Financial Accountant, London

Job Summary

Reference: 387002047
Job Type: Permanent
Location: London
Salary: 50000 per annum
Date Posted: 11/24/2016

Job Description


My client is a dynamic new London-based property developer with responsibility for the development and regeneration of Greenwich Peninsula, one of the largest single-developer sites in Europe and effectively comprising what will be a new community of over 15,000 homes, plus offices, retail and infrastructure. The company is privately owned by Hong Kong-based shareholders but with a management and operational team based on site in Greenwich. It currently has approximately 60 staff and controls annual development expenditure of circa 300m. They are currently looking at recruiting a financial accountant to come on board and work within the finance team which currently stands a 7 people.

Duties include:

Quarterly profit and loss and Balance Sheet reporting for the entire development to the Head of Finance (including reconciliations of separate project entities)

Provide quarter-end variance analysis between actual and forecast

Prepare annual statutory accounts for all project entities and Group Consolidation, including complete balance sheet reconciliation and profit and loss confirmation

Direct liaison with external auditors for year-end audit (31 March), preparation of the audit files and responding to audit queries until accounts are finalised

Preparation of tax figures for statutory accounts and tax returns and liaison with external tax advisers.

Preparation of reports for the Greater London Authority (GLA) as required under project-specific agreements (monthly project costs and annual GLA return)

Preparation and submission of quarterly group VAT return

Work with the Project Accountant to manage Accounts Payable (AP) and Accounts Receivable (AR). Authorising and coding invoices, purchase orders, reviewing sales invoice requests and budget re-allocation requests

Checking and signing off Finance Assistant's journals

Project WIP account reconciliation and ensuring all costs are allocated to correct cost codes

Bank reconciliations

Review of the GL for all project entities for completeness and accuracy

Journal posting: WIP adjustments, VAT journals, monthly payroll journal, cash and reservation deposit journals etc as required

Financial control over project payments, ensuring all payments are documented and signed off in line with internal controls

Review BACS/CHAPS payments prepared by Finance Assistant and processing CHAPS/BACS payments through Barclays BIB for twice-monthly pay runs and ad hoc payments

Regular review of bank transactions with the Finance Assistant to ensure any cash transactions (e.g. receipts, bank fees) are identified and journaled on a timely basis

Reconciliation of sales receipts per solicitors' completion statements to amounts banked and making the associated bookkeeping postings

Liaise with Finance Director to set annual overhead and office budgets. Review these costs on a monthly basis with analysis and commentary of actual costs versus budget

Actively build and maintain strong relationships with non-finance colleagues

Responsible for opening and closing of financial periods, creating new nominal accounts, setting up new companies and VAT groups and testing new functions

Running the year-end close process in Access GL system

Setting up new employees in the system (with relevant settings and holiday entitlements) and provide training on the processes within Focal Point system

Review of Group's solicitors' monthly proposed billing spreadsheet and liaison with solicitors' representative to confirm monthly fees to be billed

Actively build and maintain strong relationships with non-finance colleagues

Think that this exciting opportunity is for you? please get in touch asap!!!

Candidates must be eligible to work in the UK full time without restriction.

Due to the high volume of applications we receive it is not always possible to respond to unsuccessful applicants. Therefore if we have not responded to your application within five days please assume that on this occasion your application has not been successful.

Contact Lawrence Molyneux via phone 0207 430 5570