At a Glance
- Tasks: Support financial decision-making and promote long-term financial health for the organisation.
- Company: Join a dynamic finance team in a reputable educational institution.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for growth and leadership in a collaborative finance department.
- Why this job: Make a real impact on financial strategies while developing your career in finance.
- Qualifications: CCAB qualified or part qualified accountant with management accounts experience.
The predicted salary is between 37354 - 39700 £ per year.
To combine financial, analytical and management skills to provide support to the Assistant Director of Finance & Estates and Senior Management Team with decision making and promoting long term financial health of the business. To ensure compliance with the Financial Regulations and Procedures to meet all relevant audit and statutory requirements.
Key Responsibilities
- To work with Budget Holders and the Assistant Director of Finance & Estates to develop budgets in line with strategic plans.
- To prepare draft consolidated monthly management accounts, including commentary, analysis and explanation of variances from budget and any abnormal income or expenditure.
- To ensure that all accruals and prepayments schedules are up to date at every month end and lead on issuing and ensuring the month end timetable is followed and staff keep to key deadlines set.
- To review the management accounts with the Assistant Director of Finance & Estates offering insights and analysis into nominal activity and produce final management accounts.
- To assist in the production of user‑friendly budget holder reporting ensuring timeliness, relevancy and accuracy.
- Assist budget holders to manage their budgets through monitor performance and providing financial advice and guidance as required.
- To develop and implement procedures to ensure capital costs in revenue are identified and work with the Technical Accountant to ensure correctly accounted for each month end.
- Review the monthly sales ledger and purchase ledger aged debtors listing and put in place actions to ensure the timely payment of suppliers and the raising of income due from tuition fees through monthly reconciliation of the EBS system.
- To comply with audit and statutory requirements, in line with the college's financial regulations and procedures and which reflect best practice.
- To develop and implement innovative financial systems, controls and procedures using latest technologies that reflect best practice in the sector, meet audit requirements and ensure cost effective deployment of staff.
- To ensure the accurate and timely recording and processing of general ledger transactions such as accruals, prepayments, deferrals, recharges etc. and that all transactions are appropriately authorised in line with college procedures and audit requirements. Ensure all control accounts are reconciled monthly excluding bank, fixed assets, loans and VAT.
- To ensure timely processing of the payroll payments and other associated payments (e.g., pensions, NI etc.) including the reconciliation of all control accounts and accurate allocation of individual costs. Liaise with HR staff to ensure the accuracy of individual payments in line with budget and staffing approvals.
- Support the Assistant Director of Finance with the payroll budget setting process and ensure that systems are in place and monitored on a monthly basis to reforecast budgets and provide accurate forecasting of payroll.
- To liaise with auditors and provide assistance, support and access to relevant and appropriate information, records and files. To implement all audit recommendations within agreed timescales.
- To provide guidance and training to all College staff on financial procedures and budget holder responsibilities and other related queries. To ensure the provision of a finance function that supports College activities e.g., enrolment.
- To provide leadership and direction including performance management of staff involved with the sales and purchase ledgers.
- Working closely with the Senior Finance Officer, providing support and cover as may be required.
- Any other duties of a similar level of responsibility as may be required.
Skills, Knowledge and Expertise
Qualifications
- Essential Criteria: CCAB qualified accountant with a significant amount of experience in management accounts, budgeting and performing bank reconciliations gained from working in a large complex organisation. Part qualified accountant with considerable experience in a similar role will be considered.
- Desirable Criteria: Management qualification.
Experience
- Essential Criteria: Strong track record of effective staff performance management within a busy finance department. At least 3 years' experience in a similar role. Experience of balance sheet reconciliations and nominal analysis. Ability to manage and prioritise team workload to meet deadlines and audit requirements. Experienced at producing the monthly management accounts and statutory financial statements.
- Desirable Criteria: Education sector although all sectors considered including the private sector.
Specialist Knowledge
- Essential Criteria: Experience of developing systems and procedures for financial ledger input, control and reconciliation. Experience of preparing monthly management accounts. Experience of producing timely and accurate financial management information for key stakeholders and staff at all levels. Investigation of anomalies and variances.
- Desirable Criteria: Experience of VAT processing and returns. Fixed asset and depreciation calculation and recording. Practical experience of credit control procedures and debt recovery. SORP in Education.
IT Skills
- Essential Criteria: High level of Excel skills to intermediate or advanced level. Experience of implementing financial software systems.
Management Accountant in Belford employer: Hopwood Hall
Hopwood Hall is an excellent employer, offering a dynamic work environment in Middleton where creativity and innovation thrive. As a part-time Immersive Learning Content Designer, you will benefit from a supportive culture that prioritises professional development and collaboration, while contributing to cutting-edge educational projects that enhance learning experiences. With a focus on employee growth and the integration of advanced technologies, this role provides a unique opportunity to make a meaningful impact in the field of digital education.
StudySmarter Expert Advice🤫
We think this is how you could land Management Accountant in Belford
✨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 Hopwood Hall. 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 Belford
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 Hopwood Hall.
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 Hopwood Hall'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 Hopwood Hall
✨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 Hopwood Hall.
✨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 Hopwood Hall 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 Hopwood Hall 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.
