Financial Accountant

Loungers Ltd; United Kingdom; Hybrid; GBP 35,000 - 45,000; Full time

Job summary

A UK hospitality group is seeking a Financial Accountant to oversee fixed asset reporting, assist with statutory accounting requirements, and support capital expenditure analysis. Ideal candidates will be newly qualified ACA/ACCA with strong technical knowledge and excellent analytical skills, capable of communicating complex concepts to stakeholders. The role offers a vibrant work culture with benefits including 28 days holiday and a bonus structure.

Benefits

28 days holiday

50% off food at all locations

Up to 10% bonus

Pension contribution

24/7 mental health support

Company events

Qualifications

• Exposure to hospitality or retail clients preferred.
• Ability to handle multiple tasks and queries.
• Proactive and logical problem-solving skills.
• Ability to explain complex concepts to non-financial stakeholders.

Responsibilities

• Oversee the fixed asset register and period end reporting.
• Assist with IFRS 16 calculations and statutory accounting requirements.
• Prepare analysis of capital expenditure against budget.
• Liaise with tax advisors and prepare government submissions.
• Support process improvements for stock and fixed assets.

Skills

Strong technical knowledge

Very good excel experience

Strong analytical skills

Good communication skills

Attention to detail

Education

First mover/ newly qualified ACA / ACCA

Job description

About us

Loungers is a substantial and growing operator in the UK hospitality sector, operating over 270+ sites in England and Wales across three distinct but complementary brands, Lounges, Cosy Club, and Brightside. Founded in 2002 by three friends who wanted to create a neighbourhood caf-bar that they would want to go to, the Group is now the only growing all-day operator of scale in the UK and has consistently outperformed the wider UK hospitality sector over the past three years. Despite being the fastest growing caf/restaurant group in the Country, Loungers has retained its entrepreneurial spirit and quirky 'Loungey' local community atmosphere.

The role in a nutshell

This is a Bristol based role, working from our central Bristol office 4 days a week and 1 day working from home.

The role will report into the Financial Controller and ensure that daily, weekly and periodic tasks for capital expenditure are completed in accordance with our internal deadlines. You will play a key role in our statutory reporting, including assisting the Financial Controller with liaising with the external auditors. You will be instrumental in helping with review and improvement of existing capex processes. The role will involve being a hands on member of the team, with the ability to work with other departments across the business.

Getting into the detail

As Financial Accountant, your main responsibilities will include:

• Responsible for the oversight of the fixed asset register and the related period end reporting - including asset creation, posting of depreciation and monthly balance sheet reconciliations.
• Assisting with IFRS 16 calculations for the Group and onerous lease provisions (under IAS 17 accounting for the UK entity) - including project work to support implement ation of a new lease accounting system
• Assisting the Financial Controller with statutory accounting requirements, including technical papers, liaising with auditors and preparation of the year end and half year accounts
• Responsible for preparing the period end report on capital expenditure - providing analysis of actual spend in the period to budget and identifying key areas of over/ underspend
• Assist the Financial Controller with reviewing existing fixed asset policies and suggesting improvements or changes required to meet the current needs of the business.
• Maintenance of project codes and cost centres for capital expenditure
• Liaise with external tax advisors on the preparation of capital allowances calculations for corporation tax
• Adhoc finance reporting on property related costs
• Preparing company submissions for government bodies/ ONS
• Weekly production of Labour hours reporting and timesheet data
• Assisting with process improvement for stock and fixed assets, including working with the Property Team exploring the possibility of a new stock management system for our fixed assets.
• Responsibility for small company subsidiary management accounts on a monthly and annual basis
• Adhoc support with tax queries

What you'll bring

• First mover/ newly qualified ACA / ACCA with strong technical knowledge, ideally with exposure to hospitality or retail clients (ex-audit preferred)
• Ability to take on multiple tasks and queries
• Very good excel experience and knowledge, and ability to manipulate large data sets and analyze these.
• Strong analytical skills with ability to communicate clearly to stakeholders
• Positive, proactive and logical approach to work and problem solving - happy to challenge the status quo.
• Excellent attention to detail and ability to maintain control and perform reconciliations to ensure accuracy.
• Willingness to take on challenges in a fast-moving environment Ability to work with a range of stakeholders across the business
• Good communication skills with the ability to explain complex financial concepts to non-finance stakeholders in a clear and concise manner

What's in it for you ?

• 28 days holiday (including bank holidays)
• A culture that appreciates ideas and celebrates individuality
• Founder-led business - we might have c300 sites, but we still maintain an entrepreneurial spirit through everything we do
• 50% off food at all Lounges, Cosy Clubs and Brightsides
• Up to 10% bonus
• Pension contribution
• 24/7 mental health support
• Amazing events including LoungeFest - our annual company festival - Christmas parties and more

We want to work with nice people so if you want to work hard, have fun and be part of the Loungers ride, we'd love to have you.