Financial Control Analyst (TQ) - FTC
Pearson Finance Services
Pearson Finance Services (PFS) is a dedicated finance centre established in 2016 to support the Pearson finance structure across the globe. It's 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.
Summary of role:
The Accountant will be responsible for the end-to-end management accounts for the TQ business. 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.
Take responsibility for the month-end and year-end finance processes for the TQ business to ensure management accounts are completed accurately and on-time.
Contribute to the TQ business by providing timely and accurate financial information and advice – presenting monthly and annual results for Projects and the business P&L, input to forecasts and budgets as required, and contributing to business cases and bids.
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 TQ 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 TQ 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)
Preparation of the formal Balance Sheet Reviews for the business and identification of Risks and Opportunities. Review of monthly Balance Sheet reconciliation Lead Schedule, assistance with resolution of Open Items and identification of areas for additional attention
Project billing for TQ’s long–term contracts, via the Oracle Project Accounting module, and liaison with Project Managers to ensure billing is accurate and timely.
Project Accounting to ensure payroll and other costs are allocated to the correct projects, and Project P&L’s are produced accurately and on-time, and reviewed with Project Managers
Support the VAT and Corporation Tax reporting. Knowledge of VAT Partial Exemption scheme an advantage.
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.
Ideally Qualified or Part-Qualified (continuing to pursue an accountancy qualification). 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 (RTR, PTP, OTC and Project Accounting)
Flexibility to meet tight and changing deadlines.
Oracle Project Accounting
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: Feb 6, 2018
Job Unposting: Feb 16, 2018
Schedule: Full-time Regular
Req ID: 1801906