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- Tasks: Lead the preparation of financial statements and tackle complex accounting topics.
- Company: Join a prestigious global finance team at Chanel Limited.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative culture with opportunities for continuous improvement and career growth.
- Why this job: Make an impact by ensuring accuracy in financial reporting and compliance with IFRS.
- Qualifications: Qualified ACA or equivalent with 2+ years in group accounting; Big 4 experience preferred.
The predicted salary is between 70000 - 90000 £ per year.
About the Role
The Lead, Financial Reporting and Technical Accounting is part of the Global Financial Reporting and Accounting Team, supporting quarterly and annual reporting, including the preparation of Group financial statements in accordance with IFRS. The role focuses on technical accounting topics, maintaining accounting policies and preparing accounting memos on complex and large transactions.
Key Responsibilities
- Take a leading role in the preparation process of the Annual Financial Statements of the Chanel Limited Group, in accordance with IFRS, within our financial statement reporting tool.
- Prepare footnote disclosures (financial instruments, business combinations, intangibles, etc.).
- Perform select data validations on quarterly reporting within our group reporting tool, FCCS.
- Prepare analytical review commentary of key balance sheet and P&L reporting lines.
- Prepare select consolidation journal entries for the year‑end audit and quarterly reporting (Q2, Q3, Q4).
- Support the annual goodwill and impairment process, including WACC calculations, compiling impairment memos and drafting related disclosures.
- Research and compose technical accounting papers for complex accounting transactions such as business combinations, derivatives, hedging and ad hoc topics.
- Support aligning conclusions with Group auditors on accounting of complex transactions in a timely manner.
- Ensure the impact of new and existing IFRS/IAS developments is understood, supporting implementation of IFRS 18.
- Provide guidance to the global finance community (markets, regions, and divisional teams) on accounting and reporting matters.
- Maintain accounting policies and procedures in conformity with IFRS, Chanel reporting requirements, and best practices; support adherence to these policies.
- Perform ad hoc analyses and special projects for management.
Required Skills & Qualifications
- Qualified ACA or equivalent accountant with minimum 2 years PQE in a similar Group accounting role; Big 4 background preferred.
- Detailed understanding of international accounting and reporting standards (IAS 36, IFRS 3, IFRS 9).
- Strong understanding of multi‑currency complex consolidation.
- Organised, analytical, curious and detail‑oriented, with a questioning mindset to pre‑empt questions on complex topics.
- Strong communication skills (written, verbal and presentation) to summarise and explain complex technical accounting issues succinctly.
- Committed to continuous improvement and development of Group accounting policies and training.
- Team player with experience collaborating with multiple stakeholders; resilient and able to respond constructively to challenge and change.
- Ability to work independently within a team in a multi‑task environment.
- Proficiency in Microsoft Office applications (Excel, Word and PowerPoint).
- Experience with FCCS, TM1 and Essbase advantageous.
What We Value
You are energized by working on complex and large transactions that require research and application of IFRS standards. You take pride in ensuring information is accurate and find satisfaction in precision, while managing multiple tasks and priorities.
Lead, Financial Reporting And Technical Accounting employer: Chanel
Contact Detail:
Chanel Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead, Financial Reporting And Technical Accounting
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in roles similar to the Lead, Financial Reporting and Technical Accounting. A friendly chat can lead to insider info about job openings or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on IFRS standards and recent developments. We recommend creating a cheat sheet of key topics like IAS 36 and IFRS 3 to help you articulate your knowledge during discussions.
✨Tip Number 3
Showcase your analytical skills! During interviews, be ready to discuss how you've tackled complex transactions in the past. Use specific examples that highlight your problem-solving abilities and attention to detail.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Lead, Financial Reporting And Technical Accounting
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Lead, Financial Reporting and Technical Accounting role. Highlight your qualifications, especially your ACA or equivalent, and any relevant experience in IFRS compliance.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for this role. Share specific examples of your experience with complex transactions and how you've navigated technical accounting topics in the past.
Showcase Your Analytical Skills: Since this role involves a lot of analytical review and data validation, make sure to mention any relevant projects where you demonstrated these skills. We love seeing how you approach problem-solving!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at Chanel
✨Know Your IFRS Inside Out
Make sure you brush up on your knowledge of IFRS standards, especially IAS 36, IFRS 3, and IFRS 9. Be prepared to discuss how these standards apply to complex transactions, as this will show your technical expertise and understanding of the role.
✨Showcase Your Analytical Skills
Prepare examples from your past experience where you've performed analytical reviews or data validations. Highlight how you approached these tasks and the impact they had on financial reporting. This will demonstrate your analytical mindset and attention to detail.
✨Communicate Clearly
Practice summarising complex accounting issues in a clear and concise manner. You might be asked to explain technical topics during the interview, so being able to communicate effectively will set you apart. Consider doing mock interviews with a friend to refine your delivery.
✨Be Ready for Scenario Questions
Expect questions that present hypothetical scenarios related to financial reporting and technical accounting. Think about how you would handle situations involving multi-currency consolidations or preparing footnote disclosures. This will showcase your problem-solving skills and ability to think on your feet.