At a Glance
- Tasks: Manage overseas accounts, VAT returns, and ensure compliance across the Four Marketing Group.
- Company: Join a leading fashion wholesale and retail business in the heart of London.
- Benefits: Enjoy 21 days annual leave, generous discounts, and a pension scheme.
- Why this job: Be part of a dynamic finance team in a vibrant industry with global reach.
- Qualifications: Experience in finance/accounting and strong attention to detail required.
- Other info: Opportunity for career growth and to make an impact in the fashion world.
The predicted salary is between 36000 - 60000 £ per year.
Four Marketing was founded in 1997 and has since grown into one of the UK’s most influential 360° fashion wholesale, design, and retail businesses. From our bespoke 45,000 sq ft location in London’s dynamic King’s Cross quarter, we’re deeply rooted in the very heart of the UK’s fashion scene and well connected to reach a global fashion audience.
Purpose of the Role
The Financial Accountant is an integral part of the busy Finance team, with sole responsibility for overseas statutory accounts, bank postings, VAT returns, compliance and key balance sheet reconciliations across the group. The main role covers all entities within the Four Marketing Group.
Responsibilities
- Banking and bank reconciliation
- Ensure timely posting of all banking entries across the Group
- Multi-currency bank reconciliation of the Group’s bank accounts
- Month end reconciliation of bank subledger to GL
- Perform month-end reconciliations between the bank subledger and the general ledger
- Process intercompany payments and allocate entries to the correct invoices
- Subsidiary statutory accounts
- Prepare annual statutory accounts for overseas subsidiaries
- Liaise with overseas accountants and respond to queries relating to statutory accounts
- Reconcile reserves between the ledger and statutory accounts
- Coordinate documentation and signatures required for accounts and tax filings
- Budget
- Prepare the annual budget for overseas tax advisor fees and other related costs
- Complete and submit budget templates to the MI team
- Corporation tax
- Work with auditors regarding quarterly corporation tax payments on account
- Compliance
- Ensure all compliance obligations are met, including property tax payments and ad-hoc US reporting requirements
- Manage Avalara compliance, including registering in new US states as needed
- Setup and oversee Netherlands compliance requirements (e.g., INTRASTAT-Arrivals setup)
- Support UK VAT audits
- UK VAT Returns
- Run, process and check all UK VAT reports on the system
- Reconcile to VAT returns and spot check entries
- Submit VAT returns via MTD and reconcile to balance sheet
- Ensure payments are processed and posted
- Reconcile VAT to turnover quarterly
- Overseas VAT Returns
- Run, process and check all VAT reports on the system
- Work with local external accountants for European VAT returns – seven entities
- Support Fiscal Representative and OSS reporting in the Netherlands, including Intrastat and EC Sales filings
- Work with local external accountants for monthly US Sales Tax returns – five states
- Ensure all payments are processed and posted correctly
- Maintain strong working relationships with overseas accountants
- Reconcile GL, turnover and settlement accounts
- Other
- Prepare P11D for submission to payroll provider
- Manage E-invoicing compliance
- Monitor costs and raise purchase orders, particularly for overseas accountants’ fees
- Manage and respond to the Group tax and treasury email inboxes
- Support for annual audit as required
- Assist with Balance Sheet reconciliations (including but not limited to: Store Takings, Ecommerce debtors, VAT/ Sales Tax), Bank and Customer cards
- Provide cover for other Finance personnel
- Any other reasonable duties as directed by line manager
- Managing two members of staff
Benefits
- 21 days annual leave entitlement, plus bank holidays each year
- Generous staff discount across a variety of brands
- Auto-enrolment into the company pension scheme
- Cycle-to-work scheme
- Charity time-bank scheme
- Ability to purchase additional annual leave
Financial Accountant employer: Four Marketing Limited
Contact Detail:
Four Marketing Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Accountant
✨Tip Number 1
Network like a pro! Reach out to people in the finance industry, especially those who work at Four Marketing or similar companies. A friendly chat can open doors and give you insider info that could help you stand out.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of overseas statutory accounts and VAT returns. We want you to show off your expertise and how you can tackle the specific challenges of the role!
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can leave a lasting impression and shows your enthusiasm for the role. Plus, it keeps you on their radar.
✨Tip Number 4
Apply through our website for the best chance of landing that Financial Accountant role. It’s the easiest way for us to see your application and get you into the mix!
We think you need these skills to ace Financial Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Financial Accountant role. Highlight relevant experience, especially in banking, compliance, and VAT returns. We want to see how your skills match what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about finance and how you can contribute to our team. Keep it concise but engaging – we love a good story!
Showcase Your Attention to Detail: As a Financial Accountant, attention to detail is key. In your application, mention specific examples where your meticulous nature has made a difference. We appreciate candidates who take pride in their work!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss any important updates. Plus, it’s super easy!
How to prepare for a job interview at Four Marketing Limited
✨Know Your Numbers
As a Financial Accountant, you'll be dealing with a lot of figures. Brush up on your knowledge of financial statements, VAT regulations, and multi-currency transactions. Be prepared to discuss how you've handled similar responsibilities in the past.
✨Research the Company
Get familiar with Four Marketing's role in the fashion industry. Understand their business model and how the finance team supports it. This will show your genuine interest and help you tailor your answers to align with their goals.
✨Prepare for Technical Questions
Expect questions that test your technical skills, especially around bank reconciliations and statutory accounts. Practise explaining complex concepts in simple terms, as this will demonstrate your communication skills and ability to work with non-financial colleagues.
✨Showcase Your Team Spirit
Since you'll be managing two members of staff, highlight your leadership experience. Share examples of how you've fostered teamwork and collaboration in previous roles, as this is crucial for maintaining strong relationships within the finance team and with overseas accountants.