Job Description

Overview

The Management Accountant plays a crucial role in Westpak, acting as the backbone of the financial operations and ensuring that the company's financial health is maintained and improved. This role produces reliable financial information used by management for decision-making and by external stakeholders for reporting purposes. This role also provides financial insights and analysis to support strategic decision-making, budgeting, and operational performance and supports all areas of the business with financial reports and advice.

Duties

1. Financial Reporting

Preparing and presenting accurate monthly financial statements by work day 5 from EOM. (P&L, balance sheets, cash flow statements). Ensuring compliance with accounting standards and regulatory requirements. Analysing financial data to provide insights and recommendations to senior management.
2. Budgeting and Forecasting

Developing, managing, and monitoring the company's annual budget. Conducting financial forecasting to project future revenues, expenses, and financial performance. Identifying variances between actual and budgeted results and advising on corrective actions.
3. Internal Controls and Compliance

Establishing and maintaining internal controls to safeguard company assets and ensure accurate financial reporting. Managing audits, both internal and external, to validate financial processes and controls.
4. Cash Management

Overseeing the company's cash flow to ensure sufficient liquidity for operational needs. Overseeing accounts payable and receivable, ensuring timely payments and collections. Optimizing working capital and advise if short-term financing is needed.
5. Financial Analysis and Strategy

Analyse financial performance, key metrics, and trends to inform business decisions. Produce management reports, dashboards, and presentations for department heads. Assisting in strategic planning by providing financial insights and projections.
6. Team Leadership and Development

Leading and managing the accounting team, including training, and performance management. Ensuring the team adheres to best practices and stays up-to-date with changes in accounting standards and regulations.
7. Tax Planning and Compliance

Work with external accountants to implement tax saving initiatives. Assist external accountants with accurate filing of tax returns.
8. Cost Control and Expense Management

Monitoring and controlling company expenses to optimize profitability. Implementing cost-saving initiatives and identifying areas where costs can be reduced.
9. Risk Management

Identifying financial risks and implement measures to mitigate them. Ensuring adequate insurance coverage and compliance with financial risk policies.
10. Financial Systems and Process Improvement

Overseeing the implementation and maintenance of financial software and systems. Continuously improving accounting processes to enhance efficiency and accuracy.

Experience

Bachelor's degree in Accounting, Finance, Economics, or related field. Professional accounting qualification preferred (e.g., ACA, ACCA, CIMA). 2-5 years of experience in management accounting, financial planning & analysis, or business finance. Strong understanding of financial management, budgeting, and forecasting. Proficient in Microsoft Excel and financial systems (e.g., Sage, SAP, Microsoft BC, NetSuite, or similar).
This role provides an engaging environment for professionals committed to excellence in financial management.

Job Types: Full-time, Permanent

Pay: 50,000.00-55,000.00 per year

Benefits:

Discounted or free food Free parking On-site parking Profit sharing Work from home
Experience:

Financial accounting: 3 years (required)
Work Location: Hybrid remote in Orpington BR5 3QY