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For Companies At a Glance
- Tasks: Manage intercompany transactions and foreign exchange revaluation for accurate financial reporting.
- Company: Join Virgin Atlantic, a pioneering airline focused on innovation and sustainability.
- Benefits: Enjoy flexible working, competitive salary, and a supportive team environment.
- Why this job: Be part of a dynamic finance team making a real impact in the aviation industry.
- Qualifications: Ideal for ACA, ACCA, or CIMA trainees with strong accounting knowledge and systems experience.
- Other info: We celebrate diversity and encourage applicants from all backgrounds to apply.
The predicted salary is between 28800 - 43200 £ per year.
Job Details
Salary: Competitive per annum
Hours: 37.5 per week, Monday to Friday
Location: Flexible working, 3 days a week in our VHQ, Crawley
Contract: 9 month fixed term contract
Closing Date: 10th March 2025
Virgin Atlantic is a ground-breaking long-haul airline, committed to protecting the planet while bringing the social and economic benefits of connectivity and trade to the destinations and communities we serve. At Virgin Atlantic, we’re committed to innovation, pioneering change through partnership, and being transparent in our progress.
In a nutshell
The purpose of this role is to establish, operate, and maintain the financial accounting processes for intercompany transactions and foreign exchange revaluation for the Group. This role is accountable for delivering accurate, reliable, and timely books of account for the Group with respect to the items within the remit of the role. You will also support the work of the Accountant Financial Reporting concerning the production of financial statements and month-end reporting.
Responsibilities
- Accurately and promptly manage accounting for intercompany transactions each month.
- Record relevant journals in the appropriate entities within the Group.
- Reconcile the intercompany matrix and resolve any discrepancies during the month-end close.
- Calculate and prepare intercompany elimination journals for consolidation, ensuring accurate intercompany positions at all consolidation levels.
- Coordinate the upload and maintenance of foreign currency exchange rates in Oracle.
- Ensure the accuracy of unrealised FX gains and losses generated via Oracle auto-revaluation.
- Validate journal entry accuracy and promptly post them to avoid month-end close delays.
- Prepare regulatory reports for collaborators such as CAA/ABTA/ATOL/ONS etc.
- Maintain up-to-date reconciliations, communicate with the department, control and document system/accounting process changes, and perform accurate accounting with minimal adjustments.
About you
- ACA, ACCA, CIMA trainee
- A good appreciation of accounting standards and double entry bookkeeping
- Strong systems knowledge and experience (mandatory). Understanding of Oracle Financials
- Ability to optimise processes, identifying weak processes and opportunities for improvement
- Experience of working within a fast-paced finance department or audit firm, resilient personality, and the ability to self-motivate
- Excellent written and verbal communication skills; ability to distil complex accounting/transactional flows or processes into clear simple messages
- Proven capability to prioritise work, working under pressure and delivering to tight deadlines
- Strong attention to detail and high analytical capability
- Strong on MS Office, in particular Excel
Be yourself
Our customers come from all walks of life and so do our colleagues. That’s why we’re proud to be an equal opportunity employer and actively encourage applications from all backgrounds. At Virgin Atlantic, we believe everyone can take on the world – no matter your age, gender, gender identity, gender expression, ethnicity, sexual orientation, disabilities, religion, or beliefs. We celebrate difference and everything that makes our colleagues unique by upholding an inclusive environment in which we can all thrive. #J-18808-Ljbffr
Financial Accountant employer: VIRGIN ATLANTIC LIMITED
Contact Detail:
VIRGIN ATLANTIC LIMITED Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Accountant
✨Tip Number 1
Familiarize yourself with Oracle Financials, as this is a key requirement for the role. Consider taking an online course or tutorial to enhance your skills and demonstrate your commitment to mastering the system.
✨Tip Number 2
Highlight any experience you have in managing intercompany transactions or foreign exchange revaluation. Be ready to discuss specific examples during the interview that showcase your ability to handle these tasks accurately and efficiently.
✨Tip Number 3
Prepare to talk about how you've optimized processes in previous roles. Think of instances where you've identified weaknesses and implemented improvements, as this aligns with the responsibilities of the position.
✨Tip Number 4
Since communication is crucial in this role, practice explaining complex accounting concepts in simple terms. This will help you convey your expertise effectively during interviews and show that you can work well with colleagues from various backgrounds.
We think you need these skills to ace Financial Accountant
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Financial Accountant position at Virgin Atlantic. Understand the key responsibilities and required skills, such as knowledge of accounting standards and experience with Oracle Financials.
Tailor Your CV: Customize your CV to highlight relevant experience and skills that align with the job requirements. Emphasize your understanding of double entry bookkeeping, financial reporting, and any experience in a fast-paced finance department.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your ability to optimize processes and your strong analytical skills, as well as your commitment to innovation and transparency, which aligns with Virgin Atlantic's values.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. Ensure that your communication is clear and concise, reflecting your excellent written skills as mentioned in the job description.
How to prepare for a job interview at VIRGIN ATLANTIC LIMITED
✨Showcase Your Accounting Knowledge
Be prepared to discuss your understanding of accounting standards and double entry bookkeeping. Highlight any relevant experience you have with intercompany transactions and foreign exchange revaluation, as these are key aspects of the role.
✨Demonstrate Systems Proficiency
Since strong systems knowledge is mandatory, make sure to talk about your experience with Oracle Financials or similar accounting software. Be ready to explain how you've used these systems to optimize processes in previous roles.
✨Communicate Clearly
Excellent written and verbal communication skills are essential for this position. Practice explaining complex accounting concepts in simple terms, as you may need to distill intricate transactional flows into clear messages during the interview.
✨Highlight Your Attention to Detail
Given the importance of accuracy in financial reporting, be prepared to provide examples of how you've maintained high attention to detail in your work. Discuss any experiences where your analytical skills helped resolve discrepancies or improve processes.
