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For Companies At a Glance
- Tasks: Manage cost accounting processes and ensure accurate month-end reporting.
- Company: Join Schroders, a global investment manager with over 200 years of experience.
- Benefits: Enjoy a supportive community in Horsham with FTSE 100 company perks.
- Why this job: Be part of a dynamic team focused on continuous improvement and innovation.
- Qualifications: Part qualified accounting experience and strong systems skills required.
- Other info: Diversity and inclusion are key values; all backgrounds welcome.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Who we\’re looking for
We need someone that can take responsibility for delivering a range of processes which make up the cost accounting services. You will need to work closely with other members of the team to ensure accurate accounting for costs and completion of the month end close process. It will also be necessary to develop relationships with Finance Business Partners, FP&A Financial Analysts and the Accounting and Control teams to enable accurate accounting and reporting of costs.
You\’ll be part of our Cost Accounting team which will be responsible for the accounting outcomes of our non-compensation (supplier) cost process. The team will work alongside the purchases and payables teams to ensure that cost accruals, prepayments and fixed assets are accounted for in accordance with accounting policies.
The successful candidate must be able to understand the key drivers of cost and understand the end-to-end cost processes.
About Schroders
We\’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we\’ve been around for over 200 years but keep adapting as society and technology changes. What doesn\’t change is our commitment to helping our clients, and society, prosper.
The base
At Schroders, we\’re known for doing things differently. That\’s why we\’re building a home for the ambitious in Horsham, West Sussex. You\’ll get the all the benefits of being part of a world-leading FTSE 100 company. But you\’ll also get the support of being part of a genuine local community. If you\’re looking for opportunities that match your ambitions, you\’ll find them right here in Horsham.
What you\’ll do
- Perform accounting processes for costs to ensure that they are captured in the correct legal entity, cost centre and nominal account and that in each month there is completeness and accuracy for all types of cost.
- Ensuring cost accruals and prepayments are correctly recorded. Booking adjustments to these if required.
- Providing commentary on cost trends.
- Operating the fixed assets accounting process. The main responsibilities are (i) capitalisation of fixed assets including ones which are developed as part of a technology or buildings relate project, (ii) disposal of fixed assets and (iii) monthly depreciation process.
- Performing balance sheet reconciliations for cost accruals, prepayments and fixed assets accounts.
- Operating processes which allow Schroders to recover certain costs from our funds.
- Ensure month end deadlines are met and provide necessary reporting to other stakeholders.
- Reviewing aging of accruals and prepayments, fixed asset impairments reviews and following up on queries after month end process.
- Continual process improvement and assessing opportunities for automation.
The knowledge, experience and qualifications you need
- Part qualified accounting experience (or equivalent)
- Proven ability to continuously improve processes and adopt new technologies / ways of working.
- Strong systems skills including use of an ERP system (general ledger and subledgers).
- A successful record of performing accounting processes in a large organisation.
- Excellent verbal and written communication skills with a broad range of stakeholders.
- Capable of remaining positive when under pressure.
The knowledge, experience and qualifications that\’ll help
- German or French speaker would be beneficial in this role.
We recognise potential, whoever you are
Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought facilitated by an inclusive culture will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer: you are welcome here regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background or any other protected characteristics.
About Us
We\’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we\’ve been around for over 200 years, but keep adapting as society and technology changes. What doesn\’t change is our commitment to helping our clients, and society, prosper.
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Cost Accountant - UK - 89A employer: Schroders
Contact Detail:
Schroders Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Accountant - UK - 89A
✨Tip Number 1
Familiarise yourself with the specific cost accounting processes mentioned in the job description. Understanding how cost accruals, prepayments, and fixed assets are managed will give you an edge during interviews.
✨Tip Number 2
Network with professionals in the finance sector, especially those who work in cost accounting. Engaging with current employees at Schroders or similar companies can provide insights into their culture and expectations.
✨Tip Number 3
Brush up on your ERP system skills, as strong systems knowledge is crucial for this role. Consider taking a short course or tutorial to enhance your proficiency in relevant software.
✨Tip Number 4
Prepare to discuss examples of how you've improved processes in previous roles. Highlighting your ability to adopt new technologies and streamline operations will resonate well with the hiring team.
We think you need these skills to ace Cost Accountant - UK - 89A
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Cost Accountant at Schroders. Highlight your relevant experience in cost accounting processes and your ability to work with various stakeholders.
Tailor Your CV: Customise your CV to reflect the skills and experiences that align with the job description. Emphasise your part-qualified accounting experience, systems skills, and any process improvement initiatives you've led.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention specific examples of how you've successfully managed cost accounting processes and improved efficiencies in previous roles.
Proofread Your Application: Before submitting, carefully proofread your application materials. Ensure there are no spelling or grammatical errors, and that your documents are clear and professional. A polished application reflects your attention to detail.
How to prepare for a job interview at Schroders
✨Understand Cost Accounting Fundamentals
Make sure you have a solid grasp of cost accounting principles and practices. Be prepared to discuss how you would ensure accurate accounting for costs and the month-end close process.
✨Showcase Your Communication Skills
Since you'll be working closely with Finance Business Partners and other teams, demonstrate your ability to communicate effectively. Prepare examples of how you've successfully collaborated with various stakeholders in the past.
✨Highlight Process Improvement Experience
Discuss any previous experiences where you've improved accounting processes or adopted new technologies. This will show your potential employer that you're proactive and capable of driving efficiency.
✨Be Ready for Technical Questions
Expect questions related to ERP systems and accounting software. Brush up on your technical skills and be ready to explain how you've used these tools in your previous roles.
