Group Accountant in London

What is a group accountant?

A group financial accountant is based in a head office and will oversee the accounts of all subsidiary companies within the group. As well as completing consolidation, reporting and forecasts, this role is responsible for ensuring each company adheres to reporting standards and is financially compliant.

Group accountant job description and responsibilities

The group accountant usually reports into the group finance controller and will provide financial guidance and support for a group of companies. They are responsible for all manner of financial reporting, budgeting, forecasting, consolidation and—most importantly—maintaining regulatory compliance across all companies in the group.The role involves interacting with all levels of the business, from senior stakeholders to external parties and the finance team as a whole. Daily tasks include:Financial reportingMonth end reporting and consolidationGroup statutory reportingCompleting subsidiary accountsQuarterly bank reportingPreparing annual budgetsLiaising with external or internal auditorsAnswering financial queriesPreparing quarterly financial forecastsMaintaining company compliance standard

Group accountant job qualifications, skills and experience

As well as a minimum professional AAT qualification, group accountants are expected to have a degree in one of the following subjects (or related):AccountingFinanceMathematicsA group accountant should be a fully qualified ACA/ACCA/ICAS accountant and would ideally have excellent knowledge of accounting standards (IFRS, FRS etc.). Industry experience is usually preferred.For career success, the following personal qualities are beneficial:Excellent written and verbal communicationAbility to work independentlyExcellent attention to detailGood organisational skillsGood time management

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Accounting Functions
Accounting Software Systems
Balance Sheet Account
Budget Processes
ERP - Enterprise Resource Planning
ERP Solutions
Salary for Group Accountant in London
65880 - 80825
25th Percentile
Little or no prior experience in the position; still developing relevant skills. Demand: Low
50th Percentile
Some prior experience in the position; has several relevant skills. Demand: Moderate
75th Percentile
Extensive prior experience in the position; has mastered relevant skills. Demand: High
Projected salaries for related positions Position title 25th Percentile 50th Percentile 75th Percentile Chief Financial Officer 152500 207400 250100 Group Finance Director 134505 154330 170800 Finance Director 102785 122000 150670 Shared Service Centre Director 94550 107360 122000 Group Financial Controller 93330 112545 155550 Financial Controller 82655 100040 110105 Finance Manager 65270 75640 80520 Qualified Management / Financial Accountant 60390 65880 70760 Director of Audit & Risk 106140 111935 128100 Internal Audit Manager 70150 79300 85400 Internal Auditor 61000 64965 71675 Treasury Manager 79605 88450 95160 Treasury Accountant 61000 66490 75030 Tax Manager 71370 86620 106750 Tax Accountant 61305 67100 75030

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