Since 2010, HMRC have required accounts that support tax returns to be submitted to them online in iXBRL format. Revenue in Ireland introduced a similar requirement in 2013. iXBRL is a computer language which is used for reporting financial data. In the UK Financial Services Office (FSO) iXBRL team (part of the wider FSO Accounting & Compliance team) we undertake the conversion of statutory accounts to iXBRL format for our clients.
The role is predominately office based, and the majority of direct client interaction is done over the phone. However, there are opportunities to get involved in client proposals / pitches and we do run on-site review / training sessions with some clients. Our busiest period is the last three months of the year as the majority of our clients have 31 December filing deadlines. Even at the busiest times, this should be a role that can be done within "normal" hours.
Your key responsibilities
The conversion process involves tagging (mapping) data in the accounts to a "taxonomy", a dictionary of accounting terms, and applying additional attributes to those tags. The FSO Tax (GDS)team in Bangalore do the initial data entry / tagging and the first level review. Our UK team (details below) add a further layer of UK quality review / sense check and interact with client handlers (FSO tax managers) and clients directly.
The candidate would be expected to manage their own portfolio of clients and progress their work with limited supervision from the manager. However, the manager would always be on hand for support and advice and to facilitate work that needs to be completed in a shorter than normal timeframe.
Our UK XBRL team.2. Our client handlers are in London, Leeds, Edinburgh and Dublin and the GDS team are in Bangalore, so the vast majority of intra-team interaction is done by email / Skype / telephone. As a result, this role could be done from any office.
Skills and attributes for success
· While a strong working knowledge of iXBRL tagging is required, an equally important skill for our reviewers is a thorough understanding of accounts
· We would ask for a minimum of two years’ experience in an accounting department so, Assurance, Accounting Compliance & Reporting, iXBRL processor, Financial Accounting Advisory Services or something similar.
· It is not sufficient to have dealt with accounts in exams, you need to have been in a hands-on role.
To qualify for the role you must have
An ideal candidate would have a thorough understanding of UK and Irish GAAP / IFRS accounts and a solid appreciation of the relevant Financial Reporting standards. Attention to detail is key, as well as the ability to manage projects with numerous deliverables and a number of different stakeholders. Good communication skills are also essential as the job requires engagement with clients, colleagues here in the UK and the team in Bangalore.
Although we are looking for someone on a full-time, permanent basis, there is no reason why this couldn't be a job share / part time position and there is scope for flexible hours / other flexible arrangements, as long as the candidate can be available by phone / Same time throughout the times they are working.
Who we are
At Ernst & Young our inclusive work environment means that everyone’s opinion is valued. This enables us to provide better advice and ideas to our clients, which in turn helps you develop as an individual to achieve your potential and make a difference.
What working at EY offers
We offer a competitive remuneration package where you’ll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer:
· Support, coaching and feedback from some of the most engaging colleagues around
· Opportunities to develop new skills and progress your career
· The freedom and flexibility to handle your role in a way that’s right for you
EY is committed to being an inclusive employer and we are happy to consider flexible working arrangements. We strive to achieve the right balance for our people, enabling us to deliver excellent client service whilst allowing you to build your career without sacrificing your personal priorities. While our client-facing professionals can be required to travel regularly, and at times be based at client sites, our flexible working arrangements can help you to achieve a lifestyle balance.
As a global leader in assurance, tax, transaction and advisory services, we’re using the finance products, expertise and systems we’ve developed to build a better working world. That starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. Whenever you join, however long you stay, the exceptional EY experience lasts a lifetime. And with a commitment to hiring and developing the most passionate people, we’ll make our ambition to be the best employer by 2020 a reality.
If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.
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