Our client Spirax Sarco are looking for a Financial Accountant for a 12 month Fixed Term Contract.
Job Title: Financial Accountant
Department: Central Finance
Reports To: Senior Financial Reporting Manager
Job Summary: The Financial Accountant will report to the Senior Financial Reporting
Manager. As part of their role, the Financial Accountant will be responsible for all statutory
reporting for Gestra UK Limited.
In addition, the role holder will be a key strategic business partner and advisor to the general
Manager for Gestra UK Limited, developing and implementing financial strategies that align
with and support Steam and Group goals and objectives to maximise returns, across key
operational areas of investment and responsibility.
Key Responsibilities:
Statutory Reporting Compliance
Gestra UK Limited
• Management of the External Audit and Statutory Reporting Processes for Gestra UK
Limited. Management and review of the annual statutory accounts and liaison with
external accounting firm to ensure the accurate submission of those within statutory
timeframes.
• Responsible for embedding a robust and efficient control environment that ensures that
Gestra UK Limited is compliant with indirect and direct tax legislation. Quarterly
preparation of Gestra UK Limited VAT returns and compliance. Accurate and timely
submission of VAT returns to HMRC within statutory deadlines.
• Responsible for Gestra UK Limited corporate tax filings, liaising with Group Tax for the
tax computation, providing any additional analysis and support for amounts required.
• Responsible for ensuring that a robust and efficient control environment which is
compliant with Group Governance Guidelines (G3) controls is in place for Gestra UK
Limited. Oversight of activities with Internal audit and remediation plans/projects
required working with Operational Finance to ensure that these are resolved.
Spirax-Sarco Limited – Irish Branch
• Support on VAT return preparation for Spirax-Sarco Limited – Irish branch including
pulling summary schedules and reconciliations to the general ledger.
• Support on completion of transfer pricing local file for Spirax-Sarco Limited – Irish
branch including liaison where needed with group tax team.
• Support on completion of corporation tax computation for Spirax- Sarco Limited – Irish
branch including monthly completion of relevant schedules, tax forecasting, and liaising
with external advisors.
Other – Spirax -Sarco Limited
• Support on all other External Reporting requirements including but not limited to
provision of insurance information, other branch/operational filings, ONS returns.
Financial Planning and Analysis, Management Reporting
• Ownership of Gestra UK Limited budgets and forecasts reporting and associated
processes. Deliver an accurate, efficient and transparent plan and forecasts which meet
finance and business stakeholder requirements and follow divisional strategy. Planning
and forecast future capital needs and prioritisation of investments. Cost optimisation and
effectiveness of investments for the business areas globally. Preparation of balance
sheet forecasts.
• Regularly review and report performance against plan and latest forecast, working with
the business to analyse financial and operational variances and recommend corrective
action to ensure delivery of commitments. Provide commercial challenge and financial
rigour to the business and to key projects.
• Preparation of monthly management reporting process for Gestra UK Limited, including
internal reporting submission to Group. This includes monthly variance analysis to
budget, and key performance indicators (KPIs). Ownership of and continuous
improvement of balance sheet reconciliations across Gestra UK Limited.
• Development, reporting and ongoing monitoring of key performance indicators (KPIs)
across Gestra UK Limited. Provision of strategic recommendations for
improvement/mitigation of risk for KPIs. Work with business areas to set targets aligning
to overall Steam and Group objectives.
Financial Modelling and Projects
• Develop, implement and maintain financial models across Gestra UK Limited to support
strategic planning and decision-making, including but not limited to simulation of various
business scenarios, project evaluation and sensitivity analysis to help to forecast the
financial impact of different strategic decisions and mitigation of risk across key
operational areas.
• Oversight and management of project tracking and analysis across Gestra UK Limited
for both capital and operational expenditure, ensuring accurate financial reporting and
insightful analysis to support decision-making and project management. Ensure that all
project capital and operational expenditures are monitored, reported, and aligned with
budgetary constraints and strategic goals.
Collaboration and Stakeholder Management
• Build and maintain strong relationships with both internal and external stakeholders
across Finance, the Division, and the broader business. Actively promote the Central
Finance team and its colleagues within the wider organisation.
• Collaboration with Gestra UK Limited General Manager and supporting team to provide
financial insights and analysis, support budget control for efficient resource allocation
and decision support. Drive financial updates, insights and recommendations to the
Steam divisional team.
Support and Ad-hoc Tasks
• Supporting on balance sheet reconciliation and review process. Drive continuous
improvement across this area and process. Provide coaching where required and
support on resolution of any unreconciled amounts and alignment to best practice.
• Support the Finance Reporting team with ad-hoc financial projects, reports and analysis.
• Support on intercompany recharges, cost allocations as and when required,
implementation and development of accounting for recharges and intercompany
transactions. Training and guidance as required by the business.
Qualifications and Skills:
Qualifications and Experience
• Professional accounting qualification (ACCA, ACA or CIMA).
• Experience in a technical accounting role preferred.
Technical Skills
• Proficiency in Accounting Software: Familiarity with accounting tools and software.
• Advanced Excel Skills: Confident in Excel for data analysis, financial modelling, and
reporting is essential. Power BI.
• Financial Reporting and Analysis: Ability to prepare and interpret financial reports,
conduct variance analysis, and provide insights for decision-making.
• Budgeting and Forecasting: Skills in preparing budgets, forecasts, and reforecasts to
align with business strategies.
• Financial Reporting: Expertise in preparing and presenting financial statements in
accordance with FRS 102 or IFRS (International Financial Reporting Standards).
• Regulatory Compliance: In-depth understanding of regulatory requirements and ability
to ensure compliance with financial laws and regulations. Knowledge of tax regulations
and ability to support on preparation of tax returns and filings.
Analytical Skills
• Analytical Thinking: Strong analytical skills to interpret financial data and identify trends.
• Attention to Detail: High accuracy in financial analysis and reporting.
• Variance Analysis: Proficiency in conducting variance analysis to compare actual results
with budgeted figures and explain discrepancies.
• Problem-Solving: Proactive in identifying issues and developing practical solutions.
Communication and Interpersonal Skills
• Communication Skills: Effective written and verbal communication to convey financial
information clearly to stakeholders. Ability to communicate and deliver messaging as
required to non-financial colleagues.
• Teamwork: Ability to collaborate with various departments and build strong relationships.
• Presentation Skills: Proficiency in presenting financial data and insights to various
audiences.
• Proactivity: Self-starter with a positive approach to problem solving and continuous
improvement. Ability to prioritise workload and deliver to strict timelines.
Strategic and Business Skills
• Commercial Mindset: Understanding the business environment and how financial
decisions impact overall business performance.
• Strategic Planning: Supporting long-term business planning and decision-making.
• Influence and Negotiation: Ability to influence and persuade others to achieve the best
financial outcomes for the company.
Ethical and Compliance Skills
• Integrity: Maintaining ethical standards in financial reporting and decision-making.
• Regulatory Knowledge: Ensuring compliance with financial regulations and standards.
Technology Proficiency
• Technology Skills: Staying updated with the latest financial technologies and tools to
improve efficiency and accuracy.