Key Achievements:
- Streamlined group reporting processes, reducing consolidation time by 30%.
- Improved accuracy of intercompany reconciliations, preventing errors and saving £100,000 annually.
- Introduced enhanced reporting dashboards for senior management, improving visibility across subsidiaries.
- Identified efficiencies in group accounting processes, reducing manual effort by 25%.
- Mentored finance team members across multiple locations, improving reporting quality and team capability.
Duties & Responsibilities:
- Prepare and consolidate group accounts across multiple subsidiaries under UK GAAP, IFRS, or US GAAP.
- Manage intercompany reconciliations and eliminate discrepancies across group entities.
- Prepare monthly, quarterly, and annual management accounts and financial statements for the group.
- Support budgeting, forecasting, and variance analysis for group operations.
- Analyse group financial performance, trends, and KPIs, providing actionable insights to senior management.
- Ensure compliance with statutory and regulatory requirements across all group entities.
- Lead month-end and year-end close processes, ensuring timely and accurate reporting.
- Coordinate with subsidiary finance teams to standardise accounting practices and reporting.
- Assist in audits, providing schedules, reconciliations, and documentation to internal and external auditors.
- Implement and maintain internal controls, policies, and procedures across the group.
- Support cash flow management and working capital optimisation across the group.
- Prepare consolidated management reports, dashboards, and presentations for executive leadership.
- Provide guidance and support to subsidiary finance teams on accounting, reporting, and compliance matters.
- Supervise, mentor, and train junior accountants and finance staff.
- Assist in evaluating group investments, acquisitions, and strategic projects from a financial perspective.
- Maintain accurate records of fixed assets, depreciation, and other group accounting schedules.
- Collaborate with tax, treasury, and operations teams to ensure aligned financial reporting.
- Conduct ad-hoc financial analysis and scenario modelling for group decision-making.
- Participate in continuous professional development (CPD) and training.
- Uphold professional ethics, confidentiality, and integrity in all group accounting activities.
What does a Group Accountant do?
A Group Accountant prepares consolidated financial statements for organisations with multiple subsidiaries. They ensure financial reporting is accurate, compliant and delivered on time while supporting statutory reporting and group-wide financial analysis.
What qualifications do you need to become a Group Accountant?
Most employers require ACA or ACCA qualifications together with strong experience in financial reporting, statutory accounts and group consolidations. Experience with IFRS and multinational reporting is often beneficial.
What skills are important for a Group Accountant?
Group Accountants require excellent technical accounting knowledge, analytical ability and attention to detail. Strong organisational skills and experience working with complex financial reporting structures are also highly valued.
What are the responsibilities of a Group Accountant?
Responsibilities include preparing consolidated accounts, managing month-end reporting, supporting external audits, maintaining group accounting policies and ensuring compliance with financial reporting standards.
What career progression is available for a Group Accountant?
Group Accountants commonly progress into Group Financial Controller, Head of Financial Reporting, Finance Director or Chief Financial Officer positions.