Description
Finance Manager - Technical AccountingGSK
£600 - £625 via Umbrella
6 month contract
Location: Brentford (hybrid remote working)
Business Area: R&D Finance
Job Purpose:
Function as a key technical accounting advisor for the Deal Accounting & Alliance Finance Team, providing technical accounting guidance and support for newly formed deals and alliances in R&D, including in-licensing, out-licensing, acquisitions, venture funds, divestments and terminations.
Role Description:
Provide technical accounting support and advice, prepare accounting approval papers
Provide technical accounting guidance and support for newly formed deals and alliances in R&D, including in-licensing, out-licensing, acquisitions, venture funds, divestments and terminations.
Prepare accounting papers detailing the accounting treatment required for new or amended deals and alliances.
Prepare financial approval papers, including coordination of inputs and approvals from External Reporting, Tax and Treasury, for new deals in R&D.
Support acquisitions and integrations as needed, including technical accounting and agreeing mechanics of invoicing, working with External Reporting, Tax and Treasury as well as assisting R&D FDs with setting up of system coding for budget reporting purposes.
Provide support for divestments and associated transitional services as well as some complex alliances as needed.
Provide ad-hoc accounting advice and support to R&D World Wide Business Development (WWBD) and the R&D Finance community.
Support budget and cash forecasting activities for new deals.
VC Funds, Investments in Associates and Joint Ventures and Equity Investments
Support accounting for Venture Capital investment arrangements, Equity Investments and Investments in Associates and Joint Ventures undertaken by R&D.
Review R&D equity investments each quarter for changes in fair value and account for impairments as necessary.
Responsible for reviewing and ensuring completeness of monthly Corporate equity investment schedules and for completing Corporate Secretariat updates.
Responsible for updating budgets and forecasts relating to Investments in Associates and Venture Capital investments, as well as for reporting variances and providing commentary.
Month-End Reporting
Participate in month-end review of alliance related journals, transactions, balance sheet reconciliations, commentary and Sarbanes Oxley control responsibilities.
Support Corporate and R&D Finance Team Processes and Compliance
Manage financial processes and analytical support relating to external deals and alliances.
Ad-hoc requests and queries, data provision, etc. for stakeholders.
Seek to continually improve Deal Accounting & Alliance Finance team processes and participate in process improvement and simplification projects.
Appreciate and adhere to Sarbanes Oxley controls and participate in testing, process and control improvement activities.
Skills required for this role:
The following skills and capabilities are useful to succeed in the role and a candidate should therefore have these skills or have the potential to develop them once in the role.
Strong technical accounting skills: proven solid judgement and track record in applying technical accounting in an advisory capacity to senior leaders.
Communication skills and experience in communicating potentially complex accounting treatments in a simple, understandable and compelling way, including an ability to distil detailed accounting rules into key principles. Must be able to communicate confidently and effectively (verbal and written) with people in a range of disciplines from external auditors and other technical accounting teams to business leaders and non-accountants with very different levels of knowledge and understanding of accounting.
Ability to work across boundaries: Stakeholders are based in different locations around the world, and stakeholders are part of different departments and teams in R&D and the wider GSK.
Qualifications and experience required:
Undergraduate degree or equivalent
Accounting qualification (eg ACA, CIMA, ACCA)
Minimum 3 year in finance and/or accounting - ideally big 4 accounting firm background.
Strong technical accounting knowledge
Experience of working in an advisory capacity to Finance colleagues and senior management, applying technical knowledge to complex business proposals.
Strong Excel skills
Preferred qualifications and experience:
Education in sciences (eg for the undergraduate degree)
Business education (eg for undergraduate degree, MBA, otherwise)
Previous experience with large, complex multi-national companies and/or a Matrix structure organisation
Previous experience in the Pharma, Biotech, Healthcare or similar industry
Reports to: Finance Director, Deal Accounting & Alliance Finance