Lead, Financial Reporting and Technical Accounting in London

Location: London Headquarters, UK

Reports to: Senior Manager, Financial Reporting & Accounting

Contract: Full-time and permanent position

CHANEL: At CHANEL, our values are grounded in creating the conditions for people to perform at their best and feel fulfilled and confident in their work.

The role:

The Lead, Financial Reporting and Technical Accounting is a key part of the Global Financial Reporting and Accounting Team, supporting quarterly and annual reporting, including the preparation of the Group financial statements in accordance with IFRS. The role has a focus on technical accounting topics, supporting the maintenance of 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 International Financial Reporting Standards (“IFRS”), within our financial statement reporting tool.
• Preparation of footnote disclosures (e.g. financial instruments, business combinations, intangibles, etc.).
• Perform select data validations on quarterly reporting within our group reporting tool, FCCS.
• Preparation of analytical review commentary of key balance sheet and P&L reporting lines.
• Preparation of select consolidation journal entries for the year-end audit and quarterly reporting (Q2, Q3 and Q4).
• Support the annual goodwill and impairment process, including WACC calculations, compiling impairment memos and drafting the related disclosures.
• Research and compose technical accounting papers for complex accounting transactions such as business combinations, derivatives, hedging and ad hoc topics.
• Support on aligning conclusions with the Group auditors around the accounting of complex transactions on a timely manner.
• Ensure the impact of new and existing IFRS/IAS developments is understood, supporting on the implementation of IFRS 18.
• Provide guidance to the global finance community (including 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 the adherence to these policies.
• Perform ad hoc analyses and work on special projects for management.

Required Skills & Qualifications:

• Qualified (ACA or equivalent) accountant with minimum 2 years of PQE in a similar Group accounting role.
• Big 4 background preferred.
• Detailed understanding of international accounting and reporting standards (particularly IAS 36, IFRS 3, IFRS 9).
• Good understanding of multicurrency 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’s 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 would be advantageous.

You are energized by:

• Working on complex and large transactions that require research and application of IFRS standards.
• Take pride in ensuring information is accurate.
• You find satisfaction in precision and can work across different tasks and priorities.

At Chanel, we are focused on creating an inclusive culture that nurtures personal growth, contributing to collective progress. We believe the uniqueness of each individual increases the diversity, complementarity and effectiveness of our teams. We strongly encourage your application, as we value the perspective, experience and potential you could bring to CHANEL.