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Management Accountant

Ernest Hathaway Associates Limited
Job LocationLondon
EducationNot Mentioned
Salary£33,000 - £38,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

Job Title: Management AccountantReports to: Chief AccountantHours: 09.00 - 17.30Job Type: PermanentPackage: Full Study support + generous bonusLocation: Central London (initially working remotely)Description:My client, a prominent FTSE 250 shipping group based in central London, is seeking a talented part-qualified Mangement Accountant to take full accounting responsibility for a small fleet of vessels and to also support the Group Reporting Accountants in the production of the Group monthly management accounts.Responsibilities:The Management Accountant will be allocated a fleet of vessels and their main responsibilities will include:

  • Preparation and monitoring of fleet’s weekly and monthly cash flows.
  • Maintaining each vessel’s fixed asset schedule including recording of capital expenditure, Drydock expenditure and ensuring relevant depreciation in accordance to Group Accounting policies.
  • Preparation of subsidiary group consolidations and management reports.
  • Assisting with the preparation of statutory accounts under IFRS.
  • Subsidiary group budgeting and cash flow forecasting.
  • Accounting for prepayments and accruals in relation to insurance premiums and administrative expenses.
  • Reconciling Charter Hire for each period and analysing each vessels’ revenue.
  • Regular reconciliations of Balance Sheet accounts including bank reconciliations, inter-company reconciliations and other control accounts.
  • Assisting with preparation of technical accounting memos.
  • Liaising with technical department and third party vessel managers on matters including but not limited to: monthly reports/accounts for each vessel, budget discussions, actual/budget variance analysis, cost allocations, insurance claims and funding. Month end: Reviewing of Trial Balances for each company to ensure accuracy before they are submitted to the Group Reporting Accountant.
  • Preparation of year end reporting packs and liaising with external auditors
  • Systems: being the Administrator for the accounting system (Sun) by setting up new companies, nominal accounts, uploading annual budgets etc.
  • Assisting with ad hoc projects as may be required by the Chief Accountant /Group Reporting Accountant.
    • Key skills/attributes required:
  • A personal drive to succeed and an ability to prioritise tasks effectively so as to meet the goals of the team within agreed deadlines;
  • Currently studying to achieve a professional accounting qualification;
  • Able to work as a member of a team, supporting colleagues and developing good working relationships;
  • Good written and verbal communication skills;
  • Attention to detail;
  • Good interpersonal skills and an ability to communicate confidently with all levels of management and staff.
  • Preferably ACCA part qualified (maximum 9 out of 14 papers)
  • Or AAT qualified (minimum level 3) / CIMA part qualified
    • Experience:The ideal candidate is preferred to have a minimum of two years experience working in an accounting function within the shipping industry.IT Packages:
  • Excel
  • Word
  • Microsoft Outlook
  • Sun
    • Required skills
  • Accruals
  • Fixed Asset
  • Prepayment
  • Statutory Accounts
  • Variance Analysis

    • Keyskills :
    Accruals Fixed Asset Prepayment Statuty Accounts Variance Analysis

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