At a Glance
- Tasks: Lead and support the Financial Accounts and Payroll team while producing financial accounts.
- Company: Join a dynamic finance department focused on effective financial control and payroll services.
- Benefits: Enjoy flexible working hours, generous holiday allowance, and a cutting-edge pension scheme.
- Why this job: This role offers growth opportunities, a supportive culture, and the chance to make a real impact.
- Qualifications: Experience in financial accounting and compliance with HMRC requirements is essential.
- Other info: Access professional development support and exclusive employee discounts.
The predicted salary is between 43200 - 64800 £ per year.
Job Title: Principal Financial Accountant Department: Finance Reports to: Head of Finance Direct Reports: Financial Accounts and Payroll team – Financial Accountant, Assistant Financial Accountant, and/or Finance Assistants, Purchase Ledger Supervisor and Payroll Manager Location: Mansfield Contract Type: Permanent We have been given an incredible role by our client who is looking for a Principle Financial Accountant. Main purpose of the job Responsible for the production of the financial accounts, maintaining and effective financial control environment and managing the provision of payroll services. Responsibilities Specific Lead, develop and support the Financial Accounts and Payroll team, whilst building team resilience and developing business continuity plans. Produce financial accounts in accordance with HM Treasury’s FReM (Financial Reporting Manual) and IFRS (International Financial reporting Standards), including primary financial statements, notes to the accounts for the Annual Report & Accounts and DESNZ (Department of Energy Security and Net Zero) group consolidation. Lead and co-ordinate the production of the Annual Report and Accounts. Produce and present Audit & Risk Assurance Committee papers, when required. Ensure all tax matters are compliant with HMRC requirements for PAYE/NI, VAT and Corporation Tax (including CIS – Construction Industry Scheme and DRC – Domestic Reverse Charging). Ensure the operation of a proportionate and effective control environment and the integrity and maintenance of financial records, including: Assessment and implementation of new, or changes to, accounting standards. Maintaining financial policies and procedures. Financial systems are maintained and fit for purpose, including managing the Chart of Accounts. Completion of monthly review and sign-off, incorporating key financial controls, trial balance and balance sheet, audit reports and supporting reconciliations. Cash management. Maintaining financial delegations and segregation of duties. Undertaking approvals in-line with own delegated authority. Effective management and oversight of the Authority’s payroll services. Provide management insight through ad-hoc and monthly reporting. Lead and support continuous improvement initiatives. Build and maintain strong relationships and networks, both internally and externally. Support the co-ordination of both Internal and External Audit. General Strategy To support the development and delivery of short and medium term departmental plans, objectives and budgets. To manage your own performance and maintaining your own personal development plan and be accountable for meeting individual, team and corporate objectives. To identify opportunities and implement change leading to improved processes and procedures, system improvement and demonstrating value for money. To ensure that statutory responsibilities are effectively discharged. To act in accordance with the Scheme of Delegation and ensure propriety and regularity in the handling of public funds. INCREDIBLE BENEFITS A cutting-edge pension scheme with an impressive employer contribution rate of approximately 28.97%. Experience our values-based recognition scheme that celebrates your contributions. Flexibility in working patterns, whether it’s full-time, part-time, or compressed hours. Embrace flexible working arrangements tailored to your needs. Enjoy a generous holiday allowance of 27.5 days annually, plus the flexibility to add 6 extra days to that, alongside 8 public holidays. Benefit from a comprehensive parental leave policy with 26 weeks of full pay (subject to eligibility). Get support to further your professional qualifications and payment for one annual professional subscription. Access a free, confidential Employee Assistance Programme to support your well-being. Unlock exclusive employee discounts Ensure your well-being with an annual health check and receive £15 monthly towards well-being activities. Give Stuart a call on (phone number removed) to be considered or click to apply. Cherry Professional are recruiting for this opportunity on behalf of our client. Please view our Privacy Policy on our website to understand how your data will be used if you apply for this role
Principle Financial Accountant employer: Cherry Professional
Contact Detail:
Cherry Professional Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principle Financial Accountant
✨Tip Number 1
Familiarize yourself with HM Treasury’s FReM and IFRS standards. Understanding these frameworks will not only help you in the interview but also demonstrate your commitment to compliance and financial integrity.
✨Tip Number 2
Highlight your experience in leading financial teams and managing payroll services. Be ready to discuss specific examples of how you've built team resilience and implemented business continuity plans in previous roles.
✨Tip Number 3
Prepare to discuss your approach to maintaining effective financial controls and ensuring compliance with tax matters. This will show your potential employer that you are proactive in managing financial risks.
✨Tip Number 4
Network with professionals in the finance sector, especially those familiar with public sector accounting. Building relationships can provide valuable insights and potentially lead to referrals for the position.
We think you need these skills to ace Principle Financial Accountant
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Principal Financial Accountant position. Make sure you understand the key responsibilities and requirements, especially regarding financial reporting standards and compliance.
Tailor Your CV: Customize your CV to highlight relevant experience in financial accounting, team leadership, and compliance with HMRC regulations. Use specific examples that demonstrate your ability to produce financial accounts and manage payroll services.
Craft a Strong Cover Letter: Write a compelling cover letter that outlines your motivation for applying and how your skills align with the responsibilities of the role. Mention your experience with financial controls and your approach to continuous improvement initiatives.
Highlight Relevant Qualifications: Ensure you mention any relevant qualifications or certifications that pertain to financial accounting and management. This could include ACCA, CIMA, or similar credentials that showcase your expertise in the field.
How to prepare for a job interview at Cherry Professional
✨Understand Financial Reporting Standards
Make sure you are well-versed in HM Treasury’s FReM and IFRS. Be prepared to discuss how you have applied these standards in your previous roles, especially in producing financial accounts and reports.
✨Show Leadership Experience
Highlight your experience in leading and developing teams. Be ready to share specific examples of how you've built team resilience and managed payroll services effectively.
✨Prepare for Compliance Questions
Expect questions about tax compliance and financial controls. Brush up on HMRC requirements for PAYE/NI, VAT, and Corporation Tax, and be ready to discuss how you ensure compliance in your work.
✨Demonstrate Continuous Improvement Mindset
Be prepared to talk about initiatives you've led that resulted in improved processes or systems. Show how you identify opportunities for change and implement solutions that add value.