Group (consolidation) Accountant

Group accountants (also known as consolidation accountants) are responsible for maintaining the financial reporting within a group of companies. Group accountants may be required to consolidate the financial statements of a number of subsidiary companies for a group. They are responsible for preparing the group's consolidated accounts, supporting the audit process and working with the external auditors to ensure that accounts are filed with the relevant authorities.

This role can be similar to that of a financial accountant, in that it can require the drafting of financial statements and potentially supporting or running the external audit process, but is focused on the consolidated accounts of the group rather than individual entities. A keen interest in technology developments pertinent to accountancy and a considered, intentional approach to leverage them for service improvement is key.

• preparing monthly and quarterly management packs showing consolidated figures (or a portfolio of group entities)
• preparing the annual financial statements and explaining the often complex group transactions to other departments, the board or external auditors
• preparing detailed analyses of related-party transactions, investigating fluctuations in numbers at a high level and reporting to those charged with governance
• group accountants usually work for large companies which may or may not be listed on a stock exchange. Depending on the size of the business and the type of industry it operates in, they may have a number of additional external reporting requirements, possibly industry specific, such as insurance, banking and telecoms.

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