Senior Financial Accountant

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Company Description

We are the world's leading diamond company - a unique, luxury business that thrives on the creativity, passion, and knowledge of our people.

As we embark on a journey to accelerate the transformation of our business into one that is better positioned to realise the opportunities ahead of us, we welcome and encourage diverse perspectives from those individuals who spark fresh thinking and aren't afraid to challenge assumptions.

We'll provide you with the space and support to grow and achieve your ambitions and - working together - you'll help us realise our own ambition to be the pioneer of a new diamond world.

Your opportunity for a brilliant career!

Job Description

Are you up for leading the finance transformation projects and helping to drive change throughout the business? Love numbers and seeing how we shape our business?

You are a rare diamond.

As the Senior Financial Accountant, you will be reporting into the Finance Manager, own the preparation of the year-end financial statement (in accordance with IFRS), own the month-end close, and manage the external audit. You will own the consolidated balance sheet and work closely with overseas finance teams to streamline finance processes.

Management of Accounting team & working with subsidiaries

• Organise the Accounting department to ensure deadlines set by internal stakeholders and shareholders are met, alongside ensuring legal obligations are met.
• Work closely with the team to ensure continued development, increased expertise and providing technical insight as required.
• Understand and challenge subsidiaries accounts to ensure accurate group reporting (9 reporting entities including London Head Office and 7 Key markets: China, Hong Kong, Japan, Macau, Taiwan, UK, France and the USA).
• Work closely with markets to bring efficiencies to reporting process and provide direction in relation to complex accounting matters.

Financial reporting

• Responsible for the timely and accurate completion of the monthly close for DBJ consolidation, including the close schedules, P&L, Balance Sheet and Cash Flow in line with International Financial Reporting Standards (IFRS).
• Responsible for the monthly estimate due to shareholders by Day 2 and load on to AFC.
• Review of results pre-close (vs budget/ trend analysis) to ensure accounts are accurate as well as other close reporting as required.
• Liaising with shareholders, responding to queries and requests as required.
• Review of balance sheet reconciliations, including cash, fixed assets, prepayments, creditors, and accruals, to ensure that all accounts are adequately reconciled and that all aged items are resolved in a timely manner.
• Constant review and update of accounting policies in line with IFRS and reviewing group accounting policies and ensuring proper implementation globally.

Statutory reporting

• Responsibility for the accurate preparation and timely submission of all statutory reporting and filings for UK (retail and HO) and France legal entities.
• Manage the UK audit process and providing relevant information timely.
• Key contact for PwC on technical matters and ensuring all open points are closed swiftly.
• Prepare relevant audit evidence to ensure all figures within the financial statements are appropriately supported.

Internal controls

• Implement standardised procedures and internal controls across the global DBJ markets.
• Work closely with internal audit and governance teams to ensure internal controls are 'fit for purpose'.
• Liaise with the FP&A team to implement relevant internal controls over the financial reporting process.

Tax compliance

• Liaise with tax specialists to address tasks risks and mitigate tax issues.
• Responsible for ensuring that the indirect and direct tax submissions are completed timely and accurately.
• Key contact for EY, HMRC and other local tax authorities including responding to queries raised and tax audits as required.

Accounts payable

• Understand the GL and cost centre coding structure, review the A/P team's posting of invoices into the SAP accounting ledger against POs/direct to agreed codes.
• Assist A/P in developing strong relationships with suppliers to ensure efficient running of all areas of responsibility.

Stock management

• Responsible for working with the Inventory control manager to ensure stock takes are accurately completed in line with procedures (quarterly, bi-annual, or annually depending on location) to ensure no loss of inventory or discrepancies.
• Work closely with marketing, PR, and retail teams on product gifting and ensure financial records appropriately reflect gifts.

Treasury Management

• Overall management of the group's treasury function and managing banking relationships.
• Working closely with the global DBJ markets to ensure effective cash management and monitor borrowing facilities.
• Preparation of consolidated cash flow and related forecasting.

Projects

• Work alongside the Finance Manager and be a key point of contact on ad hoc improvement projects.
• Support the organisation in implementing new and improving existing finance and reporting tools to enhance reporting standards throughout the business.
• Identify and escalate areas for improvement and proposed solutions.

Other

• Responsibility for the forecasting of the consolidated Balance Sheet and Cash Flow in line with group deadlines.
• Provide support to the Finance Manager and Financial Controller when required.

Qualifications

• Post-qualification related work experience, ideally in retail.
• Strong knowledge of accounting principles and procedures.
• ACA/ACCA qualified (or equivalent).
• Excellent spoken and written English.
• French would be a plus (but not required).
• Self-starter with strong communication and organisational skills.
• Ability to develop strong relationships.
• Proven track record of process improvement.
• Attention to detail & deadlines.
• Microsoft Office experience with excellent Excel skills (Pivot table, SUMIFS, and VLOOKUP standard is essential).
• Good understanding of ERP systems (preferably SAP).

Additional information

• A great working environment
• The opportunity to develop your skills within a growing company
• Staff discount
• Fantastic pension scheme
• We have 27 days of holiday with the opportunity to buy or sell 5 more days
• Mental health is a top priority for De Beers Group.
• We offer free subscription to Headspace and have mental health first aider
• Competitive salary
• Exceptional benefits package
• Employee share schemes and variable salary components
• Your Choice membership discounts
• Free on-site gym & classes
• Free breakfast and lunch at on-site staff restaurant

De Beers Group

We're the world's leading diamond company, powered by thousands of people around the world, with a mission to support local communities, protect our natural environment and shape a brighter future.

With headquarters in London and mines in four countries - Botswana, Canada, Namibia and South Africa - we are truly global. Established in 1888, our expertise ranges from exploration and diamond recovery, to rough diamond sales and diamond jewellery retail.

We market our polished diamonds through two brands, Forevermark and De Beers Jewellers, while our Element Six operation is the world leader in the design, development and production of synthetic diamond materials for industrial and electronic applications.

Safety

Safety first is a way of life for us. We are unconditional about the safety, health and well-being of our colleagues, at work and at home, and about that of the communities where we work. We aim to lead the industry by investing in innovation to protect people, who are at the heart of our business. Our high performing teams take accountability for their own and others' actions, work collaboratively, and always show care and respect.

Inclusion & Diversity

We are committed to promoting an inclusive and diverse workplace where we value and respect every colleague for who they are. We provide equality of opportunity to enable everyone to fulfill their potential.

Background Checks

Successful candidates will be required to complete background screening which may include a criminal check and validation of qualifications.

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