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Financial Accountant

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Monsoon Accessorize

3mo ago

  • Job
    Full-time
    Junior & Mid Level
  • Banking & Finance
  • London

AI generated summary

  • You need 2-3 years of relevant experience, be a finalist in ACCA/CIMA, and possess strong organizational skills, attention to detail, Excel proficiency, and stakeholder management experience.
  • You will prepare reconciliations, consolidate group entries, assist with financial statements, manage accruals, oversee turnover rents, prepare audit papers, and handle ad hoc tasks.

Requirements

  • 2 - 3 years similar experience in an industry or practise setting
  • Finalist ACCA/CIMA student
  • Very good organisational and communication skills
  • Strong attention to detail and accuracy
  • Can work independently as well as be a team player and flexible in approach to work
  • Proficient in Word, Excel
  • Good communication and interpersonal skills
  • Good understanding of accounting principals and financial reporting standards
  • Experience of Retail industry (desirable)
  • Knowledge of Coda would be an advantage
  • Stakeholder management experience

Responsibilities

  • Monthly reconciliations: Preparation of monthly reconciliations for a variety of BS accounts and intercompany accounts, including settlements of intercompany positions.
  • Group consolidation: Preparation of monthly consolidation entries and posting of foreign subsidiaries reporting packs.
  • Financial Statements: Assist in the production of statutory accounts for all UK companies, consolidated group accounts, and Monsoon Trust charity accounts.
  • Monthly accruals and prepayments: Review monthly postings in relevant P&L and Balance sheet accounts. Ensure all balances are reasonable and accurate.
  • Turnover Rents: Oversee turnover rent calculations and ensure timely submissions to landlords.
  • External auditors: Prepare comprehensive year-end work papers and coordinate effectively with external auditors, including managing the independent examination of the Monsoon Trust charity accounts.
  • Ad hoc tasks: Undertake tasks as requested by management, demonstrating flexibility and a proactive approach. This job description outlines typical responsibilities but is not an exhaustive list of potential duties and is subject to review and updates.

FAQs

What are the main responsibilities of a Financial Accountant?

The main responsibilities include monthly reconciliations of balance sheet and intercompany accounts, preparing consolidation entries for group accounts, assisting in the production of statutory accounts, reviewing monthly accruals and prepayments, overseeing turnover rent calculations, preparing year-end work papers for external auditors, and undertaking ad hoc tasks as requested by management.

What qualifications are needed for the Financial Accountant position?

Candidates should have 2-3 years of relevant experience in an industry or practice setting, be a finalist ACCA/CIMA student, possess very good organisational and communication skills, and have a strong attention to detail.

What skills are important for success in this role?

Important skills include strong attention to detail and accuracy, ability to work independently and as part of a team, proficiency in Word and Excel, good communication and interpersonal skills, a good understanding of accounting principles and financial reporting standards, and stakeholder management experience.

Is experience in a specific industry necessary for this role?

While not mandatory, experience in the retail industry is considered desirable for this position.

Are there any specific software skills required for the Financial Accountant role?

Proficiency in Word and Excel is required, and knowledge of Coda is considered an advantage.

Will I be expected to work with external auditors?

Yes, the role involves preparing comprehensive year-end work papers and coordinating effectively with external auditors, including managing the independent examination of Monsoon Trust charity accounts.

Is this job description flexible?

Yes, the job description outlines typical responsibilities but is not exhaustive, and it is subject to review and updates. Flexibility and a proactive approach are important for this role.

What type of communication skills are required for the Financial Accountant position?

Good communication and interpersonal skills are necessary, as the role involves liaising with Group Finance and other departments within the company.

What is involved in preparing financial statements as part of this role?

Assisting in the production of statutory accounts for all UK companies, consolidated group accounts, and Monsoon Trust charity accounts is part of the financial statements preparation.

How important is attention to detail for a Financial Accountant?

Attention to detail and accuracy is crucial in this role, given the nature of financial reporting and reconciliation tasks involved.

Monsoon Accessorize

Creating vibrant products. Sharing endless discovery.

Retail & Consumer Goods
Industry
1001-5000
Employees
1973
Founded Year

Mission & Purpose

At the very beginning, our philosophy was ‘small is beautiful’; we started out as a small business with a big passion for vibrant bohemian-inspired clothes, and beautiful fabrics hand-crafted by talented artisans from small communities across Asia. The first Monsoon store opened in London in 1973, selling original collections that featured clothes made with hand-loomed cotton and silk fabrics, organic vegetable dyes and artisan block-printing techniques. Over the years, our business has grown, but our passion remains the same. We have a detailed eye for true beauty, whether that’s our intricate design details, colourful prints, fabrics, or embellishments. We design in-house, source globally and ethically, and are dedicated to delivering keepsake quality, because we love to make our customer’s day just that little bit more special and out of the ordinary. We believe in the positive, empowering, life-changing power of trade rather than aid. We have always worked with craftspeople in villages and small communities to give them sustainable independence. We connect British contemporary designs with our network of craftspeople, and together they create beautiful, unique collections that celebrate our customer’s individuality and sense of adventure.