Finance Business Partner
Full Time
Job Description
- Responsibility for ORACLE financial accounting system and ensuring that the data transfer from the reservations system (Derwent) to Oracle is complete, following up on all exceptions to ensure accuracy and ensure balances are correct in the accounts.
- Oversee process of refunds by Central Refunds Team.
- Manage the company debtors by continuously analyzing, identifying and covering credit risk so that revenue is maximized without jeopardizing the company receivables.
- Ensure timely follow up and recovery of all debts including under collection debts so that all dues are recovered within the credit period allowed by the company.
- Review and investigate overdue data working in close partnership with the Sales and Revenue Departments and prepare write offs for approval and ensure to clear within the timeframe.
- Ensure Cash Management is executed efficiently, bank statements are reconciled daily and unknown debits/credits are kept to a minimum.
- Ensure invoices are issued timely and receipts are processed and allocated accurately to customer accounts.
- Monitor cash on hand balance and ensure this is reconciled at all times.
- Review bank reconciliations daily and account for transactions in AR/ GL module as appropriate daily.
- Preparation of various balance sheet reconciliations relating to revenue and AR.
- Reconcile credit card party accounts and highlight short settlements immediately to line manager.
- Provide statistical & productivity analysis as may be required by Finance Manager from time to time and organize and perform required accounting routines especially during month/year end.
- To help in month end accounts preparation including posting of month end journals and reconciliations.
- Reconcile PAYE, NIC and pension on a monthly basis and send payments to appropriate parties.
- Ensure that all Inland Revenue year end returns are submitted on a timely basis.
- Where external payroll providers are appointed, liaise with them to ensure timely submission.
- Process staff loans and advances; ensure recovery of same through payroll; and reconcile the related ledger account.
- Reconcile the pension account and assist with various pension queries.
- Ensure leave is recorded and reflected appropriately for payroll.
- Ensure integrity of information at all times.
- Be familiar with changes in local legislation and how they may impact operations.
- Provide leadership to the Finance team through proactive interaction, regular meetings, setting of objectives, and appropriate performance reviews and feedback that improve overall Finance performance.
- Liaise with group legal department on Secretarial functions of the company.
- Develop finance awareness amongst the non-finance business units through regular meetings so that the Line Managers take financially sound and cost effective decisions.
- Act as Finance Business Advisor to General Manager and other department heads by ensuring appropriate financial input is provided for key decisions.
- Review financial transactions to ensure that local laws and regulations are complied with and legal and contractual liabilities are discharged in full.
- Provide training to new finance team members where necessary to ensure they are productive and have the necessary tools/information to conduct their jobs.
- Assist the department in other related work as and when necessary.
Required Knowledge, Skills, and Abilities
- Graduate (recognized professional accounting qualification to the standard of Chartered Accountant, CPA or similar preferred)
- Extensive professional experience, with hands on experience of managing a Finance function/team. -
- Advanced accounting knowledge and skills with advanced analytical ability.
- Able to demonstrate ability in coaching, motivating and developing staff.
- Used to working in a large multinational and dealing with stakeholders in different countries.
- Ability to function independently within an established framework and be practical and innovative.
- Proven ability to organize a busy work schedule and meet deadlines.
- Knowledge of taxation, statutory and compliance requirements.
- Comprehensive knowledge of Tour Operator accounting procedures and familiarity with CAA/ABTA/ATOL regulations would be advantageous.
- Advanced proficiency in MS Office packages and ERP systems.
- Fluent in written and spoken English.
- Other European and/or Scandinavian languages advantageous.
Reference no: 98615