Financial Controller in London at Haines Watts

Date Posted: 5/20/2020

Job Snapshot

Job Description

Financial Controller

Our client is currently recruiting for a Financial Controller who will be responsible for the day-to-day operations of the financial component of the practice through to preparation of year end accounts for submission to the external reporting accountant. The position will be working closely with the directors on overheads, turnover forecasts, budgeting and staffing. The financial controller will be reporting to the directors and external based Finance Director at an accounting practice who supports the FC and directors on financial and tax reporting. The FC will report on management accounting, VAT, year-end accounts, cashflow and credit control.

The company is a 50 strong architecture and interior design studio based in West London and we have dedicated and experienced teams working on residential and commercial projects. The company has established an enviable reputation in both the prime residential market in Central London where the practice sits firmly at the top end of its peer group, and in the Commercial & Hospitality Sector where we work on bars, restaurants and sporting venues across the country.
It offers a multi-faceted, entirely bespoke design service, which is relatively unique in this special market place.

Typical Practice responsibilities

* Management of all the day to day finance functions (excluding payroll) and accounting processes
* Assistance in preparation of budgets, forecasting and management of overhead costs
* Preparation of Bi Monthly management accounts
* Preparation and issue of monthly billing after fee's and resources have been reviewed with relevant project leads.
* Ensure project forecast profitability is monitored and resource targets managed by informing management of changes to budgeted monthly billing and resourcing if project is not running to budget
* Cash flow management, credit control and treasury duties
* Assistance in timely production of statutory accounts and internal financial and project performance reports
* Financial analysis and adhoc reporting for the directors who regularly use the information to make important business decisions and implement strategy across the business
* Ensuring that appropriate systems and internal controls are implemented, maintained and updated when necessary
* Preparation and payment of VAT returns, corporation tax annual payment, directors tax payments in Jan and July and dividend payments
* Dividend tax provision calculations and transfers to tax savings account
* Net salary/dividend forecast schedules updated for the directors each tax year
* Manage support from administration team who reconcile 5 company credit cards of which the FC will review and enter into TAS and allocate to relevant accounting codes and charge back to projects.
* Manage a part time Finance Assistant (3 days per week) who is responsible for Purchase Ledger, Procurement for FF&E projects, bank reconciliations and adhoc reporting.

Typical FF&E responsibilities
* Responsible for the setup and maintenance of client accounts
* Responsible for the management of the payment process for procurement on all client accounts
* Reconciliation of client TAS account, Barclays bank account and Purchase Order Summaries

* Proficient in all of the following:
o Microsoft Word and advance excel
o Sage or TAS Accounting Systems including SAGE Payroll

Performance indicators
Specific Tier criteria
* Clear and concise reporting
* Invoicing and Billing achieved in a timely manner
* Credit control

* General Attitude, Contributing to team/company morale and spirit
* Excellent written and verbal communication skills
* Team Building/team player /builds relationships
* Capability- relevant skills & knowledge
* Planning ahead and organizing
* Problem solving/Decision making
* Managing stress and conflict
* Initiative

* Full/Part Qualified CIMA, ACCA OR ACA.

* 10 plus years in finance

Knowledge and Industry
* To have a full and current understating of VAT and other accounting standards

If you are keen to secure a Financial Controller role within a high growth architecture and interior design studio, please apply today to find out more.

We do not pay agency fees where speculative and unsolicited CVs are submitted to Haines Watts by any means. For any CVs which are submitted without instruction from the Haines Watts Recruitment team, Haines Watts reserves the right to contact and work directly with these candidates without payment of any agency fee.