Rutherford Cross is delighted to be working on a retained basis to support Weir Group on the appointment of three newly created roles, in the Group Finance Team, as part of a planned expansion.
The Weir Group PLC is a global business headquartered in Glasgow, Scotland, with a reputation for excellence in the design and manufacture of specialist equipment. We provide highly engineered mission-critical solutions for mining, energy and infrastructure customers around the world.
Our engineers work closely with customers to understand their operational challenges and help improve productivity and lower total operating costs. As a trusted market leader, we know the importance of customer support in the need-it-now industries we serve. That’s why we have an unrivalled global network of over 100 service centres, ensuring our customers get the solutions they need where and when they need them. It is this customer-focused approach that has led Weir to become one of the world's leading engineering businesses with approximately 18,000 people operating in over 70 countries.
Weir Group PLC has been listed on the London Stock Exchange since 1947 and currently has a market capitalisation of circa £4.5 billion. The Group reported revenues of £2.5bn for the year ending 31 December 2018, with an operating profit of £348m. The Group is composed of three divisions that each serve aftermarket-intensive markets with positive long-term prospects. Minerals and ESCO are primarily focused on mining and infrastructure markets, while Oil & Gas serves upstream applications. Weir Minerals Division is a global leader in the provision of mill circuit technology and services as well as the market leader in slurry handling equipment and associated aftermarket support for abrasive high wear applications. Its differentiated technology is used in mining, infrastructure, oil and gas and general industrial markets around the world. The Division is fully present in the most important mining markets, including South America, Australia, Africa, India and North America.
Weir Oil & Gas Division provides highly engineered and mission-critical solutions to upstream markets. Products include pressure pumping and pressure control equipment and aftermarket spares and services. Internationally we provide equipment repairs, upgrades, certification and asset management, and field services. The Division’s principal operations are located in North America, Europe and the Middle East. ESCO Division (acquired July 2018) is the global leader in Ground Engaging Tools (GET) used in highly abrasive surface mining and infrastructure applications. With global headquarters in Portland, Oregon it has operations in all the major mining markets around the world.
Weir represents a true global success story headquartered in Scotland. The Glasgow city centre headquarters comprises some 85 professionals including the Board of Directors, Group Heads of Tax, Treasury, Internal Audit, Strategy, IT, Legal / Company Secretarial team and the Group Finance team.
We are currently recruiting three newly created roles in the Group Finance Team as part of a planned expansion. This is part of wider restructure to focus on the key areas of responsibility for the team: Reporting; Governance and Technical expertise.
There will be a large degree of collaboration between the roles, with each contributing to aspects of internal and external reporting.
The reporting accountant role will contribute to the following areas for which the reporting team are responsible:
- Internal management reporting to the Group Executive and Board
- Analysis of financial information for senior stakeholders across the Group
- Input into external financial reporting including interim management statements, capital market days, analyst presentations and annual report and accounts
- Planning and reporting for the forecast, budget and strategic plan
- Group consolidation, review of sub-consolidations and ownership of the consolidated income statement and consolidated cash flow statement
The governance accountant will be involved in the following areas:
- Preparation of monthly management accounts for non-trading entities
- Ownership of the consolidated balance sheet and intercompany process
- Review and analysis of certain costs lines in the consolidated income statement
- Planning for Interim & Annual reporting and development of the reporting template
- Preparation and review of UK subsidiary accounts and review of overseas entities
- Management of annual balance sheet review process and ad-hoc entity reviews
- Impairment testing
- Management of the Group structure
The Technical Accountant position has a focus on following areas:
- Review and reporting of exceptional and one off items
- Ownership of the Group Finance Manual
- Implementation of new standards across the Group
- Provision of technical training
- Development of statutory disclosures and compliance reporting
- Review and change management of tax and financing structures
- Review of Group Policy exemptions
The Group Finance function provides broad and highly visible roles both within and outside the business requiring individuals of the highest calibre; it will be essential to communicate across business units globally and with senior business leaders.
Therefore, across all roles it is essential that candidates display the required personal characteristics, especially in demonstrating confidence, professionalism, tenacity, commitment and self-motivation
All candidates are expected to have a good understanding of IFRS and UK accounting standards.
The Reporting Accountant position requires a confident individual with interpersonal ability. Candidate must display strong analytical skills and attention to detail. Excellent written, verbal and presentational communication skills is vital.
It is likely the individual will come from a large firm/business background where they will be experienced in the consolidation, reporting, system and control requirements of large blue-chip companies. It is likely that the individual will be CA/ACA qualified and, ideally, will have trained with a Big 4 accountancy practice. Applicants will be considered either making their first move from the profession or already operating in a similar capacity within industry and likely have a minimum of one-year post-qualification experience.
The Governance Accountant will have a keen eye for detail, with a strong focus on procedures and controls. Experience of preparing monthly management accounts and annual subsidiary accounts is important, with plc reporting a bonus. Knowledge of SUN / Cognos Controller a benefit.
This role is suited to a CA/ACA/ACCA qualified accountant who has trained either in industry or a mid-tier accountancy practice.
The successful Technical Accountant candidate will have a strong understanding of IFRS, with knowledge of recent and upcoming developments. Excellent written, verbal and presentational communication skills is vital.
It is likely that the individual will be CA/ACA qualified and, ideally, will have trained with a Big 4 accountancy practice, auditing a portfolio complex businesses and/or listed clients. This will likely be their first move from the profession into industry and have up to one-year post-qualification experience.
Salary: TBC (depending on experience)
Bonus: Dependent on salary
Pension: Either employee 4.5% and employer 4.5%, or employee 6% and employer 8%
Holidays: 25 days plus 10 statutory days
Working Hours: 8:30- 5.00pm Monday to Thursday 8:30-4:30pm Friday
Flexibility is required
Initial interviews are with our retained advisors Rutherford Cross.
Final stages will involve separate meetings with the Group Accounting Manager and the Group Financial Controller.
Applications should be sent to Jonathan Donnelly.