Finance Manager - FTC at Frasers Group

Shirebrook, England, United Kingdom -

Full Time

Start Date

Immediate

Expiry Date

19 May, 26

Salary

0.0

Posted On

18 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

IFRS16 Lease Accounting, Fixed Assets Accounting, Onerous & Impairment Analysis, Property Valuations, Financial Reporting, Process Improvement, Audit Support, Forecasting, Excel Skills, Organisational Skills, Stakeholder Management

Industry

Retail

Description

Company Description At Frasers Group we’re rethinking retail. Through digital innovation and unique store experiences, we’re serving our consumers with the world’s best sports, premium and luxury brands globally. As a leader in the industry, we’re elevating the retail experience for our consumers through our collection of established brands, including Sports Direct, FLANNELS, USC, Frasers, and GAME. Why join us? Our Mission – we are building the worlds most admired and compelling brand ecosystem Our Purpose – we are elevating the lives of the many with access to the world’s best brands and experiences At Frasers Group, we fear less and do more. Our people are forward thinkers who are driven to operate outside of their comfort zone to change the future of retail, embracing challenges along the way. The potential to elevate your career is massive, the experience unrivalled. To be able to make the most of it you need to live and breathe our principles: Think without limits - Think fast, think fearlessly, and take the team with you Own it and back yourself - Own the basics, own your role and own the results Be relevant - Relevant to our people, our partners and the planet Are you ready to join the Fearless? Job Description This is an exciting opportunity to join a growing Finance department within one of the UK’s leading multi-brand retailers where professional development is paramount to everything we do. This is a fluid role where there will always be something different happening to keep you busy. There are no formal or rigid ways of doing things, so opportunities to improve processes & procedures are always there. Each member of the finance team has an opportunity to put their own personal stamp on things and senior management are always around to offer a helping hand. IFRS16 Lease Accounting Identifying if any new leases signed by the business are IFRS16 applicable and accounting for these within the lease accounting system. Identifying any modifications/disposals which need to be made on existing leases and making the required adjustments within the lease accounting system. Reconciling between the lease accounting system and the property database where leases are held. Identifying lease payments made in the accounts which need to be reversed under IFRS16. Reporting on IFRS 16 within the Group team monthly. Liaising with internal stakeholders within the property department around any lease queries and obtaining information for the yearly audit. Liaising with External Auditors on audit queries during the year-end audit process. Integrating any new business acquisitions which may hold leases which fall under the scope of IFRS16. Preparing forecasts in line with Group requirements. Processing impairments within the lease accounting system when required. Fixed Assets Providing guidance and coaching to the part qualified financial accountant who owns fixed assets. Overseeing the month end processes for capex additions and depreciation. Reviewing journals before posting. Reviewing reconciliations performed for each entity. Overseeing year end processes and year end audit. Onerous & Impairment Preparing the impairment model for the Group with required information from various sources. Applying the appropriate assumptions provided and providing commentary to Chief Accountant. Scenario planning the above across a matrix of assumptions. Property Accounting Ownership of the accounting of the Group’s property valuations and impairment accounting. Liaising with internal and external advisors on valuations of properties to be included in the financial instruments and ensuring appropriate accounting in the Frasers Group Plc and subsidiary financial statements. Reviewing forecasts and variances throughout the year in cooperation with the property team. Own the audit process of investment property accounting ensuring all appropriate documentation is provided to the auditors & queries answered in a timely manner. Qualifications Qualified ACA, ACCA, CIMA. Good knowledge of IFRS 16 Excellent Excel Skills Strong organisational skills Be highly motivated and able to meet deadlines Ability to work independently but also enjoy working in a fast-paced, team environment Additional Information Along with your benefits package we also offer a wide range of perks for our colleagues: Reward, Recognition and Opportunities Frasers Champion- Our employees are at the heart of our business and we ensure individuals are recognised every single month for their hard work. Frasers Champion is a peer nominated scheme where 8 winners will receive double their pay for a month where they have thought without limits, owned it or been relevant. Retail Reconnect – In order to build the planets most admired and compelling brand ecosystem, all employees must understand our business, product and customers. Each financial year, Head Office employees will gain insights by spending two days in one of our stores or the Warehouse. The goal is to learn how the work you do impacts our teams on the frontline, and to bring ideas back to the office which will improve how we work. Employee Welfare Frasers Fit – Our Everlast Gyms Team are on a mission to make our workforce the best, and fittest on the planet! We run free gym classes for employees as well as discounted memberships to our clubs. Frasers Fit is our wellbeing programme which aims to support and improve colleagues Physical, Financial & Mental wellbeing. The app is accessible for every employee and includes training, nutrition and lifestyle advice- all completely free. Retail Trust – We know that its not just about physical health, mental wellness is equally important which is why all of our employees get free access and support from the Retail Trust charity. This includes a 24 hour wellbeing helpline, wellness hub, counselling and financial/legal support. What’s next? Our Recruitment Team will be reviewing applications and all candidates will receive a response, whether you are successful or unsuccessful. Shortlisted applicants may be asked to confirm a few key details before being booked in for a first stage interview with the Recruiter- this will be behaviourally focussed and centred around how you align with our Culture and Values. If successful we anticipate two further interview stages with the Hiring Manager/wider team which will be more technically focussed and could include a presentation/task so we can see your skills in action.

Responsibilities

This fluid role involves comprehensive IFRS16 lease accounting, including identifying new leases, managing modifications, reconciling systems, and reporting monthly to the Group team. Additionally, the manager will oversee fixed asset processes, prepare impairment models for the Group, and own the accounting for property valuations and investment property audits.