DC Thomson is one of the leading media organisations in the UK. Still a privately owned and operated family firm, their interest in publishing began in the mid 19th Century, when William Thomson, a shipping entrepreneur, bought the Dundee Courier. Their breadth of interests has expanded over time and the DC Thomson Group now comprises 8 main trading companies operating across digital services, marketing, cloud services, education and premium gifting in addition to the core media businesses. Over the last century the company has continued to grow its interests in publishing and today includes Sunday Post, The Press and Journal, The Courier as well as magazines Shortlist, Stylist, The People’s Friend, My Weekly, Beano and annuals The Broons and Oor Wullie in its portfolio of media titles.
The company is headquartered in Dundee and maintains a base in Fleet Street. Globally, the portfolio companies operate from 21 different offices and employ 1700 staff. DC Thomson currently has four directors all of whom are descendants of the founder.
The company expects to see continued growth in new markets outside traditional media and in 2016-17 the company reported revenue of over £270m with a pre-tax profit of £38m. While revenues in the core publishing business have been affected by the digital media disruption, the company has re-organised its print business to operate efficiently into the future and is performing particularly well in comparison to its peers. The business continues to be open to new acquisitions and it is expected that their broader portfolio of managed and investment interests will grow.
Looking ahead to the future, DC Thomson will become a more diverse business and this journey is likely to include further reorganisation, rationalisation and significant M&A activity. The complexity of DC Thomson requires focused support from the Group Finance function and a number of key finance leadership roles have been identified to shape and guide the function forward to meet the challenges effectively.
Of particular importance is the Group Financial Accountant which will primarily support the CFO and take responsibility for the delivery of technical accounting expertise across the Group in the form of statutory financial reporting, internal and external audit, taxation and other ad hoc activity.
This is a fantastic opportunity for an individual to take a lead role in the technical reporting aspects on the Group Finance function and be viewed as the subject matter expert on financial accounting for DC Thomson.
The role has been created as a key position within the Group Finance team in Dundee and will primarily be responsible for the delivery of Statutory financial information, group statutory consolidations, internal and external audit, taxation and other ad hoc activity in conjunction with Chief Financial Officer and in line with key stakeholder requirements.
Given that DC Thomson is an international business, there will also be the opportunity for travel to some of their UK and overseas offices when required.
Key to success
This role would be particularly well suited to a qualified accountant coming from a Big4 firm with a strong grounding in technical reporting under IFRS. Given the scale and complexity of the business, it will be also important that the candidate has an appreciation of a large SME business with multiple subsidiaries that report into a group function.
The Group Financial Accountant is an integral member of the finance team and will be a broad and highly visible role which requires an individual of the highest calibre. Given the interaction with senior stakeholders in the business along with external auditors, an ability to be able to communicate clearly and be able to influence at all levels will be highly desirable.
Essential criteria for consideration will also include a strong ability around critical thinking and analytical skills coupled with a driven, hands-on approach and proven ability to work under pressure to agreed deadlines.
This is an exceptional opportunity to join an established and highly regarded business steeped in history and contribute to its future success by playing a key role in its development.
The Group Financial Accountant is a key role within Group Finance and the principal purpose of the role includes:
- Responsibility for Group wide statutory financial information
- Co-ordinate development of a best in class financial control environment
- Production of consolidated Group Financial statements under IFRS and audit thereof
- Coordinate complex tax compliance and planning activity across the Group
- Leading ad-hoc financial and commercial projects
Statutory Reporting and Taxation
- Production and delivery of the Group Consolidated Statutory Accounts under IFRS
- Production and delivery of subsidiary statutory accounts and managing compliance processes ensuring adherence to statutory requirements and deadlines.
- Manage year end Group audit with UK and overseas auditors
- Manage local statutory audit requirements in USA and other overseas markets
- Various statutory filing requirements
- Technical accounting expert – IFRS, UK & International GAAP matters.
Financial controls across Group
- Manage and develop finance processes to ensure that robust controls are in place in line with the requirements of the business
Coordinate Tax matters across Group
- Manage the tax compliance processes (for Corporate tax, VAT and PAYE & NIC) ensuring adherence to statutory requirements and deadlines, including liaison with UK and overseas advisors
- Manage complex international tax planning such as transfer pricing and in support of M&A activity
Leading with ad-hoc financial and commercial projects
- Assist with the development of Strategic Financial modelling for the Group
- Provide analysis of divisional 5 year plans and support analysis of proposed M&A activity
- Support change management activity across the group including integration of acquisitions, disposals and group restructuring
- Assisting the simplification of Group structures to achieve most appropriate statutory and tax structure for the group.
- Manage the group’s Capital expenditure approval process and ensure that all capital expenditure is authorised in line with the delegated authority framework
- Support financial accounting for Parragon Division (Project Touchstone)
- Work collegiately with the wider group finance team to ensure collaborative and collegiate working relationships
KNOWLEDGE, QUALIFICATIONS, SKILLS AND EXPERIENCE
- Qualified Accountant with 2-5 years post qualification experience
- Probably a Chartered Accountant with experience gained within a major international firm
- A diplomatic approach and the confidence to provide technical guidance support to team members and peers
- Positive role model for personal and professional development
- A grasp of financial governance issues
- Strong interpersonal skills and the confidence to communicate clearly, tactfully and concisely with a wide range of people at all levels
- Strong presentation, verbal and written communications skills
- Attention to detail and a well-organised approach to work
- Hands-on approach and proven ability to work under pressure to agreed deadlines
Package on offer
Salary: Competitive salary DOE
Benefits: Car allowance, Bupa Cover, Company-paid health cash plan with Healthshield, Life Assurance 3 x base salary, defined contribution pension up to 9% employer for 6% employee and access to an additional superannuation fund after 1 years’ service. A range of other benefits are available to select to suit personal circumstances.
Annual Leave: 34 days per year (inclusive of all public holidays) + your birthday off after 1 years’ service.
All applications should be sent to our retained advisor Daryl Harper, iMultiply, at email@example.com
Please note any direct or third-party introductions will be sent to iMultiply for review and assessment