Cornerstone
IFRS16 Manager
Get notified of more jobs like this · No spam, ever
How your CV stacks up
Upload your CV to see how well it fits this job role
?%
Our Vision
Continue to be the leading UK mobile infrastructure services company.
Our Mission
To be famous for excellence in delivery, embracing transformation with our people and our customers at its heart.
We are at an exciting time in our company’s development. We've come a long way since we were first formed in 2012. From the rollout of new technologies and managing complex legislation affecting the industry, we are leading the conversation on innovation and developing sharper solutions to serve our customers better. We collaborate as a team to meet the high standards expected of us and demand the best of ourselves through our values.
IFRS16 Manager
Main Purpose of Role
Cornerstone is the UK’s leading mobile and digital infrastructure provider, managing over 15,700 sites and holding 35% of the market. Our Mission is to be famous for excellence in delivery, embracing transformation with our people and our customers at its heart.
Lead the lease accounting within Cornerstone, acting as the Subject Matter Expert for IFRS16. Ensure monthly lease data updates are processed in line with IFRS16 guidance, post all associated journals, maintain robust reporting controls, and lead responses to external audit review. Drive improvements in data visibility and reporting integrity through close collaboration with outsourced providers.
Key Roles and Responsibilities
Scope
- Own the end-to-end IFRS16 process and policy, including lease accounting for a portfolio in excess of 15,000 sites.
- Maintain accurate monthly IFRS16 reporting by updating lease data in an Excel-based model, posting associated journals.
- Act as the key IFRS16 contact for shareholder finance teams, external auditors, outsourced providers, and internal stakeholders.
Delivery
IFRS16 process, data, and reporting:
- Act as SME for IFRS16 process and policy, ensuring lease accounting treatment is applied consistently and in line with IFRS16 guidance.
- Liaise with outsourced providers to obtain monthly updates and process adjustments to lease data, posting all associated IFRS16 journals.
- Maintain and improve robust Excel-based models and supporting controls to generate accurate lease accounting outputs.
- Accounting treatment of lease modifications and lease impairment assessment.
- Accuracy and timeliness of monthly IFRS16 close; ensuring reporting is completed before 12pm on WD2.
Reasons to use Rodeo
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
It searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Reporting & Audit:
- Lead responses to external audit review of lease accounting, coordinating evidence, analysis, and management responses.
- Ensure there are no material external audit findings in relation to lease accounting.
- Preparing technical accounting papers to support lease accounting methodology.
- Collaborate with outsourced providers to drive process improvements and enhance the integrity of IFRS16 reporting.
- Supporting commercial, legal, and property teams on lease structures
- Assessing accounting implications of new site agreements and lease modifications
- Advising business stakeholders on IFRS16 consequences of contractual changes
Shareholder Reporting:
- Act as key IFRS16 contact for shareholder finance teams, supporting with queries and the provision of accurate data.
- Build trusted relationships with internal and external finance stakeholders to resolve issues, provide insight, and maintain confidence in IFRS16 reporting.
Other IFRS16 Responsibilities:
- Document and maintain accounting papers and process notes for IFRS16 as required.
- Ensure balance sheet reconciliations are maintained monthly, including deferred rent.
- Develop and maintain a robust control environment for lease accounting.
- Assessing accounting implications of new site agreements and lease modifications
- Technical accounting papers and position papers
- Monitor IFRS developments and accounting changes to ensure continued compliance.
Other:
- Support finance transformation initiatives.
- Support the implementation of a new IFRS16 lease accounting system, acting as the finance subject matter expert throughout design, testing, and deployment.
- Support ad-hoc projects and tasks as directed by line manager.
- Contribute actively to health and safety, environmental, business continuity, and information security arrangements to meet ISO obligations.
Get help with your application
Your very own career expert that helps elevate your application to the next level.
Role Expertise
- Strong technical understanding of IFRS16 accounting, controls, and policy application.
- Ability to manage complex reporting and audit requirements.
- Advanced Excel modelling and large-volume data analysis capability, with a focus on reporting integrity and process improvement.
- Leadership capability to manage relationships with outsourced service providers, external auditors, and internal heads of finance.
Person Specification (Expertise)
Knowledge, Skills, and Experience:
- 2+ years post-qualification experience with exposure to IFRS16 accounting.
- Proven ownership of IFRS16 reporting.
- Experience managing external audit reviews.
- Experience operating in a large or complex organisation.
- Experience improving financial controls and processes.
- Strong Excel skills and ability to manage large datasets.
- Ability to work independently and prioritise effectively.
Qualifications:
- Qualified accountant (ACA, ACCA, CIMA).
Cornerstone Values
Operate and uphold Cornerstones’ values of Everyone Matters, Innovate to Elevate, Do the Right Thing, and Customer First by being Professional, Respectful, and Open.
Our Commitment to Equity, Diversity, and Inclusion (EDI)
Our commitment to Equity, Diversity, and Inclusion (EDI) is fundamental to our success. We strive to cultivate an inclusive environment where every employee feels valued, respected, and empowered. By embracing unique perspectives and experiences, we drive innovation and drive our organisation forward, therefore, we recognise the importance of welcoming applications from candidates of all backgrounds.
We want to ensure everyone is able to present their best self throughout the recruitment process so if you require any adjustments, please let us know.
If this role is of interest to you and you would like to find out more, please do apply with an up-to-date version of your CV.
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London
Skills
Location