Job Description

XP Power is a leading power designer and manufacturer of electronic power conversion products. We serve a wide variety of business in the Industrial, Healthcare, Semiconductor Equipment Manufacturing and Technology markets. We have presence in over 40 countries within the North America, Europe and Asia region. The Company is listed on the London Stock Exchange.

This is an exciting time to be joining us as we continue to grow sustainably and profitably, working towards our vision to become the first choice power solutions provider delivering the ultimate experience for our customers.

We are committed to our culture that values Customer Focus, Flexibility, Knowledge, Speed and Integrity.

The General Ledger (GL) Accountant is responsible for maintaining the accuracy and integrity of the company’s general ledger and supporting timely, compliant financial and tax 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
• Support preparation of VAT returns*
• Assist with tax provisioning and preparation of corporation tax returns

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

Education & Experience

• Bachelor’s degree in accounting or finance
• At least 5 years of general ledger or core accounting experience
• Experience in a multinational or manufacturing environment preferred
• Prior experience from audit advisory firm will be a plus

Technical Skills

• Experience with SAP or equivalent ERP systems
• Understanding of 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

We are establishing a new manufacturing plant in Malaysia and are seeking our first on-site IT Manager to lead the technology set-up, deliver day-to-day support and build the local IT function as the site scales. In the early months this is a deeply hands-on role – you will be the person standing up the network, configuring laptops, onboarding users onto our Microsoft 365 tenant alongside global IT, and getting the S/4HANA-connected shop-floor tooling working reliably. As the plant ramps up, the focus will shift toward team building, service management and longer-term IT strategy for the site. You will report into global/regional IT, working in close partnership with the Malaysia Plant Manager and functional leaders on site.