Management Accountant
Our client, an award-winning medical communications agency based in Thames Ditton, is looking for an experienced management accountant to join their team on a permanent basis. The ideal candidate will have existing experience as an accountant, flexibility to commute 2 days a week to the office in Thames Ditton (parking on-site) and excellent team building and communication skills. You will ideally be an AAT qualified professional, or ACCA/CIMA student.
Core Duties/Responsibilities
The main purpose of the role is the timely and accurate preparation of the monthly management accounts including budget forecasting that requires detailed variance analysis and reporting. To support the business to achieve key financial objectives specifically containment of costs that promote driving efficiencies through the review, development, and implementation of required systems.
Key Responsibilities
- Calculation of accrued and deferred revenue in line with Revenue Recognition principals and preparation of journals
- Ensure a sound understanding of the business, our industry using your commercial acumen to
- competently carry out your role
- Monthly variance analysis (by comparing to budget/forecast) and exception reporting
- Monthly & quarterly balance sheet reconciliations
- Reconciliation of revenue related Balance Sheet control accounts
- Assist with year-end audit by providing all relevant information to the auditors
- Business partnering with business on a regular basis to support understanding financial detail and feed into the rolling forecast and annual budgeting process
- Continuously reviewing current processes and making improvements to allow better control or improved efficiencies
Key Monthly Duties
- Complete month end reporting process for designated business area(s) adhering to tight reporting deadlines ensuring accuracy and compliance.
- Prepare Net Sales for monthly Management Accounts reconciled to Trial Balance
- Regularly review WIP for anomalies, preparing quarterly reports for sign off for all clients and brands.
- Work closely with the Account Directors, conducting monthly Business Reviews, sense checking budgets for errors, providing individual job reports when asked, and meeting to reconcile jobs.
- Journal costs between Job Codes were agreed with Account Directors, closing jobs, and completing relevant Month End Reporting WIP schedules as appropriate.
- Ensure Jobs are reconciled and closed in a timely fashion.
- Monitoring and managing the completion of Timesheets.
- Providing relevant timesheet analysis for management review.
- Maintain an orderly accounting filing system.
Reporting
- Issue timely and complete financial statements.
- Coordinate the preparation of the statutory accounts.
- Assist in the provision of information for the annual budgets, with overheads and advising on issues with payroll reconciliation.
- Oversee the issuance of financial information.
- Calculate variances from the budget and report significant issues to management.
- Prepare reports of financial information to business leads.
- Recommend KPI benchmarks against which to measure the performance of company operations.
- Preparation of management monthly reporting packs.
- Tax reporting, both on a quarterly and annual basis.
Compliance
- Coordinate the preparation of Year End Reporting Packs.
- Ensure that record keeping meets the requirements of auditors and government agencies.
- Coordinate the provision of information to external auditors for the annual audit.
- Maintain relations with external auditors and investigate their findings and recommendations
Finance Systems (Manual/Digital)
- Review and monitor a reliable system of controls of accounting transactions as required.
- Review of current finance and data systems to allow for improved efficiencies to add value to business processes
- As required set up new, user-friendly Excel spreadsheet models
- Support the achievement of relevant, timely financial and management information to support business decisions e.g., resourcing needs and increasing revenue streams
- Play a pivotal role in the planning and implementation of new systems, any updates, changes, or
- development of existing systems to support the strengthening of our business infrastructure, business efficiency and or growth
- Driving improvement and efficiencies in financial processes to improve accuracy and reduce time
Business Partnering
- Liaising with business, client and project leads to ensure understanding of financial objectives.
- Informing the business on any anomalies and providing guidance on how to identify and capitalise on opportunities to enable development of growth.
- Creating BU P&L’s aligned with the wider financial business plan
- Working with business leads to support resourcing plans within budget parameters
- Provide appropriate training and knowledge share sessions in financial requirements to all client teams
- Develop an Understanding of the Industry and its Opportunities and Risks.
- Improve organisational performance by embracing, adapting, implementing, and supporting change through the provision of effective initiatives
Adhoc
- To drive and or participate in projects some which may be across business areas as required
- To mentor junior members of the team and share knowledge to support development of skills
If this sounds like you then please send us your CV now!
Due to the high volume of applications, only successful candidates will be contacted.