Financial Control Analyst
Pearson Finance Services (PFS) is a dedicated finance centre established in 2016 to support the Pearson finance structure across the globe. Its main remit is to produce reports and data to help our business partnering teams, giving insights and information needed to add real value to the business. PFS staff provide consistent and standardised metrics, unified global reporting and forward planning data to Finance Business Partners and Financial Controllers across the globe. The main scope of PFS includes general accounting, reporting, controlling, revenue and pricing.
This position will work closely with all departments and finance teams to ensure that financial activities are recorded and reported on an accurate and timely basis whilst meeting all corporate policies.
The P&L team is responsible for all UK month end activities such as
Review of data
Analysis of figures
Provide feedback on variances
Working with the HR team and auditors to provide back-up information
SOX central testing
There is a large focus on internal controls within the UKFC team.
This role provides a great opportunity to take a step back to review current processes, implement change to ensure each task is adding value.
More specifically -
Payroll reporting across divisions and cost centres, including related reconciliations, bonus accruals, pension recharges and processing of LTIP.
Review and reporting of the business travel and allocation across entities, division and projects.
Ad-hoc monthly accruals to be reviewed and processed to ensure accurate reporting.
Sox testing is carried out throughout the year to review established internal controls and procedures for financial reporting which must be documented. Controls are tested and maintained to ensure their effectiveness.
At year end and half year, there is a close relationship with the statutory reporting team to help produce the back-up to our statutory report and working with the auditors to provide information where required.
Take responsibility for the month-end and year-end finance processes for the business to ensure the P&L accounts are completed accurately and on-time.
Contribute to the business by providing timely and accurate financial information and advice – presenting monthly and annual results on the business.
Contribute to team effort and assist co-workers as needed to balance workloads, and share knowledge. Help to create a work atmosphere conducive to a high degree of integrity and teamwork.
Ensure that Pearson policies and processes are understood, applied and are effective for the business, and meets all compliance requirements (SOX, audit, etc.)
Identify opportunities for continuous process improvement and innovative solutions and apply them as appropriate. Work with the Local UK Financial Control team and the BPO team in Bangalore to ensure processes are complete, and accurate and process improvements are identified and adopted.
Technical activities/responsibilities (identified but not limited to):
Co-ordinate the month end close process for the business and associated Legal/Prime entities. To include journal preparation, inter-company reconciliations, management review of results and financial reporting to the group consolidation system (Prime)
Review account reconciliations and analysis and liaison with BPO and wider PFS team to resolve outstanding/reconciling items.
Prepare ad-hoc analysis / production of reports as requested to support accurate reporting and support business decisions. Aggregate data required to support internal and external customers.
Assist with Annual Desktop Procedure (DTP) review and write up for any new processes created or transitioned to IBM. Request and process accruals or other adjustments to the accounts. Review of month end postings for quality, identifying necessary material adjustments required and requesting necessary journal entries.
Lead on financial compliance activities for the TQ business around PO creation, invoice approval, Project billing, journal preparation and approval, and all other financial controls
Significant interaction with business units, enabling functions, and auditors.
Ensure timing and classification of entries are correct and that accounting treatment is consistent across Pearson in the UK.
Ensure that corporate policies and procedures are consistently applied.#LI-LP1
Must be qualified with minimum of two (2) years of relevant experience essential. All candidates must be able to actively demonstrate strong accounting skills and understanding of key accounting concepts.
Prior knowledge or experience in some or all of the following areas will be an advantage.
Finance function and accounting operations, financial management and management accounting.
Management reporting (including variance analysis)
Detailed knowledge around finance function processes
Flexibility to meet tight and changing deadlines.
Primary Location: GB-GB-Belfast
Work Locations: GB-Belfast-Millennium House Millennium House, 1st Floor Great Victoria Street Belfast BT2 7AQ
Employee Status: Regular Employee
Job Type: Standard
Shift: Day Job
Job Posting: Mar 11, 2018
Job Unposting: Mar 30, 2018
Schedule: Full-time Temporary
Req ID: 1803337