Management Accountant

Oliver James; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A financial services company in London is seeking a finance professional to support cost management. You will manage budgets, prepare expense reports, and assist in maintaining general ledgers. Strong Excel skills and knowledge of UK and US GAAP are essential. The role requires attention to detail and the ability to work independently in a fast-paced environment.

Qualifications

• Able to plan, prioritise and organise work effectively.
• Good knowledge of general ledger systems.
• Willingness to learn, develop and take on responsibilities.

Responsibilities

• Manage the production of annual budgets and quarterly reforecasts of expenses.
• Prepare actual expense reporting across all LMD entities.
• Assist in the maintenance of general ledgers for all non-insurance entities.

Skills

Strong Excel skills

Attention to detail

Knowledge of UK and US GAAP

Analytical thinker

Tools

SAP

General ledger systems

Job description

Overview

Purpose of the role: To support the cost management function of the Finance department through the development and production of high quality expense reports. To manage the monitoring and reporting of expenses across all London Market Division (LMD) entities. To support the monthly, quarterly and annual preparation of management reports, statutory and regulatory reports and indirect tax returns.

Main areas of responsibility

Manage the production of annual budgets and quarterly reforecasts of expenses including:

• Collating departmental budget data
• Preparing and populating various budgets by entity and cost centre
• Preparation of allocation drivers
• Implementation of budget into the general ledger SAP
• Reconciliation and variance analysis of the budget against current year reforecast and prior year budget

Prepare actual expense reporting across all LMD entities:

• Prepare quarterly expense reports
• Provide commentary on variances of actual to budget & reforecast
• Expand the current expense reporting process to provide more valuable MI

Assist expense recording

• Review and approval of invoice entries prior to posting to General Ledger
• Review and approval of employee expenses prior to posting to General Ledger
• Assist on preparation of accruals and prepayment journal entries
• Review monthly expense allocations

Prepare indirect tax returns, including:

• UK VAT/GST Returns
• IPT Returns

Assist in the maintenance of general ledgers for all non-insurance entities, including:

• Assist team members with month end journal entries where required
• Assist in the reconciliation of general ledgers
• Assist in the review of general ledgers

Other:

• Carry out ad-hoc reporting and analysis on any non-insurance balances across LMD as required
• Prepare ONS returns
• Provide backup for direct payment preparation
• Liaise with external and internal auditors as required

Core attributes

• Able to plan, prioritise and organise work effectively
• Able to handle large quantities of data with strong Excel skills
• Good knowledge of UK and US GAAP
• Good knowledge of general ledger systems
• Understands process and can identify and fix process issues
• Has a strong attention to detail
• Produces consistent, clear and logical worksheets that can be understood and reviewed easily
• Willingness to learn, develop and take on responsibilities within the team
• Is highly self-motivated with the ability to work independently
• Analytical thinker who demonstrates sound judgement and decision-making
• Communicate effectively and confidently in both individual and group situations