Accounting Manager - PT, ES, LU

Job Description Summary

The Accounting Manager will lead the PT, ES, LU accounting function, ensuring robust financial control, accurate and timely reporting, and compliance with all relevant regulations. The role will take ownership of key technical areas including hedge accounting, intercompany transactions, IFRS16 lease accounting, capital expenditure (capex), statutory accounting under Portuguese GAAP (SNC), Spanish GAAP (PGC) and Luxembourg GAAP (Lux GAAP) (desirable), and the coordination of local statutory reporting, audits and regulatory compliance requirements.

Key Responsibilities

• Financial Reporting
  • Deliver accurate and timely month‑end, quarter‑end, and year‑end close processes.
  • Deliver accurate and timely month‑end, quarter‑end, and year‑end close reporting packs to aid the consolidation.
  • Ensure statutory financial statements are prepared in compliance with Portuguese GAAP (SNC), Spanish GAAP (PGC) and Luxembourg GAAP (Lux GAAP) (desirable), including robust commentary and variance analysis.
  • Manage the reconciliation of local GAAP reporting to IFRS reporting requirements for group consolidation purposes.
  • Ensure compliance with local filing requirements, publication deadlines and regulatory reporting obligations in each jurisdiction.
  • Oversee intercompany reconciliations across the immediate perimeter.
  • Oversee internal controls and support improvements in policies and procedures.
  • Support the coordination of the external audits at country level, ensuring timely delivery of requested information and resolving audit queries.
  • Support the implementation of internal controls and recommend improvements to reporting, reconciliation, and compliance processes.
• Intercompany Reconciliations
  • Oversee intercompany accounting processes, including reconciliations and settlements.
  • Work with global finance teams to resolve discrepancies and improve standardisation.
  • Implement tools or process enhancements to improve visibility and accuracy of intercompany balances.
  • Support treasury in the loan and dividend settlement quarterly across the group.
• CapEx Monitoring & Compliance
  • Manage capex accounting, ensuring alignment with capitalisation policies and budget controls.
  • Oversee fixed asset lifecycle: acquisition, capitalisation, depreciation, disposals and impairments.
  • Work closely with operational teams to monitor capex spend vs. budget and project completion.
• IFRS16 Lease Accounting
  • Lead the accounting and reporting of leases in compliance with IFRS16.
  • Maintain the lease register, calculate lease liabilities and right‑of‑use assets.
  • Monitor lease modifications and ensure correct accounting for remeasurements, renewals and terminations.
• Accounting Standards & Technical Leadership
  • Serve as the subject matter expert for all technical accounting matters.
  • Interpret, implement and communicate accounting standards (e.g., IFRS9, IFRS15, IFRS16, IFRS13, IFRS18).
  • Advise senior management on the accounting impact of new contracts, transactions or regulatory changes.
• Derivatives Accounting & Reconciliation
  • Manage hedge accounting activities in accordance with IFRS9, including documentation, effectiveness testing and fair value measurement of PPAs, interest rate swaps, commodity and FX hedging instruments.
• Compliance & Tax Support
  • Support tax compliance and reporting (corporation tax, VAT, deferred tax), in partnership with internal tax or external advisors.
  • Ensure compliance with regulatory requirements and internal policies.
• Team Leadership & Stakeholder Management
  • Lead, coach and develop a team of qualified and part‑qualified accountants.
  • Foster a high‑performance culture focused on accuracy, collaboration and continuous improvement.

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