FRS Accountant

Morgan Philips Group SA; Greater London; On-site; GBP 111,000 - 129,000; Full time

Job summary

Morgan Philips Group SA is seeking an experienced FRS Accountant for a contract role in London to lead the FRS102 revenue recognition and lease accounting work across a multi-unit group. The assignment runs 6–9 months with a daily rate of up to £700, complemented by ERP transformation work in D365.

You will build out the revenue framework, apply the five-step revenue recognition model, and engage with stakeholders to drive policy adoption and robust accounting across the group.

Qualifications

• ACA, ACCA or equivalent professional accounting qualification.
• Significant experience in technical accounting in multinational or complex environment.
• Strong IFRS knowledge with FRS102 revenue recognition and related principles.
• Experience in construction, property services, or project-based sectors preferred.
• Ability to assess complex contracts and translate terms into accounting treatments.
• Experience supporting external audits and policy development.

Responsibilities

• Own and deliver revenue recognition transformation within FRS102 framework.
• Provide technical accounting expertise on complex revenue arrangements.
• Analyse contracts to determine revenue recognition methodologies.
• Document conclusions and rationale per accounting standards.
• Draft technical accounting position papers for management and audit.
• Review revenue processes, controls for consistency and compliance.
• Collaborate with Finance, Commercial and Ops to assess reporting implications.
• Design and implement process and accounting changes across the group.
• Support development of revenue recognition policies and governance.
• Coordinate ERP integration of revenue recognition into new ERP (D365).
• Serve as main contact for auditors and provide supporting docs.
• Contribute to interim and year-end revenue disclosures.
• Share knowledge and build long-term accounting capability.

Skills

FRS102

Revenue recognition

IFRS 15

Lease accounting

Technical accounting

Stakeholder mgmt

Education

ACA/ACCA or equivalent

Tools

D365 ERP

MS Excel

Job description

FRS - (FRS102) Experienced Financial Accountant - Contract role - 6 months to start in September 2026

London (East London) - Contract Role - Inside Ir35 - £600 to £700 per day (but some flex if needs be)

We need to implement the FRS 102 changes for revenue recognition and lease accounting across the group. We operate a construction and facilities management business, including projects and responsive maintenance.

Need someone to lead FRS work (build out the framework) coupled with Revenue Recognition - FRS 102 or IFRS 15

KPMG is currently supporting with the initial accounting assessment and the development of group-wide policies. However, need someone to help complete the contract assessments, including applying the five-step revenue recognition model, and to manage the wider change programme. This includes existing systems, current business processes, and future ERP systems and processes - D365 is the core ERP.

All of this needs to be completed before the end of the financial year on 31 March, which means there is a significant amount to deliver within a short timeframe.

As this is a group-wide initiative, it affects approximately nine business units, each with different contract types and performance obligations. All of them will need to change how they use their systems and adapt their ways of working. As a result, there is substantial change to manage and a large number of stakeholders to engage.

Therefore, we are looking to recruit an experienced FRS Accountant on an interim basis (6 – 9 months) to support a significant programme of work focused on revenue recognition, contract reviews, and compliance with FRS102 revenue recognition across multiple business units.

The FRS Accountant will play a critical part in ensuring robust technical accounting assessments, supporting external audit requirements and strengthening revenue accounting processes.

What You'll Do:

• Own and deliver the revenue recognition transformation project, ensuring accurate accounting treatment and successful business adoption.
• Provide technical accounting expertise on complex revenue arrangements, ensuring compliance with FRS102 revenue recognition requirements across the organisation.
• Analyse contractual agreements and commercial terms to determine the appropriate revenue recognition methodology and accounting outcomes.
• Assess areas of judgement within revenue accounting, documenting conclusions and rationale in line with accounting standards.
• Draft clear, comprehensive technical accounting position papers to support management decisions and audit review.
• Review current revenue processes and controls, identifying opportunities to improve consistency, accuracy and compliance.
• Work closely with Finance, Commercial and Operational stakeholders to understand the financial reporting implications of customer agreements.
• Partner with Finance and Commercial teams to design and implement process and accounting changes, embedding them across the Group.
• Support the development and enhancement of revenue recognition policies, frameworks and governance procedures.
• Collaborate with the ERP transformation programme team to integrate revenue recognition requirements into the new ERP solution, aligning finance, systems and business processes.
• Act as a key point of contact for auditors, responding to technical accounting queries and providing supporting documentation.
• Contribute to interim and year-end financial reporting requirements, including revenue-related disclosures.
• Share knowledge and best practice across the finance function, helping to build long-term technical accounting capability.

About You:

• ACA, ACCA or equivalent professional accounting qualification.
• Significant experience in technical accounting, ideally within a multinational or complex corporate environment.
• Strong understanding of IFRS, with expertise in FRS102 revenue recognition and revenue recognition principles.
• Ideally with experience in the construction, property services, social housing, engineering, infrastructure or wider project-based services sector.
• Strong understanding of accounting considerations relating to long-term contracts, framework agreements, service contracts and contract modifications.
• Demonstrable experience assessing complex commercial arrangements and translating contractual terms into appropriate accounting treatments.
• Previous involvement in producing high-quality accounting memoranda and supporting external audit processes.
• Sound understanding of key FRS102 revenue recognition concepts, including performance obligations, variable consideration and principal versus agent assessments.
• Strong communication and stakeholder engagement skills, with the ability to influence and challenge senior business leaders where required.
• Experience supporting accounting change, finance transformation or compliance-focused initiatives would be highly beneficial.
• Excellent analytical and report-writing skills, with the ability to explain complex technical matters in a clear and practical way.

We are committed to ensuring that all job applicants are treated equally, without discrimination because of gender, sexual orientation, marital or civil partner status, gender reassignment, race, colour, nationality, ethnic or national origin, religion or belief, disability or age.