Financial Accountant

FryerMiles; Greater London; Hybrid; GBP 50,000 - 55,000; Full time

Job summary

A leading company in the oil and gas sector is seeking a Financial Accountant for a 16-month fixed-term contract based in London. The role involves managing financial reporting, accounts payable, and budgeting processes, offering exposure to various financial tasks in a dynamic environment. Ideal candidates will have ACCA qualifications or be studying towards them, with experience in the oil and gas industry being advantageous.

Qualifications

• ACCA qualified or in progress.
• Desirable Finance or Accounting Degree.
• Experience in upstream oil and gas is a plus.

Responsibilities

• Prepare and send weekly treasury reports.
• Manage accounts payable functions.
• Assist with audit queries and VAT returns.

Skills

Banking and Treasury Management

Financial Reporting

Budgeting and Forecasting

Taxation

Accounts Payable Management

Education

ACCA or studying towards

Finance or Accounting Degree

Tools

SUN ERP

Job description

Direct message the job poster from FryerMiles

Founder & Director - [e-mail] - 07584074789

Financial Accountant – 16 month Fixed Term Contract - £50,000 - £55,000 per year + Benefits – London (Hybrid) 2 days in the office

FryerMiles are delighted to be working with a global petroleum company to assist with their recruitment of a Financial Accountant to join their team on a 16 month fixed term contract based from their Central London offices.

The successful candidates will be responsible for a wide range of duties and gain exposure to a variety of issues and tasks, including extensive interaction with the wider business. This role suits a driven and hardworking individual who would enjoy working in a fast paced growth environment and is ready to provide their expertise and support for the growing demands and pressures on the Finance function.

Responsibilities include but not limited to:

Banking and Treasury

• Prepare and send a weekly treasury report to senior management, including a cash position waterfall with detailed analysis of weekly movements
• Management of deposit accounts to increase interest profit
• Manage interest rate and foreign exchange risk

Monthly Financial Close

• Manage day-to-day functioning of accounts payable in London, covering two entities
• Maintain group weekly spend and Accounts Payable report and graph
• Ensure FX rates in the accounting system are entered timely and up-to-date

Budgeting and Forecasting

• Assist with the analysis of monthly direct costs review (budget vs actuals) and weekly cash flows as required
• Update budget vs actuals forecasts (monthly) and send out to HoD for review
• Arrange and manage quarterly meetings with HoD to discuss month end accruals as well as past and future spend
• Assist with preparation of G&A budgets and reforecasts as and when required

External Reporting

• Assist with audit queries during half year, year end, JV audit etc

Taxation

• Prepare and submit quarterly VAT returns
• PSA calculations and submission
• P11D calculations and submission

Other

• Ensure accounts payable practices are consistent across the geographical locations
• Identify and lead change to improve existing processes and controls
• First point of contact with AP general related queries and resolving issues (both externally and internally)

Qualifications and Experience:

• ACCA or studying towards
• Finance or Accounting Degree is desirable
• Upstream oil and gas operating company experience is desirable
• Previous experience of managing accounts payable processes
• Experience of using SUN ERP would be advantageous
• Experience of deposits and cash management/planning
• Experience in dealing with banks, opening new bank accounts

Financial Accountant – 16 month Fixed Term Contract - £50,000 - £55,000 per year + Benefits – London (Hybrid) 2 days in the office

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Accounting/Auditing

• Industries

  Oil and Gas

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