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Senior Technical Finance Manager

Location: 

London, ENG, GB, N1C 4AG

Brand:  RS
Function:  Finance
Work Location:  Hybrid

Location: This is a hybrid role, offering a combination of being able to work remotely and from our London office.

 

Contract Type: Permanent

 

The Opportunity

The Group Financial Reporting team is responsible for preparing the Group's half-year and year-end consolidated financial statements, working closely with external auditors to ensure compliance and accuracy. The team also oversees the statutory accounts process for the Group's subsidiary entities.

In addition, the team provides technical accounting guidance and support across the business, including the development, maintenance, and communication of Group accounting policies.

This role sits within a small, high-performing team responsible for delivering high-quality financial information to both internal and external stakeholders. The team's remit extends beyond the timely and accurate production of financial reports to ensuring that information received from markets and regions is consistent, meets IFRS requirements, and is collected through efficient and streamlined processes. The successful candidate will play a key role in producing financial reporting that is accurate, insightful, clearly presented, compliant with relevant accounting standards, and easily understood by stakeholders. The position has a particular focus on technical accounting matters and external financial reporting.

 

 

What You Will Be Doing

 

Group year end and half year end reporting

  • Preparing / reviewing the most complex areas of the Group's financial statements and disclosures, including share-based payments, business combinations, impairment assessments, leases, financial instruments, provisions, restructuring activities, income taxes.
  • Preparing plc’s accounts in accordance with FRS 102 and Companies Act for inclusion in the Group’s Annual Report.
  • Contributing to and conducting quality control and consistency reviews of the Group’s Annual Report and Half Yearly Report, preliminary announcement, results presentations and scripts.
  • Liaising with the external auditors ensuring successful year end audit and half year review.
  • Determining requirements and leading collection of year-end supplementary disclosures information.
  • Reviewing working papers prepared by other members of the team.
  • Preparing technical areas of financial statements including share-based payments.
  • Drafting of accounting papers on key accounting matters and judgements that arise.
  • Maintaining and enhancing control activities relating to technical accounting matters, ensuring compliance with IFRS, FRS 102 and Group accounting policies, and supporting the integrity of key accounting judgements and disclosures.

 

Subsidiary statutory accounts

  • Review / prepare the UK subsidiary statutory accounts in accordance with FRS 102 and Companies Act.
  • Review the overseas subsidiaries’ statutory accounts and reconcile to the submissions into the Group Consolidation system.

 

Monthly reporting

  • Review / prepare the calculation of the fair value of the Group’s multiple share-based payment arrangements (both equity-settled and cash-settled) in accordance with IFRS 2 and FRS 102 and ensure they are accounted for properly.
  • Aid on IFRS16 accounting and how to use the Group’s lease management system.
  • Review complex accounting transactions and non-recurring items to ensure consistent application of Group accounting policies and accounting standards.
  • Review the UK holding companies’ trial balances, monthly submissions and forecasts for accuracy and completeness.

 

Planning and forecasting

  • Provide support to the rest of the Group Finance team with any technical accounting questions on the Group rolling forecast.
  • Provide or review the forecasts for certain areas, including share-based payments, leases and amortisation of acquired intangibles.

 

Technical accounting expertise

  • Lead the assessment and implementation of new accounting standards, amendments and regulatory reporting requirements, including preparation of impact assessments and stakeholder communications.
  • Coordinate the review and governance of significant accounting judgements and estimates, ensuring appropriate documentation, challenge and consistency across the Group.
  • Deliver training to global finance teams on accounting standards and other areas.
  • Maintain and update the Group Finance Manual.

 

Systems administration

  • Be one of the system administrators for the Group’s OneStream consolidation and planning systems. This includes answering queries from the businesses on how to use OneStream.
  • Be the system administrator and main point of contact with the supplier for the Group’s lease management system and train new users.

 

Other

  • Prepare and present technical accounting papers, financial reporting updates and emerging accounting developments to senior management, the Audit Committee and external auditors.
  • Assist with purchase price allocations for acquisitions.
  • Assist with providing advice on how to account for Group reorganisations.
  • Support projects including wider business and systems transformation.

 

 

What You’ll Bring

  • Qualified accountant.
  • Strong accounting technical skills with in-depth understanding of IFRS, FRS 102 and UK Companies Act from an international Group perspective.
  • Detailed working knowledge of IFRS 2, various valuation models and how to apply them to measuring share-based payment arrangements.
  • Track record of managing external audits towards timely completion.
  • Self-motivated with a positive can-do attitude and a proven ability to work under time pressure to tight deadlines.
  • Excellent IT skills, especially excel, and experience of consolidation systems e.g. OneStream.
  • Proactive desire to add value and improve existing processes with the ability to think of a variety of different solutions.
  • Dynamic attitude toward future development – eager to progress and invest in own future and development.

 

We Are RS

At RS, we are making amazing happen for a better world.

 

As a global product and service solutions provider, we help industrial customers operate more efficiently and sustainably. Operating in 33 markets, we support around one million customers worldwide with more than 875,000 stocked products, access to over five million additional products, and a range of service solutions designed to help businesses thrive.

 

What sets us apart is our people. More than 8,500 colleagues around the world bring technical expertise, digital innovation, and a customer first mindset to everything we do. Guided by our values – We are one team, We deliver brilliantly, We do the right thing, and We make every day better, we're creating an environment where our people can grow, contribute and make a meaningful impact.

 

Join us and help make amazing happen.

 

Rewards

Our Reward Strategy Philosophy is designed to offer market competitive base salaries and provide all of our people the opportunity to participate in a short-term incentive, enabling them to share in the success of the Company.

 

Our total reward package is more than just the cash; our recognition and benefit offering provide the opportunity for us to recognise, reward and enable the wellbeing of our people at all stages of their journey with RS. Our rewards and benefits vary by country, but include:

  • Financial - pension/retirement; life assurance; salary finance (payroll deduction loan scheme)
  • Wellbeing - medical plans; health screening; critical illness; disability insurance; holiday / paid time off; employee assistance programme; discounted gym/health club membership
  • Lifestyle - transportation assistance schemes (e.g., cycle to work, travel loans, car leasing); onsite catering/lunch vouchers; retail discounts
  • Spotlight – our global recognition programme provides a platform to highlight and recognise people role modelling our values

 

Ready to Make Amazing Happen?

Join over 8,500 colleagues and help us shape the future of our industry. Whoever you are, wherever you are — it all starts here.

 

Apply now and make RS a part of your journey.

 

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