Financial Accountant

Badenoch & Clark are currently working with an excellent business based in Cambridge who are looking for a Financial Accountant to join the team. Working in a cross functional team, the Financial Accountant will ensure accurate reporting of information and produce management reports for their areas of responsibility. This role will report directly to the Reporting & Compliance Manager and support them in all aspects as required. This is a key supportive role within the Finance team and is central to the provision of management information driving business decisions. Information needs to be completed to tight deadlines.
To assist in the accurate accounting of:
*tangible fixed assets
*intangible fixed assets
*inventory and stock provisions
*inter Co stock and related transactions
*revenue and deferred revenue including Gross Margin
*project accounting
*R&D capitalisation
*warranty provisions
*overseas statutory reporting
Main duties:
Management reporting - assist in preparation of monthly management accounts pack, assisting in aspects of preparation of Revenue and Gross Margin analysis, stock and variance analysis/control, fixed/intangible assets and Balance Sheet reconciliations
Stock accounting - to provide effective management of the company's stock working closely with Operations to ensure targets are met and risks identified. To improve on process and systems and management information.
*preparation of calculations for the accurate accounting of stock to include maintenance of standard costs, accounting for price variance, stock accruals, work in progress, cost of sales creditors and stock provisions
*preparation of monthly stock reports for Board Report and Management Accounts with appropriate graphs and commentary
*produce monthly stock management reports and liaise with Operations Director to provide them with support and information to run their business area and ensure that major variances and trends are analysed and reported
*maintenance and reconciliation of the Sales and Marketing Reporting tool with regard to stock and cost of sales
*account for Inter Co stock and transactions
Fixed asset accounting - maintaining fixed asset registers for all categories of fixed assets. Plant and Machinery, Tooling, Software, Buildings etc.
*maintenance and reconciliation of fixed asset schedules following posting of monthly depreciation charges
*dealing with Fixed Asset Tooling suspense accounts and capitalising Tools when projects are complete. Review with tooling manager over the useful life of capitalised tooling
*maintaining the Fixed Asset registers and updating for additions
*Monthly Balance Sheet recs
*updating lease schedules re IFRS 16 and dilapidations of buildings
*quarterly physical fixed asset verifications
*reconcile and maintain schedules for Fixed Assets under construction (Tooling and Test Equipment)
Intangible Asset Accounting - maintaining intangible asset registers for Software and R&D capitalisation
*maintenance and reconciliation of asset schedules following posting of monthly depreciation charges
*calculating monthly R&D Capitalisation and amortisation
*understanding all R&D projects, lifecycles and impairment issues
*maintaining the asset registers and updating for additions
*Monthly Balance Sheet recs
Warranty and Service Centre Reporting - to support the organisation in providing calculations and reports for the effective management of warranty provisioning and service centre reporting
*preparation and maintenance of monthly warranty provision together with the appropriate reconciliations
*understanding the warranty release schedules and agreeing these with the Repair Centre manager
*Bi annual review of warranty provision rates to ensure that they comply with accounting standards. Including updating field failure rates by product
*provide monthly reports for the Repair Centre Manager
*support the bid team for new Repair Centre proposals
Project accounting -
*developing the project accounting reporting for the Finance team
*liaise with the AX team to bring Project Accounting in-house
*attending monthly Project Meetings to understand milestones and project revenue recognition
*adjusting HQ monthly reporting for adjustments
Overseas Statutory Reporting -
*supplying overseas accountants with financial data and records
*checking overseas accounts agree to our accounting system
*ensuring accounts and audits are completed within official time scales
Other -
*work with the Reporting & Compliance Manager in the testing of the Microsoft AX accounting system updates
*support the external audit process for the above areas of responsibility
*ad-hoc projects as defined by the Reporting & Compliance Manager
*as part of a small team the jobholder will be required to cover other duties, as required
*completion of monthly reports for the Office for National Statistics
Responsibilities
Qualifications:
Essential:
*Graduate or good standard of higher education, CIMA, ACA or ACCA Newly Qualified/Part Qualified
Experience:
Essential:
*Proven experience of management reporting to agreed deadlines
Knowledge:
Essential:
*Knowledge of Standard cost accounting, project accounting and R&D Capitalisation under IFRS
Desirable:
*The jobholder should be proficient in the use of all MS Office software and have advanced Excel skills analysing large amounts of data
*Knowledge of Microsoft AX Dynamics would be an advantage


Badenoch + Clark acts as an employment agency for permanent recruitment and an employment business for the supply of temporary workers. Badenoch + Clark UK is an Equal Opportunities Employer.

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