Wood has an exciting opportunity a Head of Technical Accounting & entity structure to join Group Finance Function us on a permanent basis. The role acts as the Group’s subject matter expert on complex technical accounting matters and is responsible for the review, optimisation and governance of the Group’s legal entity and intercompany financing structures.
This role is open to candidates based in the UK, with flexible remote working arrangements available.
The Role
You will be accountable for ensuring that the Group’s entity structure, capitalisation and intercompany arrangements are appropriately designed, technically sound, tax‑efficient and compliant with IFRS, local statutory requirements and internal governance policies. This includes leading and / or reviewing entity goodwill impairment assessments, balance sheet recapitalisations and entity restructurings and reductions
Working closely with the entity reduction programme, Group Treasury and Group Tax, the role provides technical accounting leadership to support simplification, cost reduction and balance sheet optimisation initiatives, while safeguarding reporting integrity and audit robustness. You will plays a lead role in simplifying the Group’s entity structure and ensuring the financing activities are correctly reflected in the Group’s financial statements and statutory accounts.
The role exercises significant influence over the Group’s technical accounting positions, legal entity architecture and intercompany financing design, providing authoritative recommendations on complex accounting matters and structural decisions, within the framework of IFRS, statutory requirements and Group governance, and materially influences balance sheet outcomes and audit conclusion.
Our Clients and Projects
Designing the future. Transforming the world.
Wood delivers solutions across more than 60 countries with local offices covering all major energy and materials hubs globally.
For more than 160 years, we have partnered with clients to deliver engineering, advisory and operational solutions to some of the world’s most complex and critical challenges in energy and materials.
What we can offer
- Meaningful and interesting projects we support green hydrogen and fuel switching, as well as supporting local clients with energy transition
- Flexible working arrangements that balance client, team and individual needs offering hybrid working arrangements
- Commitment to Diversity and Inclusion ; we are an organisation actively committed to diversity and inclusion across our business with employee networks committed to giving all employees a voice
- Competitive salary with regular salary reviews to ensure we are rewarding at the right level in line with the market
- Flexible benefits package ; inclusive of 33 days annual leave (including public holidays), generous contributory pension scheme, private medical cover, 4x base salary life insurance; all of these and more that can be adapted to suit your own lifestyle
- Commitment to continued professional development; development plans that are tailored to your individual needs and interests
- Global connections ; join experts around the world who are at the leading edge of our industry, shaping the standards of our profession
Technical Accounting and IFRS Expertise
- Act as the Group technical accounting SME for complex and judgemental accounting areas, including business combinations, goodwill and impairment, capital structure changes, intragroup funding and restructurings
- Prepare and review formal technical accounting papers to support significant accounting judgements and conclusions under IFRS
- Provide authoritative advice to Group Finance, regional finance teams and senior leadership on new and emerging accounting standards and their impact on the Group
- Develop and lead training programmes for key accounting topics within Wood Group for key areas of accounting, e.g. IRFS15 Revenue recognition
Group Entity Structure & Architecture
- Review and assess the appropriateness of the Group’s legal entity structure, identifying opportunities for simplification, rationalisation and risk reduction
- Partner with stakeholders to lead planned liquidations, mergers, migrations and other corporate restructurings, ensuring accounting impacts are fully assessed and executed
- Oversee accounting considerations arising from entity disposals, wind‑ups and reorganisations, including reserves, foreign currency translation and loss recognition
Intercompany Financing & Capital Structure
- Review and optimise intercompany financing arrangements in collaboration with Group Treasury and Group Tax, ensuring structures are clearly documented, defensible and compliant with IFRS and transfer pricing principles
- Partner with Tax, Treasury and Legal / Corporate Governance to Design controls to ensure intercompany funding structures have appropriate approvals / governance
- Assess accounting implications of intragroup loans, cash pooling, guarantees and funding instruments, including classification, measurement and disclosure
- Support the design and execution of recapitalisations, refinancing and other balance sheet optimisation initiatives at entity and Group level
- Lead for developing Parent company guarantee (PCG’s) process and policy ensuring suitable PCG entities within the Group and regional structure
Audit, Governance & Controls
- Act as a key technical contact for external auditors on complex accounting matters relating to restructurings, intercompany arrangements and impairments
- Ensure strong governance, controls and documentation over technical accounting judgements and structural changes
- Support Board reporting on significant accounting matters, entity restructuring activity and balance sheet risks
Stakeholder Collaboration
- Work closely with Group Treasury on funding structures, covenant considerations and capital planning
- Partner with Group Tax to ensure alignment between legal entity architecture, tax strategy and accounting outcomes
- Collaborate with Legal, external advisers and regional finance teams to ensure coordinated execution of structural changes
Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects and operations solutions in 45 countries, employing around 25,000 people. www.woodplc.com
Diversity Statement
We are an equal opportunity employer that recognises the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment on the basis of objective criteria and without regard to the following (which is a non-exhaustive list): race, colour, age, religion, gender, national origin, disability, sexual orientation, gender identity, protected veteran status, or other characteristics in accordance with the relevant governing laws.
