Financial Accountant

Michael Page - Finance
£36k - £45k pa
16 Oct 2016
15 Nov 2016
Contract Type
To support the Head of Finance in the production of key statutory accounting reports for all subsidiary/business units for the Group

Client Details

Leading College in Manchester is expanding and looking for an ambitious financial accountant to join the team.


Key Responsibilities will include:

- Modelling of subsidiary/business unit balance sheets and cashflows to deliver an overall Group wide acceptable current ratio and financial health grade including the group cashflow.

- To review and comment upon subsidiary/business unit cash positions on a monthly basis, provide comments/advice to maximise future cash balances and prepare forward looking 2 year rolling cash flows.

- Prepare all data and updates for the monthly accounting packs

- Responds to financial inquiries by gathering, analysing, summarising, and interpreting data.

- Prepare management accounts packs for loan covenant reporting to meet monthly, quarterly and yearly compliance to facility agreements, as well as ensuring interest payments are made on time.

- Prepare payment schedules for each payment in respect of interest on loans and ensure payment is made in accordance with terms to ensure there is no covenant breach

- Prepare monthly financial grading reports for review by the Group Finance Director

- Production of weekly liquidity reports

- Produce, as required, any ad-hoc reports required by the Head of Finance and Group Finance Director.

- To liaise with external stakeholders e.g. auditors and banks.


- Production of tax returns for Group and its subsidiary companies

- Collation of all income and costs data to identify tax liability (using the finance systems)

- Ensure all data is uploaded submitted through the IXBRL software and reconciled before submission to HMRC


- Production and submission of quarterly and annual VAT returns

- Advise on VAT treatment for new codes and new activity

- Produce monthly reports from the finance system for checking VAT treatment and correct classification prior to purchase ledger close

- Prepare monthly journals (eg to correct any VAT errors and accrue for any recovery/cost)

- Evaluation of capital goods schemes and prepare associated annual journals

- Liaise with external VAT advisors on complex issues



- A qualified accountant with at least 5 years post qualification relevant experience (ACCA, ACA, CIMA, CIPFA)

- Proven practical experience of VAT and Tax computations and returns

- Level 2 English and Maths

Previous Experience

- Significant financial reporting experience in a similar size organisation.

- Understanding of Financial Reporting Standards and their application and capable of demonstrating up to date technical financial reporting knowledge.

- Experience of managing a team.

Job Specific Skills:

- Experience of owning and producing statutory financial statements

- Good literacy and numeracy skills

- Demonstrated competence in Microsoft office (word/excel)

- Ability to work to strict deadlines, to use own initiative and also to work as part of a team.

- Ability to manage multiple tasks simultaneously by planning, prioritising and scheduling tasks to accommodate ad hoc requests alongside routine daily activities.

- Strong management and communication skills both within finance as well as across internal and external stakeholders

- Good knowledge of accounting practices, statutory regulations and reporting requirements including the ability to provide technical support and advice to management

- Ability to foster a culture of teamwork and able to work with colleagues across the organisation

- Trustworthy with the ability to deal with confidential information

Job Offer

£36,000-£45,000 with a generous benefits package