Management Accountant

Job description

Job responsibilities

• Team Leadership

To manage Finance Officers for Payables & Lottery, including Volunteers, overseeing their responsibilities which comprise of day-to-day finance processing, ensuring all income and expenditure are processed accurately within set timescales, bank reconciliations across all group bank accounts are processed monthly, and appropriate month end processes are carried out to ensure management information is accurate and in line with accounting policies. To train and develop team members as necessary.

• Monthly Management Accounts: Work collaboratively with peer Management Accountants to produce and review timely monthly management accounts and support budget holders through business partnerships in understanding their financial performance. To thoroughly review the management accounts ensuring the quality of the information being provided and, together, create commentary detailing reason for any material variances to budget and highlighting any risks in achieving budget.
• Financial Analysis and Reporting: Analyse commercial services' financial performance, generate necessary reports outside of management accounts, and provide insights on key performance indicators (KPIs) related to commercial operations. Identify trends, cost drivers, and opportunities for improvement.
• Budgeting and Forecasting: Work collaboratively with the finance team and budget holders to develop, monitor, and revise budgets for commercial services. This involves calculating projected areas of income and cost in more complex business areas, such as lotteries, in line with accounting policy and organisational procedures. Provide input on resource allocation, staffing, and other budget needs based on historical data and projected growth.

• Business Partnering: To business partner with the Commercial and Income Generation teams. Attend and engage in Commercial team meetings with a view to considering current and future plans and any financial implications.

To meet with budget holders monthly to review management accounts, consider performance against budget and support with understanding of financial information.

• Lottery Canvasser Liability

To maintain records of canvasser costs and deferral schedules, reconciling to the balance sheet deferred liability balance and lottery records.

To liaise with the Lottery and ICT BI Team to ensure we receive 6 monthly updates of average life of lottery player, and review calculations for accuracy and consistency. To monitor results in line with current accounting policy and notify Head of Finance and Finance Director if life of player decreases from last reported.

• Year End & Audit: To support Head of Finance with preparation of trading subsidiary statutory accounts, year end preparation and audit process.
• Other: To work closely with colleagues in the Finance team, providing cover in times of absence or stretched resource.

Train team members where appropriate.

Process delegated payroll journals and work collaboratively with Payroll and Pensions Officer. To oversee weekly payment runs, ensuring appropriate authorisation has been sought and being an authorised signatory on bank accounts ensuring payments are made on time and within cashflow constraints.

To undertake other duties as appropriate and when required.

Person Specification

Qualities

Essential

• Proven ability to work off own initiative and as part of a team.
• Flexible to meet organisation demands
• Analytical
• Intuitive and curious
• Professional integrity
• Enthusiastic and positive
• Self motivated
• Copes well under pressure
• Professional
• Team player
• Excellent interpersonal skills and ability to develop strong working relationships

Skills and Knowledge

Essential

• Accountancy knowledge
• Preparation of accounts past Trial Balance

Qualifications

Essential

• CCAB qualified or working towards, or QBE

Desirable

• CCAB qualified

Experience

Essential

• Experience of management accounting, budgeting, forecasting

Desirable

• Background in commercial accounting

Employer details

Employer name

St Helena Hospice

Address

Myland Hall

Barncroft Close

Colchester

Essex

CO4 9JU

Employer's website

https://www.sthelena.org.uk/ (Opens in a new tab)