Financial Accountant

To support the Head of Finance in the production of key statutory accounting reports for all subsidiary/business units for the Group

Client Details

Leading College in Manchester is expanding and looking for an ambitious financial accountant to join the team.

Description

Key Responsibilities will include:

• Modelling of subsidiary/business unit balance sheets and cashflows to deliver an overall Group wide acceptable current ratio and financial health grade including the group cashflow.

• To review and comment upon subsidiary/business unit cash positions on a monthly basis, provide comments/advice to maximise future cash balances and prepare forward looking 2 year rolling cash flows.

• Prepare all data and updates for the monthly accounting packs

• Responds to financial inquiries by gathering, analysing, summarising, and interpreting data.

• Prepare management accounts packs for loan covenant reporting to meet monthly, quarterly and yearly compliance to facility agreements, as well as ensuring interest payments are made on time.

• Prepare payment schedules for each payment in respect of interest on loans and ensure payment is made in accordance with terms to ensure there is no covenant breach

• Prepare monthly financial grading reports for review by the Group Finance Director

• Production of weekly liquidity reports

• Produce, as required, any ad-hoc reports required by the Head of Finance and Group Finance Director.

• To liaise with external stakeholders e.g. auditors and banks.

Tax

• Production of tax returns for Group and its subsidiary companies

• Collation of all income and costs data to identify tax liability (using the finance systems)

• Ensure all data is uploaded submitted through the IXBRL software and reconciled before submission to HMRC

VAT

• Production and submission of quarterly and annual VAT returns

• Advise on VAT treatment for new codes and new activity

• Produce monthly reports from the finance system for checking VAT treatment and correct classification prior to purchase ledger close

• Prepare monthly journals (eg to correct any VAT errors and accrue for any recovery/cost)

• Evaluation of capital goods schemes and prepare associated annual journals

• Liaise with external VAT advisors on complex issues

Profile

Qualifications:

• Proven practical experience of VAT and Tax computations and returns

• Level 2 English and Maths

Previous Experience

• Significant financial reporting experience in a similar size organisation.

• Understanding of Financial Reporting Standards and their application and capable of demonstrating up to date technical financial reporting knowledge.

• Experience of managing a team.

Job Specific Skills:

• Experience of owning and producing statutory financial statements

• Good literacy and numeracy skills

• Demonstrated competence in Microsoft office (word/excel)

• Ability to work to strict deadlines, to use own initiative and also to work as part of a team.

• Ability to manage multiple tasks simultaneously by planning, prioritising and scheduling tasks to accommodate ad hoc requests alongside routine daily activities.

• Strong management and communication skills both within finance as well as across internal and external stakeholders

• Good knowledge of accounting practices, statutory regulations and reporting requirements including the ability to provide technical support and advice to management

• Ability to foster a culture of teamwork and able to work with colleagues across the organisation

• Trustworthy with the ability to deal with confidential information

Job Offer

£36,000-£45,000 with a generous benefits package