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This key role demands a blend of astute leadership from a Housing Association, and comprehensive technical accounting proficiency ( ACA ), together with the ability to articular complex financial concepts.
Central to this mandate is the cultivation of a high-performing team comprising qualified and part qualified accountants
Client Details
Our client is a large organisation in the Housing industry. They are a respected employer, known for their commitment to delivering top-quality services and maintaining a professional and supportive work environment.
Description
Financial responsibility:
People responsibility: Autonomy:
circa £7billion (accounting for Fixed assets)
4 Direct reports
This role will have the autonomy to decide how the team operates, resources are deployed and how work gets done, within the parameters of our client's overarching values, policies and controls.
Key Accountability's:
Reporting & Analysis
* Manage all administrative and accounting activities relating to our client's fixed asset
register and balance sheet disclosure, including input into the annual financial
statements as part of our client's annual report. Other reporting submissions including
the office for national statistics (ONS) returns, and input into housing regulator
returns as applicable.
* Accountable for ensuring the fixed asset register is kept up to date, reconciled and
compliant with our client's capitalisation policy.
* Lead regular reviews of the fixed asset portfolio to identify indicators of impairment
and provide the annual impairment review summary for external audit review.
* Manage the annual external audit process for fixed assets working with the Head
of Financial Accounting to ensure timely audit sign-off.
* Proactively liaise with senior stakeholders including executive board and senior
Directors across directorate teams and their Finance leads (e.g. development &
sales, customer, enabling services) to offer technical capital accounting advice and
influence, to ensure key operational and project activities are structured efficiently
and conform to latest accounting standards and regulations.
* Take ownership of identifying opportunities for process optimisation, automation,
and best practice implementation within your area of control, and lead and
champion initiatives to drive continuous improvement in financial processes and
systems, enhancing efficiency and accuracy.
Accounting & Compliance
* Proactively develop and refine comprehensive capitalisation policies,
ensuring ongoing adherence to latest accounting standards (FRS 102/SORP) and
other regulatory requirements. This includes providing advice and guidance on
fixed asset accounting practices, aligning legacy approaches to one approach.
* Work with the Financial Control manager, develop and maintain a robust financial
control framework for fixed assets across all legal entities, ensuring financial
integrity for the balance sheet, aligned with industry best practices and
regulatory requirements, including reconciliation and appropriate follow up of
balance sheet transactions.
* Produce annual, quarterly, monthly fixed asset summaries for statutory, regulatory
and other external reporting needs for each of the legal entities.
* Ultimate accountability for the ongoing administration surrounding the fixed asset
ledger during the year / month end process, ensuring that appropriate controls are
in place and adhered to.
* Liaise with other finance and non-finance teams to ensure fixed asset accounting
decisions are taken with due regard to the tax and accounting requirements and
implications.
* Serve as the primary point of contact for fixed assets for external auditors during
the annual audit process, providing necessary documentation, explanations, and
support to facilitate a smooth audit.
* Proactively assess the impact of regulatory changes on financial reporting and fixed asset accounting policies, making necessary adjustments to maintain compliance.
Leadership
* Lead the Fixed Asset team with a focus on articulating a clear vision, providing
direction, and fostering a culture of accountability, high performance, and continuous
improvement.
* Allocate resources efficiently and effectively within the team, managing workload and
priorities.
* Ensure oversight of relevant systems, processes, policies, and resources to ensure that
the Fixed Asset team provide professional, reliable, and responsive services to the
business.
Profile
A successful Fixed Asset and Capital Accounting Manager should have:
- Qualified Accountant, ACA, CIMA, ACCA,
- Extensive knowledge of relevant legislation eg FRS102, Housing SORP and wider financial accounting standards (IFRS).
- Housing Experience and Team Leadership.
- Fixed Asset and Capital Accounting
- UK Right to Work
- Local/ Commutable to Basingstoke
Job Offer
- A competitive salary range £70,000 - £80,000.
- A supportive and professional work environment in the business services industry
- Hybrid Working
- Opportunities for professional development and career progression
- The chance to work in a large organisation that values its employees
