Management Accountant

Role Overview

The main responsibility in the role of Management Accountant is for the preparation of monthly management accounts and the group reporting pack. They will also be responsible for the provision of proactive accounting support to the operational and commercial teams, general cost control/management for the entire business; and responsibility for the integrity of the balance sheet. They will prepare monthly profit and cash forecasts and annual budgets.

The role will involve working closely with the CEO and will provide additional financial support to the operational and commercial teams.

General Duties & Responsibilities

• To maintain the highest standards of accounting integrity, ensuring that monthly management accounts comply with UK GAAP accounting standards and group accounting policies

• To manage the preparation of monthly management accounts, short-term forecasts and budgets in line with group reporting requirements and group reporting deadlines

• To prepare financial analysis and commentary for inclusion in the monthly management report, including collation and review of other report sections.

• To regularly review and periodically update standard product costs.

• To be responsible for setting standard costs of new products, in conjunction with the engineering department.

• To obtain, interpret and analyse data and take a proactive role in helping the senior leadership team understand financial information

• To analyse and understand key trends for orders, sales, profit and cash, highlighting key issues and variances from budget and/or forecast for the senior leadership team. To prepare ‘bridges’/analysis highlighting key movements between actual and budget/forecast

• To manage project data appropriately within the business system to ensure data integrity is maintained and financial results are prepared in line with UK GAAP and group policies

• To identify improvement initiatives within the business to improve profitability and cash flow focussing on aged debtors, cash collections and general cost control

• To have full responsibility for balance sheet reconciliations

• To have responsibility for year-end processes including ensuring year end stock counts are carried out appropriately and that inventory is valued appropriately on the balance sheet. To liaise with the external auditors and tax advisors and to provide disclosure packs and tax analysis

• To submit and have responsibility for other monthly group reporting requirements including UK monthly VAT submissions

• To prepare financial data required for the Group insurance renewal – annual renewal

• To provide assistance to the in-house team with regard to the implementation of the new ERP system (IFS) and take responsibility for the financial aspects of the new ERP system

• To carry out any other duties not listed above as may reasonably be expected including but not limited to, ad hoc project work, review of slow moving stocks, general cost analysis to help drive continuous financial improvement, financial modelling scenarios

• To ensure that you work in a safe manner and comply with the company’s Health, Safety and Environmental Policy

• To carry out any other duties not listed above as may reasonably be expected

Person Specification

Knowledge, Experience & Skills

• Will have a minimum of 5 years’ relevant experience, preferably in an operational environment
• Must have strong technical accounting knowledge, practical experience of standard costing is preferred
• Must have an analytical approach with a strong attention to detail
• Will have the ability to identify and articulate trends or issues, and evaluate solutions.
• Will have a positive ‘can do’ attitude

Qualifications

• Qualified or part qualified accountant with +5 years relevant experience