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Cost Accountant - IT Department

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Date: 21-Jun-2022

Location: Southampton, GB, SO16 7PX

Company: Lloyds Register

The cost accounts for Group IS is part of the Financial Control and Operations Organisation for Global Functions Finance team.

The role will manage the accruals and prepayment for the IS & Group investment which total circa £60m per year. You will support the functions qualified accountants as required.


The role will own the accuracy of the actuals and forecast for the group investments programmes. This will entail running monthly time and cost reports and working with the projects managers of each initiative to understand cost incurred and support quarterly forecasting.


The role has both P&L and Balance Sheet responsibility and needs to ensure controls are maintained and data reported is accurate and explainable.


It is critical that the role operates as part of the Business Controller function, ensuring best practice is shared, common templates and controls are followed.


The role would be ideal for an ATT qualified accountant for someone working towards qualification.  The role will support further studies and will allow for growth in the role as qualification is attained



  • Monthly journal creation for all accrual and prepayments for the IS & Group Investment functions.
  • Ensure that monthly, quarterly, and annual performance is accurately reported and ready for review by Business Finance in accordance with published timetables.
  • Ensure that all material variances to Budget, latest forecast and Prior Year are explained clearly and concisely
  • Work with the Finance Shared Service Centre, the Statutory Compliance and GL teams, as well as Business Managers to gain a full understanding of financial performance.
  • Work with fellow controllers and the Global Business Controller to ensure that a common process with common templates are followed.
  • Act as an interface between Business Finance and the Statutory Compliance and GL teams and the Finance Shared Service Centre, helping to resolve any reporting and process issues.
  • Ensure that the Balance Sheet is reviewed and understood and that any risks and opportunities in the Balance Sheet are clearly communicated to Business Finance in liaison with the GL team.
  • Eliminate or minimise employee's exposure to risks by reviewing, regularly, the health and safety risk register, applying appropriate controls, communicating results of risk assessment, and ensuring health and safety is considered in the planning and execution of all LR activities.
  • Manage your own compliance with health and safety rules, instructions, systems, and legal requirements, ensuring employees are suitably trained and adequate resources are available to work safely.
  • Manage your own compliance with health and safety rules, instructions, systems, and legal requirements, ensuring employees are suitably trained and adequate resources are available to work safely.


To be considered

  • Working towards a recognised professional accountancy qualification (ACA/ACCA/CIMA) or qualified AAT with experience of operating in a finance team
  • Being regarded as a trusted and credible resource by key stakeholders within both business and/or area management teams; able to build strong relationships.  Have a ‘hands on’ approach, visible across the businesses with good communication and other interpersonal skills.
  • An enthusiastic and committed team player who can establish and maintain strong relationships with business leaders and across the Finance community.
  • Able to demonstrate a thorough understanding of a strong control framework


Diversity and Inclusion at Lloyd's Register:

Together we are one Lloyd’s Register, committed to developing an inclusive and safe workplace that embraces and celebrates diversity. We strive to ensure that all applicants to LR experience equality of opportunity and fair treatment, because we believe it is the right thing to do. We hope you do too.


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