What you’ll be doing...
The intercompany accountant role, based out of the international headquarters in Reading, UK, is a central accounting role that covers all non-US intercompany activity for Verizon. The role requires extensive interaction with individual country intercompany accountants, the US based domestic intercompany team, centrally based tax, legal and treasury personnel as well as other members of the international general accounting team.
Principle Activities and Responsibilities
Assignment and netting of I/C balances between entities on a monthly / regular basis
Generation, reconciliation and processing of ITA’s between group companies
Preparing funding journals and posting as required
Posting of international transfer pricing transactions (quarterly or more frequently), which are key to the profitability of all international legal entities
Calculation of the appropriate intercompany interest on international group balances
Uploading and communication to all international legal entities of the posting of the intercompany interest journals
Review and proactive management of the I/C balances during the month
Contribute to the overall group strategy for management of intercompany transactions
Co-ordination of the annual I/C balance confirmation process for statutory accounting purposes
Generation of the final month end I/C matrix of balances for review and approval – with subsequent month follow-up to remove any differences
Ensure all I/C transactions conform to company policy and are supported by the appropriate legal documentation/agreements
Management of the uploading of balances from ‘off’ ledger entities and reconciliation process with ‘on’ ledger entities (newly acquired companies)
General support to the production of the monthly and quarterly transaction support files and reconciliations for centralised entities (European Holding Companies) including bank reconciliations for Verizon European Holdings Limited
Ad hoc activities as identified by senior management related to intercompany and European holding company activity and other integration projects
What we’re looking for...
You'll need to have:
Bachelor's degree or relevantwork experience.
Even better if you have:
Proactive attitude towards completion of tasks and desire to expand responsibilities associated with the role.
Good understanding of underlying accounting/legal/VAT requirements of I/C accounting.
Excellent working knowledge of SAP financial systems.
Good interpersonal skills with the ability to work with others whilst reporting under tight monthly deadlines.
Good administrative skills and ability to keep accurate records that can be retrieved easily upon request.
Competent in the use of Microsoft software packages.
Strong computer skills utilising Microsoft Office, especially in Excel and PowerPoint.
Proficiency with global accounting software ERP packages, preferably SAP, and analytical tools such as Hyperion Essbase.
Professional accounting qualification (or working towards) – ACA, CIMA, ACCA, CPA or equivalent.
Experience of working for a large multi-national group.