Assistant Management Accountant

ASSISTANT MANAGEMENT ACCOUNTANT

• Location: City of London
• Salary: £40-£45K
• Hybrid: 2 days a week in office / 3 days a week working from home
• Length of contract: 14/15 month Fixed term contract (maternity cover)

KEY RESPONSIBILITIES

Assist in the Preparation of Management Accounts:

• Support month-end and year-end close processes, including bank and credit card reconciliations, journal entries, accrued and deferred income, accruals, and prepayments and intercompany cross charges.
• Reconcile balance sheet accounts and investigate any discrepancies.
• Prepare regular accounts receivable and credit control reports for management review.
• Assist in preparing financial statements and reports for monthly and quarterly meetings.

Financial Analysis:

• Analyse financial data and performance metrics to identify trends and areas for improvement.
• Prepare variance analysis and explanations for budget vs actual results and prior year comparisons.
• Collaborate with department heads to gather relevant data and insights.

Budgeting and Forecasting:

• Assist with budget planning and forecasting activities, providing input and analysis to support informed decision-making.
• Monitor actuals vs budget and provide regular updates to Finance Director.
• Offer recommendations and insights to improve budget tracking processes, controls, and financial decision-making.

Accounts Receivable:

• Generate and send sales invoices to customers in a timely manner.
• Ensure all invoices are accurate and comply with company policies and complex contractual terms.
• Monitor and follow up on outstanding invoices to ensure timely payment.
• Record transactions and invoices into Xero, ensuring proper coding and approval according to company policies.
• Record and reconcile customer payments accurately.
• Communicate with customers regarding their accounts, including sending reminders and statements.
• Address and resolve customer inquiries in a professional manner.
• Record transactions and update cash balances across all accounts.

Assist/Cover for Accounts Payable as required:

• Prepare and process weekly payments to vendors and communicate with them on payment status and enquiries.
• Prepare and process employee expense claims.

You will ideally have:

• Working knowledge of general accounting principles and procedures.
• At least 5 years' experience in finance related role.
• Strong proficiency in accounting software (e.g. Xero, Sage 50/200, QuickBooks).
• Experience working in the Fintech/SaaS/Banking industry.
• Strong analytical, communication and problem-solving skills.
• Proficient in Microsoft packages, particularly Excel (v-lookups, pivot tables, graphs etc).
• Strong attention to detail and ability to produce work with very high levels of accuracy.
• Exceptional organisational and time-management skills.
• Able to work autonomously and function well in a team.
• Be trustworthy, reliable, able to work under pressure and adhere to deadlines.
• A 'can-do' attitude and willingness to provide assistance and support where and when it's needed.

QUALIFICATIONS:

• Fully Qualified AAT or Part-Qualified for ACCA / CIMA
• Bachelor's degree in Finance, Accounting, Business Administration, or related field.