The role of group management accountant is hugely popular, primarily because it involves a lot of analysis. People in these positions are typically required to offer insights to the board and it is this aspect of the job that really drives appeal. We see interest in this role from CIMA, ACCA and ACA-qualified accountants, so competition is intense.
The good news is that employers are currently hiring a lot of people in these roles. There is a strong focus on "the Group" at the moment, with businesses evaluating their current position and exploring areas where they can grow. They are therefore keen to recruit people who can help senior executives drive top-level strategy.
Group management accountants look at a business's accounts overall, drawing on figures from the various regions and divisions across the organisation. They are heavily involved in the month-end consolidation process, which usually takes between five to ten days. The rest of the time they'll be dealing with various ad hoc enquiries from all over the business.
To be successful in the role you'll need to be a good communicator-this is because it involves a lot of relationship management. You'll be dealing with people from both the internal finance function and other divisions within the business, such as internal sales and marketing. Ideally, you'll have experience of working closely with senior management.
You'll also be able to look at a set of financial figures, spot trends and proactively suggest changes that will have a positive impact on the business. Employers are looking for someone who can look at a spreadsheet and see more than just the figures on the page.
In addition to these analytical skills, you'll also be technically strong. You will have good consolidation and P&L sheet...