Senior Financial Accountant - Development

Department : Accounts

Company : Canary Wharf Limited

Reporting to : Financial Controller - Development (Interim)

Our Culture and Values :

Working at Canary Wharf Group means working for a forward thinking, collaborative team. We hire staff who strive to make a difference and achieve the highest standards. Everyone is empowered to make a difference and our ethos encourages everyone to think like an owner. Our business puts our customers and people at the heart of everything, we work to meet their needs and exceed expectations.

Our mission is to empower our people, engage our communities and create sustainable places.

Our values help us achieve exceptional results :

Excellenc e : Commit to achieving the best with integrity

Collaboration : Make use of our vast experience and knowledge to work effectively together

Engagement : Develop our people, our communities, our stakeholders and our suitable environment and be exceptional while respecting others

Ownership : Take responsibility and pride in what we deliver. Everyone has the opportunity to make a difference.

Innovation : Embrace change and encourage innovation

Job Summary :

Senior Financial Accountant within the Development segment financial accounts team. The role is responsible for the reporting of the actual results of certain developments and legal entities within the Development segment on a quarterly basis internally and to JV parties. The role will require interaction with multiple stakeholders internally and externally including the development debt and JV parties.

The Development segment comprises the development and construction elements of the wider CWG business. The Group currently has over £2bn of construction activity and a pipeline that includes more than 500k square feet NIA of commercial properties and over 2,300 new homes for sale and rent. The Development team are responsible for the initial activities of the development process; analysing the development potential of our land bank and commissions design teams to design concept schemes for consideration. The Construction Group is responsible for the build of the project, managing contractors and activities on site.

The role will assist the finance team to ensure an efficient quarterly close process for shareholder reporting and interim and year end statutory financial reporting as well as high quality management information, analysis and insight is available.

4 days office / 1 WFH

Annual Salary circa £75k

Main Responsibilities :

1.Ensure quarterly segment reporting is prepared accurately and in accordance with the requirements of the Group’s main reporting deadlines Responsible for the reporting of the actual results of certain developments and legal entities within the Development segment on a quarterly basis internally and to JV parties. Detailed quarterly review of quarterly results and preparation of associated support schedules to ensure that financial information is accurate.

2.Responsible for preparation of management accounts for reporting to joint venture partners, including consolidations. Working with the Development management team review of funding requirements and facilitating equity calls from the JV partners.

3.Take ownership from a financial accounts perspective in interactions with tax, legal and development finance on restructuring, debt deals and other corporate transactions. Preparation of the accounting papers to support the treatment of the transactions.

4.Reconcile cost incurred to date to construction and development cash flows and development finance draw downs.

5.Delivery of the UK GAAP or IFRS compliant annual financial statements within the required timeframe and iXBRL tagging, acting as the main point of contact with auditors and dealing with audit queries

6.Ensure intercompany billings for the segment are up to date and work with tax to ensure cashflow impacts are understood and forecast.

7.Management of a financial accountant, including performance management, training and development.

8.To identify and implement system and process improvements.

9.To assist in the application of new accounting standards as necessary, including FRS 102 and IFRS

10.Perform other finance tasks as required.

What We Require of You :

1.Must be ACA or ACCA qualified with a minimum of 2 years post qualified experience. Experience of having worked in an industry financial accounting role in the development / construction industry is essential.

2.Must have a good understanding of accounting standards; including old UK GAAP, FRS 102, IFRS and Companies Act requirements for financial statements, specifically those that apply to the development / construction industry.

3.Must possess excellent IT skills and be an advanced user of MS Excel. Experience in using Yardi and CaseWare Accounts Production software would be advantageous.

4.Bring energy and passion for what they do. A self-starter that is prepared to challenge the norm and explore new ways of doing things.

5.Strong attention to detail and agility to work across a range of areas is critical. Must be able to take ownership of tasks, bear responsibility for work produced.

6.Very organised with exceptional time management skills – able to work under pressure, prioritising and meet competing deadlines. Ability to effectively manage upwards is essential.

What We Offer :

Diversity and Inclusion : We recognise the importance of embracing diverse experience, skills and perspectives at all levels and operating in an inclusive working environment, in order for everyone to reach their full potential. We also recognise that it makes business sense, since being an inclusive employer leads to better business performance and higher levels of employee engagement and satisfaction. We welcome applicants with diverse backgrounds, perspectives and skills and are committed to fostering a culture whereby everyone can reach their full potential.

Flexible Working : As an inclusive employer, we recognise the positive impact flexible working can have on an individual, their wellbeing, engagement and productivity. Therefore, we are open to consider flexible working arrangements, both temporary or permanent.

Learning and Development : At Canary Wharf Group, our employees receive a wide range of support to help improve their skills and achieve their career goals. We offer development opportunities through classroom and e-learning training, mentoring, cross department experience and on the job learning. We heavily invest in our staff attaining accreditations to develop existing and new skills, support chartered status, sponsorships and provide further educational opportunities which are job and business related. We never stand still and continually invest in developing skills and knowledge to ensure individual and company growth.

Other Benefits : We are committed to building a safe, happy and healthy community for our employees and we offer a comprehensive range of benefits, all designed with our employees and their wellbeing in mind. From generous pension and insurance plans, to health benefits, subsidised gym membership, store discounts and family leave, our benefits package allows our employees to choose the benefits that suit them and their individual needs.

If you are interested in joining our highly professional and skilled team for our next exciting phase of development, please complete the form on this page to apply online.

Early applications are encouraged as we reserve the right to appoint at any point.