Management Accountant

Telford College; Telford; On-site; GBP 30,000 - 40,000; Full time

Job summary

An educational institution in Telford is seeking a Finance Officer to oversee month-end management accounting and financial reporting processes. This role involves preparing accounts, managing budgets, and ensuring compliance with accounting standards. The ideal candidate will have strong analytical skills, proficiency in accounting software, and experience in financial forecasting and reporting. This position offers an opportunity to contribute to the college's financial performance and collaborate across departments to enhance financial supports.

Qualifications

• Experience in month-end management accounting processes.
• Ability to produce accurate financial forecasts.
• Strong analytical capabilities for financial reporting.

Responsibilities

• Assist in the preparation of monthly management accounts.
• Manage the month-end close process and produce reconciliations.
• Produce insightful narrative commentary for financial variances.

Skills

Cash flow reporting and management

Computerised accounting systems

High level of analytical skills

High level of computer literacy (MS Excel/Word)

Ability to identify opportunities for improving efficiencies and enhancing value for money

Job description

Reporting directly to the Finance Manager, this role is responsible for delivering accurate and timely month-end management accounting processes. You will play a key part in supporting the College’s financial reporting and forecasting requirements, contributing to the effective management of financial performance across the organisation.

Key responsibilities include the preparation and posting of accruals and prepayments, producing pay and non-pay management accounts with supporting narrative, and completing the College Financial Forecasting Return (CFFR) on a monthly basis. You will ensure that financial information is robust, reliable, and supports informed decision-making.

The role also contributes to the development of an effective, cross-College finance service, working collaboratively with colleagues to promote consistency, efficiency, and high-quality financial support across all areas of the organisation.

KEY RESPONSIBILITIES

• Assist in the preparation of monthly management accounts including posting of accruals, prepayments and journal entries to ensure accurate financial reporting.
• Manage the month-end close process including production of Balance Sheet reconciliations.
• Undertake continuous review and monitoring of ledgers to ensure accuracy, completeness and compliance with financial controls
• Produce clear and insightful narrative commentary for pay and non-pay variances, highlighting key trends, risks and opportunities.
• Produce accurate forecasting of income, expenditure and cashflow supporting proactive financial decision making.
• Support the Finance Manager in preparing documentation for financial statements / external auditors / internal audit ensuring compliance with accounting standards and funding body requirements.
• Responsibility for the monthly updating of the College Financial Forecasting Return (CFFR) ensuring alignment with the management accounts and compliance with DfE requirements.
• Lead on the payroll process including production of accurate pay forecasting/modelling through liaison with Human Resources.
• Assist with project accounting tasks as required to facilitate the financial evaluation and monitoring of strategic initiatives across the College.
• Assist with Capital Grants ensuring financial compliance and submissions where required.
• Contribute to the annual College budget process including preparation of budget templates and consolidation of departmental budgets.

SKILLS AND EXPERTISE

• Cash flow reporting and management
• Computerised accounting systems
• High level of analytical skills
• High level of computer literacy (MS Excel/Word)
• Ability to identify opportunities for improving efficiencies and enhancing value for money