Statutory Accountant Job Description
Statutory accountant
provides technical accounting support for centralized European legal entities to ensure compliance with IFRS and that new accounting policies are implemented on time, in particular IFRS 9, IFRS 15 & IFRS 16.
Statutory Accountant Duties & Responsibilities
To write an effective statutory accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included statutory accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
To produce statutory entity accounts under IFRS for each financial year in line with timetable
Prepare the company's annual statement, NY supplemental annual statement, IEE exhibit, credit exhibit
Request certificates of deposit and compliance from domicile state
Research state websites for current annual requirements and check lists
Update STAT diary for current annual requirements/deliverables
Update state letters
Print out all State specific annual forms coordinate completion with STAT accountants
Obtain signatures and notaries on all jurat pages, affidavits and other deliverables
Prepare check request for annual filing fees and coordinate proper handling of checks with AP
Prepare all FedEx and return receipt mailing labels for annual statement filings
Statutory Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Statutory Accountant
List any licenses or certifications required by the position: SPM/O, ACCA, CPA, M&A
Education for Statutory Accountant
Typically a job would require a certain level of education.
Employers hiring for the statutory accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and University Degree in Accounting, Finance, Business, Economics, Auditing, Professional Accounting, Education, Graduate, Management, Finance/Accounting
Skills for Statutory Accountant
Desired skills for statutory accountant include:
Accounting principles
Excel
US GAAP
IFRS
One area
SAP would be an asset
Standards
Practices
IFRS and UK plc disclosure requirements
Integrated accounting system
Desired experience for statutory accountant includes:
Update Diary for completion and mailing dates of annual statements by state
Create PDF copies of all mailings and save to annual directory
Preparation of monthly/quarterly statutory balance sheet reviews and quarterly fiscal profit and loss analytical review, including reconciliation of management vs
Half yearly and year end reporting
Update financial reporting templates
Big 4 chartered accountant with min 2/3 years post qualified experience
Statutory Accountant Examples
1
Statutory Accountant Job Description
Job Description Example
Our innovative and growing company is looking to fill the role of statutory accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for statutory accountant
- Insurance industry experience will be a definite plus
- To produce analytical review of statutory accounts to provide meaningful explanation of the entity’s activities and performance during the financial year
- To contribute to the improvement of the ongoing legal entity review of management numbers in terms of accuracy and completeness
- To actively participate in Tax Planning Projects, preparation of step plans, work out accounting treatments
- To seek to participate in continuous improvement ethic and support the Statutory Compliance team in projects and work initiatives as required
- Timely submission of monthly statutory accounting processes
- Dealing with technical accounting queries
- Preparation and planning of the year end timetable
- Consolidated financial reporting to Board level
- Compilation of monthly cashflow statements, balance sheet and board reports
Qualifications for statutory accountant
- Preparation of statutory financial reports including interim and annual reports
- Preparation of audit schedules and workpapers
- Ability to operate within established accounting and reporting guidelines
- Preferred - proven expertise specific to accounting for Vehicle Service Contracts and other vehicle protection products (GAP insurance, Lease Excess Wear charge waivers, Tire and Wheel Protection)
- Preparing statutory accounts including notes for submission to Group Finance
- Preparing P11D's, PSA and Tax packs for submission to Group Tax on behalf of a number of business units across the business in line with both Statutory and Group defined deadlines
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Statutory Accountant Job Description
Job Description Example
Our company is growing rapidly and is looking for a statutory accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for statutory accountant
- Review of reconciliation between the Statutory and US GAAP Ledgers
- Oversee technical accounting research, including assessing the financial reporting implications of recently issued accounting standards
- Assist with various group wide projects
- Perform periodic reporting to local governmental institutes
- Maintenance of all tax and related accounting records on a jurisdictional and/or entity basis
- Preparation of standalone and consolidated statutory accounts for larger legal entities, ensuring
- Calculation of corporate tax liability, on a statutory basis, in respect of all actual and forecast
- Managing the relationship with the external outsourcing provider of statutory accounting & tax compliance, ensuring that all accounts / filing obligations are prepared accurately and on time
- Responsible for adhering to budget in relation to outsourcing of statutory accounts
- Managing the change control process where additional work is identified that is out of scope in relation to fees / timings / agreed procedures
Qualifications for statutory accountant
- First level university degree with a focus in business or economics, advanced degree or accounting certification (ex
- Ability to work cross border with on shore based staff centers of excellence
- Degree educated or equivalent in Finance or Business related discipline
- Post graduate degree in relevant Finance/Accounting qualification is preferred - ACA or ACCA
- Preparing Office of National Statistics returns including liaising with the businesses obtaining appropriate information and ensuring that deadlines are met
- Compiling information required to support overseas accounting and tax
3
Statutory Accountant Job Description
Job Description Example
Our company is growing rapidly and is looking for a statutory accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for statutory accountant
- Opportunity to work in a fast paced environment, gain exposure to a variety of different accounting standards and treatments
- Managing the statutory audit and relationship with PwC, ensuring timely preparation of audit deliverables and query resolution
- Reviewing local statutory accounts for reasonableness pre director level review
- Understanding the local statutory adjustments in order to assess reasonableness based on available information
- Ensuring final accounts are signed by relevant directors and filed according to local legislation
- Keeping up to date with changes in European accounting regulations
- Undertaking / participating in any ad hoc stats & tax related projects
- Liaise with internal and external auditors for quarterly review procedures and quarterly/year-end financial & SOX compliance audit
- Assist with addressing audit queries
- Furnish audit requests and financial information in a timely and accurate manner
Qualifications for statutory accountant
- Providing additional information to KPMG, Group Tax and Group Finance as required in order to help ensure all deadlines are met
- Supporting audits as required
- IXBRL mapping to HMRC systems
- Experience of working within a financial accounting team or an audit team
- Experience of interrogating ERP system(s)
- Knowledge and experience of external reporting and tax
4
Statutory Accountant Job Description
Job Description Example
Our company is hiring for a statutory accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for statutory accountant
- Fluent in English and an additional language is an advantage
- Escalate/ anticipate any potential closing statutory issues (including tax audit, local administration request )
- Preparation and review of accounting and tax treatment memorandums
- Preparation of the year-end UKI tax package for submission to the Global Tax Group answering queries and providing data as required
- Liaising with auditors and tax advisors answering queries & providing data as required
- Calculation of the UKI Effective Tax Rate on a quarterly basis using the Tax stream tool
- Review of the corporation tax forecast on a quarterly basis
- Calculation of the corporation tax provision for inclusion in the statutory accounts
- Develop and manage the relationship with the Global Tax Group
- Liaising with the Revenue Commissioners on compliance matters
Qualifications for statutory accountant
- Experience of undertaking statutory accounts and tax activities
- Good team player and ability to deal with ambiguity and a non-structured environment
- Experience in Oracle and SAP System would be advantageous
- Minimum 5 years of experiences
- 1 yearGE Direct Contractor
- 3-4 years of experience in finance/accounting/controlling/audit/treasury
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Statutory Accountant Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of statutory accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for statutory accountant
- Supervise team members in the production and preparation of the statutory accounts
- Maintain knowledge of existing and proposed Tax/VAT legislation and rulings
- Participate in the accounting for acquisitions and winding down process of Entities
- Involvement in setting up and improving on processes with a view to making them more efficient
- Maintain service level with customer base – measure progress against Service Level Agreement and consistently satisfy customer in a ‘metrics focused’ organisation
- Develop an in-depth knowledge of local tools and applications in support of General Ledger processing
- Administering tax policies for the group
- Assisting in tax planning for all entities
- Providing key support and being the liaison for any audit projects and responsibilities
- Providing assistance to monthly financial closing process for tax
Qualifications for statutory accountant
- Experience of working within international / multicultural environment
- International qualification (IAS, ACCA) is an advantage
- Experience with foreign currency preferred
- Prepare and progress tax deduction certificates, Challan for with-holding taxes paid, employee
- Qualified Chartered Accountant or equivalent qualification from internationally recognised institute
- Around 3-4 years of relevant post qualification experience