Financial Accountant
- Recruiter
- Ian Leech Professional Recruitment
- Location
- Peterborough, Cambridgeshire
- Salary
- £45000-50000
- Posted
- 26 Apr 2019
- Closes
- 03 May 2019
- Ref
- IL/264P
- Job Title
- Financial Accountant
- Category
- Consumer products / FMCG
- Experience Levels
- Newly Qualified
- Contract Type
- Permanent
- Hours
- Full Time
Job Title: Financial Accountant/Treasury Manager
Job Purpose:Manage the Group’s cash resources. Develop and manage accurate ‘short term cash forecasts together with forecast/budget processes to support cash management for the Group. Provide management with accurate reports monitoring the daily cash position. Supervise the Team to ensure adequate controls are in place to minimise the risk of bad debts and fraud for the business.
Way of Working
The job holder will need to develop effective relationships across all group entities to ensure that cash management and budget/forecast processes are accurately prepared and properly understood. Information should be analysed and presented in both a timely and accurate manner. Proactive relationships with the Financial Accounting Manager and Group Management accountants are expected to improve communication, controls, systems and processes.
Key Responsibility and accountabilities
- Develop and maintain a Group wide 16 week rolling cash flow outlook on a daily basis, provide analysis on the movements between actual and forecast and recommend corrective action (‘revised’ daily but ‘updated’ monthly).
- Review budget and forecast data for the Group to ensure its reliability and accuracy to support the cash management.
- Develop cash forecasting aspects of the ‘Planning Model’.
- Report Group cash position on a daily basis to the key stakeholders, and analyse variances to outlook/forecast.
- Manage the Group’s banking across sterling and foreign currency bank accounts subject to co. policy and risk mitigation.
- In conjunction with the Chief Financial Officer, Group Financial Controller and Financial Accounting Manager ensure currency forward purchases are in place and that forex policy is adhered to.
- Manage the Group’s day to day relationship with banks.
- Manage the day to day relationship with credit card acquirer and gateway provider in conjunction with IT.
- Chair weekly Cash Review Meetings with the Chief Financial Officer, Group Financial Controller and Financial Accounting Manager.
- Validate all Group payment runs to ensure they are managed within the working capital/cash facilities of the Group and to the latest Short Term Cash Forecast.
- Review Group bank reconciliations for accuracy and ensure preparation in accordance with the month end timetable.
- Adhere to the company treasury policy and support the Financial Accounting Manager in ensuring that robust controls are in place.
- Supervise the daily work load of the Anti-Fraud team, including distributing tasks, monitoring volumes and preventing back logs.
- Develop policies and procedures for handling the fraud checks and authorising/obtaining authorisation for any temporary/permanent changes.
- To work with Customer Services regarding the processing and controls surrounding customer refunds.
- Review the processes to manage increasing volumes of activities and initiate IT improvement to gain efficiencies where possible.
- Ad hoc requests from the Financial Accounting Manager, Group Financial Controller and Chief Financial Officer.
Person Specification
- Newly/Recently Qualified accountant.
- Previous cash flow experience desirable.
- Ability to work in a fast-paced environment and to meet tight deadlines.
- Self-starter.
- Technical awareness and an ability to convey financial concepts to non-financial people.
- Experience of working in a complex business (legal structure and operationally).
- Strong work ethic.
- Able to command respect and display sound judgement.
- Advanced Excel skills.
- Attention to detail.
- Good communication skills.
- Ideally some management/supervisory experience.