Management Accountant

Petrasco Inc; Glasgow; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Management Accountant to enhance their finance function. This role offers the chance to work with international teams and gain exposure to project accounting and business forecasting. You will oversee financial reporting, coach finance staff, and engage in exciting system changes planned through 2025. Ideal for a qualified accountant looking for a well-rounded role with opportunities for ownership and process improvement. Join a dynamic environment where your contributions will shape the future of finance in the energy sector.

Qualifications

• Qualified accountant with at least 2 years post qualified experience.
• Sound technical skills, specifically with IFRS and tax (UK).
• Good understanding of ERP and reporting systems.

Responsibilities

• Oversee and coach finance teams to ensure accurate transaction recording.
• Produce timely and meaningful management accounts.
• Support currency and working capital management.

Skills

Management Accounting

IFRS Knowledge

Excel Skills

Project Accounting

Communication Skills

Process Improvement

Education

Qualified Accountant

Tools

Navision

Business Central

Jet Reports

Job description

The Relay Engineering group provides a range of engineering services to clients in the energy, industrial and defense industries.

From bases in the UAE, Bahrain and Saudi Arabia, Relay Middle East provides Electrical & Inspection, Outfitting, Non-Destructive Testing, Heat Treatment and Rope Access services to ship and oil-rig owners and operators.

Relay are recruiting for a Management Accountant to work alongside local finance teams in delivering a first-class finance function to provide quality reporting and business partnering to local management and the wider Relay and Denholm Energy group

Reporting to the Relay Finance Director (FD), the management accountant role is a critical and wide-ranging role covering monthly management accounts, project accounting and cashflow and business forecasting. There is also exciting business, system and process change planned through 2025 that the MA will be expected to support along with the day-to-day tasks.

The role would suit a technically sound qualified accountant who is looking for a well-rounded role in industry that will give exposure to international business, project accounting and has the scope for a high level of ownership under the supervision and guidance of the FD.

The role is based at the Denholm Energy Group head office in the West End of Glasgow and will be predominantly office based. Some occasional travel to the Middle East will be required.

Role responsibilities:

• Day to day oversight & coaching of senior finance assistant and in country finance teams to ensure that transactions are recorded timeously and accurately through all ledgers and month end and year end schedules and working papers are prepared to a high standard
• Monthly review and challenge of projects with business units including valuation of work in progress based on percentage completion
• Production of on time, accurate and meaningful management accounts to group deadlines
• Co-ordinate credit control efforts by local staff, ensuring that proper escalation steps are followed
• Bi-weekly cashflow forecasts
• Support currency and working capital management with wider group
• Work with FD and business leads to produce quarterly forecasts and annual budgets
• Leading the delivery of the group and local financial statement audits for ME entities annually
• Liase with local advisors to oversee compliance with and changes to local tax matters (VAT, Corporation Tax, Withholding Tax, Transfer Pricing)
• Liase closely with business along with FD to understand and advise on implications of business plans on cash, tax and profitability
• Support ad hoc projects including system changes, process improvements, M&A or investment appraisal

Candidate Requirements

• Qualified accountant with at least 2 years post qualified experience
• Management accounting experience
• Sound technical skills, specifically with IFRS and tax (UK)
• Experience of supervision/coaching others (formal line management experience a plus)
• Good understanding of ERP and reporting systems
• Good understanding of project accounting and revenue recognition under IFRS 15
• Excellent excel skills including using 3-way financial models
• Able to quickly understand existing business processes
• Able to take ownership of and deliver tasks to completion with minimum supervision
• Track record of process improvement
• Excellent communication skills that can be tailored across all levels in a business

Desired

• Experience working in SME in similar industry (engineering/energy/manufacturing)
• Experience with Navision/Business Central/Jet Reports
• Experience with project accounting
• Experience working in or with the Middle East
• Experience building complex financial models

If you believe you have what it takes to join our team, please submit you CV along with your salary expectations.