Management Accountant

Posted 4 April by Sovereign & Bale

Purpose and Scope

The Management Accountant is a key role within a small Finance team that will work closely with the Finance Director to ensure smooth operation of all organisational finance matters

Main Objectives

  • Prepare and develop monthly management accounts and financial analysis on a timely basis to allow the organisation to make well-informed decisions to ensure future stability, profitability and growth
  • Work with operational managers to ensure income and expenditure is maintained within budget, and thus the agreed contribution is delivered.
  • Advise on and assist with all financial issues impacting on operational managers within the Management Accountants’ area of responsibility.
  • Work with operational managers to provide accurate assessments of the forecast financial position for a particular financial year, stating clearly the underpinning assumptions.
  • Support operational managers to develop a robust budget; this to be achieved through providing clear baseline financial information and through discussion and cross-testing assumptions to arrive at proposals which fit with corporate expectations.
  • Provide costings and financial analysis for new bids and existing services as required through the Finance Commercial Support function
  • Act as the interface between the Finance department and operational staff
  • Identify opportunities for cost efficiencies, for example through streamlined procurement processes or more effective business systems.

Financial Management, Information and Reporting (Key Accountabilities)

- Prepare annual budgets for multiple operational service delivery contracts

- Undertake regular reports of budget performance to the Finance Director including any potential over or under spends

- Prepare Management Accounts in accordance within agreed timescales and ensuring absolute accuracy

- Support Finance Director in a range of activities including the preparation of statutory financial reporting for audit, in line with SORP regulations

- Running staff payroll, undertaking HMRC submissions

- Ensure that all month and year-end and other necessary processing activities are undertaken appropriately e.g. monthly bank reconciliations, co-ordinate and consolidate monthly management information, payroll, pensions etc.

- Ensure compliance with all financial regulations

- Develop monthly and annual reports to identify results, trends, and financial forecasts and explain differences and make recommendations


- Assist with financial aspect of bid process, project proposals and contract negotiations

Required skills

  • Annual Reports
  • Bank Reconciliations
  • Finance Department
  • HMRC
  • Financial Issues

Application questions

Do you have 2 years’ experience in a Management Accountant role and are AAT or ACCA qualified?
Do you have experience with working with SAGE line 50 and SAGE Payroll?
Do you have knowledge of Charity Finances, with experience of working within the Voluntary sector?
Do you have working knowledge of laws and regulations relating to charity finance management?
Can you undertake projects that aim to improve financial performance?

Reference: 34829974

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