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- Tasks: Lead financial accounting, reconciliation, and reporting for a dynamic client in Kensington.
- Company: Join iPeople SC Solutions, a forward-thinking recruitment agency focused on connecting talent with opportunity.
- Benefits: Enjoy a structured work schedule, professional development, and the chance to make a real impact.
- Why this job: Be part of a team that values accuracy and integrity while enhancing your financial expertise.
- Qualifications: Must be a CCAB Qualified Accountant with strong knowledge of accounting principles and council budget processes.
- Other info: Working hours are Monday to Friday, 09:00 – 17:00, perfect for balancing work and study.
The predicted salary is between 43200 - 72000 £ per year.
iPeople SC Solutions is currently recruiting for a Principal Financial Accountant to work for our client based in Kensington and Chelsea and surrounding areas.
The successful post holder will handle a range of financial accounting, reconciliation, and reporting responsibilities in areas of Financial Reporting and Controls.
The successful post holder will lead the closing of the client’s annual accounts by internal and statutory deadlines and ensure a successful audit in their areas of responsibility.
Duties & Responsibilities (not exhaustive):
- Monitor balances on AR, AP, Payroll, and GL codes against SAP reports, identify, and resolve discrepancies promptly.
- Review reconciliation submissions from finance teams to ensure accuracy and proper supporting documentation, raising standards as needed.
- Implement CIPFA FM Code requirements, including quarterly reporting of key balance sheet items to the Leadership Team.
- Produce and present statistical performance reports on balance sheet reconciliations at FMT and FOG, monitoring improvements over time.
- Train staff on reconciliation processes and year-end schedules to ensure all balances are justified and correctly accounted for.
- Prepare the year-end Balance Sheet with detailed analysis of variances and supporting documentation.
- Reconcile monthly business rates and council tax cash income and refunds between SAP and Civica, supporting the Financial Management Collection Fund.
- Complete various governmental and non-governmental returns, including WGA, RO, QRO, CR, CO, and ad hoc reports.
Requirements:
- CCAB Qualified Accountant
- Extensive knowledge of accounting principles, policies, and practices
- Strong understanding of the council’s budget processes and financial regulations
Working hours: 09:00 – 17:00, Monday – Friday
If interested, please apply with your CV.
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Principal Financial Accountant - London - Job - iPeople SC Solutions Limited employer: iPeople Solutions
Contact Detail:
iPeople Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Principal Financial Accountant - London - Job - iPeople SC Solutions Limited
✨Tip Number 1
Familiarise yourself with the specific financial regulations and budget processes relevant to local councils. This knowledge will not only help you in interviews but also demonstrate your commitment to understanding the role.
✨Tip Number 2
Network with professionals in the financial accounting field, especially those who have experience working with local councils. They can provide insights and potentially refer you to opportunities within their organisations.
✨Tip Number 3
Prepare to discuss your experience with SAP and other financial reporting tools during interviews. Highlight any specific projects where you successfully resolved discrepancies or improved reconciliation processes.
✨Tip Number 4
Consider brushing up on your presentation skills, as you'll need to produce and present statistical performance reports. Being able to communicate complex financial information clearly will set you apart from other candidates.
We think you need these skills to ace Principal Financial Accountant - London - Job - iPeople SC Solutions Limited
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in financial accounting, reconciliation, and reporting. Emphasise your CCAB qualification and any relevant roles that demonstrate your understanding of accounting principles and practices.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the responsibilities listed in the job description. Mention your experience with annual accounts, audits, and any familiarity with SAP or similar systems to show you’re a great fit for the role.
Highlight Relevant Skills: In your application, focus on skills that are crucial for the role, such as attention to detail, analytical abilities, and experience in training staff. Use specific examples from your past work to illustrate these skills.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which are essential in financial roles.
How to prepare for a job interview at iPeople Solutions
✨Know Your Numbers
As a Principal Financial Accountant, you'll be expected to have a strong grasp of financial principles. Brush up on key accounting concepts and be ready to discuss how you've applied them in previous roles.
✨Demonstrate Leadership Skills
Since the role involves leading the closing of annual accounts and training staff, prepare examples that showcase your leadership experience. Think about times when you successfully guided a team through complex financial processes.
✨Familiarise Yourself with Relevant Regulations
Understanding the CIPFA FM Code and other financial regulations is crucial. Be prepared to discuss how you have implemented these in past positions and how they impact financial reporting and controls.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills, especially regarding discrepancies in financial reports. Prepare scenarios where you've identified and resolved issues effectively, demonstrating your analytical abilities.
