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Avnet

Global technology distribution and solutions provider

Finance Manager

Financial Accounting +1Updated on Nov 14
Full-timeLeeds, UKNo salary listed

About the Job

Requirements

  • Qualified accountant (ACA, ACCA, CIMA or equivalent).
  • Significant experience in financial accounting, controllership or accounting management roles.
  • Strong knowledge of International Financial Reporting Standards (IFRS).
  • Strong balance sheet management and reconciliation expertise.
  • Experience reviewing manual journal entries and accounting controls.
  • Proven ability to improve accounting processes and strengthen financial controls.
  • Experience managing multiple legal entities.
  • Advanced Excel and financial systems experience.

Responsibilities

  • Lead the month-end, quarter-end and year-end close processes across multiple legal entities.
  • Ensure accurate and timely reporting under IFRS and compliance with United States Generally Accepted Accounting Principles (US GAAP) reporting requirements for group consolidation.
  • Review and approve journal entries, accruals, provisions and accounting adjustments.
  • Review monthly financial results and investigate significant variances.
  • Support the preparation of external audit deliverables.
  • Ensure compliance with group accounting policies and reporting timetables.
  • Manage the balance sheet review process across all entities.
  • Drive improvements in balance sheet reconciliation quality, timeliness and substantiation.
  • Establish robust governance around high-risk and judgemental accounting areas.
  • Review aged, unusual or unreconciled balance sheet items and ensure timely resolution.
  • Develop and implement action plans to improve balance sheet health and reduce financial risk.
  • Ensure intercompany balances are reconciled and resolved promptly.
  • Ensure accurate monthly gross margin accounting.
  • Work with the wider business on inventory and gross margin items, owning resolutions from a Finance and accounting perspective.
  • Review financial information to identify opportunities for margin improvement and cost optimisation.
  • Challenge accounting and operational processes that negatively impact profitability.
  • Support initiatives that improve financial visibility and decision-making.
  • Execute and review key SOx controls within the month-end close process.
  • Maintain documentation supporting key financial controls and accounting processes.
  • Partner with Compliance, External Reporting and external auditors during control and year-end testing activities.
  • Identify control deficiencies and implement appropriate remediation plans.
  • Promote a strong control environment and culture of accountability across the finance team.
  • Identify opportunities to simplify and standardise accounting processes across entities.
  • Drive automation and reduction of manual activities.
  • Lead initiatives to improve close-cycle efficiency and reporting quality.
  • Support finance transformation and continuous improvement projects.
  • Develop meaningful key performance indicators around close performance, reconciliation quality and control effectiveness.
  • Lead and develop a small accounting team, providing coaching and technical guidance.
  • Work daily with the overseas business process outsourcing team to assist with resolution of escalations.
  • Set clear objectives and performance expectations.
  • Foster a culture of continuous improvement, accountability and collaboration.
  • Support succession planning and team capability development.

Desired Qualifications

  • Experience within a multinational organisation.
  • Experience working within a United States-listed organisation or reporting into a US GAAP parent company.
  • Experience operating in a Sarbanes-Oxley (SOX)-controlled environment.
  • Shared service centre and global process experience.
  • Experience leading finance transformation initiatives.
  • Knowledge of audit and regulatory compliance requirements across multiple jurisdictions.

About the Company

Avnet

Global technology distribution and solutions provider

Avnet is a global technology distributor that connects electronics component makers with customers around the world. It sources and distributes parts and offers design-in support, supply chain management, logistics, and systems integration to help bring products to market. The company stands out with its long history since 1921, large supplier and customer networks, and wide global reach, enabling end-to-end distribution and services at scale. Its goal is to help technology makers move from idea to product quickly and reliably through a globally integrated platform.

Company size
10,001+
Company stage
IPO
Headquarters
Tempe, AZ
Founded
1921

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