Financial Analyst and Intercompany Accountant

Company Description

Inmarsat has been at the forefront of global mobile satellite communications for over forty years, and is the market leading provider of voice and high-speed data communications for users on land, at sea and in the air through its constellation of 14 geostationary satellites. Inmarsat is a privately owned company with a profitable track record and significant growth aspirations. This is represented by more than 55 nationalities in the workforce, reflecting the global and dynamic nature of the business. With an investment of over $3 billion in its latest network infrastructure, Inmarsat is at the forefront of global mobile communications innovation.

Chief Finance Office

Inmarsat’s Chief Finance Office (CFO) processes millions of transactions a month that enable us to interact efficiently with our suppliers, customers, trading partners and regulators. We make sure that the Company is properly funded and well controlled, that our taxes are paid and that shareholders and banks continue to support our plans. Our commercial teams help ensure that the business takes sound decisions through robust planning, careful pricing, sound contracts, skilled procurement and rigorous evaluation of every major business decision.

Job Description

Primary role purpose:

The Financial Analyst & Intercompany Accountant will play a key role in ensuring the delivery of various accounting month end tasks. They will also lead the intercompany accounting for the group, ensuring the timely and accurate reporting, including month end close, matching and settlement of intercompany trading transactions for services and sales of materials. Preparation of various intercompany balance sheet and income statement reconciliations. Preparation of Operational Expenses variance analysis for various business units in order to allow for a timely General Ledger close. Assist with SAP Master-data maintenance and any other ad-hoc work within the department. Assist the Manager, Financial Analysis and Intercompany, working in partnership to deliver timely month end results and other change initiatives.

Key Responsibilities:

• This is a key position within the team with the responsibility for ensuring that the intercompany accounts for our complex global business (with 175 interco relationships globally) including centralised payments and receipts are well controlled.
• Prepare reconciliation of all intercompany accounts for the group, investigating and resolving differences as required. Remediate missing intercompany transactions by liaising with colleagues within Financial Operations and drive the appropriate accounting actions to resolve.
• Utilizing SAP reports and other tools to compare Intercompany Trade Accounts Receivable and Trade Accounts Payable to identify missing transactions. Prepare intercompany invoice matching analysis and supply that to Accounts Payable and Accounts Receivable for monthly settlement and clearing.
• Liaise with Tax and Treasury department to ensure transfer pricing and other IC transactions are invoiced and settled on a frequent basis.
• Perform periodic reviews of intercompany balances in the subsidiary companies in accordance with best practise and company funding requirements, propose relevant debt re-classification or other adjustments as necessary. Work closely with Treasury, Group Accounting and Company Secretary as stakeholders in this process.
• Prepare other ad hoc intercompany reporting, performance and process KPI as required.
• Produce the monthly P&L variance analysis for a number of business units, against budget and actual prior month, ensuring accuracy of recorded costs and raising correcting journal entries where required.
• Ensure timely recoding of monthly accruals, prepayments cost reallocations and other manual journal entries in order to ensure the accuracy of the income statement at month end close
• Regular contact and meetings with business unit finance managers discussing queries and post month end debriefs.
• Assist in the SAP master-data creation and maintenance
• Support the Manager in project or any other ad hoc work as required

Dimensions:

• 35+ active company codes
• 175+ intercompany relationships in the group
• 1000+ GL accounts in Chart of Accounts (175+ Intercompany and 150+ Operational Expenses)
• 30 internal business segments (comprising of several sub-segments)

Qualifications

Essential Knowledge and Skills:

• Part Qualified accountant
• Relevant experience working within a role with significant exposure to intercompany accounting
• Technically competent in accounting to IFRS standards
• Team player and basic team management skills
• Strong analytical skills coupled with good business understanding leading to key business insight
• Creative problem solver and decision maker
• Strong people skills, confident and comfortable at engaging collaboratively in an intellectual and multinational environment at all levels. Strong verbal and written communications skills
• Strong work ethic and ability to work independently in a fast-paced environment with passion for excellence and innovation
• Proactive individual with the ability to effectively manage various projects while adhering to deadlines
• Have a solid appreciation of core best practice financial accounting standards, policies, processes and systems

Desirable Knowledge and Skills:

• Advanced SAP user experience and Excel
• Good working knowledge GL Wand or any other data retrieval software

Additional Information

You must be eligible to work in this location advertised.

Inmarsat Values:

Our values define Inmarsat’s culture and represent what we believe in. Inmarsat employees aspire to certain behaviours which support our corporate values, they create a stronger working environment and lie at the heart of our continued success as an organisation.

• Accountability – taking ownership, getting results and keeping our promises
• Respect – collaborating, embracing diversity and valuing differences
• Excellence – creating bold solutions for our customers and putting quality at the heart of everything we do