At a Glance
- Tasks: Deliver timely management accounts and prepare budgets for effective business performance.
- Company: Join a dynamic construction finance team focused on accuracy and collaboration.
- Benefits: Gain real ownership early with opportunities for professional growth.
- Other info: Work in a supportive environment with excellent career advancement potential.
- Why this job: Make an impact in a vital role that shapes financial decisions.
- Qualifications: Newly qualified or finalist CIMA, ACCA or ACA with strong Excel skills.
The predicted salary is between 40500 - 49500 £ per year.
Job Description
The Management Accountant is central to how ACT understands its performance.
The role covers two things: delivering accurate, timely management accounts across all three divisions, and preparing the budgets, forecasts and cash position the Head of Finance and directors use to run the business.
Construction finance brings its own challenges - WIP and CVRs, retentions, CIS and VAT reverse charge - and you'll be working with them every month.
We're looking for a newly qualified or finalist accountant who wants real ownership early, holds the same standard in the numbers that we hold on site, and builds honest, constructive relationships with Heads Of and QS teams.
Job Description
The Management Accountant is central to how ACT understands its performance.
The role covers two things: delivering accurate, timely management accounts across all three divisions, and preparing the budgets, forecasts and cash position the Head of Finance and directors use to run the business.
Construction finance brings its own challenges - WIP and CVRs, retentions, CIS and VAT reverse charge - and you'll be working with them every month.
We're looking for a newly qualified or finalist accountant who wants real ownership early, holds the same standard in the numbers that we hold on site, and builds honest, constructive relationships with Heads Of and QS teams.
Job Requirements
Essential
- Newly qualified or finalist CIMA, ACCA or ACA
- Hands-on experience of month end close, accruals, prepayments and balance sheet reconciliations
- Strong Excel, including building and maintaining forecast models
- Able to explain numbers clearly to non-finance colleagues and challenge directors and QS teams constructively
- Be self-motivated and highly organised
- Be able to work to strict deadlines
Desirable
- Construction or contracting experience, in house or with contractor clients in practice: retentions, CVRs and WIP, CIS, VAT reverse charge
- Experience with Xero
- Exposure to Procore or a similar project system
- Experience preparing audit schedules
- Job Responsibilities
- Month End and Management Accounts
- Run the close calendar and checklist, chasing inputs from Commercial, Procurement and Payroll so the close starts on time.
- Deliver divisional and group management accounts with variance commentary by WD5, for Head of Finance review.
- Prepare accruals, prepayments, recharges, and CIS and VAT clearing reconciliations.
- Prepare bank and balance sheet reconciliations monthly, keeping a reconciling items log reviewed at each quarter end.
- Support WIP and revenue recognition from CVRs alongside the Commercial team.
- Budgets and Overhead Control
- Prepare the annual overhead budget and quarterly re-forecasts, agreeing budget lines with each Head Of.
- Issue monthly department packs by WD6, after a second-person check.
- Maintain an unbudgeted spend log and flag overspends to budget owners as they happen, not at month end.
- Forecasting and Cash
- Maintain the 13-week cash forecast using inflow inputs from Commercial.
- Track forecast accuracy month on month and explain the gaps.
- Model scenarios against the agreed cash floor for the Head of Finance and directors.
- Controls and Audit
- Operate cut-off, period locks and journal authorisation in line with segregation of duties.
- Prepare audit schedules and supporting files for the external accountants and auditors.
- Keep process notes current so any part of the close can be picked up by someone else.
- Business Partnering
- Produce cost reports for the QS teams and help them read and act on the numbers.
- Be the first point of contact for budget holders on their figures, explaining clearly and challenging constructively where spend or forecasts don't add up.
- #J-18808-Ljbffr
Management Accountant in London employer: ACT Developments London
ACT Developments London is an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation in the high-end residential sector. With a strong emphasis on employee growth, we provide ongoing training and development opportunities, ensuring our team members can advance their careers while contributing to meaningful projects. Located in the heart of London, our company culture promotes work-life balance and inclusivity, making it an ideal place for professionals seeking rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Management Accountant in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like ACT Developments London. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Management Accountant in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to ACT Developments London.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on ACT Developments London's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at ACT Developments London
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with ACT Developments London.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at ACT Developments London will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former ACT Developments London employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
