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UK Controller London, UK

UK Controller Description

Job #: 57838
EPAM is committed to providing our global team of 36,700+ EPAMers with inspiring careers from day one. EPAMers lead with passion and honesty and think creatively. Our people are the source of our success and we value collaboration, try to always understand our customers’ business, and strive for the highest standards of excellence. In today’s new market conditions, we continue to support operations for hundreds of clients around the world remotely, with the vast majority of our teams working from home. No matter where you are located, you’ll join a dedicated, diverse community that will help you discover your fullest potential.

DESCRIPTION


The primary responsibility of the UK Controller for the entities in scope will be to maintain an effective accounting framework and related internal controls to ensure that the accounting records are complete and accurately representing the company’s financial position in compliance with local laws and regulations and US-GAAP, as well as Corporate Policies. In this capacity, the UK Controller will highly leverage the capabilities of EPAM Global Shared Services Center (SSC) teams and work closely with Finance leadership to assess the right balance of using internal SSC resources and local external agencies for certain tasks, while overseeing all financial activities of the entity. The role will have overall responsibility for the timely and accurate completion of local Tax and Statutory filings and related Audits. This position is key in monitoring changes in local legislative environment and initiating required changes in internal policies and practices, while being the driver in general for continuous process improvements locally.

The entities in scope cover at the moment EPAM Systems Limited, Ricston UK Limited, Think Limited, Great Fridays Limited (dormant) in the UK and EPAM Systems (Ireland) Limited in Ireland, which could be revisited based on the changes in the economic and business environment or requirements. Shall any of the entities fall outside of the jurisdiction that the UK Controller has proficient knowledge of local legislation and require the support of external agencies to properly address compliance requirements, the combination of internal and external resources will be separately agreed.

Responsibilities

  • Accounting Framework and Related Control Environment:
    • Work closely with Corporate SSC Teams to maintain an effective accounting framework under both Local- and US-GAAP
    • Monitor local legislative environment and initiate policy changes if required – inform Global SSC teams in time of such changes affecting their procedures (e.g. Business Partnering Services about changes in invoicing templates)
    • Coordinate with different Global SSC teams to ensure issues are handled consistently among different teams
    • Define Local GAAP adjustment requirements vs US-GAAP and post them in local ledger
    • Review and analyze monthly results during each closing to ensure accuracy of reported Trial Balance
    • Perform required account reconciliation each month in line with Corporate policy
    • Maintain an effective local Internal Control environment in line with SOX requirements and company policies
  • Statutory/Corporate Audits:
    • Support the timely completion of Corporate audits as required
    • Coordinate the Statutory audits with local audit teams
    • Ensure that statutory filings are completed within required deadline
    • Prepare periodic Stat to US-GAAP reconciliation/bridge for internal purposes
  • Taxation:
    • Ensure compliance with applicable local Tax laws and regulations
    • Prepare/review periodic and annual Tax filings and ensure timely submission to authorities
    • Advise other departments of local tax rulings early in their processes to ensure impacts are considered
    • Respond to Tax Authority inquiries and lead initiated Tax Audits with the involvement of EU Tax Director
    • Inform Global SSC teams in time of taxation changes affecting their procedures (e.g. VAT, T&E expense related taxation, etc.)
  • Payroll:
    • Liaise with local payroll agencies in coordination with Global Payroll team
    • Monitor payroll related legislation and ensure compliance with all applicable laws, escalate if required
    • Verify payroll calculations provided by external agency to ensure accuracy and completeness as agreed with Global Payroll team
    • Ensure all payroll processes under local control are fully compliant with internal SOX requirements
    • Ensure payroll tax filings are submitted to the authorities in time and related payments are made timely (including proper handling of payroll taxes related to stock-based compensation)
  • Transfer Pricing:
    • Hands-on control of Intercompany Transactions and EPAM TP Policy
    • Work closely with the central Transfer Pricing team and provide support as necessary
    • Monitor local Transfer pricing regulations and related documentation requirements and escalate as required
    • Responsible for the completion of annual Transfer Pricing documentation
  • Finance Business Partnership:
    • Work closely with the central FP&A team related to local transactions so that proper responses can be given to management inquiries
    • Support the annual Budgeting process for the entity and monitor that expenses are properly recognized locally in our financials
    • Provide ad-hoc support to different Budget holders to understand their year to date Budget performance related to local financials
    • Liaise with the Accounting and FP&A teams if corrective actions are required as a result of the performed reviews
  • Archiving:
    • Define and maintain archiving requirements and related controls of business records in line with local regulations
    • Ensure that Corporate records are available upon request from Authorities
  • Other activities:
    • Lead the integration of M&A entities into the local legal entity as appropriate while leveraging the EPAM framework
    • Support the initiatives of new entity openings from economic and commercial evaluation perspective and lead the company set-up process from Finance side (e.g. bank accounts, local standards, etc.)
    • Support central treasury teams for local banking relationships
    • Support the central AP and Procurement Teams for local vendor inquiries and issue resolution
    • Other Ad-hoc activities as required

Requirements

  • Degree in Business Administration, Accounting or equivalent
  • Holder of a local equivalent of a valid CPA qualification
  • Minimum 7 years working experience in the field of Accounting either at a multinational company or in Audit services (Big4)
  • Minimum 3 years working experience as Chief accountant of a local subsidiary of a multinational company
  • Excellent knowledge of statutory and IFRS/US-GAAP accounting standards including related analysis and reporting
  • Solid knowledge of Tax and local regulations including Transfer Pricing frameworks
  • High integrity standards and reliability
  • Solid understanding of partnering within Finance and other local/global colleagues
  • Strong analytical and IT skills (preferable SAP, ERP, MS-Office)
  • Ambitious, polished, highly articulate and strong interpersonal skills
  • Excellent communication skills in English (both written and oral)

Nice to have

  • Further qualification in the field of Taxation
  • Experience in managing Tax Audits from Legal Entity perspective
  • Experience in working with Shared Services environment

We offer

  • We offer a range of benefits including
  • A competitive group pension plan, life assurance and income protection
  • Private medical insurance, private dental care and critical illness cover
  • Cycle scheme Tech scheme and season ticket loan
  • Employee assistance program
  • Various perks such as Gym discount, Friday lunch, on-site massage and regular social events
  • Unlimited access to LinkedIn learning solutions
  • Some of these benefits may be available only after you have passed your probationary period

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