Management Accountant

Job Purpose

The Management Accountant will be responsible for overseeing various financial processes, ensuring the accurate recording of assets, performing post-completion audits, managing work in progress (WIP), and monitoring purchasing performance. Required to possess strong accounting skills, attention to detail, and the ability to work effectively in a fast-paced environment.

Key Tasks:

Accurate Recording of Fixed Assets and Stocks:

• Maintain accurate records of all fixed assets and inventory in the company’s accounting system.
• Conduct regular physical stock counts and reconcile any discrepancies.
• Ensure compliance with relevant accounting standards and policies regarding fixed asset and stock management.
• Monitor and manage depreciation schedules for fixed assets

Post Completion Audits on Jobs in Line with the QS CVR Reports:

• Conduct post-completion audits of completed jobs, ensuring that financial records align with the Quantity Surveyor’s (QS) Cost Value Reconciliation (CVR) reports.
• Analyse job costings, ensuring any variances are identified and addressed.
• Report findings and recommend improvements to project financial management based on the audit results.

Monthly WIP and Accrual Valuations:

• Perform monthly work in progress (WIP) valuations to ensure the accurate recognition of revenue and costs for ongoing projects.
• Prepare and review accruals, ensuring that all relevant costs and revenues are captured and reflected in the financial statements.
• Collaborate with the project management and finance teams to ensure proper accounting treatment of WIP and accruals.

Bank Account and Statement Reconciliation:

• Reconcile company bank accounts and statements on a monthly basis, ensuring that all transactions are accurately reflected.
• Investigate and resolve any discrepancies, ensuring that accounts are reconciled in a timely manner.
• Provide detailed reports on bank reconciliations to senior management.

Purchasing Performance of the Company:

• Monitor and assess the purchasing performance of the company, ensuring that costs are in line with budgeted expectations.
• Analyse supplier pricing, contract terms, and purchasing trends to identify cost-saving opportunities.
• Assist in improving the purchasing process by working closely with the procurement team

Anticipated/ Aspirational Qualifications/Experience/Technical knowledge:

• Bachelor’s degree in accounting, Finance, or related field (ACCA, CIMA, or similar qualifications preferred).
• Proven experience in management accounting, with experience in fixed asset management, WIP valuations, and bank reconciliations.
• Strong knowledge of accounting software and systems.
• High attention to detail and ability to handle complex financial data.
• Strong analytical, organisational, and communication skills.
• Ability to work independently and as part of a team in a dynamic environment

Understand and identify with the Company Core Values:

Together … We Can Do More

• One Team all equally important.
• Through collaboration we will find the solution.
• Using aspiration and hard work, we will create a legacy.

Rise To The Challenge

• Exceed both our and customer expectations.
• Continued improvement making weakness into strength.
• Innovative use of new and old to give robust solutions.

Be Accountable

• Own your choices and actions.
• Deliver on our commitments / promises.
• Our reputation is your responsibility

Do the Right Thing

• In all things be safe.
• Act with respect and integrity.
• Fight hard but fair for the greater good.

Benefits

• 4% Employer pension contribution
• Holidays 24 days plus 8 Bank Holidays (pro rata for part-time workers)
• Life and Accident Insurance
• BUPA Cash Plan