Management Accountant

Role Type: Permanent | Location: Lowestoft | Date Posted: Still Active
Job Reference Number: 1349
Salary: £45,000.00

Keeler Recruitment

Seatrium ORS Ltd, a rapidly expanding and fast paced business, is working exclusively in partnership with Keeler Recruitment to recruit a dynamic Management Accountant. This exciting and newly created role within the team will report to the Finance Manager providing a solid reporting and financial management source for all Seatrium ORS’ contracts/projects via a proactive hands-on approach. 

A key element of the role will involve developing the financial structures and reporting systems to create efficiencies and scalable solutions in all day-to-day finance activities, capable of meeting the business’s challenges and ambitions. The role therefore requires a sound understanding of consolidated accounts and system proficiency to deliver effective solutions.

Financial modelling is a key skill requirement, to provide business insight, aiding decision making to steer performance. 

The role will involve monitoring / challenging project performance; collaborating where possible to deliver commercial insight, whilst ensuring accurate revenue and profitability reporting.

Key Responsibilities:

Management Accounting

•    Produce draft management accounts, including providing insightful commentary for review.
•    Preparation of consolidated accounts in line with the delivery of the business acquisition strategy.
•    Produce effective financial modelling to facilitate budget/forecasting processes and decision making.
•    Responsible for Sage 200 financial reporting structure, delivering efficiency and continuous improvement, to ensure processes are scalable, and standardising processes for new company setups for companies as acquired.
•    Coordinate management accounts timetable to ensure strict deadlines are achieved.  
•    Responsible for ensuring financials are accurately reported on Group Consolidation System (Cognos)
•    Perform / review balance sheet reconciliations, ensuring accurate transaction processing and timely resolution of issues as appropriate.
•    Ensuring consistent and efficient accounting processes and internal controls are in place and procedures are adhered to
•    Assist Finance & Admin Manager with Supervision of Finance Team, including supporting apprenticeship program, with coaching/training and overall support.
•    Assist with external audit, liaising with group and to ensure smooth audit of annual financial statements.
•    Responsible for VAT returns, including ensuring administration and record keeping is compliant and in line with regulatory requirements.  
•    Undertake any other tasks that may reasonably be required in accordance with the duties and the responsibilities of the post.ie assist with key tasks from other roles as requested to cover for holidays or absence within hours worked.

Project Accounting

•    Weekly forecast update to track performance of fast paced offshore projects, including monthly forecast to support Management Accounts i.e. month end project revenue recognition and project cost accruals.
•    Understanding of progress and productivity calculations to ensure risk and accurate progress is reported and challenged where necessary. 
•    Change management including identifying commercial opportunities, with suitable accounting structure to highlight variation performance.
•    Understanding of project / contract risk, with risk reflected within the forecast, supported by risk register.
•    Produce cash flow forecasts to ensure any potential temporary contract / project cash shortfalls are highlighted in order to be addressed / resolved.
•    Ensure invoicing is conducted on a timely basis and in line with milestones, with variations invoiced at earliest opportunity.
•    Work closely with Service Delivery Manager, to address operational concerns, timesheet reporting, ad-hoc reporting and financial performance updates

Minimum Requirement:
Working towards full qualification (part qualified CIMA / ACCA or equivalent) with minimum 5 years’ broad-spectrum experience in an accounting / finance role, including:

•    Strong background in management accounting and controls.
•    Commercially focussed who understands the importance and value of project control.
•    Strong personal drive, high attention to detail and deadline driven.
•    Strong communication skills, able to deal with people at all levels.
•    Problem solving and solution experience.
•    Fast paced Initiative and proactive
•    Positive approach and work ethic 
•    Good systems ability and process improvement mind-set 

 

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James Steel

Recruitment Manager
T: 01603 851840
[email protected]

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