Management Accountant

Motor Insurers' Bureau (MIB); Milton Keynes; Hybrid; GBP 36,000 - 48,000; Full time

Benefits offered by this job

Contributory Group Stakeholder Pension

Life Assurance

Employee Incentive Scheme

25 days holiday

Holiday purchase scheme

Sports and Social Club

24/7 Employee Assistance Programme

Mental health resources

Maternity/paternity leave

Volunteer day + matched funding

Job summary

Motor Insurers' Bureau (MIB) seeks a Management Accountant in Milton Keynes to prepare monthly management accounts, support budgeting and forecasting, and maintain robust balance sheet controls. You will assist year-end audits, ensure accurate financial records, and contribute to process improvements.

The role offers hybrid working (2 days in the office), 35 hours per week, 9am–5pm, with a salary around £42,000 and a benefits package including pension, life assurance, and holiday entitlements.

Qualifications

• Qualified or qualified by experience accountant, ideally CIMA, ACCA, ACA or equivalent.
• Experience in management accounting, including month-end reporting, reconciliations, budgeting, forecasting and variance analysis.
• Excellent excel and data analysis skills, with confidence handling large volumes of financial data.
• Strong attention to detail, with the ability to produce accurate work to tight deadlines.
• Strong knowledge of UKGAAP and IFRS accounting principles and good financial control practice.

Responsibilities

• Prepare monthly management accounts, including profit and loss, balance sheet, cash flow reporting, and supporting commentary.
• Post and review month-end journals, including accruals, prepayments, depreciation, payroll journals, and other adjustments as appropriate.
• Complete and maintain balance sheet reconciliations, ensuring all key accounts are supported by appropriate documentation.
• Support preparation of annual budgets, quarterly forecasts, and longer-term financial plans.
• Monitor costs, income, and key financial performance indicators, recommending actions where appropriate.
• Support improvements to financial processes, controls, reporting templates, and system use.
• Support the production of year-end accounts and related financial information, ensuring completeness, accuracy, and consistency with underlying records.
• Maintain organised audit files and ensure all documentation is clear, traceable, and audit ready.

Skills

Management accounting

Month-end reporting

Budgeting & forecasting

Variance analysis

Excel & data analysis

Education

CIMA / ACCA / ACA

Tools

Excel

Job description

About MIB

At MIB our people are passionate about making roads safer by getting uninsured and hit-and-run drivers off our roads. Working in partnership with the Police, Insurers and Government our collective aim is to make it a thing of the past but, until that’s accomplished, we’re here to compensate victims quickly, fairly and compassionately.

Last year we helped more than 34,000 people struck by uninsured and hit-and-run drivers and paid over £400 million in compensation to support victims rebuild their lives.

About the role

• The role will be responsible for preparing accurate and timely management information, supporting budgeting and forecasting activity, maintaining robust balance sheet controls, and providing financial analysis to support decision-making across the organisation.
• The role will also play a key part in the year-end audit process, preparing audit schedules, responding to auditor queries, and ensuring financial records are complete, accurate, and well evidenced.

Key responsibilities

• Prepare monthly management accounts, including profit and loss, balance sheet, cash flow reporting, and supporting commentary.
• Post and review month-end journals, including accruals, prepayments, depreciation, payroll journals, and other adjustments as appropriate.
• Complete and maintain balance sheet reconciliations, ensuring all key accounts are supported by appropriate documentation.
• Support preparation of annual budgets, quarterly forecasts, and longer-term financial plans.
• Monitor costs, income, and key financial performance indicators, recommending actions where appropriate.
• Support improvements to financial processes, controls, reporting templates, and system use.
• Support the production of year-end accounts and related financial information, ensuring completeness, accuracy, and consistency with underlying records.
• Maintain organised audit files and ensure all documentation is clear, traceable, and audit ready.

Skills and Experience

• Qualified or qualified by experience accountant, ideally CIMA, ACCA, ACA or equivalent.
• Experience in management accounting, including month-end reporting, reconciliations, budgeting, forecasting and variance analysis.
• Excellent excel and data analysis skills, with confidence handling large volumes of financial data.
• Strong attention to detail, with the ability to produce accurate work to tight deadlines.
• Strong knowledge of UKGAAP and IFRS accounting principles and good financial control practice.

Job Title: Management Accountant

Salary: £42,000

Level: 2

Working Hours: 35

Working Pattern: 9am - 5pm, Monday - Friday

Office Location: Milton Keynes

Job Type: Permanent

IT kit supplied to you

£320 (before tax) start up allowance

Hybrid working (2 days in the office per week)

Other Benefits include:

• Contributory Group Stakeholder Personal pension scheme
• Life Assurance
• Employee Incentive Scheme
• 25 days holiday (plus bank holidays)
• Holiday purchase scheme
• Sports and Social Club
• 24/7 Employee Assistance Programme
• Free access to online tools to support mental and physical health
• Enhanced maternity, paternity and adoption leave
• 1 volunteer day each year and charity matched funding scheme

We believe in a workplace where everyone can be themselves. Through our different ideas, personalities and experiences, we redefine what is possible every day. And regardless of your colour, age, race, gender, sexual orientation or anything else you consider yourself to be, there is a place for you at MIB. A place where you can bring your best self to work every day.

So, if you think big, love a challenge and want to make a difference to people’s lives, we want to hear from you.

*We aim to keep this advert open until the closing date, but on occasion we may close it early if application numbers are high*