Management Accountant

Role Responsibilities

• Prepare and report on monthly management accounts.
• Undertake an analytical review of the Financial Performance on a quarterly basis.
• Prepare draft statutory accounts for auditors.
• Liaise with auditors to provide all the information that they require to carry out the audit.
• Prepare annual budget.
• Attend the Management Meeting and offer support/raise concerns on the annual budget, highlight opportunities to improve profitability, and analyse service performance.
• Identify and raise any financial risks to the business at the weekly Management Meeting.
• Analyse the total contractor sales and margin by client and contractor and reconcile to the Sage Profit & Loss Account.
• Sales Ledger for the month is closed down and invoice finance month end reconciliation completed.
• Drawdown from invoice finance to ensure sufficient funds are in place to meet all payment out of the current account.
• Monitor cashflow to ensure all payments are covered by invoice finance drawdowns.
• Ensure the headroom on the invoice finance facility is maximised.
• Review and approve all payments made through the current account – contractor payroll, PSC contractor and overhead invoices.
• Reconcile and submit the monthly PAYE/NI Payment.
• Prepare, reconcile and submit the quarterly VAT return electronically.
• Ensure all actions against the M.A. in the Finance Calendar are completed by the identified date.
• Calculate Class 1A NIC’s on medical insurance benefits (tax paid through payroll) and arrange payment.
• Prepare and submit PSA (in respect of any staff entertainment paid by the company) to HMRC for each tax year and pay PAYE/NI due.
• Liaise with Parent Company and Tax Accountants on calculation of Corporation Tax and pay as required.
• Complete and submit requests from the Office for National Statistics.
• Quarterly ITEPA report is prepared and submitted to HMRC by the 5th of the second month following the calendar quarter.
• Review the current linkage between ERP and Sage to ensure correct analysis of sales and cost of sales for reporting purposes.
• Ensure finance processes are fully documented for the Management Accountant role, updated where necessary and reviewed regularly.
• Ensure adherence to all internal financial policies, procedures, and statutory regulations. Identifying and managing risks, aligned to the ISO 9001 Quality standard.
• Supervise all Finance staff, identify any problems encountered and formulate and apply solutions.
• Carry out regular reviews with staff to review problem areas and discuss possible improvements.
• Ensure there is cover for all key tasks carried out by the Finance Team.
• Proactively recommending and implementing improvements to financial systems, policies, and working practices to increase efficiency.