Group Accountant in North East England

What is a group accountant?

A group financial accountant is based in a head office and will oversee the accounts of all subsidiary companies within the group. As well as completing consolidation, reporting and forecasts, this role is responsible for ensuring each company adheres to reporting standards and is financially compliant.

Group accountant job description and responsibilities

The group accountant usually reports into the group finance controller and will provide financial guidance and support for a group of companies. They are responsible for all manner of financial reporting, budgeting, forecasting, consolidation and—most importantly—maintaining regulatory compliance across all companies in the group.

The role involves interacting with all levels of the business, from senior stakeholders to external parties and the finance team as a whole. Daily tasks include:

Financial reporting

Month end reporting and consolidation

Group statutory reporting

Completing subsidiary accounts

Quarterly bank reporting

Preparing annual budgets

Liaising with external or internal auditors

Answering financial queries

Preparing quarterly financial forecasts

Maintaining company compliance standard

Group accountant job qualifications, skills and experience

As well as a minimum professional AAT qualification, group accountants are expected to have a degree in one of the following subjects (or related):

Accounting

Finance

Mathematics

A group accountant should be a fully qualified ACA/ACCA/ICAS accountant and would ideally have excellent knowledge of accounting standards (IFRS, FRS etc.). Industry experience is usually preferred.

For career success, the following personal qualities are beneficial:

Excellent written and verbal communication

Ability to work independently

Excellent attention to detail

Good organisational skills

Good time management

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Salary for Group Accountant in North East England

51300 - 62938

25th Percentile

51300

Little or no prior experience in the position; still developing relevant skills.

Demand: Low

50th Percentile

58425

Some prior experience in the position; has several relevant skills.

Demand: Moderate

75th Percentile

62938

Extensive prior experience in the position; has mastered relevant skills.

Demand: High

Projected salaries for related positions

Position title

25th Percentile

50th Percentile

75th Percentile

Chief Financial Officer

118750

161500

194750

Group Finance Director

104738

120175

133000

Finance Director

80038

95000

117325

Shared Service Centre Director

73625

83600

95000

Group Financial Controller

72675

87638

121125

Financial Controller

64363

77900

85738

Finance Manager

50825

58900

62700

Qualified Management / Financial Accountant

47025

51300

55100

Director of Audit & Risk

82650

87163

99750

Internal Audit Manager

54625

61750

66500

Internal Auditor

47500

50588

55813

Treasury Manager

61988

68875

74100

Treasury Accountant

47500

51775

58425

Tax Manager

55575

67450

83125

Tax Accountant

47738

52250

58425

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