Finance Manager
Finance Manager
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Job Description
An integral part of the De Beers UK finance team the Finance Manager is responsible for the financial and management reporting function of De Beers UK corporate expenditure intercompany service recharges from De Beers UK to other parts of the De Beers Group as well as other compliance activities. In addition the DBUK Finance Manager will also focus on driving continuous improvement in the UK Corporate environment
In this role you will have two direct reports: one Management Accountant who will focus predominantly on the reporting requirements of De Beers UK ; and an Assistant Management Accountant who will support reporting requirements of DB plc legacy UK entities as well as DBUK administrative activities.
Key Responsibilities:
Reporting:
- Oversee and manage the De Beers UK corporate reporting timetable to ensure that all activities are completed within a strong financial control environment and within the set timelines including;
- overseeing the completion of management accounts on a periodic basis for submission to the DBUK Board;
- review and submission of month end reporting and CFO report for UK Corporate entities for Group reporting;
- overseeing the completion of forecasts and budgets including cashflows for UK Corporate entities in line with Group deadlines;
- provision of variance analysis and value add interpretation;
- overseeing the confirmation of Group transactions and intercompany balances;
- review and completion of stat notes and Group templates at half year and year end reporting;
- delivery of the long term DBUK strategic plan within HSF/Onestream;
- Preparation of Quarterly corporate costs analysis and reporting for Group Finance to support QPR meetings;
- Responsible for ensuring the DBUK Pension Scheme & Intersea scheme is properly reflected in management and statutory accounts including liaising with external actuaries as and when required and reporting to senior internal stakeholders in respect of pension valuations as well as completion of the ICFR controls associated with the pension disclosures biannually;
- Owner of external audit process;
- Review of the statutory accounts for De Beers UK Limited (and related entities) on an annual basis;
- Manage the DBUK diamond inventory position specifically completing the cyclical reconciliation between SAP and the AX Reports provided by the P&D team and approving any invoices for ad hoc movements in DBUKs stock;
- Monitor and manage provisions to ensure accuracy including communication and reviewing journals as and when required;
- Review of the DBUK Balance Sheet reconciliations;
- Manage cost centre manager (CCM) deliverables to finance including distribution of CCM timetable forecast / budget interim and year end instructions and provide support as required;
- Preparation and analysis of budget and forecast costs in Onestream including participation in all DBUK review meetings prior to sign off.
Transfer pricing and Tax:
- Custodian of the intercompany services model including the annual update of the interview documentation working closely with Anglo Finance and Group Tax engaging with customers regarding purchase orders and queries and completion of invoicing templates for submission to GSS to raise invoices;
- Review of the Anglo Recharges to DBUK including working closely with the Anglo Recharges Team and Group Tax to ensure the allocations to the De Beers BUs are in line with the Group Transfer Pricing policy and assisting with any presentations to senior finance/business leaders to obtain signoff;
- Completion of the local files and transfer pricing documentation as requested by Group Tax on an annual basis;
- Liaising with outsourced tax compliance team to ensure all queries are answered and tax schedules completed and updated in the annual statutory accounts for De Beers UK Limited;
- Answering any queries related to DBUKs annual R&D tax claim including providing DBUK headcount and payroll costing files;
- Working alongside the Group Tax team on the biannual tax calculation ahead of Group reporting as well as the completion of the tax schedules in Anaplan.
Systems & Other:
- OneStream super user responsibilities including managing the addition of any new users facilitating training template updates management of the budget / forecast headcount costing process;
- Managing SAP Master Data requests via the GSS MDM tool;
- Responsibility for reviewing the Payment Practices Performance Reporting prepared by Anglo GSS including compiling a high level summary of the data before submission;
- Signatory on UK bank accounts for funding requests and adhoc payments.
Qualifications :
- Qualified accountant with at least 7 years post qualification experience in a commercial environment;
- Experience of financial management of a diamond trading business.
- Experienced manager with an excellent track record in managing teams;
- Strong technical accounting knowledge (IFRS) and experience of statutory reporting requirements including leading external financial statement audits;
- Proficient with Microsoft Excel SAP HFM FDM HSF and OneStream;
- The motivation and drive to be an integral part of process and system improvements;
- An excellent communicator and comfortable presenting to and working with senior management.
- Strong attention to detail and high level of accuracy.
- Good organisational skills. Able to prioritise and work effectively to meet deadlines.
- Demonstrated experience working within a team to deliver against set targets.
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 onsite gym & classes
- Free breakfast and lunch at onsite staff restaurant
Who we are
De Beers Group is a company with a rich history and a sparkling future. Since 1888 our experts have searched the world for natures most precious gem. Our diamonds bring beauty to the world. But we think they can do so much more. We want our diamonds and our business to make life brilliant for our people our customers and the world around us.
Safety
Safety first is a way of life for us. We are unconditional about the safety health and wellbeing 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 fulfil their potential. Referrals Referral incentive applicable: This opportunity is open to a paid referral incentive. Referral incentives are applicable to De Beers Group internal employees only.
Background Checks
Successful candidates will be required to complete background screening which may include a criminal check and validation of qualifications
Remote Work :
No
Employment Type :
Fulltime
Employment Type
Full-time
