Lead Financial Accounting Manager

This role reports into Senior Accounting Manager and sits within the Financial Accounting Function, which is committed to delivering the best in class accounting through deploying efficient processes and effective management of external service providers.

This role is part of a team of 4 that looks after the accounting for the shared network with EE and Retail estate, both are administered by external service providers and report under IFRS 16 and IAS 17.

Principally the role requires effective delivery of reporting under IFRS 16 and management of the external service provider, AY, to ensure completeness and accuracy of IFRS 16 Financial records to Three’s accounting ledgers. You must be technically competent to understand IFRS 16 accounting requirements at a level to effectively review and challenge reporting from the Service Provider, AY and MBNL.  Further, you will be required to implement initiatives to improve the reporting.

This role provides an excellent opportunity for an individual to apply their technical knowledge of IFRS 16 as well as gaining valuable experience in service level management through being empowered to challenge, implement and lead project initiatives to improve the process and reporting.

Key focus of the role will be leading the reporting under IFRS 16, improving the processes for this accounting standard.  Preparation of the IFRS 16 accounting has been outsourced to AY and key part of the role will be to work closely with AY/MBNL to improve the accuracy and delivery of the IFRS 16 Reporting.

You will review and challenge the monthly reports by AY/MBNL and reconcile the data back to our GL, ensuring consistency between the GL and IFRS 16 database, following up and ensuring any discrepancies are fixed. 

You will work closely with the Finance Business Partners to ensure they provide the correct information to AY on timely basis, helping them interpret the reporting by AY on monthly basis and help prepare the quarterly and annual forecast. You will need to build strong working relationships with internal stakeholders being T&O Finance, FP&A, Financial Reporting team and finance business partners.  You will also need to work closely with external stakeholders, MBNL and AY.

This is a great opportunity that will enable the successful candidate to take ownership of our IFRS 16 reporting and shape this exciting project.  This is a highly visible role and provides great development opportunity, as you will be managing high profile external service providers and internally liaising with senior management on regular basis.

• Centralised view of the IFRS16 result, the pre-IFRS16 result and therefore the impact. Reviewing the IFRS16 result for reasonableness and following up on any anomalies.
• Supporting the Finance Business Partners on the interpretation of their IFRS16 outputs from AY/MBNL (outsourced IFRS16), and with submitting the right information to AY/MBNL. Coordination/monitoring/review of actual lease information provided to AY/MBNL to ensure timeliness, completeness and quality.
• Reconciliation of our General Ledger to AY/MBNL outputs, and rollforward of Right of Use Asset accounts and Lease Liability accounts.  Taking ownership of the monthly IFRS 16 reporting.
• Providing the appropriate information required by the Financial Reporting team for cashflow/working capital/balance sheet reporting & coordination of forecasting & budgeting activity with AY/MBNL, FP&A and FBPs.
• Audit deliverables, requests & queries associated with IFRS16.

What you'll receive in return…

• Competitive annual salary, car cash allowance, a performance based annual bonus & an additional 'flexible allowance' to spend on additional benefits, topping up your pension, or to be added to your salary.
• Salary range for this role start's at £53,760, and exact salary will differ by job and experience
• Hybrid working between your home (2-3 days a week) and our brand new Reading HQ office at Green Park (2-3 days a week)
• 28 days annual leave + 8 bank holidays + 3 personal days annually, which increases with length of service
• Private Medical Insurance, Life Assurance and Income Protection
• Free mobile phone package & unlimited sim-card
• Free on-site car parking (including electric!)

.... Plus lots more including wellbeing and learning & development benefits!
 

Our people make us who we are. We’re a diverse and inclusive bunch, and it’s important you can feel you belong here. We value everybody for who they are and what they bring to the table, supporting one another as we continue to deliver for our customers.

At Three we have a hybrid working arrangement in place as standard for office based employees, where employees work from a mix of office based location and working from their home in the UK to carry on their role.

Excluding retail, core hours at Three are between 10:00 and 16:00, with operating hours between 08:00 & 18:30. This allows employees to have a start time between 08:00 and 10:00 and finish time between 16:00 and 18:30.