Management Accountant
Location: GB, , London
Employment type: Full-time
Required experience: Mid-Senior level
Required education: Unspecified
Industry: Accounting
Function: Accounting/Auditing
Salary range: 40000-45000
Company profile: Magpie is a boutique recruitment agency specialising in Accounting & Finance, Sales & Marketing and Office & Administration. We are based in Richmond upon Thames covering SW London & Surrey. We have a strong vision to provide a quality and professional recruitment service, whilst adding to our already growing reputation. Our mantra is to build long term relationships by being unbiased, open minded and proactive. If you are considering a career move or have a position please email #EMAIL_d7dbed543e2f8ae8c75474c5c8e4bc91dd0e2c46fb00bafcde141138d42d7d30#
Description: OVERALL PURPOSE OF ROLEBusiness Support is responsible for producing the budgets, forecasts management accounts and other information of the Client. As such it is the key business-facing function within the Finance Department (“Finance”).The Business Support function consists of the Head of Business Support, the Senior Management Accountant, two management accountants, the Finance Systems team and the Payroll function.The Management Accountant is a key interface between Finance and other University departments and is responsible for providing a business partnering service to non-Finance departments ensuring these departments receive an effective and efficient service in terms of the generation, distribution and understanding of financial-related management information.As such, the Management Accountant is expected to lead by example in demonstrating certain of the core values of the Finance Department, notably:Displaying a POSITIVE ‘can do’ attitude and pro-active approach to issues / challengesBeing INFORMATIVE in terms of providing information required to meet the needs of users of the services of the Business Support functionProviding robust, but constructive CHALLENGE in performing tasks / responsibilities.The Assistant Management Accountant will be required to use accountancy and technical (financial and other) expertise to support the key duties / areas for which they have responsibility. KEY RELATIONSHIPSWhilst reporting to the Head of Business Support, the role of Management Accountant will have a high degree of autonomy, actively contributing to financial and strategic thinking.       KEY DUTIES AND RESPONSIBILITIESThe following duties and responsibilities are not intended to be exhaustive but to give an indication of those aspects of the work of the Finance Department for which the role holder has primary responsibility. GeneralAttend meetings, as necessary, including, in particular, regular monthly meetings with Heads of Departments / Services and with the Senior Management Team when required (e.g. during budget and planning meetings) The role holder will be nominated to attend certain  committees / groups as the representative for Finance Be responsible for assisting and mentoring the work of the Finance Officer or have responsibility for overseeing the financial aspects of one or more of the subsidiaries of the University Management Information Reporting / Corporate Planning / Business SupportPrepare discreet elements of the annual budget, in-year forecasts and the medium term financial plan in conformance with the timetable to meet appropriate Committee and Board sign offs, taking the lead for a number of clients assigned to this role, as well as assisting with the consolidation As part of the above work:Assist the Head of Business Support in developing and issuing reporting templates and assist Cost Centre managers in the completion of these templates and in the preparation of their business plans and budgets in accordance with deadlines and other requirements set by the Director of FinanceConduct regular meetings with Line managers and Cost Centre managers, analysing variances against budget / forecast and exploring potential opportunities and problems and their solutions, making appropriate recommendations and advising of the impact on the businessChallenge senior managers to deliver their services efficiently and ensure that all activities of the Business are budgeted for at an appropriate levelEnsure non-finance departments have a full understanding and take appropriate ‘ownership’ for their departmental budgets / forecasts etc. Produce monthly management information packs for the areas for which the role holder has financial responsibility, from trial balance, on a timely basis for review by the Head of Business support, ensuring that all relevant accruals and prepayments have been taken into account and all journals are recorded in time to meet reporting deadlines Develop more insightful analysis and reporting of profitability , assisting business managers to properly understand the income and costs of their department Provide financial and commercial input to on-going and ad hoc business decisions with financial implications.  Where relevant, provide appropriate financial modelling and other support, in particular provide assistance to academic staff with research / consultancy project bid preparation (and subsequent monitoring of successful bids)Work with the Human Resources function and with Registry in order to enhance reporting on staffing and related costs and student numbers and income allocation Encourage adherence to financial policy and procedures, demystifying financial matters at all levels within the organisation (user friendly financial advice, contributing to the development of financial training for non-financial managers and academic staff)
Requirements: Finance-Related ITActively participate in the development and on-going maintenance and utilisation of the dedicated long term financial planning software used by the University, ensuring that any major business decisions are reflected in an updated version of the plan and that software updates are applied on a timely (and accurate) basis Contribute to the development of a more visual monthly reporting pack for use by SMT and the Board (and its committees) and be trained in order to be capable of using the relevant software (Qlikview) Work closely with the Finance Systems team in the implementation of new systems which have an impact on the Business Services for which the Management Accountant is the primary business partner Be part of the team which selects and implements the new accounting software package to be used by the Finance Department (replacing the existing QLX package) Regulatory ReportingBe responsible for tracking, reporting and analysing the financial commitments made by the University as part of the OFFA Access Agreement and reporting this information to the Access Agreement Group Work with the Senior Management Accountant in tracking and analysing the income available and the resources expended as part of the QR (research) allocated to the University Undertake the detailed work required to complete the TRAC T and TRAC R returns.  As part of this duty, present the interim and final results of the work to the relevant Heads of School and ensure appropriate training and assistance is provided to these and other groups with an interest in the return Be responsible for the detailed work required for the reporting of benchmarking data to AMHEC (and others)
Fraudulent: 0