Accountant

1 week ago


Watford, United Kingdom Savant Recruitment Full time

**Accountant | Watford | PE backed Retailer | £50,000-£60,000**

Accountant job for a private equity backed multi-site retail company based in Watford paying £50,000-£60,000 per annum

**Your new company**

You'll be working for an ambitious, well established, private equity backed multi-site retailer based in Watford who have grown successfully over the last 5 years through acquisition and increasing their market share and are looking to establish a financeshared service centre.

**Your new role**

You'll be working as an Accountant and will be responsible for assisting with month end close within IFRS for a number of sites. Your duties will include;
- Timely preparation of monthly financial accounts for Non-Revenue/COGs and related overheads to OneStream upload
- Identify need for adjusting journals recommend correct accounting treatment for unusual transactions for Non-Revenue/COGs and related overheads
- Regular reviews and analysis of revenue related budget & forecast variances for Non-Revenue/COGs and related overheads
- Preparing monthly and maintain cost reallocation modules & Wages Allocation
- Embed key financial control principles, policies and governance at an appropriate level.
- Identify need for adjusting journals decide on correct accounting treatment for unusual transactions and provide support for these.
- Regular reviews and analysis of Non-Revenue/COGs related budget variances
- Review accruals and site level P+L's to ensure completeness and accuracy
- Help and support the finance department with year-end audit procedures
- Collaborate with Business Controllers on financial queries and any required entries pre-MEC review of balance sheet variances and provide Qtly Variance Analysis
- Completion and/or review of cost and balance sheet reconciliations - to include high quality reconciliation files, with peer review on associated supporting documentation.
- Review of balance sheet support for financial reconciliations on Non-Revenue/COGs - fixed assets balance sheet accounts - per TB ownership file.
- Full participation with Finance Systems project teams on developing and improving of financial models - to include, cash, prepayments, Support Centre Overheads, draughting SOPs and UAT.
- Ensuring the day to day and long-term compliance of financial procedures
- Assisting with cash flow forecasting and contribute to cost control and cost monitoring
- Review and ensure consistent commercial terms are being used across our business acquisitions
- Drive accurate accruals processes with attention to detail for statement of unrecorded liabilities.
- Assistance with quarterly and annual budgeting in coordination with FP&A team
- Calculating variance analysis - to include root cause analysis and countermeasures to anomalous entries in the accounts, remediating errors
- Ensuring the day to day and long-term compliance of financial procedures
- Maintain simple progress tracking for allocated tasks/works
- Ensure compliance with IFRS 15 for fixed assets, IFRS 16 Lease Accounting, IFRS 9 & 17 with regard to prepayments
- Bank account reconciliation and assisting with ad-hoc duties to support wider finance department.
- New acquisitions statutory accounts (small companies) liaison, preparation and filing as required

**What you'll need to succeed**

You will need to be a fully qualified accountant (ACA, ACCA, CIMA or equivalent) ideally with experience working within an accountancy practice although other experience will be considered. You'll need to have a comprehensive working knowledge of IFRS andideally experience of working within a SSC environment.

**What you'll get in return**

You'll be paid £50,000-£60,000 per annum and will work a 37.5 hour week in a primarily office based but hybrid capacity. You'll be working for a highly regarded market leader with ambitious growth plans and a highly regarded personal development plan foremployees.

**What you need to do now


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