Assistant Accountant- Yacht Management

Praxis Group; City Of London; Hybrid; GBP 30,000 - 50,000; Full time

Job summary

A leading private wealth service provider in London is seeking a Yacht Accountant to manage yacht expenses and ensure timely payments to suppliers. You will handle accounting tasks and be the point of contact for clients when needed. The ideal candidate will have bookkeeping experience and a passion for excellence. This role offers hybrid working with occasional travel requirements.

Qualifications

• Bookkeeping experience required.
• Yachting experience is a bonus but not necessary.

Responsibilities

• Post all yacht expenses timely and accurately.
• Ensure payments to suppliers are made on time.
• Reconcile bank statements daily.

Skills

Proficiency in Microsoft Office

Good communication skills

Attention to detail

Ability to work under tight deadlines

Client-focused approach

Education

Desired AAT qualification

Job description

Overview

Praxis is an independent, leading provider of bespoke private wealth, corporate administration and yacht services to companies, individuals and families across the world.

Our expertise and experience is driven by recruiting and retaining the brightest and best, and creating a culture that allows people to thrive. Our independence encourages an open culture where every voice is valued. We care about creating an environment that hears, supports and shares openly with all our people.

Teamwork and collaboration are at the heart of our approach, and we nurture an environment of openness and respect where everyone feels valued.

Be heard. Be part of the Praxis Group.

Our Yacht Services team works with clients, captains and crew, providing an efficient, informed and personal service. We provide a fast-paced, rewarding environment and opportunities to work with a variety of global clients formulating and delivering the most appropriate, long-term solutions for owners of both private and commercial yachts.

Job summary

To post all yacht expenses timely and accurately, ensuring payments to suppliers are made ontime. Making sure bank statements are reconciled daily to ensure we know exactly how much of client funds we have at any point. To provide cover and deputise for the Yacht Accountant & Yacht Payment team members as required, deputise being the point of contact for Owner’s Reps, Captain and anyone else related to our clients/yachts.

Job accountabilities

All aspects of yacht/client accounting and yacht management administration including:

• Posting purchase invoices
• Setting up new vendors, incl. vendor call backs to verify details
• Checking expenses vs budget
• Card and Cash Reconciliation and Reporting
• Conducting ‘red flag’ checks and escalating as required
• Payments of purchase invoices and recording in the system
• Daily, Weekly and Monthly Bank Statement Reconciliations
• Clearing of suspense accounts
• Running Month End Reporting for the yachts under management, for review by the Yacht Accountant
• Sanction checking, using WorldCheck software
• Escalating issues to the wider team specialists or management where additional support required
• Being the point of contact for clients/yachts when Yacht Accountant is not available
• Other such duties as may be reasonably be expected in support of the Yacht Accountant Management Team

Other considerations

• Hybrid working, with a minimum 3 days per week based in the office in London
• Travel to the Southampton, Malta and Guernsey offices as required.
• Meeting with Clients/Captains on occasion and attendance at Boat Shows as required

Minimum education and experience

• Desired AAT qualification
• Bookkeeping experience
• Yachting experience is a bonus but not necessary

Required skills

• Proficiency in Microsoft Office (SharePoint, Outlook, Excel, Word, PowerPoint etc)
• Good communication skills, written and face-to-face when dealing with Captains and clients, particularly keen for someone who would prefer to call someone rather than email
• Comfortable in a fast-moving work environment with tight deadlines and diverse tasks
• Attention to detail and accuracy
• To uphold the reputation of the Praxis Yachts Group for always delivering the highest level of service
• To be solutions driven, acting at all times in the best interest of the client and with integrity and discretion
• Have an on-board experience on a yacht, with exposure to expense management is a bonus but not necessary

Commitment to diversity

We want you to bring your full self to work and maximise your potential. Praxis is a place where everyone can thrive, whatever their gender, ethnicity, disability, sexual orientation, and socio-economic background.

Applying with a disability

We are committed to ensuring a great experience for colleagues with a disability. Once you get to the selection stage, please let us know about any adjustments that you may require.

Additional information

In addition, all our team members are expected to be committed to our core values:

• We inspire
• We listen
• We trust
• We succeed together