Management Accountant

Management Accountant

Weybridge, Surrey

Competitive salary, dependant on experience-Plus company benefits

We are seeking an experienced Management Accountant with a background in project accounting and cost accounting to join our clients team. The finance department is made up of 3, and our client is a commercial SME business based in Weybridge, Surrey.

The ideal candidate will play a key role in financial reporting, cost analysis, and budgeting while ensuring that project financials are closely monitored. This role will involve providing support to senior management in decision-making by delivering accurate financial insights and reports related to project performance, costs, and profitability.

Key Responsibilities:

• Monthly or Quarterly Reports: Preparing financial reports on a regular basis (monthly, quarterly, or annually).
• Profit and Loss Statements (P&L): Providing a detailed summary of the company’s income, costs, and expenses during a specific period.
• Balance Sheets: Compiling reports that reflect the company’s financial position, including assets, liabilities, and equity.
• Cash Flow Statements: Summarizing the inflows and outflows of cash to ensure liquidity and solvency.
• Variance Analysis: Comparing actual results to budgeted or forecasted results to identify any discrepancies and explain the reasons for them.
• Prepare and monitor project budgets, ensuring that costs are controlled and that projects are completed within budget and on time.
• Track and analyse project costs, including labour, materials, overheads, and other expenses, ensuring proper allocation and reporting.
• Oversee the preparation of monthly and quarterly financial reports for active projects, including profit and loss statements and cost forecasts.
• Provide financial advice and recommendations to project managers on the financial performance and risk management of projects.
• Ensure accurate allocation of expenses to the correct project codes and departments in alignment with company accounting policies.
• Prepare and review project financial statements, ensuring compliance with accounting standards and company policies.
• Conduct cost analysis to determine cost-effective processes and improvements across various departments or projects.
• Provide detailed cost reports, analysis, and forecasts to senior management for informed decision-making.
• Monitor and control the allocation of indirect and direct costs to projects, products, and departments.
• Review inventory management and work with the procurement team to ensure cost efficiency in sourcing and purchasing.
• Perform variance analysis, investigating any discrepancies between actual and budgeted costs, and report findings.
• Establish and track cost structures, ensuring that cost allocation methods are in accordance with internal and external standards.
• Assist in the preparation of annual budgets, ensuring alignment with organizational goals and project needs.
• Coordinate with different departments to compile financial data and prepare comprehensive budget reports.
• Provide monthly financial summaries of actual vs. budgeted performance, identifying cost overruns and areas of improvement.
• Support internal audits by ensuring that project accounting and cost accounting practices are compliant with financial regulations.
• Consult with project managers, department heads, and senior management to ensure accurate reporting and alignment on financial matters.
• Provide training and support to project managers and other stakeholders on financial processes and budget adherence.
• Collaborate closely with external auditors and tax consultants during audits and ensure project-related accounting documentation is accurate and complete.
• Identify areas of inefficiency in cost reporting, project accounting, and financial processes, and recommend improvements.
• Support the implementation of new tools or software for better tracking and management of project and cost accounting functions.

Skills & Qualifications:

• Minimum of 3-5 years of experience in management accounting, with a focus on project accounting and cost accounting.
• Strong understanding of accounting principles, including project cost management, job costing, and variance analysis.
• Ideally with XERO accounting software and EXCEL
• Excellent analytical and problem-solving skills, with the ability to work independently and as part of a team.
• Strong attention to detail and accuracy.
• Proficient in Microsoft Excel and financial reporting tools.
• Effective communication skills, with the ability to present financial data to non-financial stakeholders.
• Ability to manage multiple priorities and work under tight deadlines.

If your application is successful, you will be contact shortly.

The job title and description in this advertisement may differ from the client's official job description/contract .We appreciate your interest in this role. E-Personnel Recruitment aims to acknowledge all applications, but due to the high volume of CVs we receive, this may not always be feasible.

You can apply with the utmost confidence to E-Personnel Recruitment directly, experts in both Permanent and Temporary Recruitment, and a proud member of the Recruitment & Employment Confederation (REC), the professional body for the recruitment industry. In the meantime, feel free to explore similar job opportunities on our website: e-personnelrecruitment.co.uk