Finance Manager
1 week ago
My client is seeking a full-time Finance Manager to work out of the London office. The Finance Manager is responsible for managing the full set of accounts, AR & AP, for the four legal entities and consolidations.
Responsibilities:
Accounts Receivable Functions
Ensure timely and accurate invoicing to customers
Coordinate with internal groups (Sales, Client Services, Legal) to resolve issues and ensuring billing accuracy
Review sales contracts to ensure accurate billing
Research account disputes and billing discrepancies
Lead monthly calls to review revenue performance and forecasts with Client Services and CFO Subsidiary Finance
Prepare monthly revenue reports and review process, including monthly revenue accruals and analyzing all variances. e.g. support revenue recognition process and , provide doubtful debt provisioning for month-end close process
Prepare and monitor A/R ageing report and follow up with customers on payments
Liaison with the business on relevant credit control of aged A/R
Liaison and interaction with other Subsidiary Finance units on best practice and assistance as required
Accounts Payable Functions
Ensure that the payment approval of invoices are sought in accordance with the authorization matrix
Ensure accurate coding of expenses and recording of such expenses
Check the reimbursement of staff claims and record corporate credit card expenses to the appropriate GL (pending automated solution)
Prepare intercompany invoices as per services agreements in place
Process payments for invoices, staff claims and payroll on a timely basis
Monitor bank balances and manage payment funding
Assist in the preparation of quarterly VAT/GST filing
Manage monthly accruals where needed
General
Work with remaining external bookkeepers until activity transitioned in-house to Finance Manager
Manage month end close process including consolidation and reporting as well as performing bank and intercompany reconciliation, preparation of schedules and dashboards
Manage external auditors and all related audit work and schedules
Liaison with external bookkeepers in 2 territories until these have been run off
Running the monthly 12 month rolling forecast, annual budget processes and involved in 3 year planning
Analyze business drivers’ variances on monthly basis
Perform Financial Statement Account Ownership on monthly basis
Update and align policies and procedures with the Group where required (minimum annual review)
Propose and monitor products and strategies to ensure maximisation of cash returns and to reduce exposure to risks e.g. fixed deposit placements and FX hedging
Manage administration accesses on banking portals including application for banking products and update mandates when necessary
Provide assistance to Tax team for any tax provisions and payments on a quarterly basis
Experience and Skills:
The ideal candidate for this position will have roughly of 3-6 years post-qualified accounting and/or auditing experience
Knowledge of revenue recognition accounting principles and billing procedures
Strong communication, problem solving, and analytical skills required
Skilled in Microsoft Excel
Previous experience of OCR an advantage
Bachelor’s Degree in Finance, Accounting, or Business is required
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