Financial Accountant

Permanent, Full-time

Cardiff/Hybrid

£43,000 - £57,000 per annum

We are welcoming applications for a qualified accountant to join our Finance team. If you are a self-motivated individual with substantial experience and knowledge of financial reporting, then we would love to hear from you.

The Role:

As a Financial Accountant, you will take a lead role in managing end of year processes, assisting the Head of Financial Reporting with the production of reports and financial statements and will be a lead point of contact for External Auditors. The role holder will be expected to provide financial accounting expertise to the organisation, ensuring that appropriate financial information and analysis is reported efficiently.

The Person:

To succeed in the role, you'll have strong analytical skills and attention to detail. We're looking for strong communicators with excellent IT skills and whilst the ability to speak Welsh is valued, it is not required in the role.

The Contract:

The role is available on a permanent basis. It is a hybrid post, enabling the successful candidate to split their time between working in our Cardiff offices and working remotely, subject to personal preference and business need.

Our Benefits

We pride in being an inclusive and supportive place to work. We also offer a range of excellent benefits including: 25 days annual leave per year (in addition to 16 statutory / additional holidays), free Welsh lessons, a competitive pension scheme and numerous family friendly policies. A career with us can be extremely rewarding and you will be encouraged throughout with great opportunities to develop your professional and personal skills. Responsible to: Head of Financial Reporting

Main purpose of Job:

To provide financial accounting expertise to the organisation, supporting the Head of Financial Reporting in ensuring that appropriate financial information and analysis is reported efficiently and that all external reporting obligations are met.

Principal Duties and Responsibilities:

Financial Statements and Annual Report: assist with the preparation of the consolidated annual statutory financial statements and the Annual Report, including:

Calculation of balances.

Preparation of disclosure notes.

Provide information and analysis for the External Auditors.

Subsidiary Company Financial Statements

take the lead role in managing the year end process and timetable, and in ensuring that all outputs are completed accurately, including:

Preparation of the financial statements and associated notes.

Preparation of the Report of the Trustees, including all liaison with the Board of Directors and with the Company Secretary.

Preparation of the primary statements, lead schedules and other supporting workings / documentation with support as required from other members of the finance team.

External Auditors: act as a key point of contact with the External Auditors, including:

Lead point of contact in relation to the audit and financial statements preparation.

Key point of contact in relation to the year-end audit.

Technical Accounting: support the Head of Financial Reporting as a technical accounting expert, including the Charities, and Financial Reporting standards.

Provide advice to staff on accounting matters and the use of financial information.

Financial Reporting: support the head of Financial Reporting, including contributing to ELT and Board reports.

Budgeting and Forecasting: support the Head of Financial Reporting, Head of Management Accounting and the Director of Finance on Budgeting, 5-year Financial Plan and Forecasting activities as required, including:

Supporting the team with any technical input required.

Feeding into reports for ELT and the Board as necessary.

Cash Flow: to lead on cash flow reporting within the organisation, including:

Detailed analysis of actual cash flows.

Forward forecasting.

Working Capital Reporting: to lead on the reporting of working capital within the organisation, including:

Development and maintenance of a comprehensive report and dashboard summary covering cash, investments, debtors and creditors.

Lead on the monthly reporting, including narrative and liaising with other team members as appropriate to resolve queries and understand trends.

Investments: to support the Head of Management Accounting by being responsible for:

The accounting of investments, including month end and year end valuations.

The financial reporting of investment related balances, including historic trends for use by the Investment Committee to support investment decisions.

Regular review and reporting of investment balances.

Chart of Accounts: responsibility over the management of the financial coding structure.

Accounting - Stock: to lead in all areas of accounting, including:

Stock management and monthly valuation.

Year-end stock adjustments.

Maintenance and development of job costing model and annual calculations.

Lead for the year end stock-take including all liaising with the External Auditors and staff.

Accounting - Fixed Assets: to lead in all areas of accounting, including:

Technical decisions.

Lead on the use of the Fixed Asset Register System.

Lead on all Fixed Asset tagging and verification processes.

Depreciation calculations and forecasts.

Consideration of any impairments.

Ensuring all related financial procedures are adhered to.

Accounting - Inter-Company Management Recharge: to lead in all areas of accounting, including

Maintenance and development of recharge calculation model and calculations.

Managing the inter-company transactions.

Tax: responsibility for preparing the tax return, including:

Preparation of draft computation for the auditors and tax team.

Preparation of draft deferred tax calculations for the auditors and tax team.

Lead point of contact with the auditors and the tax team to finalise the tax balances and disclosures for the year-end financial statements.

Lead point of contact with the tax advisors in producing the tax return.

Engagement with HMRC as appropriate.

VAT: prepare VAT returns and support the Head of Financial Reporting in the preparation of the VAT returns with engagement with HMRC and professional advisors as appropriate

Balance Sheet Reconciliations: to perform monthly balance sheet, control accounts and suspense accounts reconciliations as appropriate.

External Returns: completion of external statutory returns including all financial elements of the Annual Return to the Charity Commission.

Insurance: management of all financial elements of insurances, including:

All financial analysis required for the annual renewal of policies.

Regular review of policy financial limits and financial declarations in between renewal dates to ensure policy limits remain appropriate.

Maintenance of an asset register for insurance purposes.

Management of the financial elements of any claims.

Financial Policies and Procedures: to support the department in the preparation, development, implementation and maintenance of and compliance with Financial Policies and Procedures and Financial Regulations. To lead on certain areas, including Fixed Asset and Stock.

Internal audit: to support the co-ordination and resolution of financial internal audit matters as appropriate.

Systems: input into the development of Finance systems, including:

Lead on the continuous improvement of reporting methodologies and approaches.

Continuous improvement of processes.

Input into the development and implementation of new systems / system improvements.

Continuous Improvement: provide suggestions and implement improvements and efficiencies into financial processes, including:

Challenge current ways of working and identifying efficiencies as appropriate.

Continuous improvement of processes.

Contribute to the development of financial policies and procedures as appropriate.

Input into the development and implementation of new systems / system improvements.

Trustee Information: support the Director of Finance, Head of Financial Reporting and Head of Management Accounting in the preparation of financial information and papers for Trustee and Sub-Committee meetings.

Support: support the Director of Finance, Head of Financial Reporting and Head of Management Accounting in the wider aspects of the department's brief.

Other duties:

To understand and comply with all policies and procedures detailed in the Staff Handbook - in particular, ensuring you understand your role and responsibilities in relation to Safeguarding, Information Security, GDPR, Confidentiality, Welsh language and Health, Safety and Environment.

Participate actively in supporting the principles and practice of equality of opportunity as laid down in our Equality & Diversity Policy, embedding ED&I into all projects, policies and practices.

To be a pro-active team-member, contributing positively to meetings and projects in support of our aims and objectives.

To engage in personal and professional development activities relevant to the role.

To undertake other duties, as required, which are commensurate with the grade of the post.