This vacancy is now closed

Management Accountant - Berkshire

£30,000 - £35,000 - Finance
Ref: 216 Date Posted: Wednesday 13 Mar 2019
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Job Title                                     Financial/Management Accountant
Location                                     Wokingham,Berkshire
Reports to                                  Finance Controller
Main Purpose of Job 
To support and manage all aspects of specified contracts, manage staff, and ensure effective operation of the finance
Key Tasks 
  • To maintain Sales & Purchase ledger on Sage Accounts for specified clients and companies
  • To manage company cash flow and debt collection process
  • To manage internal invoicing system for variable & fixed charges and producing backup documents for client charges
  • To maintain System and client invoicing accuracy including aged PORs and invoice query resolution
  • To support the allocated account director and account manager with all financial aspects of the relevant contracts
  • To build relationships and work closely with operations and mobilisation teams
  • To produce savings and JEM reports
  • To improve contract gross margin and meet expected budgets
  • To ensure all contract profitability is achieved within 3 months of going live
  • To produce month end management accounts on time
  • To ensure WIP balances are invoiced to clients each month
  • To ensure accrued income balances are invoiced to clients each month
  • To maintain and manage accrual and prepayment balances monthly
  • To maintain accrual balances and identifying areas where no costs are being incurred and analysis on unnecessary accruals
  • To maintain variable works accuracy and ensure completed works are invoiced and not greater than 3 months old
  • To ensure variable labour and expenses for direct staff is charged to clients each month
  • To carry out cost vs. budget trend analysis
  • To review and check quarterly VAT returns
  • To process payroll for specific contracts where applicable
  • To maintain accurate fixed asset registers
  • To produce monthly board reports
  • To manage finance team on a day to day basis allocating tasks as required
  • To carry out all necessary year end work and audit requirements to accounts sign off
  • To manage the relevant allocated accounts assistant
  • To maintain minimal invoice coding on Concur
  • To invoice for rebates to suppliers on the agreed frequency
  • To monitor and maintain finance processes such as Concur and Accounts mailbox
  • To review and confirm accuracy of company credit card
Key Performance Indicators 
Contract Management
• Full ownership and management of all financial aspects of specified contracts
• Achieve/Exceed budgeted gross margin
• Ensure all invoices to be issued accurately by 5th working day to all clients each month 
• Develop and build relations with all clients and internal operations teams
Management Accounts
• Ensure all management accounts to be completed by 15th of each month including balance sheet reconciliations 
• Ensure all WIP to be invoiced to clients by the following month
Accrued Income (Unbilled Receivables)
• Ensure all accrued income to be invoiced to clients by the following month 
• Ensure maximum overdue debt to be no more than 10% of total debt at any time 
• Ensure no PORs greater 3 months to be left open on CIMS unless specifically required
• Ensure full ACCA qualification within the next 2 years
• Ensure all prepayments are reversed monthly
• Ensure all accruals are accurate and analysis completed monthly