Financial Accountant

2 weeks ago

Bangor, Gwynedd, United Kingdom Hays Senior Finance Full time

Job Summary: A financial accountant plays a crucial role in an organisation by overseeing and managing its financial accounting processes. This includes recording financial transactions, preparing financial statements, ensuring compliance with accounting standards, and providing financial analysis to support informed business decisions.

Key Responsibilities:

  • Financial Reporting: Prepare and maintain accurate financial records, including journal entries, ledgers, and trial balances. Generate periodic financial statements such as balance sheets, income statements, and cash flow statements.
  • Compliance: Ensure compliance with generally accepted accounting principles (GAAP) and other relevant financial regulations, including tax laws and industry-specific standards.
  • Recordkeeping: Maintain organised and detailed records of financial transactions, receipts, invoices, and other financial documents.
  • Audit Preparation: Assist in the preparation for internal and external audits by providing requested financial documentation and supporting audit activities.
  • Financial Analysis: Analyse financial data to identify trends, variances, and areas for improvement. Provide insights and recommendations based on financial analysis to support decision-making.
  • Budgeting and Forecasting: Collaborate with management in the development and monitoring of budgets and financial forecasts. Help identify potential cost-saving opportunities and financial risks.
  • Reconciliation: Perform regular reconciliations of financial accounts, including bank statements, accounts payable, and accounts receivable.
  • Financial Software: Utilise accounting software and tools to streamline financial processes and improve efficiency. Stay updated on software updates and enhancements.
  • Financial Compliance: Ensure adherence to internal financial policies and procedures, making necessary recommendations for improvements when required.

Qualifications:

  • Bachelor's degree in accounting, finance, or a related field. Part Qualified, or QBE accepted
  • Strong knowledge of accounting principles and regulations, including GAAP.
  • Proficiency in financial software and tools, such as QuickBooks, SAP, or other accounting systems.
  • Excellent analytical and problem-solving skills.
  • Attention to detail and accuracy in financial reporting.
  • Strong communication and interpersonal skills.
  • The ability to work effectively both independently and as part of a team.
  • Understanding of industry-specific financial standards (if applicable).
  • Experience with financial analysis and reporting.

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