Financial Accountant

  • Location:

    London, England

  • Sector:

    FMCG & Retail

  • Job type:


  • Salary:

    £250 - £350 per day

  • Contact:

    Elizabeth Price

  • Job ref:


  • Published:

    about 1 year ago

  • Duration:

    3-4 months

  • Expiry date:


  • Start date:


  • Consultant:

    Lizzie Price

I'm currently recruiting for a Financial Accountant to join a retailer for 3 - 4 months.

Key responsibilities of the Financial Accountant:

Fixed Assets and Capital Expenditure:

* To maintain the fixed asset register by accounting for additions, disposals, calculating depreciation, and reconciling to the nominal ledger
* Deliver suite of fixed asset reports on a monthly, quarterly and yearly basis
* To monitor, review and analyse capital expenditure. This includes review and reporting of on-going projects, analysis of closed projects versus original specifications & budget, and improving and bringing deficiencies to the overall capital expenditure process
* As part of the Annual Tax Computation, to maintain and prepare capital allowances

Month End:

* Ownership of monthly trial balance and balance sheet
* Prepare monthly manual journal review and commentary
* Business partnering with multiple cost centres including Shop Development, HQ, Shop Repairs & Maintenance, Insurance, Electricity & Gas, and Merchandising for Management Accounts
* Monthly P&L reviews and Business Opportunities & Risks of the above cost centres
* Prepare monthly VAT and Gift voucher reconciliations
* Review all UK and International cash reconciliations
* Review petty cash and shop float reconciliations
* Prepare the concession sales accrual and the loan interest accrual
* Perform detailed credit card analysis and the monthly accrual
* Perform monthly and year to date Sales reconciliation and provide commentary
Tax and VAT
* Prepare and submit the periodic VAT returns for multiple international countries and keeping abreast of any changes in local requirements
* Prepare and submit branch accounts and corporation tax returns including liaising with professional service providers to ensure submission deadlines are met
As part of the Financial Accounting team your tasks will include the following areas but not limited to:
* Prepare statutory accounts
* Responsible for managing and overseeing interim and year-end audit and liaising with external auditors
* Manage the forward contract revaluation gain/loss
* Work closely with the Financial Accounting Manager/Financial Controller on all areas of statutory accounts across UK and internationally, year end, audit queries, tax and VAT

Cash Banking:

Oversight of all cash and banking activities including but not limited to:
* Manage, coach and mentor the Banking & Assistant Financial Accountant
* Maintaining the Bank mandates and cash business processes
* Transnational relationship with external banks and cash couriers
* Ensure shop banking procedure documents are kept updated and are followed by the shops

They are looking for candidates who have strong Management Accounts, year end reporting, tax, VAT and CAPEX experience.


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