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Head of Financial Reporting

IMS (Insurance & Mobility Solutions) -

Full-time (Permanent)
Published on
11 October 2024
Deadline
1 January 2025

Job Purpose

The Head of Financial Reporting is responsible for delivering accurate, timely financial reporting within IMS, ensuring the business meets its statutory filing obligations and maintains strong financial controls. This position leads key accounting judgments and estimates, while providing technical guidance to the Finance Department.


Specific Responsibilities and Accountabilities

Team Management

  • Manage and develop a team of Management Accountants.
  • Own and drive the month-end and annual financial timetables.
  • Develop a strategic plan for the department in collaboration with the Head of Financial Operations, Head of FP&A and CFO.


Financial Reporting

  • Deliver the monthly Group consolidated P&L, balance sheet, and cash flow to audit standard on a timely basis.
  • Act as the technical Group champion, communicating the latest accounting releases to the team and ensuring their implementation.
  • Maintain good control of the balance sheet, ensuring timely completion of reconciliations (accruals, prepayments, stock, payroll, etc.) across all companies.
  • Ensure all reconciling items are identified, investigated, and resolved in a timely manner.
  • Prepare the group consolidation.
  • Reconcile management information (MI) with statutory financial reporting.
  • Lead acquisition/disposal accounting as applicable.


Statutory and Legal

  • Deliver statutory accounts and filings for all entities.
  • Organize and oversee audits.
  • Manage external advisors to ensure all UK, US and Canadian tax filings and ensure appropriate tax policies (direct and indirect).
  • Handle the R&D tax claim and provide necessary information to advisors.


Systems, Processes, and Controls

  • Serve as the Finance system administrator.
  • Develop and ensure compliance with appropriate controls.
  • Refine the management accounts process to streamline and add value.
  • Develop automated reports to support financial controls and provide required management information (MI).


Key Internal and External Relationships

  • Senior Finance Managers
  • Supply Chain and other department managers
  • External auditors, tax professionals, HMRC
  • Outsourced providers, including overseas accountants and payroll providers


Knowledge, Skills & Experience 

Essential

  • Qualified accountant with relevant post-qualification experience.
  • Excellent accounting knowledge of UK GAAP.
  • Strong knowledge of controls best practices and audit standards.
  • Excellent written and verbal communication skills.
  • Strong organizational skills.
  • Strong excel skills.
  • Ability to work under pressure and meet deadlines.
  • Ability to build and maintain positive internal and external relationships.

Desired

  • Audit background preferred.
  • Experience in people management.
  • Experience with change management.
  • Experience implementing new ERP systems.


Even if you do not meet all of the above criteria, please consider applying! If you have any questions, do not hesitate to get in touch with our HR team, at hr@ims.tech

IMS is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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