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Senior Manager - Group External Reporting

Location: 

London, GB, WC2N 5EH

Division:  Financial Reporting
Job Type: 
Requisition Number:  22036
Job Category:  Finance
Job Function:  Finance and Risk

About the role

This role will lead the drafting of the half-year and year-end consolidated financial statements and 20-F for National Grid plc, working closely with the other members of Group Financial Control, as well as the Tax, Treasury and Pensions teams to ensure timely and accurate completion of all disclosures in the consolidated financial statements. This role will also be the key point of contact for the Group Company Secretariat and Legal team (who have responsibility for drafting the Strategic Report and front half Annual Report disclosures) and the Group Investor Relations team as it pertains to the consolidated financial statements.

Key accountabilities

Group external reporting responsibilities:

  • Working closely with the Manager, Group External Reporting, oversee and plan the half-year and year-end reporting process with business units and functions to ensure all submissions are delivered on time and to the required quality to enable the completion of the half year and year-end consolidated financial statements.
  • Draft and review disclosures in the consolidated financial statements.  This includes ensuring National Grid’s disclosures are updated in line with changes to accounting standards and also best practice, for example, aligning to the latest guidance issued by the FRC, SEC and other regulators (e.g. incorporating recommended disclosures from FRC thematic reviews, such as the recent reviews into the impacts of COVID-19 and climate change on company reporting).
  • Work with specialist teams (Tax, Treasury, Treasury Finance & Pensions) to ensure their contribution to the financial statements and disclosures are factored into the overall plan and delivered on time.
  • Represent Group External Reporting on the ARA working group run by the Group Company Secretarial team.  Provide input into the overall content, themes and messaging of the ARA and helping to ensure front half (strategic report) and back half (financial statements) alignment.  
  • Operate key Sox controls for the financial statements.  Also work with the Finance Risk & Controls team to optimise SoX controls related to the preparation of the financial statements where applicable.
  • Work with Group Legal to ensure all requirements related to the SEC 20-F and 6-K filings are met.
  • Work with Workivia to ensure all XBRL tagging is performed.
  • Liaise with the external auditors Deloitte on requested deliverables and on issues arising during the statutory reporting process. 
  • Draft audit committee papers to communicate key judgements and estimates and significant and unusual transactions related to the financial statements, enabling the committee to carry out their responsibilities as per their Terms of Reference.
  • Draft technical accounting papers for review and approval by Deloitte.
  • Work with other members of the External Reporting team, including the Senior Manager – Group Finance Systems & Projects to optimise the reporting process, running projects and initiatives to leverage the reporting systems (SAP BPC and Workiva Wdesk) to remove manual processes and increase automation, with the ultimate goal of removing working days out of the reporting process.

 

Group consolidation responsibilities:

  • Oversee the monthly group consolidation, ensuring major transactions that will impact financial reporting are captured correctly. 
  • Review manual journals (where applicable) prepared and posted by the consolidations team.
  • Ensure changes necessary to ensure the correct flow through of data from the consolidation system to the financial statements are tested and implemented appropriately ahead of half year and year-end reporting.

About you

  • Experienced ACA Qualified Accountant with substantial post-qualified experience, ideally with experience of preparing financial statements for a large listed company or reviewing large listed company financial statements as part of a Big Four role.
  • Strong IFRS technical expertise.
  • Big Four background is preferred.
  • Experienced in M&A transactions and related accounting and reporting under IFRS 3 and IFRS 5.
  • Ability to take ownership of tasks, with a strong drive for results.
  • Highly proficient communicator with strong written skills. Self-motivated, proactive with excellent attention to detail.
  • A strong team player, with a thirst for developing relationships and information exchange.
  • Some knowledge of governance, risk and internal control frameworks.
  • Ability to build solid business relationships with internal and external stakeholders. 

About us

National Grid touches the lives of almost everyone in the UK, with an energy network that stretches across the Atlantic. We’re an international team, and our work underpins the lives of millions of people. Feet forwards, head up, and eyes bright, we’re working hard to create value for people today – and shape the future of energy tomorrow.

 

In the UK, we don’t generate or sell energy – we join the dots to get energy from A to B. From making a cup of tea in the morning, to keeping the lights on in hospitals, our electricity network puts power in the hands of people. Without it, the world as we know it would grind to a halt.

 

The world of energy is changing beyond recognition. Working at National Grid, you won’t just be touching the lives of almost everyone in the UK – you’ll be shaping the way we use and consume energy for generations to come.

What you'll get

A competitive salary circa £85,000 – dependent on capability.
As well as your base salary, you will receive a company car or allowance, a bonus of up to 20% of your salary for stretch performance and a competitive contributory pension scheme where we will double match your contribution to a maximum company contribution of 12%. You will also have access to a number of flexible benefits such as a share incentive plan, a salary sacrifice technology scheme, support via the employee assistance line and matched charity giving to name a few.

Closing date

The closing date for this vacancy is 6th August 2021. However, we encourage candidates to submit their applications as early as possible and not to wait until the published closing date. National Grid’s recruitment periods can and may vary. We reserve the right to remove this advert or close it to further applications at any point during the recruitment process.

 

At National Grid, we work towards the highest standards in everything we do, including how we support, value and develop our people. Our aim is to encourage and support employees to thrive and be the best they can be. We celebrate the difference people can bring into our organisation, and welcome and encourage applicants with diverse experiences and backgrounds, and offer flexible and tailored support, at home and in the office.

 

Our goal is to drive, develop and operate our business in a way that results in a more inclusive culture. All employment is decided on the basis of qualifications, the innovation from diverse teams & perspectives and business need. We are committed to building a workforce so we can represent the communities we serve and have a working environment in which each individual feels valued, respected, fairly treated, and able to reach their full potential.

 

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