At a Glance
- Tasks: Become the go-to expert in revenue recognition and month-end reporting.
- Company: Join Monks, a leading digital-first marketing and technology services brand.
- Benefits: Enjoy hybrid working, competitive salary, and a diverse, inclusive culture.
- Why this job: Make an impact in a dynamic environment with innovative projects and global collaboration.
- Qualifications: Must be ACA/ACCA/CIMA qualified with strong IFRS 15 knowledge.
- Other info: Exciting career growth opportunities in a supportive and diverse workplace.
The predicted salary is between 43200 - 72000 £ per year.
Please note that we will never request payment or bank account information at any stage of the recruitment process. As we continue to grow our teams, we urge you to be cautious of fraudulent job postings or recruitment activities that misuse our company name and information. Please protect your personal information during any recruitment process. While Monks may contact potential candidates via LinkedIn, all applications must be submitted through our official website (monks.com/careers).
About the Role
We are seeking a Technical Accountant to join our team, and to be the in-house expert focusing on revenue recognition, plus also be involved with other areas of the month-end reporting on a permanent basis. The successful candidate will focus on revenue accounting for our services-based business, ensuring full compliance with IFRS 15 (Revenue from Contracts with Customers) and group accounting policies. You will analyse complex client contracts, identify performance obligations, and implement appropriate revenue recognition methods. This role involves close collaboration with global service teams and the finance function to support accurate, timely financial reporting. The position requires the legal right to work in the UK. Based in Central London (hybrid working with 3 days in the office), this role reports to the Head of Group Reporting.
Responsibilities:
- Interpret and apply IFRS 15 standards: You will ensure that all revenue is recognised in accordance with these principles (e.g., identifying performance obligations, assessing control transfer, and properly accounting for any associated contract assets/liabilities).
- Technical accounting documentation: Prepare and review detailed accounting memos, journal entries, and schedules related to revenue contracts. Document accounting treatments for new contracts or contract modifications under IFRS 15.
- Financial close and reporting: Support the monthly, quarterly, and annual close processes by ensuring accurate recording of revenue and related balances, including any revenue recognition exceptions.
- Audit and stakeholder support: Provide timely and clear technical explanations to internal stakeholders and external auditors on revenue accounting. Respond to audit queries regarding contract accounting and revenue recognition, and ensure supporting documentation is maintained.
- Revenue Controls: Provide input into the design of controls and central processes around IFRS 15 compliance.
- Support group team in other accounting areas: Assist with other accounting areas such as IFRS 16 (Leases) and IFRS 2 (Share-based Payments), ensuring consistent treatment and compliance across the group. This role would also lead the Group's implementation of IFRS 18.
About You
The essentials:
- Accounting qualification: ACA/ACCA/CIMA qualified with strong post-qualification technical accounting experience.
- Standards expertise: In-depth knowledge of IFRS 15, with exposure to other accounting standards like IFRS 16 and IFRS 2.
- Industry background: Services, digital media, advertising, consulting or technology services experience is desirable.
- Analytical skills: Advanced Excel and strong financial analysis abilities.
- Communication: Clear communicator, able to simplify complex technical issues.
- Personal attributes: Proactive, detail-oriented, and deadline-driven.
- Eligibility: Must have the right to work in the UK.
At Monks, we believe in fostering an environment where a diversity of perspectives can thrive. We proactively work to design hiring processes that promote equity and inclusion while mitigating bias. We celebrate diversity and are committed to building a team that reflects the communities we serve. We welcome and encourage qualified applicants from all backgrounds who are excited to contribute to our mission.
Monks is the global, digital-first, data-driven, unitary operating brand of S4 Capital plc. With a legacy of innovation and specialized expertise, Monks combines an extraordinary range of global Marketing and Technology Services to redefine how brands interact with the world. Through Monks.Flow, its flagship AI ecosystem for marketing orchestration, Monks transforms marketing into a growth engine, collapsing timelines and connecting brands to culture in real time.
We are an equal-opportunity employer committed to building a respectful and empowering work environment for all people to freely express themselves amongst colleagues who embrace diversity in all respects. Including fresh voices and unique points of view in all aspects of our business not only creates an environment where we can all grow and thrive but also increases our potential to produce work that better represents—and resonates with—the world around us.
Monks does not discriminate on the basis of race, sex, color, religion, age, national origin, marital status, disability, veteran status, genetic information, sexual orientation, gender identity or any other reason prohibited by law in provision of employment opportunities and benefits.
Group Reporting and Technical Manager in London employer: Monks Associates Inc
Contact Detail:
Monks Associates Inc Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Group Reporting and Technical Manager in London
✨Tip Number 1
Network like a pro! Reach out to your connections on LinkedIn and let them know you're on the hunt for a Group Reporting and Technical Manager role. You never know who might have the inside scoop on an opportunity or can refer you directly.
✨Tip Number 2
Prepare for interviews by brushing up on IFRS 15 and other relevant standards. We want you to be the go-to expert in the room, so practice explaining complex concepts in simple terms. This will show your communication skills and technical prowess!
✨Tip Number 3
Don’t forget to showcase your analytical skills! Bring examples of how you've used advanced Excel techniques or financial analysis in past roles. This will help us see how you can add value to our team right from the get-go.
✨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 serious about joining Monks and being part of our innovative team.
We think you need these skills to ace Group Reporting and Technical Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Group Reporting and Technical Manager role. Highlight your experience with IFRS 15 and any relevant technical accounting skills. We want to see how your background aligns with 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 the perfect fit for our team. Share specific examples of your achievements in revenue recognition and financial reporting that demonstrate your expertise.
Show Off Your Analytical Skills: Since this role requires strong analytical abilities, make sure to showcase your advanced Excel skills and any relevant financial analysis experience. We love seeing how you can turn complex data into clear insights!
Apply Through Our Website: Remember, all applications must be submitted through our official website. It’s the best way to ensure your application gets seen by the right people. So, head over to monks.com/careers and get your application in!
How to prepare for a job interview at Monks Associates Inc
✨Know Your IFRS 15 Inside Out
Make sure you have a solid grasp of IFRS 15 and how it applies to revenue recognition. Be prepared to discuss specific examples of how you've interpreted and applied these standards in your previous roles, as this will show your expertise and confidence.
✨Prepare for Technical Questions
Expect technical questions related to accounting documentation and financial reporting. Brush up on your knowledge of journal entries, accounting memos, and schedules. Practising how to explain complex concepts in simple terms will help you communicate effectively during the interview.
✨Showcase Your Analytical Skills
Since advanced Excel skills are essential for this role, be ready to discuss how you've used Excel for financial analysis in the past. Consider bringing examples of reports or analyses you've created to demonstrate your capabilities.
✨Emphasise Collaboration and Communication
This role involves working closely with global service teams and stakeholders. Prepare to share examples of how you've successfully collaborated with others and communicated complex information clearly. Highlighting your proactive and detail-oriented nature will also resonate well with the interviewers.