Junior Management Accountant
Description
Do you want to work to make Power for Good?
We're the world's largest independent renewable energy company. We're guided by a simple yet powerful vision: to create a future where everyone has access to affordable, zero carbon energy.
We know that achieving our goals would be impossible without our people. Because we're solving some of the world's toughest problems, we need the very best people to help us. They're our most important asset so that's why we continually invest in them.
RES is a family with a diverse workforce, and we are dedicated to the personal professional growth of our people, no matter what stage of their career they're at. We can promise you rewarding work which makes an impact, the chance to learn from inspiring colleagues from across a growing, global network and opportunities to grow personally and professionally.
Our competitive package offers rewards and benefits including pension schemes, flexible working, and top-down emphasis on better work-life balance. We also offer private healthcare, discounted green travel, 25 days holiday with options to buy/sell days, enhanced family leave and four volunteering days per year so you can make an impact somewhere else.
Job Purpose
The UK & I Asset Management department is a growing team whose sole purpose is to deliver financial support services under Management Service Agreements (MSAs) across multiple clients owning renewable assets under management including onshore Wind Farms, Solar Farms and storage farms.
The team is effectively an outsourced finance business partnership, which amongst many other services includes delivering on the following key tasks for each portfolio: monthly management accounts with comparisons and analysis to budget, cashflow forecasts, distribution calculations, annual budget preparation, bank loan compliance, financial statement preparation including audit process management and tax return oversight. It is essential that a strong control environment and professional scepticism is maintained throughout the team and processes and procedures are robust, well documented and are constantly monitored.
The business continues to grow rapidly which therefore requires an individual that can quickly adapt to changes in priorities and ensure that an allocated portfolio of legal entities always receives the quality service that they have come to expect.
The AM Finance department is managing over 150+ Companies and a team size of 22 across 12 clients. There is now, a need for an additional junior management accountant in the team who will be responsible for the day-to-day financial activities of a number of the legal entities ( 12+ operating assets, Holdings co.s) as and when allocated to them under their perimeter, with regular reporting to internal stakeholders and external clients. The successful candidate will be responsible for the financial tasks from start to finish with minimum supervision, ensuring monthly management accounts are completed on time (including cash flows, prepayments, accruals, journal posting, reporting etc.) with a focus on providing excellence to our clients. In addition, the management accountant is responsible for ensuring statutory accounts are prepared in a timely manner and ensuring compliance with IFRS, FRS 101 and FRS 102 standards interacting with internal finance team members, operational managers, external auditors and external clients. They may also be required to support and assist the current Management Accountants in case of adhoc or special projects, holidays, absences or other short-term needs.
The role could be primarily based from either of the offices.
Organisational Context
The Asset Management department looks after wind farms, solar and storage plants in the UK and Ireland on behalf of the clients. The services include technical, financial, and commercial asset management. Within this department, the finance team is in charge of commercial, financial and statutory compliance to lenders and asset owners (internal and third party) and provides support to the wider Asset Management team.
Key Accountabilities
- Preparation of monthly management accounts including all journal postings;
- Preparation, manage and deliver cash flow forecasts by liaising with internal asset managers and clients;
- Debtor management for entities;
- Preparation of periodic financial reporting and variance to budget analysis for internal and external clients on a timely and accurate basis;
- Preparation and submission of periodic VAT returns for entities;
- Assist in the preparation of annual budgets and quarterly forecasts;
- Assist in preparation of statutory accounts and annual audit for SPV companies in IFRS, FRS 102 or UK GAAP, including consolidated sets of accounts;
- Assist with on boarding of new projects into the asset management portfolio;
- Supporting continuous improvements to accounting and reporting processes together with the wider Finance and ERP Development teams;
- Supporting regular queries from the operational business;
- Executing additional tasks to meet changing business needs and departmental objectives;
- Business Partnering with respective asset managers for internal reporting and providing information requested in a timely manner;
Knowledge you will need
- Strong accounting knowledge;
- Understanding of both management and statutory accounting.
- Some knowledge of IFRS, FRS 102, FRS 101 and UK GAAP preferable not essential.
Skills you will need
- Microsoft Excel and accountancy systems skills;
- Excellent technical accounting skills;
- Attention to detail;
- Quick learner – grasp the needs of department very quickly with minim supervision
- Proactive, ‘can do’ attitude, with a focus on continuous improvement of reporting and analysis;
- Good communication skills and the confidence and credibility to communicate to external parties;
- A team player but with the discipline to work autonomously;
- Ability to prioritise and manage multiple tasks and deadlines;
- Good problem solving skills;
Experience you will have
- Experience of monthly, quarterly and annual management accounting routines within a commercial organization.
- Good experience of using an ERP system
- Experience in communicating with non-financial internal stakeholders;
- Some experience in preparation of statutory financial statements preferred but not essential.
Qualifications you hold
- Part Qualified accountant (ACA/ACCA/CIMA)
- Graduate, who is studying to be professional accountant but has experience of working in finance and has studied Accountancy in Graduation.
At RES we celebrate difference as we know it makes our company a great place to work. Encouraging applicants with different backgrounds, ideas and points of view, we create teams who work together to solve complex problems and design practical solutions for our clients. Our multiple perspectives come from many sources including the diverse ethnicity, culture, gender, nationality, age, sex, sexual orientation, gender identity and expression, disability, marital status, parental status, education, social background and life experience of our people.
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