About the job
Join the dynamic Finance department of one of the UK’s foremost multi-brand retailers in this exciting opportunity. At Frasers Group, we prioritize professional development and provide an environment where innovation thrives.
This role is diverse and ever-evolving, ensuring that each day brings new challenges. With no rigid processes in place, you will have the chance to enhance and refine our financial procedures. Every team member is encouraged to make a personal impact, with supportive senior management available to assist.
Key Responsibilities:
IFRS16 Lease Accounting:
- Assessing new leases for IFRS16 applicability and integrating them into the lease accounting system.
- Adjusting existing leases for modifications or disposals as necessary.
- Reconciliation between the lease accounting system and property database.
- Identifying lease payments for reversal under IFRS16.
- Monthly IFRS16 reporting to the Group team.
- Collaborating with internal property stakeholders on lease inquiries and preparing for yearly audits.
- Working with External Auditors during year-end audit processes.
- Incorporating new business acquisitions involving leases under IFRS16.
- Preparing forecasts aligned with Group requirements.
- Processing impairments in the lease accounting system as required.
Fixed Assets Management:
- Providing mentorship to the part-qualified financial accountant responsible for fixed assets.
- Overseeing month-end processes related to capital expenditures and depreciation.
- Reviewing reconciliations for each entity.
- Managing year-end processes and audits.
Onerous & Impairment:
- Developing the impairment model for the Group using information from various sources while applying necessary assumptions and providing insights to the Chief Accountant.
- Conducting scenario analysis across a range of assumptions.
Property Accounting:
- Managing the accounting for the Group’s property valuations and impairment.
- Collaborating with advisors to ensure accurate property valuations in financial statements.
- Reviewing forecasts and variances in coordination with the property team.
- Overseeing the audit process for investment property accounting, ensuring timely responses to auditors.