Technical Financial Accountant

Telefónica Tech (part of the Telefónica Group) is a leading NextGen Tech solutions provider with a highly diversified team of over 6,000 exceptionally skilled employees and +60 nationalities. At Telefónica Tech we believe that technology can do great things: from extracting all the value of data to make the best business decisions, to ensuring the resilience of every organisation to build a more sustainable future. We serve more than 5.5m customers every day in over 175 countries, with a global ecosystem of market-leading partners. We are a global business with local strategic hubs in Spain, Brazil, the UK, and Germany.

In the UK and Ireland, Telefónica Tech UK&I has over 1,000 professionals helping leading brands and organisations across public sector, financial services and insurance, retail and manufacturing and commercial markets to unlock the power of integrated technology for all. We bring together in one place a unique combination of the best people, with the best tech and the best platforms. All in a simplified manner, to make a real difference to every business, every day. The Telefónica Tech UK&I hub has an end- to-end portfolio of market leading services and develops integrated technology solutions to accelerate digital transformation through: Cloud, Data & AI (Adatis), Enterprise Applications (Incremental), Workplace Services and Cyber Security & Networking.

We live by our values by being open, trusted and bold. Open to new ideas and ways of doing things. Trusted by our employees, customers and partners. Bold in our decisions and actions.

A few of our Partners & Accreditations:

• One of Microsoft UK&I’s top 3 Service Providers having achieved their most highly acclaimed Azure Expert status for the last 3 years.  Also recognised as a key Fastrack and Inner Circle Partner working closely across and with Microsoft globally.
• HPE Platinum Partner and pleased to have received the HPE FY23 UK&I Solution Provider of the Year award.
• Part of the Fortinet elite VIP program and one of only 2 Ultimate Partners in the UK.
• AWS Advanced Solution provider program and Managed Service Provider program.

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The Technical Financial Accountant ensures compliance with accounting standards, manages complex technical accounting issues, and supports accurate financial reporting. This role focuses on interpreting IFRS/GAAP requirements, preparing statutory accounts, and advising on accounting treatments for transactions and new standards.

Key Responsibilities

Technical Accounting & Compliance

• Interpret and apply IFRS/GAAP standards to complex transactions (e.g., leases, revenue recognition, financial instruments).
• Prepare technical accounting papers for audit review.
• Monitor changes in accounting standards and assess impact on the business.

Audit

• Develop annual audit plans based on risk assessment and organizational priorities.
• Define audit scope, objectives, and timelines for each engagement.
• Allocate resources and assign audit team members effectively.

• Lead and supervise audit engagements across financial, operational, and compliance areas.
• Ensure audits are conducted in accordance with professional standards and company policies.
• Review working papers and ensure documentation supports findings.

Financial Reporting

• Prepare consolidated financial statements and statutory accounts.
• Ensure compliance with regulatory and disclosure requirements.
• Support external audit process and respond to technical queries.

Advisory & Support

• Advise finance and business teams on accounting implications of new deals, contracts, and projects.
• Provide guidance on group accounting policies and ensure consistent application.

Controls & Governance

• Maintain strong internal controls over financial reporting.
• Support SOX compliance and documentation.

Company Secretarial Experience (UK)

• Preparing and filing Confirmation Statements, annual accounts, and event‑driven filings with Companies House (AP01/CH01/PSC01‑07, SH01, AA, CS01, TM01, etc.).
• Co ordinating with external advisors to issue board and committee agendas, notices, minutes, and written resolutions.  Coordinating approvals for share issues, option grants, buy‑backs, capital reductions, and dividend declarations; ensuring alignment with articles of association and shareholder agreements.

Continuous Improvement

• Identify opportunities to improve reporting processes and technical accounting efficiency.
• Assist with system enhancements related to technical accounting requirements.

Qualifications

• Degree in Accounting or Finance.
• Professional: ACA/ACCA qualified (Big 4 or top-tier audit experience preferred).

Skills & Experience

• Technical Expertise: Deep knowledge of IFRS /FRS102.  Experience with complex accounting areas (leases, revenue, financial instruments, consolidations).
• 10+ years in technical accounting or audit, including group reporting and consolidation.
• Systems: ERP systems (Dynamics, SAP) and advanced Excel skills.
• Strong analytical and problem-solving skills.
• Excellent written communication for technical papers.
• Ability to manage multiple priorities and deadlines.
• Controls & Compliance Maintain strong internal controls and ensure SOX or equivalent compliance.  Oversee audit processes and liaise with external auditors. Ensure adherence to tax, statutory, and regulatory requirements.
• Attention to Detail – Strong focus on data accuracy, system configuration, and quality assurance.

At Telefónica Tech, we believe inclusion is the bridge that empowers everyone to be their authentic selves. We celebrate and respect our differences because diversity drives innovation and makes us stronger.
 
Be yourself with us, and feel that you belong. 

We welcome applicants from all backgrounds and identities regardless of age, disability, gender reassignment, marital or civil partnership status, pregnancy or maternity, race, religion or belief, sex, and sexual orientation. 
 
We are also committed to equity, accessible hiring practices, and creating an inclusive culture through many means including TogetHer (Women's network) and our Employee Resource Groups which include Diversity and Inclusion, Telefónica Tech Pride, Neurodiversity, ELEVATE (African and Caribbean heritage network), and Sustainability.

 We don’t believe hiring is a tick box exercise, so if you feel that you don’t match the job description 100%, but would still be a great fit for role, please get in touch.