Group Consolidation Accountant - 10 months Fixed Term Contract

  • Job Reference: 37370
  • Date Posted: 3 April 2024
  • Employer: Thames Water
  • Location: Reading
  • Salary: £50,000 to £60,000
  • Sector: Accounting & Finance
  • Job Type: Permanent
  • Work Hours: Full Time

Job Description

This is a 10 month fixed term contract providing an excellent opportunity to get exposure to how Thames Water as a business operates and their dynamic culture.  You will be primarily responsible for the development of first class financial accounting and external reporting service in line with strategic business objectives and changes to the financial and regulatory reporting frameworks.

You will drive our best-in-class external reporting agenda and ensure our publications apply the relevant financial (and regulatory) reporting guidance and meet our customer and other stakeholder needs. You will assist in production of timely and accurate interim consolidated financial statements (including being a key liaison for our external auditors), along with relevant supporting papers for the Audit Committee and Board. 

What you will be doing as Group Consolidation Accountant?
This is a demanding but extremely varied opportunity in a large organisation, that will give you the opportunity to make a real impact on the way we operate as a business and putting you in regular contact with some of our most senior stakeholders. You will drive both our external financial reporting and the relationship between Finance and the wider business.

In addition to your core role, you will join your friendly external financial reporting colleagues on site visits to Waste and Water treatment works, have access to a range of training courses and enjoy team social events. You will be a highly valued and pivotal team member as we increase our focus on best-in-class external reporting.

Key responsibilities will include:
  • Developing best practice processes and procedures around our external reporting, in both a statutory and regulatory environment.
  • Review and implementation of new accounting pronouncements and other corporate reporting developments affecting Thames Water.
  • Assisting with the preparation of annual and interim consolidated financial statements.
  • Producing key deliverables for submission to the Audit Committee and Board at various stages during the year.
  • Being a key contact for the external audit team at year-end, half-year and other times during the year.
  • Providing ad hoc technical accounting advice to other areas of finance and the wider business and assisting on delivering the annual finance training.
  • Day-to-day management of subsidiary companies, including processing of journals and preparation of balance sheet reconciliations; budgeting and forecasting; and, preparation of the statutory accounts.
  • Produce technical accounting papers for leases and financial instruments standards
  • Involvement in a number of ad hoc projects (such as liquidations, new company set-up, control reviews, system reviews) as required by the business.
  • Ensuring the highest levels of data integrity are upheld, Group accounting policies are consistently applied, and adherence to deadlines is maintained.
What you should bring to the role?
To effectively perform this role it is essential that the successful candidate is a qualified chartered accountant (ACA, ACCA or equivalent). The ideal candidate will have a strong technical background with experience of external financial reporting under IFRS including preparation of consolidated accounts.

In addition, strong communication and relationship management skills will be essential, as maintaining and building robust relationships with a variety of key stakeholders is vital within this position. Additionally, you will have strong experience of working in a team towards a common objective within tight deadlines. Experience of using company IT systems including SAP and HFM would be desirable. 

What's in it for you?
  • Competitive salary - £50,000 - £60,000 per annum depending on experience.
  • Annual Leave 26 days holiday per year increasing to 30 with the length of service. (Plus bank holidays)
  • Contributory pension – Defined Contribution - Maximum of 12% -2x employee contribution.
  • Personal Medical Assessments – Open to all once a year.
  • Wider benefits scheme including our benefits hub, which is packed full of offers and information to save you money and support your wellbeing.
Who are we?
At Thames Water, our purpose is crystal clear - to deliver life’s essential service so our customers, communities and planet can thrive.

Water is life’s great leveller. Every living thing needs it, every single day. From people to plants, birds to bees, farms to factories, we all need it to thrive, and we’re committed to taking care of it for us all.

But keeping water flowing is becoming harder. From scorching summers to wetter winters, extreme weather affects everything from our pipes to our local rivers. We need to keep millions more kettles boiling, public services operating, washing machines spinning, showers running and more, so every drop is more precious than ever. Are you ready to play your part?

Working at Thames Water
At Thames Water, we recognise that people are at the heart of our business. To help us succeed in providing life's essential service, we need a range of skills and capabilities, representative of society throughout our business.

We seek to attract and retain a cultural mix of people who can offer different but complementary attitudes, values, talents, and knowledge. We understand the importance of appreciating and harnessing the unique skills, experiences, backgrounds, and differences that each individual brings.

Our over-arching diversity and inclusion aim is to ensure Thames Water is a diverse and inclusive great place to work. We encourage applications from everyone and offer extra support for those who need it throughout the recruitment process.

Find out more about working at Thames Water.

When a crisis happens, we all rally around to support our customers. As part of Team Thames, you’ll have the opportunity to sign up to support our customers on the frontline as an ambassador. Full training will be given for what is undoubtedly an incredibly rewarding experience. It’s also a great opportunity to learn more about our business, meet colleagues and earn some extra money along the way.

Disclaimer: Due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.