Financial Reporting Manager

  • Job Reference: 12873
  • Date Posted: 5 January 2021
  • Employer: Thames Water
  • Location: Reading
  • Salary: On Application
  • Bonus/Benefits: Bonus, car allowance and private healthcare
  • Sector: Accounting & Finance
  • Job Type: Permanent
  • Work Hours: Full Time

Job Description

About the role:

We are looking for an experienced and driven Financial Reporting Manager to lead the delivery of our statutory and regulatory reporting, on behalf of the Thames Water Group. It is a demanding and varied role with significant exposure to the Senior Management and Executive team.  The role will work closely with the business to ensure robust and consistent financial reporting, as well as advising on technical accounting and regulatory matters.

Key Accountabilities:
  • Managing the delivery of our yearend financial statements for c.18 group companies including our main trading entity to a FTSE 100 standard.
  • Managing the delivery of our interim financial statement.
  • Managing the delivery of our Annual Performance Report (regulatory reporting).
  • Production of materials for Board meetings.
  • Providing technical advice to the business (IFRS and Regulatory Accounting Guidelines).
  • Managing the reporting, forecasting, budgeting and business partnering for our commercial opportunities and property services business units (over £100m of cost).
  • Managing the reporting, forecasting and budgeting process for entities outside of the core business.
  • Managing the process for responding to Ofwat financial consultations and queries.
  • Managing delivery of training to the business.
  • Leading relationship with the external auditors.
  • Stakeholder engagement and management.
  • Managing a variety of projects including liquidations, new company set up, new accounting standards / reporting requirements, control environment reviews, system implementations, additional reporting requirements and change initiatives.
To be successful you will have the following skills and experience:
  • Previously held manager positions (either within a company / Big4 / large professional services firm) where you were responsible for delivery or audit of financial statements for medium – large sized companies.
  • Previous team management experience – demonstrating role model qualities with the ability to lead and manage a high performing team.
  • Excellent communication and relationship building skills with experience of working with Senior Management and Executive teams.
  • Strong attention to detail and project management skills.
  • Experience of working in / with utility, infrastructure or telecoms and working in/with regulatory obligations preferable.
  • Qualified accountant (CIMA, ACA or equivalent),with a high level of technical expertise in IFRS
This is full-time role based at Clearwater Court (currently due to Government restrictions will be working at home) and will be responsible for managing five direct reports, including one finance graduate and four qualified accountants. The role reports to the Head of Financial Reporting, Systems & Controls.

What’s in it for you:

 Our competitive salary and package include a competitive bonus, car allowance, private healthcare, an excellent contributory pension, 26 days holiday. There is also a wider benefits scheme which includes an annual pay review, season ticket loans and loyalty awards for continuous service plus discounts at a wide range of retailers via Benefits on Taps.  We also have a referral scheme, where you can receive £750 for helping someone get a permanent position within the company. 

We’re proud to be here for our local community, offering everyone two days paid volunteer leave a year, as well as proudly supporting a lot of local events and charities. 

Click here to find out more about working at Thames Water

About us:

Thames Water is the UK’s largest water and wastewater company. We make a daily difference to millions of customers by supplying 2.7 billion litres of world-class water to around 10 million homes.  

As our world changes, the need to take care of our most precious resource is greater than ever, both locally and globally. That’s why, at Thames Water, every one of our actions, big and small, matters every day. Water is essential to daily life, and that means our business is always open. We’re passionate about providing world-class tap water, now and for the future.

We’re also turning waste into power, self-generating 20% of the energy we use and, in turn, doing our bit for the planet. We’re reducing plastic waste by celebrating our tap water and rolling out an ambitious water fountain project. We’re using our voice to lobby for change and partnering with WaterAid to provide clean water to the world’s poorest communities.

Together, we’re building a better future for our customers, our region and our planet.
Thames Water is a unique, rewarding and diverse place to work. If you join our team, you’ll enjoy fast-tracked career opportunities, flexible working arrangements and unparalleled benefits. We’re also proud to be an equal opportunity employer, Stonewall Diversity Champion and Disability Confident Leader, welcoming individuals from all walks of life and leading the way with award-winning mental health and well-being strategy.