Senior Technical Accounting Manager

Job Description

  • Job Title Business


Job Description

Salary: circa £85,000 per annum

Location: Palestra House, Southwark / Home Working

Type: Permanent TfL contract

This Senior Technical Accounting Manager role is a great opportunity to use your significant financial knowledge to be the technical financial accounting expert for the group.

You will be responsible for advising on the accounting implications of complex transactions entered into by TfL. You will also advise on the implications of changes to financial reporting requirements, including new IFRS or changes to the local authority Code, as well as advising on matters relating to the Prudential Code and on all statutory accounts disclosure issues.

In this role you will be accountable for;
  • Leading on the accounting treatment of complex transactions including leases, financing arrangements, sale and leaseback, business acquisitions, equity accounting, hedging, Private Finance Initiative or Private Public Partnership transactions, advising business partners of the accounting and financial implications of proposed contractual arrangements; identifying issues and proposing alternative structures where necessary.
  • Acting as the main point of contact and co-ordinator for multi-disciplinary projects involving tax, treasury, property development, corporate finance, business services, and modes.
  • Ensuring that comprehensive pan-TfL group accounting policies are in place, in line with the relevant accounting framework (IFRS and Local Authority Code), and reviews and updates on a regular basis.
  • Advising on the implications for the Group of proposed changes in the local authority accounting regulations and IFRS; and ensures TfL Group financial reporting follows all statutory and best practice requirements.
  • Leading on the implementation across the Group of new accounting standards by acting as a technical expert, as well as project managing the overall implementation from start to finish.
  • Handling the technical content of all statutory financial statements (Group and individual entities), ensuring that all comply with all relevant legislative requirements and that disclosure is complete and accurate.
  • Coordinating with external auditors on technical accounting matters where necessary.
  • Supporting the Head of Group Financial Accounting & Tax in the establishment of the department as a recognised "centre of Excellence" for the provision of accounting advisory services and robust financial reporting.
  • Presenting finance wide technical accounting updates and training.

Skills, Knowledge and Experience

  • Professional Accounting principles and standards including technical accounting advisory (Expert)
  • Prepare financial transactions, statements and information (Expert)
  • Prepare consolidated financial statements (Expert)
  • Planning and preparing for Audits (Expert)
  • Treasury Financial Accounting principles and standards (Expert)
  • Management reporting and external reporting (Experience)
  • Systems and Software (Experience)
  • Commercial acumen (Experience)
  • Controls (Experience)
  • Excellent communication and presentation skills (Expert)

  • Professional accounting qualification (e.g. ACCA/ACA/CIMA) - essential
  • Excellent ability to interpret IFRS accounting standards and apply them to complex transactions
  • Good knowledge of Local Authority standards and financial statutory duties.

  • Extensive experience in a senior financial accounting position.
  • Significant experience of leading all finance-related aspects of business acquisitions or disposals, including systems acquisition accounting, reporting, liaison with Tax and legal advisors etc.
  • Experience of structured finance transactions (e.g. Private Finance Initiatives, and of financial instruments).
  • Experience of working in the Group Finance function of a large organisation with multiple divisions and practical experience of management and statutory consolidations, or equivalent experience of auditing similar organisations.
  • Significant experience of producing or auditing complex published accounts for listed group or similar organisation.
  • Extensive experience of report writing, particularly technical accounting papers and memos.

Equality and Diversity & Inclusion

We are committed to equality, diversity and inclusion. We want to represent the city we serve, which will help us become a more innovative and efficient organisation. Our goal is to make our recruitment as inclusive as possible. We are a disability confident employer who guarantee an interview to any disabled candidate who meets all of the essential criteria. We also use anonymising software that removes identifying information from CVs and cover letters to make the process fair.

Application Process

Please apply using your CV and a two page (maximum) covering letter.

Please think carefully about the skills, knowledge and experience outlined in the job description and ensure your CV and cover letter reflects the requirements of the role you are applying for.

The closing date for applications is 23:59 on Tuesday 2nd August 2022

In return for your commitment and expertise, you will enjoy excellent benefits and scope to grow. Rewards vary according to the business area but mostly include:
  • Final salary pension scheme
  • Free travel for you on the TfL network
  • A 75% discount on National Rail Season Ticket and interest free loan
  • 30 days annual leave plus public and bank holidays
  • Private healthcare discounted scheme (optional)
  • Tax-efficient cycle-to-work programme
  • Retail, health, leisure and travel offers
  • Discounted Eurostar travel

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