60 seconds with Terry Grice

A Manager within Equatex’s Financial Reporting Competence Centre and Team Leader for one of the financial reporting teams in Norway, Terry Grice discusses complex accounting, country living and club football

We talk to Terry Grice about his work on EquatePyramid, why he’s so proud of the platform and what keeps him busy beyond work.

How long have you worked for Equatex?

Four years in October.

What does your current role involve?

It encompasses anything and everything throughout the lifecycle of EquatePyramid, our accounting and financial reporting platform. It could be sales support, helping the sales team prepare request for proposal (RFP) documents, or helping with demos for potential clients, right the way through to implementing new clients and ultimately providing the financial reporting for share based payment for our large international corporate clients, which my team are focused on.

What challenges can EquatePyramid help companies overcome in financial reporting and accounting?

We primarily started offering International Financial Reporting Standards (IFRS), and IFRS for share-based payment is quite a complex accounting standard. Having the software and the expertise to use that software, people with an understanding of the accounting behind it, really helps to solve this complexity issue for our clients. In the past many companies were using excel sheets or similar programmes that aren’t all that scalable; they quickly become unmanageable due to date size and people adding their own formulae and so on. With EquatePyramid the risk of inaccuracies is mitigated.

What is it about the EquatePyramid platform and technology that makes you feel most proud and excited?

We’re fully compliant with IFRS, the international accounting standards, and more recently EquatePyramid became compliant with the US Generally Accepted Accounting Principles (US GAAP) as well. In fact, we’ve just implemented one of our first fully US GAAP clients in EquatePyramid, and they’re very happy. It’s incredible to see successful projects come together.

What do you enjoy most about your role?

For me, it’s about learning things. I’m a Chartered Certified Accountant by trade, so the types of things I like to learn are the more technical accounting aspects. If there’s a new client or a different type of plan that gives me the chance to learn something new, then that’s the kind of challenge that I enjoy the most. Also, passing that new knowledge on to others in the team.

When you’re not working, what are your hobbies and passions?

I’ve got two small children who are 7 and 4, so I like to spend as much time as possible with my family, going to the little campsite we built in the forest where we live or out to the lake. We live far away from Oslo – it’s about 75 kilometres for me each way. But it’s really worth it. I enjoy living in the countryside where everything’s nice and quiet I’m also a passionate Liverpool FC fan. Obviously I can’t go to the games but I watch as much as I can on the TV. I also enjoy running, and reading if there’s any time left over after all of that!

If you could be anywhere else in the world right now, where would it be and why?

No place in particular, just so long as it’s got beautiful scenery, is near to the water and is very quiet. I’m not really a person who enjoys cities.

If you were shipwrecked on a desert island, what book, luxury item and music would you take with you?

My favourite book is To Kill a Mockingbird – I named my first son after one of the main characters, Atticus. A luxury item … perhaps I could get some kind of satellite TV out there to continue watching the Liverpool games. And music? Something by The Beatles, Foo Fighters or Leonard Cohen.

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Equatex provides international employee and executive compensation plan services for today’s global enterprise, supporting clients with participants across Europe, Asia, Australia and America.

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