Management Accountant
Northgate Public Services
Total years of experience :16 years, 4 Months
Northgate Information Solutions Limited is a market leader in providing specialist software, outsourcing and information technology (IT) services to the human resources, local government and public safety markets. Job purpose to provide value added reporting and partnering to the business unit Directors and teams.
•Responsible for compiling and reporting with commentary the Consolidated Management Accounts for two business units.(Turnover c£10.4m per annum).
•Ensure monthly reporting, budgeting and forecasting processes are completed efficiently and accurately, control framework and project profitability Resourcing/Utilisation model .
•Providing commercial advice on margin improvement, system improvements across the business to ensure efficiency and margin enhancement.
•Ownership of monthly Forecasting Process for the two business units: Issue and update the Cost Forecasting Models, Attend/present at monthly new business reviews, update revenue forecast and forecast variance Analysis.
•Responsible for posting accounting journals, accruals, Prepayments, Accrued Income and Deferred Income including and impacting Total contract values, Project/Products and services (Revenue), 3rd party suppliers, balance sheet reconciliations and staff costs and overheads(Including contractors
Novelis is the world leader in aluminium rolling, producing an estimated 19 percent of the world's flat-rolled aluminium products. It's the No. 1 rolled products producer in Europe and South America, and the No. 2 producer in both North America and Asia.
Main Responsibilities:
•Working Closely with Financial Director and Controller in the production of Monthly Management Accounts including monitoring and making adjustments to controllable costs versus budgets.
•Preparations of accruals and prepayments as well as ensuring balance sheet reconciliations are reviewed at month end- Tight 4 working day line.
•Monthly sales reconciliation and sales analysis by customer after sales ledger close, using Oracle Financials and bespoke metal management system AS400- Allocate monthly sales to inter-plants via journal postings (£26m).
•Posting of month end period exchange rates in oracle system for the revaluation of Euro and dollar currencies .
Completed within a tight deadline 100 subsidiary accounts for the Integrated Dental Holdings group turnover £350 million.(2 month deadline)
Worked closely with the financial reporting team in the completion and updating of Tax and statutory disclosures using /applying UK GAAP for the legal entities.
Interrogated and analysed a complex deconsolidation model in the completion of Balance sheet, Profit and loss statements.
Group Corporation tax returns and reconciliations completions for external auditors.
Achievements and responsibilities:
Prepared and compiled UK Statutory accounts under UK GAAP and IFRS (14 legal entities) group turnover of £900 million.( 3 month deadline).
Dealt with external auditors regarding consolidated balance sheet and Profit and loss accounts for the group, KPIs for the group.
Fixed asset analysis using SAP Financials.
Monthly duties also included assisting the reporting team in the compilation of management packs to the board.
Main systems used: SAP and Hyperion.
Ensured timely and accurate reporting and reconciliation of companies' financial data for the EMEA business, and assist in several projects.
Consolidation of 7 subsidiaries across EMEA and UK-based business with turnover of £600million
Successfully set up a process for compliance to Head-group reconciliation standards across all EMEA Holts entities. Documented reconciliation process in support of best practices.
On a monthly basis reconciled balance sheet accounts, EMEA rebates for the UK companies including Euro and GBP bank accounts.
Responsible in the preparation of the UK Statutory accounts, Group accounts and Corporation tax pack compilations taking into consideration UK/US GAAP considerations for the Head office and legal entities.
Major contributions were; supervising a team of 3 staff, providing all management accounting services and supporting in delivery of regulatory and statutory reports where responsibilities included:
Effectively run the monthly accounting cycle, month end closure, reversal Journals, accruals and prepayments, and general ledger maintenance.
Maintenance and completion of the quarterly group balance sheet involving capital commitments recorded on SAP system, operating and financial lease payments and interest schedules.
Produced and delivered for manager review the management accounts, regulatory reports( Basel I and Basel II frameworks) and supporting information for institutional clients in accordance with the timetables agreed within the procedures manual.
Quarterly preparation of assets under management/administration for the Bank Group.
•Configured the banking systems as required for products and processes, this included Bonds with more than 10 year maturity
RNIB is the UK'S leading charity offering Information, support and advice to over 2 million people with sight loss. His role was to work with and assist, support the Group Managers, Service Managers, finance and administration teams of regional and national services.
Annual budget monitored expenditure £10.8m and Income £ 5.3m.
Number of service managers supported 12 and Finance officers supported 9.
To assist with the costing of capital expenditure projects for regional and national Services and the monitoring of funding for, and the expenditure of such capital projects
Systems reconciliations using SAP, SUN Accounts
Accounts preparations up to trial balance and balance sheet.
courses: ACCA