Capital Accountant - Fixed Assets

Chloe Bailey
Associate Director – Cambridge
You will be responsible for interpreting, understanding, and applying all relevant statutory and regulatory financial requirements related to fixed asset accounting, capital expenditure, and the recording, reporting, and reconciliation of grants and contributions.

The role will involve the completion of regulatory returns concerning tangible and intangible fixed assets and grants and contributions for Annual Performance Reporting, Price Reviews, and other regulatory consultations, ensuring compliance with regulatory accounting guidelines. Additionally, you will manage the weekly, monthly, and annual system processes related to capital expenditure and asset accounting, and provide support.

What you'll be doing:
  • Owning, developing and producing reconciliations, reports and schedules in relation to asset accounting, contribution and investment programme expenditure reporting in line with demanding deadlines
  • Be first point of contact for asset and contribution accounting for the company (120,000 assets, net book value £11bn, annual depreciation £350m, £100m capital contributions)
  • Own and manage the Asset Accounting and Project Systems modules in SAP, and the associated equivalents, providing direction around its configuration, understanding its complexity and helping to develop enhancements
  • Owning and completing period end close down for fixed assets and project systems
  • Ensuring fixed asset data is to an accurate and auditable standard, while looking for continuous improvement
  • Commission and decommission assets, advising, directing and liaising with all levels of the wider business to ensure compliance, accuracy and understanding of requirements
  • Calculation and provision of information and analysis of fixed assets for current cost and historic cost purposes for Statutory and Regulatory reporting
What does it take to be successful?
  • Professional accountancy qualification (ACCA, CIMA etc.)
  • Detailed understanding of IFRSs and regulatory accounting standards relating to capital expenditure, asset accounting and revenue reporting
  • Working knowledge of SAP, especially Asset Accounting, Project Systems and FI/CO
  • Excellent IT skills, including MS Office applications
  • Detailed financial awareness, especially of the capital investment and management process, the capitalisation policy and grants and contributions
  • Strong and proven prioritising and decision-making skills