Management Accountant

A hands on Management Accountant role to join a team of 6 in Walsall.

Client Details

Well established and stable Organisation looking for additional support of a Management Accountant to join their Walsall site.

Description

Key responsibilities of the Management Accountant will consist of the following:

• To manage/compile/analyse and report all costs and revenues in respect of projects within the month end deadlines. Actively challenge project costing information (past, present and forecast) to ensure its robustness and integrity are plausible. Assist in the production of all financial information required to update the accounts.

• Manage/Control/Assist with all finance tasks not limited to the production of monthly financial management accounts and associated reports for submission to Central Finance for consolidation in line with Babcock International Group reporting deadlines.

• Ensure the integrity of business unit P & L accounts including any balance sheet adjustments by way of project cost scrutiny, planning to ensure all costs are allocated correctly, timely within the system parameters and can be fully substantiated.

• Overseeing all billing processes and Ensuring all rechargeable maintenance is correctly recorded and billed to the customer

• Ensure the month end adjustments relating to, but not limited to Preliminary invoice analysis, Late Invoices analysis, Outstanding purchase orders, sub contract accruals are relevant and accurate and can be claimed in line with the project s contractual T & C's, and that the matching principles are consistently applied within projects

• Manage/Control/Assist with the process of budgeting & forecasting, including all additional BIG information requirements for all work streams/projects. Also obtain information to enable a rolling forecast to be produced within work streams on a monthly basis. This is to involve bottom up budgeting to ensure we have comprehensive budgets in place that are open to challenge and will help to produce detailed management accounts.

• Review month end journals and adhoc journals and ensure a monthly reconciliation between the General Ledger and the monthly contract sheet are done, investigating and resolving any variances.

• Liaison with the Credit Controller to review the aged debtors schedule to ascertain reasons for non-payment and to provide assistance to collect the cash, along with calculating ageing profile of WIP. Review Retention balances to ensure they are valid and are claimed within the contractual terms & conditions.
• Actively manage the receipt of payment certificates from the client, validate/approve them, before passing to the Credit Control department for invoices/credits to be raised accordingly. Ensure any retained values/disallowed items held by the client are fully substantiated and reviewed at the monthly contract review meetings. Actively chase outstanding sales invoices/valuations to ensure WIP is kept to a minimum where possible.

• Month end reporting.

Profile

The successful candidate will be happy to commute and be on site in Walsall, ideally part qualified- finalist level within their Accounting qualification. Evidence of working as a management accountant within Engineering/manufacturing is essential.

Job Offer

Excellent package, early finish on a Friday.