Financial Accountant

Job Title:

Financial Accountant

Department:

Finance

Direct Supervisor:

Financial Control & Compliance Manager

Location:

Hybrid Working

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Job Purpose:

§ The Financial Accountant will be responsible for managing the financial accounting activities related to component capitalisation and fixed assets.

§ Support the statutory accounts production process including completion of reconciliations, supporting schedules.

§ Delivering a professional and customer focused finance service.

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Dimensions:

· Lead on the delivery of the Component capitalisation process and day to day monitoring of the Fixed Asset Register for our 11,000 homes and circa £23m Investment Programme expenditure.

· Have the confidence and competence to bring together lead officers from across the business to deliver a cohesive review process as necessary.

· Accuracy and transparency are critical dimensions of the role, therefore a keen eye for detail and an inquisitive nature are required to ensure all records stand up to scrutiny.

· Excellent planning and time managements skills to deliver smooth and timely processes in line with deadlines.

· Strong accountancy skills to support statutory account and reconciliation work.

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Principal Accountabilities:

§ Lead the capitalisation of housing components, ensuring compliance with relevant accounting standards and policies.

§ Review and analyse capital expenditure to determine appropriate classification and capitalisation.

§ Maintain accurate records of component capitalisation, including additions, disposals, and depreciation.

§ Manage and maintain the fixed asset register, ensuring it is up-to-date and accurately reflects asset base.

§ Reconcile fixed asset accounts and perform regular audits to verify the existence and condition of assets.

§ Monitor asset movements and ensure timely recording of acquisitions, disposals, and transfers.

§ Calculate and record depreciation, ensuring compliance with applicable accounting standards.

§ Ensure that services provided are necessary and are provided in a way that minimises waste across the Group.

§ Support the Head of Finance in the delivery of a group integrated finance system, processes and services as directed.

§ Preparation and review of appropriate control accounts and reconciliations

§ Assist with the consolidation of accounts to facilitate Group reporting and monitoring compliance with financial covenants.

§ Lead in the preparation of annual budgets and forecasts for areas of responsibility

§ Assist the Financial Control & Compliance Manager in the production of the statutory accounts including completion of reconciliations, supporting schedules and review of the notes in the financial statements.

§ Liaise with and support internal and external auditors when required.

§ To ensure all data processed within our systems is collected, updated and stored in line with procedures and any legal requirements. Regular reviews of data quality to be provided to the line manager. The Data Quality Policy will provide further detail on requirements and responsibilities.

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Key Performance Measures:

Produce Capitalisation control summaries and ensure capitalisation process is conducted in a timely manner.

Ensure Fixed Asset Register reviewed and reflects condition of assets at any point in time, including depreciation estimates and forecasts.

Lead on the maintenance and continuous improvement and development of the Fixed Assets software and reporting working alongside the Finance Management Team.

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Knowledge, Skills & Experience:

§ Financial Accounts

§ Advanced knowledge of Microsoft Office (e.g. excel, word etc.) and computerised financial systems

§ Knowledge of IFRS and FRS102

§ Relevant qualification experience

§ Significant experience providing accountancy services in a medium to large sized organisation.

§ Knowledge of Component accounting

§ Experience of Social Housing Finance

§ Experience in presenting complex financial information and providing financial information and advice to a wide range of audiences

§ Experience of tracing transactions from a management information system to an accounting system and vice versa

§ Prioritises and plans effectively

§ Organise resources to achieve goals

§ Adapts positively to change

§ Demonstrates drive, enthusiasm and determination

§ Seeks ways to continuously improve and learn

§ Demonstrates commitment to Customer Service at all times

§ A methodical approach to developing solutions.

§ Manages time effectively to meet deadlines.

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