We have an exciting opportunity for an experienced Financial Accountant & Compliance Manager to join the UK’s largest specialist wine retailer!
Who are we?
Majestic is the UK’s largest specialist wine retailer, operating a network of over 200 stores nationwide. Founded in 1980, the company recently passed back into private ownership following the acquisition of Fortress Investment Group and has undergone an ambitious transformation and turnaround programme, including the recent acquisitions of Vagabond wine bars and Enotria&Coe. The results are now being seen, with record market share growth, a new and improved product range, a new website and new stores - with a pipeline for future expansion over the next five years. With no minimum purchase, the Majestic range includes over 1,100 different wines, spirits and beers both online and in-store. Majestic’s key strength is over 1,000 WSET-trained colleagues offering knowledgeable, friendly service across all channels.
The Role:
As a Financial Accountant & compliance manager you will be responsible for owning and managing the statutory reporting process for the Majestic Wine Group, coordinating the annual audit and ensuring the business is compliant with its Financial reporting obligations (Corporation Tax, VAT, PSA & other sundry taxes & statistical reporting)
The role will work alongside the management accounting team supporting them with technical know-how and taking responsibility for specific statutory accounting aspects such as IFRS16 and for coordinating the audit program with them. You will additionally work with the Groups external advisors in all areas of financial compliance, ensuring that the Group companies meet all the obligations in a timely basis.
Key Responsibilities:
Business expert on technical accounting questions and treatment of transactions in company records.
Preparation of the annual financial statements both for the individual entities & Consolidated group financial statements, and supporting documentation for the Groups audit committee
Oversight of the audit program, coordinating the testing phases between the Groups auditors and the management accounting teams. Supporting the auditors with financial audit and ensuring all deadlines are met.
Ensuring audit adjustments are fully & accurately processed in company records.
Preparation of the Groups Statutory Consolidations and year end specific requirements such as impairment reviews & going concern justifications.
Management of group leases within Innervision software, ensuring compliance with IFRS 16. Responsible for ensuring system is accurately updated by relevant departments each quarter and reviewed for accuracy
Balance sheet reconciliation preparation and review of wider teams reconciliations: Supporting the wider finance team with reconciliation process to meet business deadlines.
Ownership of the Majestic Accounting Policies. Ensuring all policies are documented, complete and in line with accounting standards.
Coordination with the Tax advisors and oversight ensuring full disclosure & information provision, review of the submissions and ensuring full tax compliance for group entities. Preparation, submission & oversight of the Groups VAT returns; annual PSA submissions and other tax filings
Oversight and coordination of Office National Statistics returns (some preparation, some with management accountants).
Any other activities required to complete role.
**Knowledge & Skills Required:
ACCA/ACA Qualified.
Experience in preparing all aspects of statutory accounts including full disclosure notes and preparation of full audit file including balance sheet reconciliations - essential
Strong knowledge of accounting standards and an excellent understanding of IFRS.
Advanced Excel skills.
Sage/SEI experience desirable.
Excellent communication skills. Ability to liaise confidently and effectively at all levels of the business and external stakeholders.
Attention to detail must be second-to-none, ability to review work and ensure completed to a high standard.
Highly organised and self-motivated individual with a proven ability to prioritise effectively.
Ability to remain calm and function effectively under pressure.
Embraces Majestic Ways of Working in all activities.
**
What's in it for you:
A competitive salary & performance related bonus
Up to 20% Staff Discount
33 days holiday, including public and bank holidays - we also have a Holiday Purchase Scheme
Life Assurance of 3 times your annual salary
A contributory Company Pension Plan
Career development opportunities - we are passionate about nurturing our internal talent, offering career progression supported by our excellent in-house training schemes!
Free parking at our Watford Support Centre, with electric charging points
Access to Retail Trust which includes: Retail Rewards including Instant savings with discounted e-vouchers, discounted reloadable shopping cards, gift vouchers and gift cards, Discounts of up to 30%, Access to free counselling and support phone line
Company maternity, paternity and adoption leave after 26 weeks
Company sick pay scheme
Access to Cycle To Work and Car Lease salary sacrifice schemes
Job Specifics:
Contract Type: Permanent
Hours per week: 37.5
Location: Hybrid - 3 Office days a week in Watford, with 2 days a week working from home
We look forward to receiving your application! Together we are Majestic! #TWAM
On the occasions where we have high volumes of applicants, some roles may close earlier than the advertised end date in order for us to manage all of the applicants appropriately. We will only be able to offer individual feedback to those candidates who attend an interview