Job Description
Company Description
ABOUT US
XP Power is a global leader in providing essential power solutions to the Industrial Technology, Healthcare and Semiconductor Manufacturing Equipment sectors. We design and manufacture power controllers, the essential hardware component in every piece of electrical equipment that converts power from the electricity grid into the right form for equipment to function. Listed as a FTSE 250 company on the London Stock Exchange we are a fast-growing business, serving our global blue-chip customer base from 29 locations across Europe, North America, and Asia. We are extremely proud and committed to our culture that values Customer Focus, Flexibility, Knowledge, Speed, and Integrity. Joining our team means you’ll work in a high performing global organisation where employees collaborate, and strive to make XP Power the first-choice power solutions provider delivering the ultimate experience for our customers and our people.
Job Description
KEY RESPONSIBILITIES
The General Ledger (GL) Accountant is responsible for maintaining the accuracy and integrity of the company’s general ledger and supporting timely, compliant financial reporting. This role owns journal entries, account reconciliations, accruals, and variance analysis, and plays a key role in month‑end and year‑end close processes.
The GL Accountant works closely with AP, AR, Payroll, FP&A to ensure complete and accurate financial records in accordance with IFRS, company accounting policies, and internal control requirements.
General Ledger & Close
- Prepare and post standard and adjusting journal entries (accruals, prepaids, reclasses, allocations)
- Support month‑end, quarter‑end, and year‑end close activities in accordance with the close calendar
- Maintain accurate balances across GL accounts and ensure timely resolution of reconciling items
- Perform balance sheet account reconciliations with appropriate supporting documentation
Accounting Areas
- Fixed Assets and Intangible Assets (capitalization, depreciation, amortization, disposals)
- Prepaids, accruals, GR/IR, leasing and operating expense accounts
- Lead intercompany invoice posting, variance analysis, and reconciliation of all intercompany balances
- Perform GR/IR (goods receipt/invoice receipt) clearing three times per month
- Support transfer pricing calculation
- Support distributor stock rotation accounting
- Support the periodic fixed assets review process; track fixed asset email requests received in the inbox; and coordinate asset information updates in SAP
Analysis & Reporting
- Perform variance analysis versus prior period, investigate and explain fluctuations
- Assist with cash, net debt, and working capital analysis as required
Controls, Audit & Compliance
- Ensure compliance with accounting policies, internal controls, and documentation standards
- Support external audits, internal audits, and statutory reporting by providing schedules and explanations
- Participate in process reviews to strengthen controls and improve close efficiency
Systems & Process Improvement
- Prepare and review postings in SAP (S/4HANA)
- Support process improvement initiatives within Record‑to‑Report (R2R)
- Assist with system enhancements, new account setup, and master data maintenance as required
- Leverage AI for process and efficiency improvement
Qualifications
Key Qualifications and Skills
Education & Experience
- Bachelor’s degree in accounting or finance
- 2–3 years of general ledger or core accounting experience
- Experience in a multinational or manufacturing environment preferred
Technical Skills
- Experience with SAP or equivalent ERP systems
- Understanding of US GAAP and/or IFRS
- Intermediate to advanced Excel skills (reconciliations, pivots, analysis)
Core Competencies
- Strong attention to detail and ownership mindset
- Ability to work independently and meet close deadlines
- Clear written and verbal communication skills
- Analytical and problem‑solving capability
- Ability to collaborate effectively across Finance and Operations
Additional Information
WHY WORK FOR US?
XP Power provides a safe and healthy working environment that is stimulating and collaborative, where employees are empowered to make a real difference. We place our people at the heart of everything we do. We understand that if we provide our people with the ultimate experience, they will provide the ultimate experience to our customers.
OUR PEOPLE – OUR POWER
XP Power is an equal opportunities employer. We are committed to creating an environment where people are valued, supported and nurtured to deliver their best. Operating globally, we celebrate the cultural differences that exist in the countries in which we do business. Being a truly diverse and inclusive community helps us grow our business through innovation; attracting and retaining talent to engage the people who buy our power solutions. We know that by cultivating the ultimate experience for all our people, they will deliver the same to our customer
