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- Tasks: Manage lease accounting and reporting while collaborating with finance teams.
- Company: Join a leading financial accounts team at Compass UK&I.
- Benefits: Enjoy exclusive discounts, wellness classes, and career development opportunities.
- Why this job: Make an impact in finance while growing your skills in a dynamic environment.
- Qualifications: Part-qualified Accountant with strong Excel skills and finance experience.
- Other info: Flexible work culture with excellent support for professional growth.
The predicted salary is between 36000 - 60000 £ per year.
Responsible to: Finance Manager (Fixed Assets, Leases & Property)
Location: Parklands Court, Rubery
Sector/ Business area: Financial Accounts team, Central Finance
Overall purpose of the role: Reporting to the Finance Manager (Fixed Assets, Leases & Property), the Lease Accountant will take ownership of lease accounting and reporting, including ensuring that control accounts are reviewed regularly and all items in query are resolved.
The Financial Accounts team performs a pivotal role within Compass UK&I, overseeing fixed assets, leases/IFRS16 accounting, property related transactions, intercompany, balance sheet reconciliations, Group reporting, audit and financial statements, below the line transactions, accounting for M&A and providing advice and guidance on accounting matters as required. We also support the Tax team on sales and employment taxes as well as other Central Finance teams.
Key Accountabilities
- Lease accounting and reporting
- Co-ordination and review of Compass One property work
- Approval and creation of fixed assets
PEOPLE:
- Working effectively as part of a team
- Building relationships with key stakeholders
- Liaising with colleagues from other teams for resolution of queries
- Coaching and guiding other team members
PERFORMANCE:
- Carry out all steps required for month end lease processing and reporting
- Ensure that ALAE (lease accounting system) is complete and correct
- Prepare any manual journals required for missed ALAE transactions, to be posted into SAP
- Prepare IFRS16 HFM file for Group reporting
- Review all lease controls accounts monthly with preparers and ensure they are resolving any query items in a timely manner
- Identify new leases, modifications or disposals to be processed on ALAE and ensure change log is updated
- Ensure all lease related queries in the team mailbox are answered within agreed timeframes
- Assist with audit requests and statutory reporting for IFRS16
- Review the P&L for any short term/low value leases and assess correct treatment
- Oversight and co-ordination of all property work undertaken on behalf of Compass One - review of working papers/control accounts and ensuring productive meetings take place regularly with the sector finance team
- Approval of fixed asset creation/transfers where required and asset creation using Winshuttle
- Review of ONS surveys and carbon footprint reporting ahead of submission
- Maintain process notes for all business-as-usual work to enable cross training, cover and support within the team
- Cross train other team members and support with training and development of more junior colleagues
Candidate Requirements: Key Skills, Knowledge & Experience
Essential:
- Part-qualified Accountant (CIMA/ACCA/ACA) [at least 3 years completed/4 or fewer exams remaining] and minimum of three years in a finance role.
- Must be willing to commit to actively studying and qualifying in a reasonable time frame
- Intermediate to Advanced Excel skills (complex formulae, pivot tables etc)
- Good organisational and presentational skills
- Flexible and adaptable in this busy, evolving environment
- Experience of balance sheet reconciliations
- Experience of month end (accruals, prepayments, variance analysis etc)
- Experience of ERP software, SAP preferred
- Continuous improvement mindset to question current processes
- Understanding of reporting standard and experience working with IFRS16 accounting
Desirable:
- Experience with property costs
- Line management experience
Rewards and Benefits
We ensure you’re rewarded for all your hard work, which is why we offer a comprehensive benefits package which includes but is not limited to:
- Exclusive travel discounts with TUI, Expedia, Booking.com and many more
- Save money on your food shop with discounts on Tesco, Sainsbury's, Morrisons and more
- Up to 44% off cinema tickets to enjoy your favourite blockbuster
- Regular emails filled with the best discounts and savings available
- Receive Wow Points every time you spend and use them on a wide range of brands
- Un-wind with us with free wellness, mindfulness and exercise classes
- You can share all discounts and offers with your friends and families
- Contributory pension scheme
- Study support
- Grow your career with our Career Pathways and MyLearning programmes
Lease Accountant in Birmingham employer: Compass Group UK
Contact Detail:
Compass Group UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lease Accountant in Birmingham
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance sector, especially those who work with leases or IFRS16. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Get your interview game on point! Research common questions for lease accountants and practice your answers. We all know that confidence is key, so the more prepared you are, the better you'll shine during interviews.
✨Tip Number 3
Show off your skills! If you have experience with SAP or advanced Excel, make sure to highlight these in conversations. We want to see how you can bring value to the team, so don’t be shy about sharing your achievements.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're genuinely interested in joining our awesome team at Compass UK&I.
We think you need these skills to ace Lease Accountant in Birmingham
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Lease Accountant role. Highlight your relevant experience, especially in lease accounting and IFRS16. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a great fit. Keep it concise but engaging – we love a good story!
Show Off Your Excel Skills: Since advanced Excel skills are essential for this role, don’t forget to mention any specific projects or tasks where you've used complex formulas or pivot tables. We want to know you can handle the numbers!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you get all the updates directly from us. Plus, it’s super easy!
How to prepare for a job interview at Compass Group UK
✨Know Your Numbers
As a Lease Accountant, you'll be dealing with financial data daily. Brush up on your knowledge of IFRS16 and lease accounting principles. Be ready to discuss how you've applied these in previous roles, especially when it comes to month-end processes and balance sheet reconciliations.
✨Excel Skills are Key
Since the job requires intermediate to advanced Excel skills, make sure you can demonstrate your proficiency. Prepare to talk about complex formulae, pivot tables, and any specific projects where you've used these skills to improve reporting or analysis.
✨Show Your Team Spirit
This role involves working closely with various teams and stakeholders. Think of examples where you've successfully collaborated with others to resolve queries or improve processes. Highlight your ability to coach and guide junior colleagues, as this will show your leadership potential.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving abilities. Prepare for scenarios related to lease modifications, disposals, or handling audit requests. Practise articulating your thought process and how you would approach these situations, demonstrating your continuous improvement mindset.
