Fixed Asset Accountant - Stratford

Fixed Asset Accountant - Stratford

About The Role

The IT department incurs external and internal costs for software build and infrastructure projects that will be capitalised. The purpose of this role is to ensure that the capitalisation processes run efficiently for IT throughout the different phases of:  feasibility; business case approval; establishing project budget; procurement to pay (P2P); managing work in progress (WIP); asset creation on completion; capital reporting.

Key responsibilities include:

• Support retail and digital IT finance business partners on preparation of packs for investment committee approval
• Ensure that the asset base, netbook value and depreciation are correctly booked and reconciled as part of the divisional balance sheet reconciliation processes.
• Create projects and budgets in oracle projects module and maintain project records, capitalize completed projects on a timely basis and according to information provided by stake holders
• Work with commercial finance analysts to ensure capital purchase orders (PO) are raised accurately to the correct oracle project number (OPN) and company
• Reconciliation of oracle projects system to WIP general ledger (GL) accounts, project capitalisation in fixed asset module
• Support IT finance business partners on IT capital reporting and ensure alignment with Oracle
• Liaise with the project/portfolio owners on project status and reporting requirements
• Help assist in the Retail and Digital divisional reporting requirements and Group functions on the asset base and movements reconciling against the statutory entities which rolls into the divisional submissions.
• Review oracle transactions weekly to identify costs coded to incorrect (OPN) or incorrect company codes
• Ensure that any Fixed asset balance sheet matters are notified to the divisions and in conjunction with the finance control balance sheet teams.
• Prepare and Post Journals using Standard GL, Projects, and Intercompany journals using AGIS – Oracle’s “Advanced Global Intercompany System”
• Staff costs capitalisation
• Transfer from balance sheet to WIP
• Transfer from WIP to fixed assets
• Capital PO accruals at month end
• OPN correction entries
• Assist in creation of new assets, disposal of assets, asset re-assignments and general maintenance of multiple fixed asset books
• Maintain accuracy of recording of capital spend between the different companies that rollup to the retail and digital businesses
• Support Ad-hoc projects, historic examples include:

Qualifications and Educational Requirements

• Qualified accountant (CIMA, AACA, ACA) or part qualified able to demonstrate high proficiency  in specialist skills & experience required

Skills and Experience Required

• Fixed asset accounting and control
• Software capitalization under UK GAAP
• Oracle financials and/or Oracle fixed assets module (Preferred)
• General ledger, P2P experience
• Advanced Excel
• Working with complex company structures, international accounting

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