Financial Reporting Manager

ENGINEERINGUK; Watford; On-site; GBP 125,000 - 150,000

Job description

You will need to login before you can apply for a job.

Sector: Banking and Financial Services
Role: Manager
Contract Type: Permanent
Hours: Full Time

Join our journey to create a new experience for the National Lottery and help us to power change for the greater good.
About us:
We are Allwyn UK, part of the Allwyn Entertainment Group - a multi-national lottery operator with a market-leading presence in Austria, the Czech Republic, Greece, Cyprus and Italy. In the UK, we are the operator of the National Lottery with a 10-year license that started in February 2024.

We've developed ground-breaking technologies, built player protection frameworks, and have a proven track record of making lotteries better. Our aim is to create one of the UK's most inclusive organisations - where people can bring the best of themselves, to do their best work, every day, for the benefit of good causes.

While the main contribution of the National Lottery to society is through the funds to good causes, at Allwyn we put our purpose and values at the heart of everything we do. Join us as we embark on a once-in-a-lifetime, large-scale transformation journey to build a bigger, better, and safer National Lottery that delivers more money to good causes.
Role Purpose:
An exciting opportunity in a key and broad financial role within an innovative multibillion-pound business. The incumbent will be a key member of the team delivering the financial records of Allwyn Entertainment and its fellow group companies, to include the statutory reporting process, monthly management reporting, quarterly covenant reporting, and reporting to the ultimate shareholder, Allwyn Group. This role will report to the Reporting Financial Controller.
Team/Department Description:
• The Finance department ensures the business is financially sound, has robust accounting and reporting processes, and delivers financial targets including profitability and returns to Good Causes.

• Key responsibilities are:
• Monthly financial reporting
• Quarterly audited reporting to Group for consolidation
• Annual audited statutory reporting
• Covenant reporting
• Custodians of the balance sheet accounts
• Support with budgeting and forecasting
• Delivering value and insight

Role Responsibilities:

• Direct line management and leadership of two direct reports, both qualified accountants.
• Manage the routine month-end process, ensuring all accounting adjustments are made, and costs are appropriately captured and reported on a monthly basis in accordance with IFRS.
• Prepare the monthly payroll journals and reconciliations.
• Oversee and support the more complex areas of accounting including provisions, leases, fixed assets, and tax.
• Review of the monthly management accounts to ensure accuracy of month-end numbers and to ensure cost accruals are well supported and verified.
• Preparation and review of key balance sheet reconciliations to ensure all accounts are reconciled and all balances substantiated.
• Liaise with other departments as appropriate to ensure that all relevant considerations (legal, corporation tax, VAT, Lottery Duty, etc.) have been taken into account in the financial reporting process.
• Prepare quarterly covenant reporting for the bank and the Gambling Commission.
• Provide cover for quarterly group reporting and intercompany accounting.
• Key responsibilities in the quarterly and annual audit cycles in terms of key deliverables to the external auditors and working as the liaison between wider finance and the audit team.
• Preparation of the annual Financial Statements under IFRS.
• Review and maintain accounting policies to ensure adherence to all relevant accounting standards and reporting requirements.
• Deputise for the Reporting Financial Controller as required.
• Complete adhoc financial accounting tasks as required.

Key Skills & Experience:

• ACA or ACCA or similarly qualified accountant with a minimum of 5 years statutory reporting and control-based experience. Strong academics; University and A levels.
• At least 5 years PQE, ideally from a similar role.
• Strong stakeholder management with the ability to forge strong relationships across the business.
• Experience of line management responsibilities.
• Excellent communication skills and confidence to provide constructive challenge where necessary.
• Experience of using SAP desirable.
• High level of integrity and independence whilst also able to successfully partner with the business in meaningful ways through building trusting relationships and connections.
• Must be self-motivated and a self-starter.
• Proven experience of analysing and interpreting financial data.
• Ability to use the Microsoft Office suite, with advanced knowledge of Excel.

Our goal is to create one of the UK's most inclusive organisations - where people can bring the best of themselves, to do their best work, every day, for the benefit of good causes.
Allwyn is an Equal Opportunity Employer which prides itself on being diverse and inclusive. We do not tolerate discrimination, harassment, or victimisation in the workplace. All employment decisions at Allwyn are based on the business needs, the job requirements, and the individual qualifications. Allwyn encourages applications from individuals regardless of age, disability (visible or hidden), sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief, and marriage and civil partnerships.

Company

Our vision is to grow the National Lottery responsibly, making it bigger, better, and safer for all, with more to good causes.

Bigger because we will significantly increase Good Causes contributions by the end of the Fourth Licence through responsible growth of people playing.

Better because we will modernise technology and operations, refresh games and support shops while improving the use of data and digital.

Safer because participant protection underpins everything we do.

What is unique about us?

Our preparations to transform the National Lottery will be a once-in-a-lifetime type of project in the lottery industry, anywhere in the world. Join our journey to create a new experience for the National Lottery and help us to power change for the greater good.

Our approach

In Allwyn, the National Lottery will have an operator that has social value at its heart. We will raise more funding for Good Causes while running our own business in an environmentally and socially responsible way. That’s why we have committed to an ambitious Social Value framework, which is woven into the way we do business. We believe that lotteries must serve everyone across society, not just those who play. So whether as an employee, a supplier, a retailer, or any of the stakeholders that we interact with, we will be powering good across the UK.

We are working to make the National Lottery truly accessible in a safe way, whether as a player, a retailer, or an employee. We are proud to have been a partner with Purple since 2021 to support our work to embed accessibility into everything we do. Purple has carried out an accessibility audit on our office in Watford, is working with us to have truly inclusive workplace policies, and we have exciting plans to do so much more to make our games, both in-store and online, safely accessible.

Come and help us shape what the future of the National Lottery could look like.

Media Clips

“I became an amputee in 2021 and I struggled to find my place back in the working world until Allwyn welcomed me with open arms. They have always focused on what I bring to the table and it is apparent that my disability is not what defines me within the company, but my skill. Allwyn has a noticeable strong focus on accessibility and inclusion, which makes me feel seen and like I have found a permanent home for my career.” Lorna Jeanes, Transition Co-ordinator.