Management Accountant

Management Accountant

Sheffield Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join a dynamic team as a Management Accountant, overseeing financial transactions and supporting budget management.
  • Company: Be part of a growing SME in Sheffield, known for its success and collaborative culture.
  • Benefits: Enjoy professional development opportunities and a supportive work environment.
  • Why this job: Make an impact with your financial insights while working closely with operations and management.
  • Qualifications: Professional accounting qualification preferred; 3-5 years experience in management accounting required.
  • Other info: Proficiency in Excel is essential; Sage experience is a plus.

The predicted salary is between 36000 - 60000 £ per year.

Elevation Recruitment Group are delighted to be working with a growing and successful SME in Sheffield as they look to bring a new Management Accountant into the team.

The Management Accountant will play a crucial role in supporting the Financial Controller with the day to day running of the finance department including overseeing the financial transactions as well as payroll. You will also work closely with operation stakeholders to help manage budgets and forecasts, track performance and KPIs as well as providing financial insights and analysis to the management team.

Key Responsibilities will include:

  • Prepare monthly management accounts, including profit and loss statements and balance sheets
  • Cash flow forecasting
  • Ownership of cost of sales analysis/ reporting
  • Produce variance analysis and commentary on financial performance, highlighting key trends and issues
  • Provide detailed financial analysis to support business decisions, including pricing strategies, investment appraisals and project evaluations
  • Assist in the development and maintenance of financial models to aid long term business objectives
  • Assist in the preparation of annual budgets and quarterly forecasts
  • Monitor and report on budget performance, identifying areas of concern and recommending corrective actions
  • Analyze cost structures and identify opportunities for cost reduction and efficiency improvements
  • Assist the project accountant in ad-hoc projects, new business cases and initiatives
  • Weekly KPI reporting
  • Maintaining fixed asset register (inc. depreciation)
  • Working collaboratively with operational stakeholders across the business
  • Managing budgets and forecasts with departments
  • Gather financial data and ensure alignment with overall business objectives
  • Present financial information and insights to senior management and stakeholders in a clear and concise manner
  • Processing company payroll
  • Collating timesheet data
  • Overseeing transactions across both accounts payable and accounts receivable
  • Processing journals
  • Accruals and prepayments
    VAT and bank reconciliations
  • Intrastat/ EU reporting
  • Foreign exchange reporting
  • Ensure robust financial controls are in place and adhered to, in line with company policies and regulatory requirements
  • Assist in internal and external audits, providing necessary documentation and explanations
  • Always striving to find better ways of doing things for better efficiencies/ driving continuous improvement
  • Qualifications and Experience:

  • Professional accounting qualification (e.g., ACCA, CIMA, ACA) is preferred although part qualified/ qualified by experience will also be considered
  • Minimum of 3-5 years of experience in a management accounting role
  • Proficient in Microsoft Excel, Sage experience would be desirable although not essential
  • Excellent analytical and problem-solving skills
  • Strong attention to detail and accuracy
  • Ability to communicate complex financial information to non-financial stakeholders
  • Strong organisational and time management skills, with the ability to meet deadlines
  • Proactive and self-motivated with a strong sense of initiative
  • Strong interpersonal skills, with the ability to build effective working relationships
  • What they offer:

  • Competitive starting salary
  • Opportunity for professional development and career progression
  • A supportive and collaborative working environment
  • Auto enrolment pension
  • 23 days holiday + bank holidays
  • Management Accountant employer: Elevation Recruitment Group

    Elevation Recruitment Group is an excellent employer for those seeking a meaningful career in finance, particularly as a Management Accountant in Sheffield. The company fosters a supportive and collaborative work culture, offering ample opportunities for professional development and career progression, while also encouraging employees to drive continuous improvement and efficiency within the finance department.
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    Contact Detail:

    Elevation Recruitment Group Recruiting Team

    StudySmarter Expert Advice 🤫

    We think this is how you could land Management Accountant

    ✨Tip Number 1

    Familiarise yourself with the specific financial software mentioned in the job description, such as Sage. Even if it's not essential, having a basic understanding can set you apart from other candidates.

    ✨Tip Number 2

    Brush up on your analytical skills, especially in preparing management accounts and variance analysis. Being able to demonstrate your ability to provide insights and commentary on financial performance will be crucial during interviews.

    ✨Tip Number 3

    Network with professionals in the finance sector, particularly those who work in SMEs. They can provide valuable insights into the role and may even refer you to opportunities within their organisations.

    ✨Tip Number 4

    Prepare to discuss how you've contributed to cost reduction and efficiency improvements in previous roles. Be ready to share specific examples that highlight your proactive approach and problem-solving skills.

    We think you need these skills to ace Management Accountant

    Management Accounting
    Financial Analysis
    Budgeting and Forecasting
    Cash Flow Forecasting
    Variance Analysis
    Cost Analysis
    Financial Modelling
    Microsoft Excel Proficiency
    Sage Accounting Software Knowledge
    Attention to Detail
    Analytical Skills
    Problem-Solving Skills
    Communication Skills
    Organisational Skills
    Time Management
    Interpersonal Skills
    Financial Reporting
    Regulatory Compliance
    Continuous Improvement

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV highlights relevant experience in management accounting. Focus on your achievements in preparing financial statements, cash flow forecasting, and budget management to align with the job description.

    Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention specific experiences that demonstrate your analytical skills and ability to communicate financial information effectively.

    Highlight Relevant Qualifications: Clearly state your professional accounting qualifications and any relevant certifications. If you are part qualified or have significant experience, make sure to emphasise this in your application.

    Showcase Soft Skills: In your application, highlight your strong interpersonal skills and ability to work collaboratively with stakeholders. Provide examples of how you've successfully communicated complex financial data to non-financial colleagues.

    How to prepare for a job interview at Elevation Recruitment Group

    ✨Showcase Your Technical Skills

    As a Management Accountant, you'll need to demonstrate your proficiency in financial analysis and reporting. Be prepared to discuss your experience with preparing management accounts, cash flow forecasting, and variance analysis. Highlight any specific tools or software you've used, such as Microsoft Excel or Sage.

    ✨Communicate Clearly

    You'll often need to present complex financial information to non-financial stakeholders. Practice explaining financial concepts in simple terms. During the interview, focus on how you can convey insights clearly and concisely, ensuring everyone understands the key points.

    ✨Demonstrate Problem-Solving Abilities

    Employers value candidates who can identify issues and propose solutions. Prepare examples of past experiences where you've successfully tackled financial challenges, improved processes, or contributed to cost reduction initiatives. This will showcase your analytical skills and proactive approach.

    ✨Prepare for Scenario-Based Questions

    Expect questions that assess your ability to handle real-world situations. Think about scenarios related to budget management, financial reporting, or stakeholder communication. Practising your responses will help you articulate your thought process and decision-making skills effectively.

    Management Accountant
    Elevation Recruitment Group
    Location: Sheffield
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