Financial Accounting Specialist

3 weeks ago


Weybridge, Surrey, United Kingdom Prax Group Full time
Financial Accounting Specialist Role Description

We are seeking a skilled Financial Accounting Specialist to join our department as Financial Accountant. The role will involve taking ownership of the financial accounting for the Midstream Refinery.



Main Responsibilities



  • Financial Close Process Management: Work in close partnership with the offshore team to ensure timely review and close of month end accounts payable ledgers, accounts receivable ledgers, intercompany account reconciliations, and bank account reconciliations.

  • Accruals and Prepayments: Preparation of month end accruals and prepayments.

  • Cost Accruals: Preparation of monthly Variable and Fixed cost accruals.

  • Capital Expenditure and Fixed Assets: Review of Capex items and all the Fixed assets including capitalisation and Depreciation run.

  • Reporting and Analysis: Support preparation of monthly reporting packs and understand key underlying business trends to support continuous financial and operational improvement.

  • Tax Compliance: Support the tax team with timely VAT return submission and payment requests.

  • Joint Venture Management: Preparation of Monthly accounts for the JV entities and submission of Quarterly VAT returns.

  • Working Capital Management: Daily stock movement reconciliation and working capital management.

  • Annual Audit Support: Support the annual audit process and liaising with external auditors.

  • Vendor Management: Support the Vendor set up and purchasing team on Vendor Master Maintenance.

  • Best Practice Development: To actively participate in driving forward best practice and to provide support and encouragement to the members of the offshore team.

    Requirements



    • A qualified accountant (ACA/ACCA/CIMA or equivalent) with at least 5 years' experience.

    • Experience in Oil and Gas - Financial Accounting preferable.

    • Advanced MS Office skills and experience in SAP R3/ECC is highly desirable.



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