Financial Accounting Specialist
3 days ago
A detail-oriented and self-motivated Financial Accountant is required to join a team of finance specialists at Network Contracting on a 3-month contract basis. The role involves maintaining financial records, ensuring accurate reporting, and compliance with relevant regulations.
Main Responsibilities:- Full Financial Function:
- Prepare and maintain accurate financial records, adhering to accounting principles and standards.
- Conduct monthly reconciliations for all balance sheet accounts.
- Manage and process journal entries, accruals, and adjustments.
- Cash Flow Management:
- Monitor and manage daily cash flow requirements to ensure sufficient liquidity.
- Prepare and analyze weekly and monthly cash flow forecasts.
- Budgeting and Forecasting:
- Assist in the preparation of annual budgets and quarterly forecasts.
- Compare actual financial performance against budgets and forecasts, providing variance analysis and actionable insights.
- Payment Processing:
- Process payments accurately and timely through various banking portals.
- Ensure compliance with payment authorization protocols and company policies.
- Maintain accurate records of all payment transactions.
- Financial Reporting:
- Prepare monthly management accounts and financial statements.
- Assist with the preparation of year-end audit files and liaise with auditors during the audit process.
- Systems and Software Management:
- Utilize Xero for financial transactions, reporting, and reconciliations.
- Optimize usage of Xero by automating processes and maintaining system integrity.
- Compliance and Risk Management:
- Ensure adherence to tax regulations, including VAT submissions and statutory compliance.
- Identify and mitigate financial risks related to operational and payment processes.
Requirements:
- Qualification:
- A Bachelor's Degree in Accounting, Finance, or a related field is required.
- Experience:
- A minimum of 3 years' experience in a similar role is essential.
- Proficiency in processing payments through various banking platforms.
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