Group Accountant in United Kingdom

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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Salary for Group Accountant in United Kingdom
54000 - 66250
25th Percentile
54000
Little or no prior experience in the position; still developing relevant skills. Demand: Low
50th Percentile
61500
Some prior experience in the position; has several relevant skills. Demand: Moderate
75th Percentile
66250
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 125000 170000 205000 Group Finance Director 110250 126500 140000 Finance Director 84250 100000 123500 Shared Service Centre Director 77500 88000 100000 Group Financial Controller 76500 92250 127500 Financial Controller 67750 82000 90250 Finance Manager 53500 62000 66000 Qualified Management / Financial Accountant 49500 54000 58000 Director of Audit & Risk 87000 91750 105000 Internal Audit Manager 57500 65000 70000 Internal Auditor 50000 53250 58750 Treasury Manager 65250 72500 78000 Treasury Accountant 50000 54500 61500 Tax Manager 58500 71000 87500 Tax Accountant 50250 55000 61500

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