Job description

Statutory Accountants are responsible for completing all financial reports and accounts required by statutory bodies (for example the Financial Services Authority) to ensure that a company or organisation complies with regulatory reporting requirements.

Statutory Accountants must be familiar with a number of statutory accounting principles and requirements and are considered experts in their field.

Duties include:

• Accounts preparation.
• Audit preparation.
• Financial analysis and review.
• Management reporting.
• Delivering statutory financial statements and reports.
• Working to deadlines for the delivery of statutory reports.
• Ensuring compliance with all regulatory requirements.

Qualifications

Statutory Accountants are usually qualified accountants, who have specialised working knowledge of requirements such as International Financial Reporting Standards (IFRS) as well as experience of working with local regulators, for example (in the UK) the Financial Services Authority.

Salary Snapshot

Recent salaries advertised online (December 2009) include:

• £400-475 per day for a qualified Statutory Accountant working on a temporary contract for a large financial services firm in the City of London.
• £300 per day for a qualified Statutory Reporting Accountant working on a temporary contract for a pharmaceutical company in London.
• £65,000 per annum for a qualified Group and Statutory Accountant working for a FTSE 100 company in central London.
• £35-40,000 per annum for a Group Accountant working on statutory returns for a company in Manchester.

Are you a Statutory Accountant? Would you like to contribute to our "Day in the Life of..." series? Email us at info@topfinancialjobs.co.uk for more details.