A group financial accountant is based in a head office and will oversee the accounts of all subsidiary companies within the group. As well as completing consolidation, reporting and forecasts, this role is responsible for ensuring each company adheres to reporting standards and is financially compliant.
Group accountant job description and responsibilities
The group accountant usually reports into the group finance controller and will provide financial guidance and support for a group of companies. They are responsible for all manner of financial reporting, budgeting, forecasting, consolidation and—most importantly—maintaining regulatory compliance across all companies in the group.
The role involves interacting with all levels of the business, from senior stakeholders to external parties and the finance team as a whole. Daily tasks include:
- Financial reporting
- Month end reporting and consolidation
- Group statutory reporting
- Completing subsidiary accounts
- Quarterly bank reporting
- Preparing annual budgets
- Liaising with external or internal auditors
- Answering financial queries
- Preparing quarterly financial forecasts
- Maintaining company compliance standard
Group accountant job qualifications, skills and experience
As well as a minimum professional AAT qualification, group accountants are expected to have a degree in one of the following subjects (or related):
A group accountant should be a fully qualified ACA/ACCA/ICAS accountant and would ideally have excellent knowledge of accounting standards (IFRS, FRS etc.). Industry experience is usually preferred.
For career success, the following personal qualities are beneficial:
- Excellent written and verbal communication
- Ability to work independently
- Excellent attention to detail
- Good organisational skills
- Good time management
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