Assistant Accountant in Newcastle upon Tyne

The Assistant Accountant is responsible for documenting finance functions including accounts payables/receivables, receipts/payments, cashflow, reconciliations, general ledger transactions, P&L, and Balance sheet including management accounts. Working within a small finance team.

Lawson Fuses specialises in the design, development, and manufacturing of low voltage, High-Rupturing Capacity (HRC) fuse links and fuse holders. Sold direct and via distributors, applications include electric/electronic capital equipment, utilities, renewable energy, and domestic households.

Lawson Fuses is a business that is going through a period of exciting change. The company has factories in India and the UK and specialises in the design, development, and manufacture of HRC low voltage fuses. Lawson Fuses is part of Lucy Group, which is a diversified international group spanning several sectors including secondary power distribution, smart lighting, low voltage fuses, and real estate.

The role of Finance Team Member is critical in documenting and reconciling transactions, including receipts/payments, overall transactional finance operations with some P&L/Balance sheet reporting and transactional analysis.

Key Accountabilities:

• Day to day responsibility for financial transactional processing, including supplier invoice input, reconciliation journals, supplier relationship management, and credit control.
• Ensure that financial transactions are carried out in a timely and cost-effective manner, adhering to group financial policies.
• Perform three-way matching PO/GRN/Invoices, resolving any issues identified.
• Input supplier invoices daily, reconcile statements, and credit notes in line with supplier and internal expectations.
• Raise and allocate payments made, ensuring unallocated payments are reviewed and cleared in good time.
• Monitor supplier/customer accounts and liaise with the business, highlighting due dates upcoming and payment profiles.
• Manage DPO (Days payables outstanding) within forecasted cash balances, resolving invoicing queries with appropriate departments and suppliers.
• Review aged AP, AR, Debit notes, Goods Received Not Invoiced, Purchase orders outstanding and clear where possible.
• Support the preparation of monthly management accounts (P&L/Balance sheet), including prepayments/accruals and reconciliations.
• Obtain, maintain, and report GL historical data to allow strategic decisions to be made by the Financial Controller & Leadership team.
• Perform reconciliations, including investigation and resolution of variances.
• Daily spreadsheet updates, cashflows, and banking transactions.
• Support the Financial Controller by providing data to be included within forecasts/quarterly business reviews/medium term plans/budgets and other analysis.
• Undertake any other duties that may fall into the job criteria including providing holiday cover across the department.

Qualifications:

• AAT qualified or equivalent standard, with opportunity to progress with further qualifications.
• Ideally, part/newly qualified in a finance related/recognised accounting qualification.
• Minimum 5 years’+ experience in finance function, preferably within an SME.
• Good understanding of Microsoft 365/D365.
• Working knowledge of Excel spreadsheets.

Job Specific Skills:

• Ability to make decisions within defined procedures and use initiative.
• High attention to detail and accuracy skills.
• Excellent communication skills.
• Extremely organised and a multi-tasker.
• Experience in reconciliations and accounts maintenance.
• Experience in working with various Finance and ERP systems.

Behavioral Competencies:

• Driven by solutions with a positive approach.
• Determined & motivated.
• Flexibility & creativity.
• Strong team player who is supportive and strives for success for themselves and their team.

Values: Demonstrate and live by our values: We support and respect each other. We collaborate. We continually improve. We ‘can do’.

Does this sound interesting? We would love to hear from you. Our application process is quick and easy. Apply today!