Financial Accounting Manager

Job title: Financial Accounting Manager
Ref: 40017
Division: Finance & Commercial
Location: Reading - Clearwater Court - RG1 8DB
Contract type: Fixed term/Secondment
Full/Part-time: Full-time
Salary: Offering between £65,000 to £72,000 per annum depending on experience
Job grade: C
Closing date: 07/03/2025

The Financial Accounting Manager is responsible for leading a team of Management accountants performing general accounting functions for the Operations Business in addition to the communication and promotion of financial position, insight, governance and control within the business.

This includes the responsibility for the accurate monthly, periodic and annual financial and regulatory reporting, providing insightful analysis of outputs, run rates and efficiencies across both operational and capital expenditure in conjunction with operational performance metrics.

What you'll be doing as a Financial Accounting Manager:

• Leading a small team of management accountants; taking responsibility for their progression and development; ensuring all tasks are completed within agreed timescales and to a high quality.
• Govern and approve the period close financials for Capital income, Opex and Capex in accordance with the agreed close schedules and timetables.
• Lead the coordination and preparation of the regulatory accounting returns within the Asset Operations and Capital Delivery business area.
• Complete impairment assessment and fixed asset register clean up for half year and year end reporting.
• Utilize technical knowledge to support the wider Asset Operations and Capital Delivery with accounting queries and writing accounting papers.
• Ensure capital recharges are appropriate and that the business gets the best value for the allowed spend (in readiness for viewing costs on a Totex basis within Operations).

This is a fixed term contract 12 - 18 months (Maternity Cover).

Working pattern: 36 hours

What you should bring to the role:

• Systems experience with SAP and HFM.
• Demonstrate thorough knowledge of accounting principles, systems, and procedures.
• Experience in a leading or managerial role.
• Excellent knowledge of financial statements.
• Knowledge and understanding of IFRS.

What's in it for you?

• Competitive salary: from £65,000 to £72,000 per annum depending on experience.
• Annual Leave: 26 days holiday per year increasing to 30 with the length of service (plus bank holidays).
• Annual Bonus.
• Generous Pension Scheme through AON.
• Private Medical Health Care.
• Access to lots of benefits to help you take care of you and your family's health and wellbeing, and your finances - from annual health MOTs and access to physiotherapy and counselling, to Cycle to Work schemes, shopping vouchers and life assurance.

Thames Water is a unique, rewarding and diverse place to work, where every day you can make a difference, yet no day is the same. As part of our family, you'll enjoy fast-tracked career opportunities, flexible working arrangements and excellent benefits.

Whether you're interested in a role in one of our call centres or science labs, we're looking for people like you with real passion and a burning desire to make things better.

So, if you're looking for a sustainable and successful career where you can make a daily difference to millions of people's lives while helping to protect the world of water for future generations, we'll be here to support you every step of the way. Together, we can build a better future for our customers, our region and our planet.

Disclaimer: due to the high volume of applications we receive, we may close the advert earlier than the advertised date, so we encourage you to apply as soon as possible to avoid disappointment.