Due to maternity leave we are seeking a Financial Accountant for a 12 month contract to join our team of 8 within Finance reporting into the Head of Financial Control based from our UK Head Office working Mon to Fri 8.30 – 5pm with free parking, 25 days holiday and benefits package. We offer an annual salary up to £42k with a bonus paid annually on top of salary based on company performance. We are an international engineering and manufacturing company with sites and clients worldwide and are well established and stable with a good staff retention rate and excellent working environment. We have a £30m company turnover, with group consolidation in multiple currencies and offer a modern and forward thinking working environment.
The Financial Accountant will be responsible for producing the company’s annual statutory financial statements and tax schedules including the Patent Box and large company Research and Development relief calculations. Bringing together monthly entity ‘Flash’ reports into a consolidated report for review by senior management. Reviewing and preparing, as required, company VAT returns and other tax information. Carrying out key tasks of the company’s treasury function.
To undertake key activities in the annual statutory accounts process. This includes preparing the year end consolidated balance sheets and profit and loss accounts, collating all information for the notes to the accounts, preparing directors’ emoluments schedules and liaising with the external auditors throughout the process.
To manage the corporation tax process, ensuring annual returns and quarterly tax payment workings are prepared accurately and submitted on time. Also, to provide general tax guidance and advice to ensure compliance for the UK entities; this may involve research into other jurisdictions in which the companies operate, e.g. Norway and India.
To generate an annual Research and Development tax claim and annual Patent Box claim, seeking to gain significant tax savings using knowledge and analysis of the business’s financial data.
Preparation and/or review of other periodic returns, such as monthly VAT reporting, monthly EC sales list, annual EP APP5, annual P11Ds and annual PSA.
Preparation of the company Norwegian and Indian corporation tax workings and liaison with the company’s regional tax advisors to ensure compliance in all jurisdictions in which the company operates.
Preparation of Consolidated Group Flash figures within the reporting deadlines. This includes review of Entity information and preparation of supplementary workings for some group companies.
Reconciliation of the monthly Apprenticeship Levy and Cycle to Work (CTW) scheme deductions, including setting up new apprentices on the company levy portal and co-ordinating the monthly VAT invoices for the CTW scheme.
Further tax compliance studies including transfer pricing analysis and Permanent Entity risk review and mitigation.
Manage Innovate Grant financial information, including review of quarterly returns prepared by other departments, managing and overseeing the audit process and providing ad hoc advice to the relevant business functions.
To carry out key tasks of the company’s treasury function, such as preparing a schedule of group cash balances for the Chairman, reviewing foreign currency cash flow forecasts for forward contracts, and preparing hedging and investment options for the Heads of Finance.
To undertake variance analysis of our International overhead expenditure by cost centre, including regular communication, advice and reviews with the cost centre managers. Checking for coding errors and correcting through general ledger journals. Following up on variances to budget and unbudgeted spend. Providing feedback to the Heads of Finance.
To be successful as our Financial Accountant you should ideally be educated to Degree level with an ACCA/ACA qualification. A detailed knowledge of accounting standards and financial statutory requirements with a working knowledge of current UK tax legislation. Understanding of VAT, and Intrastat & EC sales reporting requirements and a knowledge of UK R&D Tax legislation is desirable.
Experience of the preparation of consolidated financial statements (multi-currency) would be an advantage and advanced Microsoft Office skills particularly Excel pivot tables and VLOOKUPs is essential. FRS 102 reporting and implementation would be a bonus too.
We are keen to appoint the maternity cover asap to enable a handover period and so please submit your CV asap for immediate consideration.
Salary: £40k - 44k per year + free parking
Contact: Glen Nash
Telephone: 01276 605000