Job Description

About the Management Accountant role

They are looking for a competent and friendly management accountant with good experience to work alongside the Managing Director and Financial Controller in introducing new controls and systems within the finance department to address the existing and growing needs of the business. Smart, great initiative and comfortable working in a growing and fast paced environment are essential

The role will include supporting the director with the operational side of the business by producing statements, redemption statements and other ad hoc reports.

It is a really interesting and challenging role, no two days will be the same.

Responsibilities of their Management Accountant

• Day to day

o Process new loans and redemptions

o Add details to month end workings and process on sage

o Update loan book workings and redemption calc spreadsheet

o Update RB loan book and overdue schedules

o Produce redemption statement as requested

o Post bank statement and reconcile on sage, update excel bank rec and cash flow

o Ensure all new loans and redemptions/part payments are processed

o Post supplier invoices

o Credit control activities (see below)

• Monthly tasks

o Calculate and post monthly interest

o Update the loan book and monthly income schedule and reconcile to Sage

o Update bank loan schedule and reconcile to Sage

o Reconcile bank balance and ensure Sage agrees to bank statement

o Update Valuation fee spreadsheet and prepay invoices to be paid on redemption/accrue payments not yet invoiced

o Update payroll schedule and post monthly payroll into Sage

o Calculate and post accruals including:

• Calculate Bank interest and non-utilisation
• Commission
• Outstanding invoices

o Calculate and post prepayments

o Post any new fixed assets and monthly depreciation on to Sage and update asset schedule

o Review and check through the accounts to ensure everything has been posted and looks correct

o Reconcile Directors loan accounts and accrue any unpaid dividends

o Post dividends and update vouchers (April, Sep and Dec)

o Update and review month end report pack (P&L, balance sheet and reports)

• Annual / Other tasks

o Forecasts

o Calculate P11ds and submit info to HMRC (July )

o Year end audit

o One off tasks/ analysis as and when requested by the Managing Director eg customer repayment history, completions analysis

• Credit Control

o Developing and documenting procedures and policies to monitor and communicate any overdue payments from borrowers (loan redemptions and interest due) in liaison with the managing director and financial controller

o Monitor timely payments of loan interest

o Managing weekly emails and letters in order to ensure monthly interest are paid on time for all serviced loans while maintaining a high level of customer retention

o Communicate to lenders the process of redeeming their loan and the timescale involved

o Monitor loans where the term has been exceeded to ensure they are continuing to pay interest

o Liaising with clients as required by the Managing Director to rectify overdue payments

o Preparing redemption statements to support the financial controller

o Escalating any issues as they arise

o Ensuring files are kept up to date with latest correspondence

o Ad hoc tasks as and when required

Qualifications and Experience required

• Attention to detail
• Strong organisation skills
• Confidence to deal with a range of stakeholders
• Excellent written skills and the ability to quickly build professional working relationships
• Excellent communication skills
• Confident and proactive approach
• Experience using Excel and Word and Outlook
• Excellent time management skills and ability to prioritise an increasing workload

This role would suit a newly qualified accountant with a good background in monthly accounts process and who has had exposure to most areas of financial accounting processes and understands accruals/prepayments/ income recognition. With experience of dealing with auditors and has a good working knowledge of Sage and Excel.

Required Knowledge, Skills, and Abilities