Group Financial Controller

  • London
  • Finance
  • Full-time
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Group Financial Controller
 
 
General
·       Type: Permanent, Full Time
·       Location: Based in London
·       Manager: Group Finance Director
·       Management: Small Team
·       Travel: Limited
 
Company
R3 is an enterprise blockchain software firm working with a broad ecosystem of more than 300 members and partners across multiple industries from both the private and public sectors to develop on Corda, our open-source blockchain platform, and Corda Enterprise, a commercial version for enterprise usage.
 
Our global team of over 190 professionals in 13 countries is supported by over 2,000 technology, financial, and legal experts drawn from our global member base.
 
Our Corda platform is already being used in industries from financial services to healthcare, shipping, insurance and more. It records, manages, executes institutions’ financial agreements in perfect synchrony with their peers, creating a world of frictionless commerce.
 

 
Position summary
We are looking for a well-rounded, ACA/ CPA qualified accountant for the newly created role of Group Financial Controller. Based in London, the position will work closely with the Group Finance Director to deliver R3’s monthly and annual reporting requirements, including responsibility for the preparation and delivery of the Group’s US GAAP annual audit and statutory financial statements and the consolidation and delivery of monthly, quarterly and annual Group management results.
The position will line manage the accounting team via the US and ROW Financial Controllers, with responsibility for delivering R3’s subsidiary audit and compliance programme.
With strong US GAAP knowledge and experience, you will demonstrate robust technical accounting and analytical skills, alongside excellent communication and interpersonal skills, and will work closely with senior management across the organisation. 

 
 
 

Responsibility

  • Management & Board Reporting
  • Responsible for the monthly Group close process, including responsibility for the Group Balance Sheet consolidation and Group Cashflow
  • Responsible for the monthly subsidiary close process, including oversight of the subsidiary entity PLs and Balance Sheets
  • Responsible for the integrity of the general ledger by way of effective and appropriate reconciliation procedures and documentation
  • Working in conjunction with the Group Financial Planning & Analysis Manager to prepare a quarterly board reporting pack and monthly management executive pack, including commentary on performance and KPIs for senior management review
  • Technical Accounting
  • Providing in-house technical expertise via US GAAP and local GAAP accounting support to the wider team, including proactively managing the effects of upcoming GAAP changes or new initiatives on Group and Subsidiary results
  • Liaison with Product Management and Sales functions to create and enforce commercial contracts with a view to ensuring optimal revenue recognition in line with the requirements of the company, including preparation of revenue recognition memoranda for complex customer software contracts under ASC 606 and working with Regional Financial Controllers and Accounts Receivable team to ensure accurate recognition outcome in the underlying ERP 
  • Financial Reporting
  • Leading the annual Group audit process including dealing with external auditors, agreeing timetables and ensuring timely delivery of audit information and audit closure
  • Providing oversight of Subsidiary audits, working in co-ordination with Regional Financial Controllers to align to the Group audit cycle and produce associated testing efficiencies, whilst ensuring filing deadlines are met
  • Preparation of annual Group financial statements reporting under US GAAP
  • Preparation of accounting memoranda for complex transactions, including accounting implications and disclosure requirements under US GAAP
  • Ensuring that the regulatory requirements of all statutory bodies are met
  • Equity and Investor Relations
  • Working with external advisors to prepare the annual Group valuation and associated equity/ stock-based compensation charges
  • Managing the Group’s Capital table via online tool, Carta. Ensuring issuance, vesting, cancellation and buy-backs of equity and pseudo-equity units are accurately captured and reported
  • Acting as the main point of contact for external investors, including providing unit holding information and responding to queries as required
  • Risk
  • Responsibility for ownership and implementation of all accounting processes, policies and controls, ensuring appropriate documentation in the form of an accounting policies manual and compliance with such policies through periodic internal review
  • Working with the Group Finance Director to manage company policies regarding capital requirements, debt, equity and taxation as appropriate
  • Preparation of papers for the quarterly Audit and Finance Committee meeting
  • Tax
  • In conjunction with external advisors, lead the preparation and filing of Group quarterly and annual state and federal tax returns and associated payments
  • In conjunction with Regional Financial Controllers and external advisors oversee the preparation and filing of Subsidiary corporation tax returns, incentive schemes (R&D, Capital Allowances) and indirect tax (VAT, SUT) return requirements
  • Projects
  • Assisting the Group Finance Director and CFO in performing financial due diligence on new investments and M&A targets
  • Delivering process improvements across the accounting team through the use of IT systems
  • Provision of periodic training sessions to the wider finance team on relevant, technical accounting subject matters
  • Ad hoc projects and other tasks as advised by the Group Finance Director.
  • Team
  • Lead, motivate and develop direct and indirect reports within the accounting function, ensuring opportunities are provided for career development and staff retention
  • Ensure team and personal deliverables are agreed, understood and adhered to and roles and responsibilities are clearly defined and documented
  • Education and Experience
  • Degree educated with a minimum upper second-class degree or international equivalent
  • Qualified ACA / CPA or equivalent with a minimum of 6 years post qualified experience
  • Previous experience of leading a small team
  • Experience working with either a ‘Big 4’ accounting firm or in a similar corporate role with significant exposure to US GAAP
  • Strong technical accounting skills including knowledge of reporting, financial statement preparation and disclosure requirements under US GAAP
  • Familiarity with ASC 606 and its application to software products
  • Commercially astute, articulate, technically strong and influential leader with the ability to operate at both strategic and operational levels
  • Exceptional communication and IT skills, with a focus on system development
  • Ability to handle high levels of pressure and critical decision-making
  • Benefits
  • Vibrant, centrally located offices
  • Private Medical & Dental (location dependent)
  • Retirement scheme & life insurance
  • Enhanced parental leave & family friendly policies
  • Competitive vacation allowance
  • Working from home & flexible working (as needed and agreed)
  • A competitive salary that reflects your experience and merit
  • Discretionary Equity Based Incentive Plan
  • Discretionary bonus
  • Employee Referral Program
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