Financial Accountant

Michael Page (UK); City Of London; On-site; GBP 48,000 - 52,000; Full time

Job summary

A leading university in London is seeking a Financial Accountant to manage financial operations, including bank reconciliations and VAT returns. This role offers a competitive salary of £48,000 to £52,000 annually, along with opportunities for professional growth within a not-for-profit environment that emphasizes social impact.

Benefits

A committed and supportive work environment

Professional growth and development opportunities

Central London location with excellent transport links

Qualifications

• Experience as a financial or management accountant.
• Comprehensive technical knowledge in a large organisation.

Responsibilities

• Oversee completion of monthly bank reconciliations.
• Manage the month-end process and checklist.
• Monitor bank accounts and investments as part of treasury management.

Skills

Experience in the education sector

Comprehensive understanding of financial controls

Technical knowledge of financial accounting

Understanding of taxation, particularly VAT and PAYE

Education

ACCA, ACA, or CIMA qualification

Tools

Unit 4 Business World

Job description

• Permanent financial accountant role in a fantastic University
• Brilliant team, exposure and development on offer

About Our Client

This organisation is a respected and established institution within the not-for-profit sector. With a workforce of over 2,000 passionate employees, the institution prides itself on its commitment to excellence, community engagement, and positive social impact.

Job Description

Financial Accounting

* Oversee completion of monthly bank reconciliations ensuring they are reconciled and reviewed within two weeks from the end of the month.

* Manage the month end process and the month end checklist ensuring all tasks are processed by the relevant teams before the close of the period and cut-offs and month end process requirements are properly communicated to all finance colleagues.

* Manage the opening and closing of periods in Business World ensuring all triggers are run and reconciled.

* Manage the balance sheet ensuring that all control accounts are reconciled within two weeks of the end of the period.

* Manage the daily monitoring of bank accounts and investments as an integral part of treasury management.

* Regular (daily, weekly and monthly) update of cash flow forecast and monitor actuals vs. forecast to maintain up-to-date cash flow forecasts for the University.

* Oversee the Payments function, comprising a Payments Manager and two Payments Assistants.

* Oversee the accurate and timely processing of all supplier invoices.

* Accurate and on-time completion of the quarterly VAT return promptly following the end of the quarter.

The Successful Applicant

A successful Financial Accountant should have:

• Experience in the education sector as a financial or management accountant
• Obtained the ACCA, ACA or CIMA qualification
• Comprehensive technical knowledge and experience of financial accounting, accounting systems and processes in a large organisation
• Comprehensive understanding of financial controls.
• Comprehensive understanding and experience of taxation, particularly VAT and PAYE.
• Unit 4 business world

What's on Offer

• A competitive salary in the range of £48,000 to £52,000 per annum.
• A committed and supportive work environment.
• The opportunity to contribute to a not-for-profit organisation with a strong social impact.
• Central London location with excellent transport links.
• A role that offers professional growth and development.

We encourage all suitable candidates to apply for this rewarding Financial Accountant role in London, where you can make a difference while advancing your career in the not-for-profit sector.