Management Accountant

Job title:

Management Accountant

Company

The Royal Society

Job description

Job ScopeReporting to the Financial Reporting Manager, the team of four Management Accountants are business partners to the budget holders of the Society and support the organisation to make informed decisions by providing meaningful analysis of financial data on both a regular and ad-hoc basis. This includes preparing month end management accounts, supporting the budget holders with their annual budget and quarterly forecast submissions, and effectively managing the Society’s funds.Reports to: Financial Reporting ManagerLine manages: N/ALocation: Carlton House Terrace, London, SW1Y 5AG plus hybrid remote workingPay Band: ESalary: £57,700 per annumContract type: PermanentHours: 35 hours per week (full time)Closing date: 19 May 2024, 23:59pmInterview dates: first round week commencing 27 May 2024.ResponsibilitiesBusiness Partnering

• To build and maintain rapport with the Society’s budget holders.
• Analyse financial performance and contribute to business planning.
• Challenge on efficiency and determine how value can be added.
• Communicating complex financial information to finance and non-finance colleagues.
• Advising and training colleagues on good budget management.

Management Accounts, Budgeting and Forecasting

• To take responsibility for the inclusion and transaction of regular month end accruals, prepayments, adjustments and charges to ensure a timely and accurate close of accounts.
• To prepare monthly, quarterly and annual financial reports and ensure these reconcile to the data contained within the chart of accounts.
• To work with the Financial Reporting Manager, to provide accurate and timely annual budgets and quarterly forecasts for all sections of the Society.
• To manage the Society’s funds, ensuring the income and costs are charged accurately and in line with the terms of grant agreements or other contracts.

Systems and processes

• Continuously seeking to improve systems and processes, including assisting in activities associated with projects to implement new systems and/ or processes.
• To support the Finance Team to improve the financial reporting capabilities of the Society, including in relation to restricted funds and donor requirements.
• To produce procedure notes for new processes developed within the finance section.

General

• To prepare reconciliations of key accounts on a monthly/quarterly basis as appropriate and investigate and resolve issues as necessary.
• To maintain the Society’s nominal ledger and take responsibility for ensuring nominal codes are allocated and used correctly.
• To take responsibility for the filing, storage and archiving of all material relating to Management accounts, including all nominal ledger journals.
• To provide necessary support to the Financial Reporting Manager in the delivery of section objectives, including providing cover within the Finance team and providing information required as part of external and internal audit reviews.
• To carry out any other ad-hoc duties as determined by the Financial Reporting Manager or Head of Finance.

Key Knowledge and Skills RequiredEssential

• CCAB qualified or part qualified equivalent with significant experience
• Experience of management accounting, budgeting, project accounting and working in a multi-funder environment
• Autonomous and proactive approach to working and robust analytical skills
• Excellent communication and interpersonal skills including ability to communicate financial information clearly to non-finance users both in writing and orally
• Ability to work accurately and to deadlines, including under pressure and to work co-operatively with others in a team
• Proficient with Microsoft Office, including advanced Excel skills

Desirable

• Experience in the not-for-profit/ charity sector and knowledge of fund accounting
• Experience of working in external or internal audit
• Knowledge of Xledger

CompetenciesSelf-management· Identifies difficult situations· Recognises stress in others and takes steps to reduce it· Controls pressurised situations· Effectively enthuses those in the team· Proactively sets goals and targets for own work· Works within the Royal Society Values at all timesWorking with others· Actively seeks ideas and criticisms from within the team· Resolves conflicts within and between teams· Embeds feedback processes within the team· Seeks out new networks that will create opportunity for the Society· Able to present complex issues simply· Uses discretion, tact and empathy when negotiating with and/or seeking to influence others· Understands the need to manage expectations and to only promise what is deliverableResource management· Determines strategy and deployment of resources, balancing cost and benefit; risk and potential for maximum impact across significant business areas· Manages complex cross-cutting projects to time, budget and specification· Ensures others accept responsibility towards results or quality· Sets the quality standards for own business areas in accordance with strategy and contributes to the formulation of quality standards across the Society· Sets and monitors priorities· Identifies and manages risk effectivelyCritical thinking· Uses questioning, analytical and probing skills to ‘dig deeper’· Knows when enough information has been obtained and adapts presentation of information to the needs of the audience· Evaluates the benefits, practicalities and value for money of ideas and obtains feedback· Makes sound decisions in a complex or ambiguous environment and is able to gain support and manage challenges confidentlyAdaptability· Actively seeks the input and opinions of others, often outside his/her section and accommodates and incorporates this thinking into any output.· Actively seeks new challenges and projects; leads discussions surrounding new ideas, approaches and projects· Anticipates need for innovation and seeks new ideas, approaches and solutionsManaging people and relationships· Sets expectations of others and ensures they deliver· Demonstrates a positive attitude towards work, celebrating success and instilling confidence, which encourages the same from others· Encourages others to share ideas and participate in the discussion and decisions of the team· Assesses needs of clients/stakeholders/staff and makes plans to meet these needs

Expected salary

£57700 per year

Location

London

Job date

Sat, 20 Apr 2024 05:39:42 GMT

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