Assistant Financial Accountant

An exciting opportunity for an ACCA or CIMA part qualified has arisen within a PE backed, multi site business based in London. This is a development role and as such we seek an individual with a minimum of 18 months financial accounting experience, who is keen to develop their knowledge and skill base further. A full study support package will be granted to the successful candidate.

Reporting to the Head of Financial Reporting the Assistant Financial Accountant will be responsible for all aspects of fixed asset processing, monitoring and reporting. Monthly reconciliation of inter-company balances and preparation of information for the monthly liquidity report. Preparation of year end dilapidations provision calculation.

KEY RESPONSIBILITIES:

Capital expenditure processing

Perform the month end Fixed asset addition, accrual, disposal and depreciation processes and Fixed Asset close.

Issue project codes to the business. Monitor all ongoing projects ensuring spend is within approved budgets, and ensure approval procedures are followed.

Maintain Property schedule with associated transactions.

Manage the Capex recharge account, ensuring any discrepancies are resolved and all costs are recovered

Capital expenditure reporting

Preparation of capex board pack report.

Liquidity reporting

Responsibility for preparing the weekly bank receipts and payments report for use in the monthly liquidity report

Other monthly tasks

Monthly reconciliation of intercompany balances and resolution of differences

Reconcile general ledger accounts for Fixed Assets, Finance Leases, Provisions, Recharges and Capex Accruals on a monthly basis

Tax reporting

Provision of detailed information required by Tax Manager for VAT and Corporation tax purposes in relation to fixed asset and dilapidation expenditure.

Dilapidations

Review the annual dilapidations assessment and provision adjustments using discounted cash flow techniques

Budgets and Forecast

Preparation of capex and dilapidation payment forecasts, on a quarterly basis.

Obtain information for the annual capex budget process, including details of any proposed internal staff capitalisations.

Other external reporting

Assistance with annual statutory audit, taking full responsibility for Group Fixed Asset and Dilapidations schedules

Acquire knowledge of balance sheet, group structure and statutory accounting, to be able to fully assist the Corporate Accountant and Head of Financial Reporting with the annual statutory audit.

Payment runs

One of the core team acting as signatories for all payment runs

Assistance to other teams

When time permits, provide assistance to other teams within the Finance department

Projects and System development

Maintain Capital expenditure policies for the business ensuring consistency across the company

Ongoing review of systems and procedures, and maintenance of fixed asset procedure manuals with a review to reducing reporting timescales and improving efficiencies.

Ability to provide capital expenditure advice to project teams, as required.

PERSON SPECIFICATION

Qualifications/technical skills

Part qualified ACCA, ACA or CIMA.

Strong academic background.

Excel – advanced highly desirable (pivot tables & look ups).

Good knowledge and understanding of accounting standards / processes, particularly in relation to fixed assets.