Financial Reporting & Control Manager
Pearson is a global education company that helps people around the world to make progress in their lives through learning. With a rich heritage that combines 50 years of experience in publishing with the latest learning technology and digital services, we help people to learn whatever, wherever and however they choose.
We are now transforming Pearson to accelerate our activity in digital learning, education services and emerging markets. This will enable us to make a lasting impact in helping to solve some of the most important challenges in global education. We’re here to help people make progress in their lives through access to better learning. By helping them along their journey of discovery and inspiration, we aim to cultivate a lifelong love of learning that enables them to enjoy a robust and fulfilling life - whether that’s through employment or simply the ongoing joy of learning.
Pearson Finance Services:
Pearson Finance Services (PFS) is a dedicated captive finance shared service centre established in 2016 as part of a major efficiency programme across Pearson’s global finance function. PFS is a central part of the ‘FInance Operations’ organisation within Pearson which is accountable for the delivery of all finance services, including financial control to the business. The services provided by PFS to its internal customers are Financial Reporting & Control; Financial Planning & Analysis; Project Accounting & Fixed Assets and Operational Finance. PFS receives transactional finance services (P2P, O2C, R2R) from Pearson’s Business Process Outsourcing centre in Bangalore, with PFS being responsible for reviewing the quality, completeness and timeliness of these services.Both the Reporting Centre of Expertise and Intelligent Automation functions are also located at the Belfast site.
There are currently over 120 employees in PFS servicing four Senior Vice Presidents (SVPs) across Pearson finance who are accountable for finance services in the UK, North America and a number of Pearson businesses.
Job Title:PFS Financial Reporting & Control Manager - Reporting to PFS Delivery Director.Summary of role:
An experienced qualified chartered or certified accountant, with a background in audit, the Financial Reporting & Control Manager is responsible for leading a team of qualified and part qualified accountants to deliver monthly ‘close the books’ processes; annual statutory reports and support the SOX and internal controls framework processes across Pearson.
Responsible for financial control for North America and the UK, the Financial Reporting & Control Manager will work closely with their peers in the wider Pearson Finance Community and PFS tomaintain the integrity of the financial accounting processes and controls.
Ensure efficient & effective management and delivery to customers of all financial reporting & control activities within the Pearson Finance Services and BPO organisations
Undertake effective demand management processes to manage, prioritise, delegate and deliver an optimum service to the customer that aligns to their strategic requirements
Liaise closely with the Relationship Manager group who act as the single points of contact for the Finance Business Partnering Teams;
Liaise closely with the PFS Governance Manager in order to maintain effective service delivery to PFS from the BPO centre in Bangalore;
Be a fully integrated member of the PFS leadership team to assist the continuing and effective operations of the organisation
As a member of the PFS leadership team, work to develop & continuously improve the services performed by PFS, constantly seeking further efficiency & effectiveness through standardisation, simplification & elimination as appropriate.
Support the Finance Business Partnering Team in educating the business on the Finance Operating Model as required.
- Lead, coach and mentor staff across the organisation.
Lead a team of financial reporting analysts and senior analysts to deliver:
Monthly close the books activities including balance sheet reconciliations and review; accruals; prepayments; depreciation/amortisation and other accounting entries arising; operational accounting processes including inventory control and cost accounting for Pearson products and services.
Challenge and follow up on reconciling items, ensuring explanation and actions arising are completed.
Ensuring communication of required accounting entries impacting on management reports across the relevant teams in PFS.
Check the integrity of the sub-ledger accounting entries being driven from the operational accounting teams.
Preparation of statutory accounts across a number of Pearson entities (both auditable and audit exempt) to an agreed schedule ensuring full working papers, and audit trail is maintained.
Working closely with the Controls Centre of Expertise to deliver a robust internal controls framework and ensure that controls are tested at recommended intervals.
Hosting/facilitating audit process across interim, P11 and final audit. Planning a year in advance to ensure a smooth audit process. Liaison with external auditors.
Adhering to financial reporting standards, and ensuring self and team remain up to date on current technical requirements.
Manage the activities in the running of the Financial Reporting & Control team. This includes establishing and managing operating plans and goals for the team, developing work schedules, back-up procedures and managing staffing requirements to ensure maximum and minimum coverage levels at all times;
Ensure that teams function effectively and efficiently.
Continuously control of processes to ensure that the Financial Reporting & Control area operates in an efficient and cost effective manner and identify upcoming opportunities for improvement
Develop and manage short and long term operational goals and tactical objectives ensuring customer goals are incorporated
Negotiate and ensure key performance metrics are met and service is delivered to customers as expected
Develop, build and maintain relationships with all finance areas serviced by PFS
Develop, maintain, and update personal knowledge and expertise through appropriate means to ensure understanding of relevant knowledge areas and to identify possible future developmentsMonitor, control & identify improvements required to systems, processes and databases to en