Management Accountant

6 days ago


Derby, Derby, United Kingdom Locomo EV Full time
Job Description

Role: Management Accountant

Estimated Salary: £40,000 Per Annum

Location: The role is based in Derby, but a flexible approach to hybrid working is adopted.

Job Purpose

  • Reporting to the Managing Director and supported by non-executive finance director, you will be a key member of the senior management team.
  • You will deliver accurate and insightful financial business management outputs using commercial analysis, KPI reporting and implementing system and control improvements within set timelines.
  • You will use appropriate methods of investigation to identify and resolve account administration issues by providing financial information to aid managerial planning.
  • Ideally, you will have experience in a similar retail/ecommerce business.
  • You will play a pivotal role in optimising business profitability and the growth of the Active Apparel Group.

Responsibilities include:

Accounts and Finance

  • Prepare the monthly management accounts, post journals for sales, cost of sales, prepayments and accruals, wages, stock, loans and depreciation and reconcile all balance sheet nominals.
  • Forecast income and expenditure.
  • Collaborate with Buyers to improve the Purchase Order control process through to GRNs received and invoices processed for payment.
  • Reconcile supplier accounts to ensure balances are correct and old items are dealt with accordingly.
  • Involve yourself in the importing of goods from the far east, encompassing VAT, Import Duties.
  • Participate in stock takes as required.
  • Contribute to potential future restructuring and expansion of this division, supported by Business Owner and Head of Finance.
  • Analyse stock movements and work with the stock management system reports to provide insights on stock turnover etc.
  • Prepare weekly sales reporting.

Cash Flow and Funding

  • Approve the weekly and monthly payment runs in line with the agreed cash forecast.
  • Oversee the weekly cash flow forecast and discuss it with the Managing Director.
  • Provide clarity on the timing of upcoming payments.
  • Liaise with Business Owners and external funders, supported by the Head of Finance, to raise cash as required.
  • Understand the cash requirements and profile for container imports.

External Liaisons and Compliance

  • Assist the external accountants in preparing information for financial statements and tax returns and Year End processing.
  • Prepare each company VAT Return ready for the Group Management Accountant to undertake the Group VAT Return.

Budgeting and Forecasting

  • Support during the annual budgeting process.

Payroll Administration

  • Oversight of payroll process for all staff, collating timesheets and HR administration for contracts and pay data.

Team Management

  • Manage and develop the Accounts Assistant.

Personal Performance and Development

  • Take responsibility for personal performance and the development of personal skills to ensure the required skills, knowledge and competence to fulfill the role.

Customer Focus (Internal and External)

  • Effectively meet customer needs, build productive customer relationships and take responsibility for customer satisfaction and loyalty to the business.

Job Details

Job Type: Full-time

Salary: Up to £40,000.00 per year

Benefits:

  • Company events
  • Free parking
  • On-site parking

Schedule:

  • Monday to Friday

Work Location: In person


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