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- Tasks: Drive financial insight and support commercial decision-making for Ongo's diverse business entities.
- Company: Join Ongo, a forward-thinking company committed to community and inclusivity.
- Benefits: Enjoy a competitive salary, professional development, and a supportive work environment.
- Why this job: Make a real impact by providing financial advice that shapes strategic decisions.
- Qualifications: Qualified accountant with experience in finance, especially in the construction sector.
- Other info: We value diversity and encourage applications from all backgrounds.
The predicted salary is between 54000 - 54000 £ per year.
The Commercial Accountant plays a key role in driving financial insight, supporting commercial decision making and monitoring and reporting on the financial health of the commercial entities. The postholder will be the financial point of contact for the business functions of the commercial business within Ongo’s group of companies, which currently consists of Ongo Roofing Limited, Ongo Heating and Plumbing Limited and Trent Valley Electrical Services Limited.
The postholder will lead on all finance matters including financial reporting and financial control for each entity. The role will require the postholder to provide well-informed and considered financial and business advice around strategic decision making to support the organisation in making financially sound choices. The Commercial Accountant will lead on identifying process and system improvements and will collaborate with colleagues across Ongo to introduce any enhancements identified. The role requires engagement with other areas of the finance function, the business at all levels and external partners as required on such matters to provide a first-class service to the Ongo group.
Main Responsibilities
- Commercial insight and decision making
- Through regular contact, and site visits where necessary, develop a strong working relationship with relevant stakeholders within each entity.
- Partner with relevant stakeholders to gain a full understanding of how the component parts of each entity operate in order that accurate financial advice and support can be offered to all.
- To familiarise yourself with the commercial five-year business plans and support the commercial managers to deliver against this plan.
- To effectively communicate financial information in a way that is concise and comprehensible that allows for better decision making.
- To provide accurate and informative financial information to enable strategic decisions to be taken.
- To offer guidance and business acumen to assist in decision making.
- To review financial information, offer an appropriate interpretation and provide critical analysis.
- To recognise where further analysis is required and produce the necessary data and commentary to enable business decisions to be taken.
- To ensure the commercial staff feel supported and challenged on financial matters.
- Process improvements
- To identify any areas where systems or process could be improved.
- To strengthen the effectiveness of existing systems, improve quality and consistency of outputs, introduce efficiencies, obtain best value and to reduce unnecessary workload.
- To work with the commercial managers to maximise the amount of relevant and accurate financial information that can be produced from the software packages in operation.
- To improve the information provided to colleagues, reduce complexity and ensure processes, information and reports are understood by all stakeholders.
- Management accounting
- To gain a full understanding of the drivers of income and expenditure to ensure actual results, year-end forecasts and future years’ budgets are prepared accurately.
- Produce, with the support of a Management Accountant, within ten working days of each month end, accurate monthly management accounts.
- Review inter-group trading and ensure the management accounts reflect an accurate position.
- Monthly statements of cash movements, including comparison with expectations.
- Hold monthly meetings with the commercial managers to discuss the value of work done, costs incurred and resultant profitability on contracts, to include work-in progress.
- Maintain knowledge of current contracts and tenders and their expected outcomes.
- To provide training and guidance to non-finance colleagues to ensure they are aware of and are supported to perform the financial requirements of their roles.
- Budgeting and forecasting
- To produce, with the support of the Management Accountant, monthly reforecasts and annual budgets.
- To produce cash flow forecasts for the current and following year.
- To fully utilise Ongo’s forecasting and budgeting software.
- Work alongside the business to produce 5-year business plans, including scenario modelling and sensitivity analysis.
- Year end
- To assist the Financial Accountant in the preparation of the annual statutory accounts.
- To deal with requests for information from our external auditors as and when required.
- Financial control
- Ensure tasks are completed effectively, using the minimum amount of manual processing to achieve the result required by the business.
- Support the team in educating and helping budget owners acquire knowledge and skills to understand financial processes, budgets and deliverables.
- Support the Accounts Receivable team with managing the debtor position.
Skills, competence, experience required
- Qualified accountant or exceptional qualified by experience, with a high level of understanding of the responsibilities fundamental to the role.
- A minimum of two years’ experience of working within a finance department in the construction sector.
- Demonstrable experience on dealing with medium to long-term contracts, work-in-progress, reporting on cost-plus contracts, and gross profit analysis.
- Experience of identifying and introducing process and system improvements.
- Good interpersonal and communication skills, with ability to communicate effectively with stakeholders at a variety of levels, orally and in writing.
- Highly IT literate, specifically in relation to finance systems and their efficient use and development.
For more about us, visit www.ongo.co.uk. We want our organisation to reflect the communities we serve, and we actively encourage applications from candidates of all backgrounds, particularly those from groups currently under-represented in our workforce. As a Disability Confident Employer, we are committed to creating an inclusive and accessible recruitment process. This means we actively encourage disabled candidates to apply, we work to remove barriers within our recruitment practices, and we guarantee to consider applicants with a disability who meet the essential criteria for the role. If you need any adjustments at any stage of the recruitment process, please let us know. We are happy to support you to ensure you can perform at your best.
Commercial Accountant in Worcester employer: Ongo Recruitment
Contact Detail:
Ongo Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Commercial Accountant in Worcester
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and construction sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by researching Ongo and its commercial entities. Understand their business model and financial strategies. This will help you tailor your answers and show that you're genuinely interested in contributing to their success.
✨Tip Number 3
Practice your financial storytelling! Be ready to explain complex financial concepts in simple terms. This skill is crucial for a Commercial Accountant, as you'll need to communicate effectively with stakeholders at all levels.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re serious about joining the Ongo team and making a difference in their financial operations.
We think you need these skills to ace Commercial Accountant in Worcester
Some tips for your application 🫡
Know the Role Inside Out: Before you start writing, make sure you really understand what the Commercial Accountant role involves. Dive into the job description and highlight key responsibilities and skills. This will help you tailor your application to show how you fit the bill.
Show Off Your Experience: When detailing your experience, focus on relevant roles and achievements that align with the responsibilities mentioned in the job description. Use specific examples to demonstrate how you've successfully handled financial reporting, process improvements, or stakeholder management in the past.
Keep It Clear and Concise: We love a well-structured application! Make sure your writing is clear and to the point. Avoid jargon unless it’s necessary, and ensure your financial insights are easy to understand. Remember, we want to see your ability to communicate complex information effectively.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Ongo!
How to prepare for a job interview at Ongo Recruitment
✨Know Your Numbers
As a Commercial Accountant, you'll need to demonstrate your financial acumen. Brush up on key financial metrics and be ready to discuss how they impact decision-making. Familiarise yourself with the financial health of Ongo and its entities, so you can speak confidently about their performance.
✨Understand the Business
Take time to research Ongo's commercial entities like Ongo Roofing and Trent Valley Electrical Services. Understand their operations and how financial decisions affect them. This will help you provide insightful advice during the interview and show that you're genuinely interested in the role.
✨Prepare for Scenario Questions
Expect questions that ask you to analyse financial scenarios or suggest improvements. Practice articulating your thought process clearly. Use examples from your past experience where you've successfully identified process improvements or provided strategic financial advice.
✨Engage with Stakeholders
The role involves working closely with various stakeholders. Be prepared to discuss how you would build relationships and communicate effectively with non-financial colleagues. Highlight any past experiences where you've successfully collaborated across departments to achieve financial goals.