Job Description

Our client is a bespoke principal lender in the property finance sector who make their own decisions with their own money. Their usual lending is for:

• The purchase or refinance of residential, semi-commercial and commercial properties
• Properties in need of heavy refurbishment (finance available in stages if required)
• The purchase of auction properties
• Projects that require funding in stages
• The completion of development projects
• The conversion of commercial properties into residential
• Time critical transactions (property, business funding, tax liabilities etc.)
• Secured business funding (business investment, cashflow, growth funding etc.)

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

Required Knowledge, Skills, and Abilities