Job description
Job Title: Management Accountant
Salary: £55k - £60k DOE
Location: Central London, Office Based.
Summary
We are representing Europe's largest regeneration scheme located in London, looking to bring a management accountant on board due to continued growth. Building over 17,000 homes as well as offices, retail, and infrastructure this project is changing the landscape of the area and offers a great opportunity for someone to be involved.
The ideal candidate will hold an ACA, ACCA, or CIMA qualification and possess experience in a comparable role within the real estate sector, ideally within a smaller/medium size business.
Key Responsibilities:
- Taking full ownership of Trial Balance reconciliations for certain subsidiaries ensuring all balance sheet and income statement nominal ledgers are reconciled monthly and for the year-end audit. Assisting with the year-end audit.
- Preparation of monthly and quarterly management accounts.
- Supporting the existing 'Accounts Payable' function with invoice processing/approvals, supplier account reconciliations, payments, interdepartmental supplier queries and purchase order listings.
- Assisting with the preparation of monthly, quarterly and annual sales invoices. Maintaining the 'Account Receivable' ledgers and liaising with customers and other departments as necessary.
- Preparation and submission of CIS returns and supplier statements. Maintenance of the CIS contractor list including periodic reviews and verification of CIS status.
- Preparation of VAT returns including 'domestic reverse charges' as and when applicable.
Statutory & Management Reporting
- Monthly/Quarterly management account reporting for the relevant business entities to the Finance Manager and in turn to our Hong Kong investors.
- Improving management reporting for individual businesses within the group for different stakeholders
- Providing quarter-end variance analysis between actual and forecast.
- Take ownership of entity level Trial Balances ensure appropriate and accurate reconciliations for all nominal ledgers.
- Assist with the year end audit, liaising with the auditors as required.
- Assist with the provision of information to the groups tax advisers in preparation of figures for statutory accounts and tax returns.
- Preparation and submission of quarterly group VAT return. Review the application of the 'domestic reverse charge' if applicable.
- Calculating necessary CIS deductions, preparing supplier deduction statements, and assisting with submission of the monthly CIS returns.
General Ledger
- Monthly reconciliation of virtually all nominal ledger balances for a number of entities.
- Work with the Finance Team to manage the 'Accounts Payable' and 'Accounts Receivable' ledgers. Query and clear old invoices in the system by liaising with other departments, customers and suppliers.
- Review and maintain the outstanding 'Purchase Order' list to ensure relevant POs are closed on time.
- Maintenance of numerous fixed asset registers.
- Journal posting: WIP adjustments, VAT journals, monthly payroll journals and cash journals etc as required.
- Monthly import of transactions from other systems used by specialist areas of the business
- Elimination of intra-group transactions and other consolidation adjustments quarterly
- Recommending and implementing improvements to current systems and processes
Banking & payments
- Assisting with financial control over group payments, ensuring all payments are documented and signed off in line with internal controls.
- Review BACS/CHAPS payments prepared by Finance Assistant and processing CHAPS/BACS payments through Barclays for twice-monthly pay runs and regular ad- hoc payments.
- Updating the loan stock register for both group and 3rd party loans and managing interest payments to 3rd party lenders.
Budgetary Control
- Assist with the annual overhead and office budgets setting process. Review these costs on a monthly / quarterly basis with analysis and commentary of actual costs versus budget.
- Actively build and maintain strong relationships with non-finance colleagues to provide regular, meaningful analysis of spend to date against budgets.
Company Secretarial duties
- Assisting with Company Secretarial duties, including setting up and closing companies, yearly confirmation statements and filing accounts.
Benefits
- Competitive salary up to £60k DOE.
- Discretionary bonus scheme
- 8% pension contribution
- Study support to be agree post probation period
- Tickets for major London stadium and event space
- Local area discounts
- Free Thursday drinks in the office