A leading organization is in the process of acquiring the trade and assets of a key supplier (referred to as "supplier" in the job description). A new company (referred to as "Newco" in the job description) will be established for this purpose.
Job Description:
The role involves working within the Finance Transformation organization to support the UK Finance team in defining and implementing processes and tools for Newco - both for Day 1 acquisition and its ongoing operations.
The job holder will collaborate closely with the UK Accounting & Controlling team, the supplier's Finance Team, Central Finance Transformation teams, and IT teams.
Key Responsibilities:
Define the accounting requirements necessary for operating the new entity within established finance systems, including:
General Ledger accounting Fixed Asset Accounting Customer invoicing and receivable management (Accounts Receivable) Bank Accounting
Develop finance data flow processes from the supplier's systems (e.g., monthly balance and detailed costs) into the finance systems, including reconciliation requirements. Define the requirements and models for controlling and consolidation reporting. Organize and document system tests. Establish and document the finance data migration strategy, including opening balances. Execute and document the migration for Day 1 readiness. Post-Day 1 implementation, support daily operations and month-end closing processes to ensure timely and high-quality financial statements. This includes successful data submission to local controlling and group finance (consolidation). Contribute to the definition of the target finance systems and processes for Newco post-Day 1. Skills and Requirements: Strong understanding of finance and accounting functions, including the people, processes, and technologies supporting them. Solid background in accounting. In-depth knowledge of finance business processes, particularly Procure-to-Pay (P2P) and Order-to-Cash (O2C). Experience in project management. Familiarity with SAP Finance (user-level proficiency at a minimum). Strong analytical skills. Flexibility and the ability to work effectively in dynamic and evolving environments. Excellent negotiation and stakeholder management skills. Curiosity, open-mindedness, and a drive to promote innovative ideas and new ways of working.
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General Ledger accounting Fixed Asset Accounting Customer invoicing and receivable management (Accounts Receivable) Bank Accounting
Develop finance data flow processes from the supplier's systems (e.g., monthly balance and detailed costs) into the finance systems, including reconciliation requirements. Define the requirements and models for controlling and consolidation reporting. Organize and document system tests. Establish and document the finance data migration strategy, including opening balances. Execute and document the migration for Day 1 readiness. Post-Day 1 implementation, support daily operations and month-end closing processes to ensure timely and high-quality financial statements. This includes successful data submission to local controlling and group finance (consolidation). Contribute to the definition of the target finance systems and processes for Newco post-Day 1. Skills and Requirements: Strong understanding of finance and accounting functions, including the people, processes, and technologies supporting them. Solid background in accounting. In-depth knowledge of finance business processes, particularly Procure-to-Pay (P2P) and Order-to-Cash (O2C). Experience in project management. Familiarity with SAP Finance (user-level proficiency at a minimum). Strong analytical skills. Flexibility and the ability to work effectively in dynamic and evolving environments. Excellent negotiation and stakeholder management skills. Curiosity, open-mindedness, and a drive to promote innovative ideas and new ways of working.
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