Accountant (2342-ACCT)

Our client is seeking to recruit an Accountant. The Key responsibilities will include record keeping, management and financial accounting, analysis, budgeting, reporting and ensuring that all corporate accounting, fund accounting, corporate and regulatory reporting requirements.

Responsibilities:

ACCOUNTING:

• Review IFRS compliant multi-currency consolidation financial statements and management accounts and ensure that all financial reports including but not limited to the monthly accounts and the preparation of audit files are prepared accurately and submitted on time on due dates, procedure manuals are adequately prepared and maintained regularly and are at the required standard.
• Ensure compliance with applicable accounting and corporate policies and ensure that entries are recorded in compliance with the policies and accounting standards.
• Implement and ensure adherence to internal control processes.
• Monitor the month-end close and the preparation of month-end management accounts.
• Completion of Quarterly financial statements for UK UCITS funds in line with the UK Standards and SORP.
• Monitor variances on fund TER's.
• Ensure that financial statements are generated for the holding companies, operating companies and all affiliates.
• Interact with external auditors at the time of audit.
• Ensure that all tax submissions are done timely and accurately.
• Ensure controls over Fixed Assets Management and reporting.
• Familiar with a variety of accounting concepts, practices, and procedures.
• Ensure adequate completeness, accuracy, timeliness, accessibility and consistency objectives are met when closing the books and to comply with accounting policies and procedures.
• Ensure that there are adequate internal controls for protection of company assets.
• Identify and recommend necessary changes in financial policies and procedures to optimize effective and efficient reporting.
• Work with the Accounting Team leaders to manage workload and allocation of staff.
• Ensure that there are adequate programs in place for staff training and education.
• Drive process improvement activities.
• Supports recruiting, staffing, training and on-boarding processes as appropriate.
• Supervision over general accounting, property accounting, cost accounting, and budgetary controls.
• Ensure that detailed processes are in place.
• Monitor and manage adherence to the process.
• Review all aspects of the process and not only review the end product.

FINANCIAL REPORTING:

• Submission of accurate and complete Budgets and Forecasts on a monthly basis by the last day of the month.
• Submission of Detailed Cost Analysis Reports with cost analysis projections on a quarterly basis.
• Preparation of Cost Control Reports and Variance Analysis.
• Ensure that Reports are prepared and submitted timeously, are accurate and of high quality.
• Ensure that Monthly, Quarterly, Semi annual and yearly compilation of the financial statements are completed on time.
• Ensure that financial information received from various departments is reviewed and checked before submission to the CEO.
• Ensure that preparation of Monthly Management Accounts with detailed analysis is completed and submitted within the desired deadlines.
• Ensure that reports to the Board Meeting, Audit Committee, Operations Reporting Meeting, Head of Department Meeting and Department meeting are of good quality and accurate and they are submitted on time.

TREASURY:

• Ensure that Cash Budgets and Forecast cash flow positions are prepared on time.
• Maintain banking relationships and negotiate terms with banks under the strict supervision of the Executive Directors.
• Ensure that Capital Adequacy requirements of the various group companies are maintained and perform a detailed review of the calculations and the accuracy thereof to ensure that the group meets its capital adequacy requirements.
• Ensure that sufficient reserves are maintained for short and long term liabilities.
• Prepare analysis of short and long term planning for the liquidity requirements of the group and ensure that a review of future cash flow requirements is based on accurate projections. An Accounting Professional is expected to interrogate the source data and cannot utilise information received from internal sources / departments without verification.
• Ensure that sufficient funds are available to meet ongoing operational and capital investment requirements.
• Maintain a system of policies and procedures that impose an adequate level of control over treasury activities.
• Prepare reports based on multi currency scenarios and recommend the management of currency risk through different exposures.

COMPLIANCE:

• Prepare Annual, semi-annual and quarterly submissions to regulatory authorities in UK and Mauritius.
• Maintain a regulatory submission monitor covering Mauritius and UK.
• Assist compliance department where required.

TAXATION:

• Act as the in-house corporate tax accountant by ensuring that the entities are fully compliant with the relevant tax authorities.
• Prepare the Corporation Tax computations and returns together with supporting schedules in accordance with the required timelines for submission to HMRC and the Mauritius Revenue Authority.
• Assistance with the development of an overall group tax strategy.
• Development of a rolling agenda tracking the key tax risks and opportunities.
• Ensuring that all transactions are at arms length to ensure the company is not exposed to any transfer pricing risks.
• Preparing and submitting tax reports, the tax return, working closely withing the internal review processes and any outsourced provider.

GENERAL:

• Ensure that the processes are automated and where any development is required, coordinate with the relevant departments to achieve that objective.
• Ensure that mapping on various systems is accurate and integration and data sharing is done properly to ensure accuracy and reliance on the data.
• Creating, implementing and monitoring processes and procedures around the creation of monthly forecasts.
• Preparing periodic financial statements, including profit and loss accounts, budgets, cash flows, variance analysis and commentaries.
• Develop and implement finance and accounting procedures and controls.
• Establish and maintain appropriate internal controls.
• Interact with other managers to provide support through financial and management information analysis, reports, and recommendations.
• Monitoring and evaluating financial information systems.
• Establish and implement short- and long-range departmental goals, objectives, policies, and operating.
• Formulating a business plan for the accounting function (including all sub-functions) in order to ensure the effective management of the group.
• Contributing to medium and long-term business planning.
• Advising on the financial implications and consequences of business decisions.
• Ensure records are maintained in accordance with generally accepted auditing standards.
• Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems.

Profile:

• ACCA qualified.
• Good understanding and experience of UK taxation and financial services regulatory framework
• Good working knowledge on Accounting Package (Sage X3, Oracle, Caseware, MDA etc).
• Candidate should have 4- 6 years years of experience of Auditing / Accounting experience.
• Candidate with previous experience in fund management industry will have a distinct advantage over a conventional accountant.
• Candidate with experience in a large multinational environment with a strong focus on management and cost accounting will be suited to this role as well.
• Candidate must have the ability to perform electronic reviews of accounting information and the ability to type reports to management on an ongoing basis.
• Operating in a fully computerised financial accounting environment and know how to ensure the accuracy of Static data on the systems.
• Strong leadership skills.
• Ability to create a network of contacts across various disciplines.
• Mentor, coach and generally support team members.
• Build morale/ personal esteem and generally encourage others to give their best performance.
• Confident and influential.
• Creative and flexible decision making ability.
• Ability to maintain relationships and develop a sense of trust within the team.
• Self-starter with strong problem-solving abilities and attention to detail.
• Create a culture of continuous improvement.
• Honesty and integrity.
• Strong numerical ability.
• Ability to work well under pressure.
• Strong time management skills.
• Evaluate situations and calculate risks whilst justifying and defending quality standards.
• Energetic with the ability to multitask.
• Mature individual capable of functioning in a remote office.