Finance Manager – Capital Assets

O2 Telefonica


Virgin Media O2 brings two of the UK’s most iconic brands together. With over 47 million connections across broadband, mobile, TV and home phone, we’re a fully integrated communications, entertainment and business solutions provider. It’s no mean feat and we’ll need resilience, patience, and boundless energy to achieve our ambitious plans. As a customer first organisation, we’re seeking amazing talent to join us, as we reimagine connectivity, and upgrade the UK, for the benefit of our customers, businesses, and communities. We have a strong commitment to playing our part in driving positive change and sustainability, including a market-leading pledge to be net carbon neutral by 2025


Job grade: PCGU / VM Level 5
Location(s):  Slough
Closing Date: 8th August 2022


Role Purpose


Here at Virgin Media O2, we’re about technology that creates new and exciting experiences. It’s why there are over 25 million people who choose to live life on Virgin Media O2. 


As part of Virgin Media O2, one of the world’s most innovative digital companies, we’re able to open up all sorts of possibilities – not just for customers, but for the people who work for us, too. 


Great benefits. Generous rewards. High-quality training. Ongoing career development. Flexible working. These are just some of the reasons we attract great talent.


Our inclusive approach to recruitment helps us be a true reflection of our customers and their communities. That’s why everybody’s welcome at Virgin Media O2 – it’s time to get everyone in the room.


About the team


The Capex and Property opex team plays a pivotal role within the Financial Control department of Virgin Media O2.

The team of 5 are responsible for the monthly accounting of capex (over £700m per annum), IFRS16 and property opex. In addition, we provide vital insight to key stakeholders that help the understanding of and influence the company’s cost base.

This is a fantastic opportunity to join a team with real responsibility and impact.


About the role

This role is to ensure the accurate accounting of capital expenditure and fixed assets and will provide a great opportunity for someone to join a large business and get a great insight into the strategic capital investment with a role that reaches across multiple areas of the business.
The role requires a close relationship with the Network Commercial Finance team (Operational Finance), providing support to them during, and outside of month end, ensuring that information is obtained in order to achieve business objectives. 

Key contact providing support to Infosys (fixed asset outsourced service provider), and to ensure that their work is reviewed thoroughly, and any issues are fed back timely.

With real responsibility for the integrity of our accounts as well as associated process and controls, this role offers a fantastic chance to have a real impact on the Virgin Media O2 business.

Key Responsibilities

Review and challenge the integrity of capital expenditure data and reporting to ensure the integrity of our accounts.
Maintenance of the fixed asset register on a monthly basis.

Collaboration with the Network Commercial Finance team to provide support to them during month end.
Ensure depreciation/ amortisation is properly calculated and that any associated provisions held, are fully understood and supported.
Prepare reporting for month end depreciation review meetings with the Head of Accounting. 

Key contact for Infosys (outsourced service provider), and provide support when required.

Subject matter expert for projects in Oracle; e.g clearing stuck PA project transactions and resolving PO approval issues. Also key liaison officer for the Oracle on Demand team.

Be responsible for maintaining compliance to Sarbanes-Oxley processes and controls for capital expenditure and depreciation, including asset verification and fixed asset register to general ledger reconciliation.

Key contact for internal and external audit queries. Provide support to reporting team for year-end disclosures
Ensure Budgets and forecasts are pulled together (where appropriate) to agreed timescales in respect of depreciation/ amortisation.
Heavily involved in adhoc projects which impact on capital expenditure.

Key Skills/Experience/Behaviours

•    Qualified Accountant.
•    Strong technical accounting experience with working knowledge of IAS 16 and IAS 38. 
•    Fixed Asset / Capital Accounting experience
•    Managing relationship with outsourced service providers and relationships with external accounting teams to ensure high levels of performance
•    Systems knowledge – Oracle GL, Projects and good knowledge of databases
•    Advanced excel skills
•    Ability to work to tight deadlines and meet challenging deadlines.

Key Stakeholders
Internal – Operational Finance Team, Infosys and Head of Accounting.
External – Auditors

Additional Information
•    No specific travel requirements
•    No direct reports




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. 

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