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Other Margin & IFRS15 Accountant

Date: 30-Apr-2021

Location: SLOUGH, GB

Company: Telefonica S.A.

It matters to us that Team O2 is as diverse as the communities we serve. 

We welcome and encourage people from all backgrounds to apply.   

Whoever you are, O2 has a place for you. 

Come join us.


About the Team
The role is a month end accounting role within the Revenue Accounting team and accounts for a wide range of non-mobile products and services.  These contribute monthly revenues of approximately £17m and costs of £15-£16m. The successful candidate will be a qualified accountant (CIMA/ACCA/ACA) looking to gain further experience of month end accounting processes.


About the Role
The key deliverables for this role are the accurate and timely reporting of the month end revenues and costs for products that sit within the non-mobile – Business section of the P&L. The successful candidate will have the ability to work collaboratively with the commercial finance team while appropriately challenging requested accounting entries. The role is also responsible for the preparation and processing of IFRS15 revenue recognition adjustments.


Key Responsibilities/Skills/Experience

  • Month-end accounting including calculation of accruals and prepayments for various Business/ Enterprise /SMB Products including ICT, Fixed line, Corporate VAS, WIFi,  SIP and other legacy products. Providing analysis by customer & work steam for Enterprise ICT product & generating the ICT pack for month-end 
  • Presentation to Financial Control and FP&A Teams of Business/Consumer/ Digital Segment for Non-Mobile Revenue & Cost of Sales.  Liaise with the Other Margin – Consumer accountant to ensure that reporting including analysis of variances to monthly and quarterly forecasts is complete and accurate.
  • Balance Sheet control: Regular review of accruals and provisions with the Business Finance Team and appropriate challenge of historic balances.  Timely preparation of balance sheet recs which allow a reasonably informed newcomer to understand balances and movements.  Feedback explanations of material balance sheet movements to managers. 
  • Working as embedded finance control within Business Finance Team; build and maintain good working relationships with Business Finance Team as well as accounting team.
  • Preparation of IFRS15 adjustments for customer contracts using Finance Data Hub inputs and processing these through Ingrid (Group revenue recognition tool). Analysis and interpretation of results.
  • Liaising with Network Finance with regard to labour charges and with Hardware Accounting Team with hardware cross-charges
  • Liaising with Internal and external audit and responding to queries within agreed timeframes. 



Location: Slough or Leeds

Closing Date: Friday 14th May 2021


Salary and Benefits


We’re looking to pay a great compensation package (depending on experience) for this position. We also offer plenty of extras to sweeten the deal, which could include things like bonuses, life assurance cover, health care and lots of flexible benefits.  


Also, every employee has their personal development supported with a LinkedIn learning account; plus other role specific learning available through our award-winning digital learning platform - O2 Campus. 


We also believe a great work-life balance is important, so we’re open to considering flexible working arrangements. Like to know more, feel free to raise it.  


Join us and we’ll encourage you to be bold every day. So take a deep breath, your career is about to go to exciting new places. 


If you have any questions around the role then please email who will be happy to help.