Management Accountant

• Reporting the to Senior Finance Manager, this newly created role as Management Accountant will play a pivotal role in the success of the Finance and Accounting team.

The role will be responsible for;Budget preparation, management and forecasting:

• Develop, prepare and manage the revenue budget for the organisation.
• Prepare and manage the annual salary budget and approved staffing establishment.
• Work with departmental heads to gather budget requirements and ensure alignment with strategic goals.
• Prepare detailed budget reports and forecasts, highlighting key assumptions and financial impacts for relevant stakeholders.
• Undertake salary scenario planning to assess award impacts on the annual budget position.
• Adopt a business partnering approach to ensure accurate and timely financial information exchange and the achievement of strategic planning objectives.
• Monitor and report revenue performance against budget.
• Prepare and update revenue forecasts based on actual performance, market conditions, e.g. contract plan, and other influencing factors.
• Contribute to the development of longer-term plans to inform the medium-term financial strategy.

Financial Analysis:

• Analyse financial data to identify trends, undertake variance analysis, and identify areas of concern to facilitate improved understanding of cost behaviours and budget forecasts.
• Conduct cost-benefit analysis and financial modelling to support decision-making processes for budget and workforce planning.
• Identify and assess financial risks and implement measures to mitigate them.

Financial Reporting:

• To actively support the closure of accounts process and assist in the preparation of the annual statutory statement of accounts by taking responsibility of the completion of relevant disclosure notes and information contained within.

Cost Control and Efficiency

• Implement and monitor internal controls to ensure efficient use of resources and prevent financial mismanagement.