Job Description
Our Finance Teams: Our Finance team has a large part to play in the success of our business. We are based across a few locations, but operate as one team, and work together to create a positive, productive and highly efficient finance department within News UK.
Key Responsibilities:
Quarterly Reporting (USGAAP) and Monthly reporting direct to News Corp:
1. You will be part of the team who report financial submissions for News UK and its subsidiaries using Onestream. Specifically, this will involve preparing balance sheet analytical review and other analysis for submission to US Corporate and processing complex consolidation adjustments as part of the UK sub consolidation team.
2. You will assist with the consolidation process for the News UK group and will create positive stakeholder relationships to ensure deadlines are met.
3. You will respond to ad hoc reporting queries and tasks as they arise.
4. You will oversee the technical accounting for USGAAP specific adjustments such as ASC606 and ASC842 utilising US owned systems to ensure compliance.
5. Ensure all intercompany balances submitted agree to global balances and inter company transactions are correctly identified and reported.
6. Ownership and management of all audit requests related to US Group reporting deadlines and processes.
7. Implementing mapping for quarterly reporting that minimises manual adjustments required when reconciling to group reporting team and TM1.
Financial Statements:
8. You will assist in the preparation of technical and high profile Financial Statements for News UK and its Subsidiaries to agreed timetables.
9. Your role will include helping management to fulfil audit queries and building relationships with our audit team.
10. Completion of more complex audit questions and supporting the overall stakeholder management of the process to keep audit on track
11. Preparation of data for TCFD, SECR and S172 reporting working with the relevant stakeholders to implement these into the financial statements
12. Review of dormant accounts prepared by off shore team
Technical Accounting:
13. Your attention to detail will help us research and prepare technical accounting papers under UK/US GAAP.
14. You will provide updates and advice to the wider Finance Team in conjunction with your manager.
15. You will assist in implementing new accounting standards such as upcoming changes to FRS102 (specifically leases)
16. You will complete complex reconciliations to assist with our local tax teams reporting requirements such as the return to provision analysis and reconciliations
17. Involvement in legal entity rationisation project to simplify the group structure and remove compliance tasks
Monthly reconciliations:
18. Completion and ownership of a number of complex monthly reconciliations across News UK and its subsidiaries.
19. Responsible for clearing reconciling items and providing explanations for key movements monthly and quarterly.
20. Reviewing more simplistic reconciliations and ensuring compliance with policies and procedures that have been prepared by the offshore team.
21. Ensuring internal Intercompany reconciles correctly each month ahead of month end submissions
Other:
22. Own the News UK and Wireless bad debt schedules for submission to relevant management.
23. Prepare the monthly FX summary report for submission to Shared Costs.
24. Support Finance manager with ad hoc tasks for the wider finance function
25. Provide specialist technical advice to the business
26. Complete ad hoc reporting requirements for other related departments such as Tax and Treasury teams
27. Support manager in team development and process improvement
28. Accounting for investments and divestures
29. Complete month end tasks - Balance sheet netting, Revaluation etc
30. Working closely with the remaining onsite team to meet key submission deadlines
31. Proactively look to improve performance, utilising automation and AI technology
32. Working closely with the offshore team to ensure team objectives are met. Provisioning training and guidance to the offshore team as required.
Key Skills
33. KNOWLEDGE:
CIMA/ACA/ACCA qualified
Financial statements and consolidations
Experience of Sarbanes Oxley Compliance
34. PROBLEM SOLVING:
Highly proficient in accounting systems and Microsoft Excel
Strong analytical skills
35. ACCOUNTABILITY/ SPAN OF CONTROL:
Ability to work independently and use initiative to complete assigned task in the most efficient way possible.
Supervise and assist less experienced members of the team
News UK is one of the leading media businesses in the UK and Ireland. Our newsbrands include The Times, The Sunday Times, The Sun, The Sun on Sunday and The TLS. Our national broadcast brands include talkSPORT, Times Radio and Virgin Radio UK, and we have market-leading local stations across Ireland. Our world-famous brands provide news, analysis, opinion and entertainment to almost 40 million people each month. Spanning print and pixel, audio and video, events and experiences, our multi-format brands are home to a plurality of opinion, representing the diverse communities we serve. Driven by passion, guided by principles and acting with purpose, we exist to promote a fair society, freedom of speech and a little bit of fun. Rethinking continually the business of storytelling, we represent, reflect and reach the nation, telling the stories that matter.
At News UK, we embrace a hybrid work model, currently requiring a minimum of three days per week in the office. This approach fosters collaboration, innovation, and team spirit within our workspace. Certain roles may necessitate additional in-office days; please discuss this with your recruiter for specific requirements.
Life at News
Driven by passion, guided by principles and acting with purpose. We represent, reflect and reach the nation, telling the stories that matter. We inform our audiences so that they can make decisions based on trusted information.
We represent, reflect and reach the nation, telling the stories that matter most. To ensure these stories resonate with as broad an audience as possible, it is essential that our organisation reflects the diversity of the people we reach. Whether through age, gender, ethnicity, disability, social class or sexuality, we are committed to representing the rich variety of voices that make up our society. And we champion a culture where everyone has the opportunity to contribute and thrive as we continue to innovate and drive long term sustainable growth. This is done through our Diversity Strategy.
At News UK, we take pride in our exceptional employee-led networks that bring together individuals with shared interests and create a vibrant sense of community. We believe our networks play a vital role in fostering a collaborative and supportive work culture at News UK. Groups that we support include the African & Caribbean Network, Parents and Carers, and LGBTQ+ group News Is Out, and the Apprentice Society.
Benefits
Some of our benefits include:
36. Private medical insurance including coverage for pre-existing conditions
37. Discounted gym memberships, free ClassPass at Home, weekly in person/ virtual exercise classes
38. ‘Bikes for Work’ and ‘Electric Car’ scheme
39. Up to 60% discount on Harper Collins books
40. Maternity leave up to 18 weeks full basic salary & paternity leave up to 2 weeks
41. Access to exclusive events and competitions with exciting brands such as talkSPORT, Virgin Radio UK & The Times. Weekly virtual panel chats with top journalists and celebrities
42. Access to wellbeing benefits such as EAP, physio/massage and counselling
43. A generous pension scheme with employer contributions of up to 5%
44. Wide range of training available, plus full LinkedIn Learning access
45. 25 days holiday, plus bank holidays and up to 4 volunteering days per year
We want to ensure that everyone has the opportunity to perform to their best when applying for a role. If you would like to receive any information in a different way or for us to do anything differently to support you to apply for any of our roles please contact us on careers@news.co.uk.
About The Candidate
About The Company