EST 1985
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Serving classified ads since 1985.
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Financial Reporting Manager


About The Role

Our finance team are a centralised Group function based in our South London Southfields Head Office. We are seeking a Financial Reporting Manager to lead a team of up to five Management Accountants and deliver a range of responsibilities including:

Period End Preparation & Review
  • Prepare consolidated P&L, BS and Cash-flow statement in timely manner, post consolidation journals
  • Gross margin calculation, stock reconciliation, transport costs analysis, P&L and BS rec, including posting of month end journals
  • Accounting for UK holding companies, IC interest calculation and posting to Sun system.
  • Detailed review of P&L and BS for UK and International companies on monthly basis.
  • Propose final journals for the UK P&L and Balance Sheet, explaining significant costs, variance to budget / re-forecast.
  • Weekly meetings with direct reports.
  • Weekly / Monthly reporting to Director of Group Finance in relation to current progress of Finance projects and BS reconciliations.
  • Monthly review of Debtors, Creditors and Control accounts.

Payments & Beneficiary
  • Approval and review of UK & International payments (non-trade, property, stock, government, payroll and cash expenses). Improving UK payment process.
  • Initiate weekly payments run (ad hoc payments should be made by exception and not by norm)

  • Review Vat returns before final sign off by Tax Director
  • Prepare vat return if necessary to cover Management Accountants, if necessary (contingency)
  • VAT audits: Coordinate VAT audits when applicable

Audit and Tax
  • Preparing statutory accounts for main UK Company and holding companies.
  • Coordinate preparation of other brand specific statutory accounts
  • Review statutory accounts prepared by Management Accountants
  • Audit: preparation and coordination of UK deliverables, TB's, Balance Sheet Rec's,
  • Audit: Coordinate direct reports
  • Taxation: completion of detailed tax packs including back up reports for UK and International tax packs.

About You

  • CIMA, ACCA or ACA qualified
  • Excellent level of commercial awareness
  • Must have multisite, retail and/or margin/stock experience
  • Highly motivated and 'can do' attitude
  • Exceptional communication skills - both written and verbal
  • Ability to work autonomously whilst being integral part of the team
  • Attention to detail and consistent approach with focus on delivering results
  • Able to build strong and professional relationships at all levels

About Us

Headquartered in London, the business comprises five premium British brands, including the leading womenswear retailers Hobbs, Whistles and Phase Eight. The business is wholly owned by The Foschini Group Limited, a leading South African retail Group with more than 4,000 outlets in 32 countries.

TFG London has taken advantage of the challenging retail market to build a strong, profitable and growing presence within premium womenswear. It first acquired the international womenswear retailer, Phase Eight, for £238 million in January 2015. This acquisition was followed by that of the contemporary womenswear brand Whistles in March 2016 and premium British womenswear brand Hobbs in November 2017.
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