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 vibrant team culture.
- Other info: Diversity and inclusion are at our core; we welcome all backgrounds.
- Why this job: Make an impact in a dynamic environment while working with innovative tech.
- Qualifications: Must be ACA/ACCA/CIMA qualified with strong IFRS 15 knowledge.
The predicted salary is between 43200 - 72000 £ per year.
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
- 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.
About Monks
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. By deploying bespoke intelligent agents across disciplines and delivering culturally relevant, high‐impact creative and digital solutions, Monks solves key critical business challenges across the entire brand enterprise to help brands sustain long‐term impact.
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.
Group Reporting and Technical Manager in London employer: Monks
At Monks, we pride ourselves on being an exceptional employer, offering a dynamic work culture that champions diversity and inclusion. Located in the heart of Central London, our hybrid working model allows for flexibility while fostering collaboration among teams. We provide ample opportunities for professional growth, ensuring our employees are equipped with the skills and knowledge to excel in their careers, all while being part of a forward-thinking company at the forefront of digital marketing innovation.
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 openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on IFRS 15 and other relevant standards. Be ready to discuss how you've applied these in past roles. We want to see your expertise shine, so practice explaining complex concepts in simple terms!
✨Tip Number 3
Don’t forget to showcase your analytical skills! Bring examples of how you've used advanced Excel functions or financial analysis to solve problems. This will help us see how you can contribute to our team right from the get-go.
✨Tip Number 4
Apply through our official website at monks.com/careers. It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our awesome team!
We think you need these skills to ace Group Reporting and Technical Manager in London
Some tips for your application 🫡
Be Yourself:When writing your application, let your personality shine through! We want to get to know the real you, so don’t be afraid to show your enthusiasm for the role and our company.
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your relevant experience and skills. We’re looking for someone who understands IFRS 15 and can bring their expertise to our team, so make that clear!
Keep It Clear and Concise:We appreciate clarity, so keep your application straightforward and to the point. Use bullet points where possible to make it easy for us to see your qualifications and achievements at a glance.
Apply Through Our Website:Remember, all applications must be submitted through our official website. This helps us keep everything organised and ensures your application gets the attention it deserves!
How to prepare for a job interview at Monks
✨Know Your IFRS 15 Inside Out
Make sure you brush up on IFRS 15 and its application in revenue recognition. Be prepared to discuss how you've applied these standards in your previous roles, especially when it comes to identifying performance obligations and assessing control transfer.
✨Showcase Your Technical Accounting Skills
Bring examples of your technical accounting documentation, like memos or journal entries, to the interview. This will demonstrate your hands-on experience and understanding of the complexities involved in revenue contracts.
✨Prepare for Financial Close Discussions
Be ready to talk about your experience with monthly, quarterly, and annual close processes. Highlight any specific challenges you've faced and how you ensured accurate recording of revenue and related balances.
✨Communicate Clearly and Confidently
Practice explaining complex technical issues in simple terms. This is crucial, as you'll need to provide clear explanations to both internal stakeholders and external auditors during your role.
