Group Accounting Analyst

Company Description

IFS is a billion-dollar revenue company with 6000+ employees on all continents. Our leading AI technology is the backbone of our award-winning enterprise software solutions, enabling our customers to be their best when it really matters–at the Moment of Service™. Our commitment to internal AI adoption has allowed us to stay at the forefront of technological advancements, ensuring our colleagues can unlock their creativity and productivity, and our solutions are always cutting-edge.

At IFS, we’re flexible, we’re innovative, and we’re focused not only on how we can engage with our customers but on how we can make a real change and have a worldwide impact. We help solve some of society’s greatest challenges, fostering a better future through our agility, collaboration, and trust.

We celebrate diversity and understand our responsibility to reflect the diverse world we work in. We are committed to promoting an inclusive workforce that fully represents the many different cultures, backgrounds, and viewpoints of our customers, our partners, and our communities. As a truly international company serving people from around the globe, we realize that our success is tantamount to the respect we have for those different points of view.

By joining our team, you will have the opportunity to be part of a global, diverse environment; you will be joining a winning team with a commitment to sustainability; and a company where we get things done so that you can make a positive impact on the world.

We’re looking for innovative and original thinkers to work in an environment where you can #MakeYourMoment so that we can help others make theirs. With the power of our AI-driven solutions, we empower our team to change the status quo and make a real difference.

If you want to change the status quo, we’ll help you make your moment. Join Team Purple. Join IFS.

Job Description

Reporting to the Finance Director, Group Balance Sheet and based in Colombo, Sri- Lanka, the role of Group Accounting Analyst will support the Group Finance Director, Group Balance Sheet ensuring that we are able to report timely and accurately our group results each month. Our group is currently spread over 85 entities in around 35 countries and is continually growing both organically and through acquisitions. The Group Accounting Analyst will primarily focus on detailed reviews of entity balance sheet reconciliations, promoting good practices and uniform processes across the group to mitigate against balance sheet risks supporting the production and reporting of our consolidated results.

The Group Accounting Analyst, as part of our Group Accounting Team, will support the production and reporting of our consolidated results. It plays an important role in both the monthly group consolidation process and group reporting as well. It will also assist with managing the Balance Sheet review process within the Group, as well as, supporting any tax reporting and audit requirements.

Essential Duties and Accountabilities

Assist with production of Group Consolidated monthly IFRS reporting including but not limited to:

• Coordinating entity balance sheet reviews, maintaining notes and agreed action points.
• Prepare weekly Accounts Receivable report.
• Maintain and update monthly Group Balance sheet reports and reconciliations using reports from GC Cube.
• Assist with the preparation and analysis of Net Working Capital changes
• Support the process to eliminate inter-company differences across the Group as required.
• Support the preparation of monthly reconciliations of all group-arising balances and eliminations incl. checking Group P&L as required
• Support tax reporting, audit queries and other year-end requirements
• Broad range of dynamic, ad hoc reporting of consolidated information 

Support the Group reporting process including, but not limited to:

• Preparation of weekly AAR reporting to Execs, including the calculation of DIO matrices
• Preparation of monthly analysis of Net Working Capital (NWC) position with variance to prior year, prior month and plan
• Prepare and create relevant reporting to build better controls and efficiency within the department as required
• Support balance sheet related reporting for senior management
• Support the preparation of Group’s monthly Cash Flow reporting as required
• Complete all activities in accordance with IFS standard operating procedures

Support the Balance Sheet Control process including, but not limited to:

• Support the Finance Director, Group Balance Sheet, in managing the Group balance sheet review process as required
• Schedule and arrange of Quarterly review with local entities
• Collect Balance Sheet reconciliation files ahead of reviews, highlighting areas of discussion with line manager
• Document follow up actions from review meetings
• Provide assistance to local accountants on Balance Sheet reconciliations and reporting

Qualifications

Essential:

• Chartered Accountant - ACA, ACCA or CIMA Qualified
• Strong knowledge of IFRS and GAAP
• Excellent excel skills
• Fluency in business-level English language
• Previous experience of group reporting and consolidation
• Candidate should have minimum 5 years of experience in Group Financial Accounting and Reporting, preferably within an international environment

Desirable:

• IFS Cloud
• Previous experience in preparation of balance sheet reconciliations

Overall Required Competence: 

• High standard of technical accounting under IFRS
• Attention to detail and ability to work to tight deadlines
• Ability to learn new things quickly and hit the ground running
• Willingness to work outside of comfort zone
• Positive attitude and a team player
• Excellent communications skills

Additional Information

We believe that coming together as a community, in person, is important for innovation, connection and fostering a sense of belonging. Our roles have the right balance of remote and in-office working to enable flexibility for managing your life along with ensuring a real connection with your colleagues and the broader IFS community.