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.
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Management Accountant 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
✨Tip Number 1: Tap Into Professional Networks
The finance world loves a good connection, so jump into industry-specific groups on platforms like LinkedIn where you can find discussions on financial controlling. Engaging in these communities can expose you to hidden job leads that aren't openly advertised!
✨Tip Number 2: Attend Finance Events and Conferences
Make it a mission to attend finance-related events and conferences, even virtual ones! This is a golden opportunity to network face-to-face with people from companies like ACT Developments London. You never know who might be your next boss or a crucial contact!
✨Tip Number 3: Showcase Your Expertise
Consider writing articles or sharing insights related to financial controlling or industry trends. Publish these on platforms like LinkedIn to establish yourself as a knowledgeable player in the field. This not only increases your visibility but also catches the attention of recruiters from ACT Developments London.
✨Tip Number 4: Apply Directly on Company Websites
Since you're going for a full-time gig, don't forget to keep an eye on the careers page of companies you're interested in, like ACT Developments London. Many companies prefer candidates who apply through their website as it shows genuine interest and makes your application stand out!
We think you need these skills to ace Management Accountant
Some tips for your application 🫡
Show Off Your Numbers Game:In financial controlling, detail is everything! Make sure your CV showcases your proficiency with numbers—highlight any relevant experience in budgeting, forecasting, or working with financial software. Quantifying your past achievements will make you stand out, so don’t be shy about flaunting those impressive percentages or cost savings you've implemented.
Tailored Cover Letter is Key:Your cover letter is a chance to shine, especially for a full-time role. Use it to express your genuine interest in ACT Developments London and the specific impact you hope to make in financial controlling. Mention any relevant qualifications or experiences that align with the company’s goals, and don’t forget to show that you're ready for a long-term commitment!
Certifications Matter:List relevant certifications such as ACCA or CIMA on your CV. These qualifications not only showcase your dedication to the field but also your technical competence in financial principles. If you have any ongoing training or courses, make sure to mention those as well to demonstrate your commitment to continual learning in financial controlling.
Don’t Overlook Soft Skills:While numbers are crucial, so are those soft skills! Financial controllers need strong communication and analytical reasoning abilities. We recommend embedding examples of these skills in your CV and cover letter, like how you’ve successfully delivered financial reports to stakeholders or collaborated with teams to improve processes. Let’s show ACT Developments London how you can be a team player!
How to prepare for a job interview at ACT Developments London
✨Brush Up on Technical Skills
Make sure you're comfortable with key financial concepts, especially around forecasting, budgeting, and variance analysis. Sometimes, interviewers may throw in technical questions or case studies, so practicing these types of scenarios will help you shine!
✨Showcase Your Financial Acumen
If you've had experience with specific financial software like SAP or Oracle, make it known! Be ready to discuss how you used these tools to improve processes or reporting, as this hands-on knowledge can really set you apart in a full-time role with ACT Developments London.
✨Know Your Numbers
In full-time interviews, especially in financial controlling, be prepared for numerical reasoning tests or questions. Brush up on your mental maths and understand how to interpret and analyse financial statements on the spot, as this may come up during the assessment.
✨Connect with Company Goals
Familiarise yourself with ACT Developments London's financial objectives and any recent developments. During the interview, try to weave your understanding of their business model and challenges into your answers—this shows your genuine interest and alignment with their goals!
