Fixed Asset Accountant

VIRTUS Data Centres; Greater London; On-site; GBP 40,000 - 55,000; Full time

Job summary

A leading data centre provider in Greater London is looking for a Fixed Assets Accountant to join their Record to Report team. The successful candidate will manage fixed assets, ensure accurate financial reporting, and implement best practices. Essential qualifications include an accountancy qualification (CIMA or ACCA or ACA) and strong experience with SAP. This is a full-time position that requires strong analytical skills and the ability to collaborate across teams. The role offers the opportunity to contribute to improving finance processes.

Qualifications

• Qualified Accountant with 1-3 years of post-qualification experience.
• Strong knowledge of ERP systems and finance controls.
• Ability to work under pressure and meet deadlines.

Responsibilities

• Manage fixed assets to ensure accurate financial reporting.
• Maintain the fixed asset register and conduct inventory counts.
• Calculate and record depreciation for all fixed assets.

Skills

Internal Audit

Accounting Tally

General Ledger Accounting

External Audit

Microsoft Excel

Financial Accounting

Financial Analysis

Payroll

Financial Recouncilation

Financial statement

Accounting and Finance

ACCA

CPA

Financial Reporting

Education

CIMA or ACCA or ACA qualification

Tools

SAP

Maximo

Excel (Advanced)

Job description

About VIRTUS

VIRTUS Data Centres is the UKs fastest growing data centre provider which owns designs builds and operates the countrys most efficient and flexible data centres.

In May 2023 we announced our plans to expand into continental Europe with our first data centre due to open in Berlin in 2026 to be quickly followed by two full campuses and expansion into other countries in the pipeline.

Our purpose is to serve humanity by being an active positive participant in the 4th industrial revolution. When we talk about our purpose we refer to our customers customers; the child playing a computer game the person watching their favourite movie booking a medical appointment a plane ticket a hotel or doing their online banking; those things cant be done if we dont do our job.

Our mission is to consistently exceed the expectations of customers through innovative high-quality solutions and services. We employ intelligent thinkers people with positive attitudes who add to the quality of our customer proposition and business.

We value individual endeavour and initiative and encourage teamwork and togetherness because collective experience and expertise is VIRTUS greatest strength.

Job summary

We are seeking an experienced Fixed Assets Accountant to join our Record to Report team to assist with the management of our fixed assets to ensure accurate financial reporting and compliance. Implementing best practice in terms of Finance processes controls and system improvements relating to fixed assets.

The role would suit a qualified Accountant with 1-3 years of practical post-qualification experience in a Finance team and someone who is pro-active and forward thinking in driving through change within the Finance Team.

Duties and Responsibilities

The key responsibilities of the role include but are not limited to the following :

• Asset Management

• Maintain the fixed assets register (FAR) ensuring all acquisitions transfers and disposals are accurately recorded.

• Conduct periodic physical inventory counts and reconciliations of fixed assets. Including subsequent cleansing of the FAR

• Ensure proper tagging and identification of all fixed assets.

• Accounting and Reporting

• Assign and record WBS codes for new Capex projects in SAP ensuring supporting documentation is maintained

• Monthly review of Capex Purchase Orders (PO) to ensure they are classified correctly and are closed when complete

• Prepare journals to record asset acquisitions disposals and transfers in the general ledger.

• Calculate and record depreciation for all fixed assets.

• Monthly monitoring of assets under construction (AUC); identifying IAS16 capitalisation criteria and maintenance of supporting documents

• PPE transfers for new sites as they come live min 2 expected in 2026

• Preparation of all balance sheet reconciliations relating to fixed assets and leases

• Prepare monthly quarterly and annual fixed asset reports and schedules for financial reporting and audits.

• Assist in the preparation of financial statements by providing fixed asset data and analysis.

• Compliance and Control

• Ensure compliance with relevant accounting standards (e.g. GAAP IFRS) and company policies.

• Collaborate with internal and external auditors providing necessary documentation and explanations.

• ONS submissions

• Process Improvement

• Identify opportunities for improving the fixed assets management process.

• Implement best practices and process enhancements to increase efficiency and accuracy.

• Collaboration

• Work closely with other departments such as procurement IT Design and Build and operations to ensure accurate and timely recording of fixed asset transactions.

• Provide guidance and support to other team members on fixed asset-related matters.

• Any other reasonable requests made by the UK Finance Manager Group Financial Controller and / or VP Financial Reporting and Controls.

Candidate profile

Qualifications

Essential:

• Accountancy qualification (CIMA or ACCA or ACA).

Desirable:

• Educated to degree level.

Experience

Essential:

• Strong knowledge and practical experience in usage and development of ERP systems specifically SAP.
• Sound practical knowledge and experience of finance processes and controls relating to fixed asset management and interest in continuous process improvement / optimisation.
• Strong IFRS 16 and IAS 16 knowledge and experience
• Strong data analysis and interpretation skills.
• Good communication skills and comfortable with regular exposure to senior management.
• Ability to work under pressure and to deadlines.

Desirable:

• Familiarity with data centre sector or other technology / capital intensive businesses advantageous.
• Experience with Maximo
• Practical experience of finance transformation activities such as implementation testing and embedding of a new accounting system
• Advanced Excel skills including use of power query for data analysis.

Skills

• Essential: Ability to contribute to and work well with the team and other stakeholders.
• Planning and organisation skills and ability to prioritise to meet deadlines and manage fluctuations in workload.

In line with the VIRTUS Safeguarding Policy the successful applicant must be willing to undergo a BS7858 screening process.

Key Skills

Internal Audit,Accounting Tally,General Ledger Accounting,External Audit,Microsoft Excel,PMP,Financial Accounting,Financial Analysis,Payroll,Financial Recouncilation,Financial statement,Accounting and Finance,ACCA,CPA,Financial Reporting

Employment Type : Full Time

Experience : years

Vacancy : 1