Management accounting
For all allocated Group companies:
- Review and approval of allocated purchase invoices, ensuring amounts and GL coding's are correct and the VAT treatment is compliant.
- Complete the monthly and year-end close processes within Sage, covering all ledgers and production of all required reports.
- Preparation of management accounts comprising all management accounting journals, month-on-month variance analysis and production of all month-end reports.
- Maintenance and reconciliation of the fixed asset registers, ensuring items are capitalised as appropriate, running depreciation calculations and completion of GL postings.
- Ensuring reconciliation of balance sheet accounts are carried out on a monthly basis, including all intercompany accounts and agreeing control accounts to sub-ledgers.
- Produce reporting packs for Joint venture partners.
Other Responsibilities
For all allocated Group companies:
- Support the annual audit process, preparation of supporting schedules and reconciliations as required. Production of audit files and tax packs in accordance with the audit timetable.
- Ensure VAT compliance on an ongoing basis for both sales and purchase ledgers through review of sales and purchase invoices.
- Preparation of quarterly VAT returns, submission within statutory deadlines.
- Preparation of annual service charge budgets and balancing reconciliations for commercial and residential property.
- Arranging payments as required, including supplier payments, VAT due, intercompany loan drawdowns and repayments, deposit account transfers, and entity distributions.
Success Measures:
- Management and Financial accounts are produced accurately and submitted within Group reporting deadlines.
- Amendments required on review of management accounts are minimalised.
- Monthly balance sheet reviews are performed and reconciled to the TB.
- Purchase invoices are reviewed and approved on a timely basis.
- VAT returns submitted on a accurate and timely basis.
- Service charge budgets and balancing reconciliations are completed and issued to tenants within statutory deadlines.