Statutory Accountant Job Description
Statutory Accountant Duties & Responsibilities
To write an effective statutory accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included statutory accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Statutory Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Statutory Accountant
List any licenses or certifications required by the position: SPM/O, ACCA, CPA, M&A
Education for Statutory Accountant
Typically a job would require a certain level of education.
Employers hiring for the statutory accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Auditing, Professional Accounting, Education, Graduate, Management, Finance/Accounting
Skills for Statutory Accountant
Desired skills for statutory accountant include:
Desired experience for statutory accountant includes:
Statutory Accountant Examples
Statutory Accountant Job Description
- Insurance industry experience will be a definite plus
- To produce analytical review of statutory accounts to provide meaningful explanation of the entity’s activities and performance during the financial year
- To contribute to the improvement of the ongoing legal entity review of management numbers in terms of accuracy and completeness
- To actively participate in Tax Planning Projects, preparation of step plans, work out accounting treatments
- To seek to participate in continuous improvement ethic and support the Statutory Compliance team in projects and work initiatives as required
- Timely submission of monthly statutory accounting processes
- Dealing with technical accounting queries
- Preparation and planning of the year end timetable
- Consolidated financial reporting to Board level
- Compilation of monthly cashflow statements, balance sheet and board reports
- Preparation of statutory financial reports including interim and annual reports
- Preparation of audit schedules and workpapers
- Ability to operate within established accounting and reporting guidelines
- Preferred - proven expertise specific to accounting for Vehicle Service Contracts and other vehicle protection products (GAP insurance, Lease Excess Wear charge waivers, Tire and Wheel Protection)
- Preparing statutory accounts including notes for submission to Group Finance
- Preparing P11D's, PSA and Tax packs for submission to Group Tax on behalf of a number of business units across the business in line with both Statutory and Group defined deadlines
Statutory Accountant Job Description
- Review of reconciliation between the Statutory and US GAAP Ledgers
- Oversee technical accounting research, including assessing the financial reporting implications of recently issued accounting standards
- Assist with various group wide projects
- Perform periodic reporting to local governmental institutes
- Maintenance of all tax and related accounting records on a jurisdictional and/or entity basis
- Preparation of standalone and consolidated statutory accounts for larger legal entities, ensuring
- Calculation of corporate tax liability, on a statutory basis, in respect of all actual and forecast
- Managing the relationship with the external outsourcing provider of statutory accounting & tax compliance, ensuring that all accounts / filing obligations are prepared accurately and on time
- Responsible for adhering to budget in relation to outsourcing of statutory accounts
- Managing the change control process where additional work is identified that is out of scope in relation to fees / timings / agreed procedures
- First level university degree with a focus in business or economics, advanced degree or accounting certification (ex
- Ability to work cross border with on shore based staff centers of excellence
- Degree educated or equivalent in Finance or Business related discipline
- Post graduate degree in relevant Finance/Accounting qualification is preferred - ACA or ACCA
- Preparing Office of National Statistics returns including liaising with the businesses obtaining appropriate information and ensuring that deadlines are met
- Compiling information required to support overseas accounting and tax
Statutory Accountant Job Description
- Opportunity to work in a fast paced environment, gain exposure to a variety of different accounting standards and treatments
- Managing the statutory audit and relationship with PwC, ensuring timely preparation of audit deliverables and query resolution
- Reviewing local statutory accounts for reasonableness pre director level review
- Understanding the local statutory adjustments in order to assess reasonableness based on available information
- Ensuring final accounts are signed by relevant directors and filed according to local legislation
- Keeping up to date with changes in European accounting regulations
- Undertaking / participating in any ad hoc stats & tax related projects
- Liaise with internal and external auditors for quarterly review procedures and quarterly/year-end financial & SOX compliance audit
- Assist with addressing audit queries
- Furnish audit requests and financial information in a timely and accurate manner
- Providing additional information to KPMG, Group Tax and Group Finance as required in order to help ensure all deadlines are met
- Supporting audits as required
- IXBRL mapping to HMRC systems
- Experience of working within a financial accounting team or an audit team
- Experience of interrogating ERP system(s)
- Knowledge and experience of external reporting and tax
Statutory Accountant Job Description
- Fluent in English and an additional language is an advantage
- Escalate/ anticipate any potential closing statutory issues (including tax audit, local administration request )
- Preparation and review of accounting and tax treatment memorandums
- Preparation of the year-end UKI tax package for submission to the Global Tax Group answering queries and providing data as required
- Liaising with auditors and tax advisors answering queries & providing data as required
- Calculation of the UKI Effective Tax Rate on a quarterly basis using the Tax stream tool
- Review of the corporation tax forecast on a quarterly basis
- Calculation of the corporation tax provision for inclusion in the statutory accounts
- Develop and manage the relationship with the Global Tax Group
- Liaising with the Revenue Commissioners on compliance matters
- Experience of undertaking statutory accounts and tax activities
- Good team player and ability to deal with ambiguity and a non-structured environment
- Experience in Oracle and SAP System would be advantageous
- Minimum 5 years of experiences
- 1 yearGE Direct Contractor
- 3-4 years of experience in finance/accounting/controlling/audit/treasury
Statutory Accountant Job Description
- Supervise team members in the production and preparation of the statutory accounts
- Maintain knowledge of existing and proposed Tax/VAT legislation and rulings
- Participate in the accounting for acquisitions and winding down process of Entities
- Involvement in setting up and improving on processes with a view to making them more efficient
- Maintain service level with customer base – measure progress against Service Level Agreement and consistently satisfy customer in a ‘metrics focused’ organisation
- Develop an in-depth knowledge of local tools and applications in support of General Ledger processing
- Administering tax policies for the group
- Assisting in tax planning for all entities
- Providing key support and being the liaison for any audit projects and responsibilities
- Providing assistance to monthly financial closing process for tax
- Experience of working within international / multicultural environment
- International qualification (IAS, ACCA) is an advantage
- Experience with foreign currency preferred
- Prepare and progress tax deduction certificates, Challan for with-holding taxes paid, employee
- Qualified Chartered Accountant or equivalent qualification from internationally recognised institute
- Around 3-4 years of relevant post qualification experience