Director Group Consolidation and Reporting, Open to flexible working

Location
Brentford (City/Town), London (Greater)
Salary
£Competitive
Posted
08 Apr 2021
Closes
20 Apr 2021
Ref
283737
Contract Type
Permanent

Are you a qualified finance professional looking for a highly visible role in a Global organisation with real purpose? We have an exciting opportunity for a Group Consolidation and Reporting Director to join our team in Brentford!

As Director Group Consolidation and Reporting, your role sits within the Corporate Financial Controller organisation and provides an excellent opportunity to gain an enterprise-wide perspective of the GSK Group and to gain development in a consolidation and reporting role. You will be responsible for managing aspects of the consolidation of the GSK Group results as well as providing challenge and insight through the presentation of high quality business information and analytics to the level of the Board, Corporate Executive Team (CET), Group CFO and Group Financial Controller on the GSK Group consolidated results.

The role will require direct contact with the Group CFO, Group Financial Controller and will also require working closely with finance teams at all levels within finance shared services (GFS) teams, Corporate teams and the commercial operating units.

The key accountabilities for this role will encompass:

  • Co-ordinate the group consolidation, analysis and internal reporting for GSK's actual results, with specific focus on the Group's balance sheet and cash flow.
  • Responsible for the integrity of the Group's consolidated balance sheet and cash flow.
  • Responsible for managing various parts of the GSK Group consolidation process and liaising with the GFS teams and wider business to ensure successful delivery of the consolidated Group results.
  • Responsible for ensuring alignment of GSK's management results with external reported statutory results.
  • Providing high quality financial analytics to support the external results process, including the quarterly earnings releases and Annual Report.
  • Providing ad hoc financial analysis to support the Group CFO, Group Financial Controller and Corporate Investor Relations team.
  • Support the planning and preparatory work for the separation of GSK into two separate companies and to ensure the any changes for the new Biopharma Group consolidation process have been designed and implemented in line with the agreed project plan.
  • Provide instructions to legal entities on accounting for acquisitions/disposals and ensure these are controlled within GSK's consolidated results (working in conjunction with the Director, Mergers, Acquisitions and Divestments).
  • Deputise for Director Corporate Reporting.

This role is part of the Corporate Reporting (Group Consolidation) team and reports to the Director, Corporate Reporting. The Corporate Reporting team sits within the Corporate Financial Controller group led by the Group Financial Controller.

This role will provide YOU the opportunity to lead key activities to progress YOUR career. These responsibilities include some of the following:

Group Consolidation and Reporting

  • Ensure that journals for all income statement accounts below operating profit and all balance sheet accounts are reviewed, authorized and processed correctly.
  • Responsible for review of the Balance Sheet and Cash Flow detailed analysis included in the quarterly Briefing Book and the monthly Finance and Board Report
  • Promote and initiate process improvements in all areas especially balance sheet and cash flow preparation, analysis and review.
  • Preparation and maintenance of relevant consolidation process documentation to meet Sarbanes-Oxley requirements
  • Acting as a key interface with internal and external auditing activities regarding the Group consolidation.
  • Assist in the management of Global Corporate policies in all aspects of actual reporting and monitoring compliance.
  • Ensuring correct allocation of foreign exchange between income statement and equity
  • Review and analysis of the provisions accounts to ensure appropriate accounting and disclosure for external reporting purposes.
  • Establish close links with External Reporting and Corporate Mergers, Acquisitions and Divestments teams so that guidance on accounting for new acquisitions/ disposals/ collaborations is agreed and appropriate for GSK.
  • Review of the Statement of Recognised Income and Expense (SORIE).
  • Review of the validation of system generated translation exchange.
  • Responsible for ensuring intercompany reorganizations are accounted for correctly and movements in net investment are properly explained.
  • Support the planning and preparatory work for the separation of GSK into two separate companies and to ensure the any changes for the new Biopharma Group consolidation process have been designed and implemented in line with the agreed project plan.
  • Provide financial analysis to the Group CFO, Group Financial Controller and Investor Relations to facilitate the preparation of the quarterly Announcements and Investor briefings.
  • Management of the review of the Group's intangible assets and goodwill, including management of the quarterly and annual impairment review processes.
  • Coordination of the year end accounting instructions and the year-end guidance workshops, including the annual dry run of the year end data capture.
  • Acting as a key interface with internal and external auditing activities regarding the Group consolidation process during year end and hard close audits (including Sarbox Phase 1, Phase 2 and year-end audit processes).
  • Preparation and maintenance of relevant consolidation process documentation to meet Sarbanes-Oxley requirements

Other

  • Member of the Corporate Reporting management team with responsibility for input into departmental strategy and general management of the team.

APPLICATION CLOSING DATE - 20th April 2021

Please take a copy of the Job Description, as this will not be available post closure of the advert.

When applying for this role, please use the 'cover letter' of the online application or your CV to describe how you meet the competencies for this role, as outlined in the job requirements above. The information that you have provided in your cover letter and CV will be used to assess your application.

Why you?

Basic Qualifications:

We are looking for professionals with these required skills to achieve our goals:

  • Educated to degree level and member of Professional Finance Institute or equivalent qualification (ACA, CIMA, ACCA, CPA, MBA or equivalent)
  • Demonstrable relevant experience of Financial Reporting and Control in a large multi-national organisation with a highly complex matrix environment, ideally including experience of multi-national group consolidations
  • Knowledge and experience of Internal Control Frameworks including Sarbanes Oxley
  • High degree of technical competence in Financial Accounting/consolidation principles
  • Demonstrated experience engaging with senior management and all levels of the organisation with ability to influence, negotiate and facilitate resolution of issues
  • Financial and analytical proficiency, good attention to detail
  • Ability to work independently and to prioritise multiple demands with varying degrees of complexity and apply project management skills
  • Results focus, ability to achieve quality and deliver on deadlines is essential
  • Strategic thinker with the ability to solve complex problems and deliver improvements to existing business processes
  • Experience of managing staff especially through a changing environment
  • Strong interpersonal, communication & effective influencing skills
  • Challenge existing processes to ensure they provide high quality information on a timely basis
  • Identifying the need for and responding quickly to change
  • Demonstrable risk management, process improvement and project management skills

Preferred Qualifications:

If you have the following characteristics, it would be a plus:

  • Experience in managing / working with an outsourced services provider an advantage
  • Understanding of GSK accounting policies as they should be applied at an Operating Unit/Legal Entity level, including the treatment of Intercompany transactions (particularly supply of goods cross-border) and intellectual property ownership structures
  • Sound knowledge of current accounting standards with good knowledge of GSK's financial processes and consolidation system

Why GSK?

At GSK, we're a company with a special purpose, to help people do more feel better and live longer. Realising our purpose starts with us. When we feel at our best, we perform at our best.

When you set out on your adventure at GSK, we make a deal. You commit to living GSK's values and expectations and performing against our Innovation, Performance and Trust priorities. And in return, GSK commits to providing the right environment for you to thrive. Put simply, it's about you being motivated to do your best work, in a place where you can be you, feel good and keep growing.

Together we build an environment where we can all thrive and focus on what matters most to each of us. It is only through the energy, dedication, drive and passion of all of us that we can be the very best for GSK, and importantly, for our patients and consumers.

*LI-GSK

As a company driven by our values of Patient focus, Transparency, Respect and Integrity, we know inclusion and diversity are essential for us to be able to succeed. We want all our colleagues to thrive at GSK bringing their unique experiences, ensuring they feel good and to keep growing their careers. As a candidate for a role, we want you to feel the same way.

As an Equal Opportunity Employer, we are open to all talent. In the US, we also adhere to Affirmative Action principles. This ensures that all qualified applicants will receive equal consideration for employment without regard to race/ethnicity, colour, national origin, religion, gender, pregnancy, marital status, sexual orientation, gender identity/expression, age, disability, genetic information, military service, covered/protected veteran status or any other federal, state or local protected class*(*US only).

We believe in an agile working culture for all our roles. If flexibility is important to you, we encourage you to explore with our hiring team what the opportunities are.

As you apply, we will ask you to share some personal information which is entirely voluntary. We want to have an opportunity to consider a diverse pool of qualified candidates and this information will assist us in meeting that objective and in understanding how well we are doing against our inclusion and diversity ambitions. We would really appreciate it if you could take a few moments to complete it. Rest assured, Hiring Managers do not have access to this information and we will treat your information confidentially.

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