and how your audit background aligns with the responsibilities of the Head of Group Financial Reporting position.
Highlight Relevant Skills: Emphasise your proficiency in finance systems and consolidation tools, particularly Microsoft Dynamics. Mention any experience you have with acquisition accounting and onboarding processes, as this is advantageous for the role.
Showcase Leadership Experience: Since the role involves managing and mentoring a financial reporting team, include examples of your leadership experience. Discuss how you've fostered a culture of continuous improvement and collaboration in previous roles.
How to prepare for a job interview at Broster Buchanan Ltd
✨Showcase Your Technical Expertise
As the Head of Group Financial Reporting, you'll need to demonstrate a strong understanding of financial reporting standards and consolidation processes. Be prepared to discuss your experience with P&L, Balance Sheets, and Cash Flow statements, as well as any specific tools like Microsoft Dynamics that you've used.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios, especially regarding acquisitions and integration processes. Think of examples from your past where you successfully managed financial reporting during a merger or acquisition.
✨Highlight Leadership and Mentoring Skills
This role involves managing and mentoring a financial reporting team. Be ready to share your leadership style and how you've fostered a culture of continuous improvement and collaboration in previous roles.
✨Demonstrate Strategic Thinking
The position requires alignment between operational forecasts and strategic financial plans. Prepare to discuss how you've contributed to high-level decision-making and performance management in your previous positions, showcasing your ability to identify trends, risks, and opportunities.