Job Description
Job Title: FINANCIAL ACCOUNTANT
Reporting to: Finance Manager
Overall Job Purpose:
To support and work closely with the Finance Manager providing accurate financial transaction processing and reporting for business entities. Be an integral and supportive member of the Finance team.
Key responsibilities include:
· Daily reconciliations, including unknown transaction investigation and resolution, for multiple bank accounts,
· Posting and allocating direct debit payments to purchase ledger accounts
· Generate manual or online bank transfers and payments as required
· Control and release of prepayments, accruals and deferred income
· Monthly balance sheet reconciliations, including payroll and client control accounts
· Sales ledger, including invoice generation and processing contra entries to the purchase ledger for facility hire and commission earned on third party income
· Credit control, including proactive chasing and reporting of outstanding debts
· Fixed asset control and reporting, including calculation of monthly depreciation
· Creation and posting of journals to the general ledger
· Assisting or assuming the role of Finance colleagues, including those performing similar functions, in times of peak workflow, sickness or holidays
· Month-end and year-end accounting routines and resolution of audit queries
· Other projects and activities as directed by the Finance Manager
Key Performance Measures:
· Accuracy and attention to detail
· Issues/queries resolved promptly
· Period end deadlines achieved
· Ad hoc and routine reporting completed in a timely manner
The job holder may also, from time to time, undertake other tasks and responsibilities which are not listed in this job description but which are commensurate with the post.
PERSON SPECIFICATION – Financial Accountant
Experience / · Preparation of general ledger to trial balance including control account reconciliations
· Daily bank reconciliations
· Performed the roles and control of the purchase and sales ledgers
· Credit control routines including chasing debtors for payment both verbally and in writing / · Use of Sage accounting software
· Online banking
· Working in a retail trading and/or charity environment
Qualifications / · Qualification by experience is of more importance than passing professional examinations / · MAAT or final stages of higher accounting qualification
Skills/Knowledge / · Confident with IT systems and data processing
· Proficient user of Excel, including spreadsheet design and data manipulation
· Analytical with an ability to undertake in-depth investigation to resolve issues
· Good communication skills, both verbal and written.
· Understanding of VAT principles / · Understanding of accounting standard FRS 102 in relation to trading and charity entities
· Excellent Excel spreadsheet knowledge, including use of pivot tables, vlookup, if and rounding formulae
· Ability to explain financial concepts, processes and outputs to non-financial staff
· Reconciliation of VAT records and reporting to HMRC
Ability/aptitude / · Team player – willing to be flexible to support colleagues
· Able to manage time effectively and meet strict deadlines
· Accurate and attention to detail / · Capable of developing own skills and knowledge
Job Description – Financial Accountant June 2017