Finance Manager - London, United Kingdom - Simply 360 Search Ltd

Simply 360 Search Ltd
Simply 360 Search Ltd
Verified Company
London, United Kingdom

1 week ago

Tom O´Connor

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Tom O´Connor

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Description

Our client, an innovative global medical research business that thinks out of the box, has an opening for a Senior Finance Manager to join their Finance team based close to Liverpool Street on a 4 month FTC basis.


The Senior Finance Manager is a pivotal role in the Finance Team, managing a variety of financial processes, with particular emphasis on financial accounting and ensuring timely group submissions, as well as acting as support to the Finance Director, producingthe management accounts and updating models, and supporting project financials and systems (with Operations).

You will be responsible for junior member(s) of the (small) Finance team.


KEY RESPONSIBILITIES
Financial Accounting

  • Ensure that all financial records are accurate and up to date at all times
  • Owns and leads monthend close process with a key focus on accurate revenue recognition and robust project accounting
  • Overseeing day to day administration of sales and purchase ledger
  • Overseeing Bank reconciliations ensuring key controls are maintained and balances investigated
  • Overseeing monthly processing and payment of consultants' expenses to ensure settled promptly, there is appropriate backup and costs are recharged where possible
  • Calculation of accrued/deferred WIP schedules to ensure robust revenue recognition
  • Soft close revenue update to Finance Director
  • Calculation of month end accruals & prepayments ensuring that all costs are provided for in line with UKGAAP
  • Monthly balance sheet review including balance sheet reconciliations
  • Monthly reconciliation of intercompany balances (supported by the Accounts Assistant)
  • Monthly performance of intercompany recharges
  • Clear communication of deadlines and requirements to Finance and the wider team
  • Develop and maintain strict working capital processes to minimise accrued income and maximise cash position
  • Periodic cash flow reports
  • Ensure costs are appropriately coded and charged back to the client wherever possible
Management Accounting

  • Produce robust and timely set of management accounts for the entity
  • Maintain visibility and accuracy of key departments e.g. Cost of Sales & Sales, General and Administration and costs are apportioned accurately
  • Anticipate requests for financial information and ensuring appropriate levels of granularity are maintained
  • Develop cost centre analysis ensuring FD has a clear and up to date view of spend
  • Investigate unexpected variances in income/expenditure
  • Assistance with budget preparation
  • Roll forward the budget Excel pack and develop to suit current/future business needs
Group Reporting

  • Submission of accurate monthly group reporting pack in line with group deadlines
  • Product Corporation Tax computation back up accurately (annual)
  • Review and submit monthly treasury report for FX exposure
  • Draft backlog report for FD to review, and add comments
Project Accounting

  • Provide guidance on and respond to invoicing queries e.g. currency and POs that cross multiple projects, where needed
  • Assisting Project Leads with project management tasks in CMAP/project management system with Business Operations Project Manager
  • Ensure WIP and CMAP are updated with any contract amends, change orders and final reconciliations
  • Proactively participate in discussions to identify, communicate and address financial issues
  • Supervision of the Finance Assistant to ensure accurate and timely client and reconciliation billing
Account and Client Finance

  • Monitor, track and report client rebates/ discounts/ statements and credits in line with service level agreements.
  • Share a PO report exception report and chase PMs re: outstanding POs
  • Communicate professionally, swiftly and proactively with the client, having oversight of all elements of sales invoicing, credit control and purchase ordering
  • Liaison with Account Teams to close reconciled jobs, ensuring that the process is completed on time, and that any residual balances are dealt with
  • Works closely with Operations to ensure the integrity of information in CMAP
  • Support business/PM ownership of project financials
Finance and Excellence Training

  • Train new and existing account teams on financial processe
Payroll & Benefits

  • Liaise with HR Business Partner and Rewards team on pay and benefits
Year-end/Audit

  • Ensure the monthly financial processes are completed diligently and comprehensively so that at year end information is up to date and easily available
  • Proactively prepare and consolidate information required by auditors
  • Ensure accurate closing position by reviewing the estimated time to complete projects and restating revenue %s if required
  • Roll forward of internal reporting pack with new budget figures
  • Rolling forward Sage implementation
  • Maintain a positive relationship with auditors
  • Develop and maintain financial controls
Other

  • Other ad hoc requests from the Finance Director as required
  • Support key projects e.g. integration of other businesses and systems implementation
  • Assistance with nonroutine requests eg. gender pay gap, Sunday Times Best Companies
  • Banking (online)
  • Proactive upward communication of issues and providing solutions. Support development of no surprises culture


Ideally you be a fully qualified Accountant (CIMA, ACA, ACCA or equivalent) with 2 years PQE ideally within a previous medical communications/consulting agency.


  • Strong communication skills (verbal and written) and understands the value of effective communication with the team
  • Excellent organisational/project management skills. Manage incoming workload effectively for the finance team and maintain standards of excellence
  • Effective team player and approachable with excellent interpersonal skills
  • Demonstrable experience of managing a finance function/team
  • Line management experience
  • Revenue recognition and WIP accounting experience
  • Group Reporting experience
  • Multicurrency experience
If this sounds like you then please send us your CV now
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