Financial Accountant

Financial Accountant - 16 month Fixed Term Contract - £50,000 per year + Benefits - London (Hybrid) 2 days in the office

FryerMiles are delighted to be working with a global petroleum company to assist with their recruitment of a Financial Accountant to join their team on a 16 month fixed term contract based from their Central London offices.

The successful candidates will be responsible for a wide range of duties and gain exposure to a variety of issues and tasks, including extensive interaction with the wider business. This role suits a driven and hardworking individual who would enjoy working in a fast paced growth environment and is ready to provide their expertise and support for the growing demands and pressures on the Finance function.

Responsibilities include but not limited to:

Banking and Treasury

• Prepare and send a weekly treasury report to senior management, including a cash position waterfall with detailed analysis of weekly movements
• Management of deposit accounts to increase interest profit
• Manage interest rate and foreign exchange risk

Monthly Financial Close

• Manage day-to-day functioning of accounts payable in London, covering two entities
• Maintain group weekly spend and Accounts Payable report and graph
• Ensure FX rates in the accounting system are entered timely and up-to-date

Budgeting and Forecasting

• Assist with the analysis of monthly direct costs review (budget vs actuals) and weekly cash flows as required
• Update budget vs actuals forecasts (monthly) and send out to HoD for review
• Arrange and manage quarterly meetings with HoD to discuss month end accruals as well as past and future spend
• Assist with preparation of G&A budgets and reforecasts as and when required

External Reporting

• Assist with audit queries during half year, year end, JV audit etc

Taxation

• Prepare and submit quarterly VAT returns
• PSA calculations and submission 
• P11D calculations and submission

Other

• Ensure accounts payable practices are consistent across the geographical locations
• Identify and lead change to improve existing processes and controls
• First point of contact with AP general related queries and resolving issues (both externally and internally)

Qualifications and Experience:

• ACCA or studying towards
• Finance or Accounting Degree is desirable
• Upstream oil and gas operating company experience is desirable
• Previous experience of managing accounts payable processes
• Experience of deposits and cash management/planning
• Experience in dealing with banks, opening new bank accounts

Financial Accountant - 16 month Fixed Term Contract - £50,000 per year + Benefits - London (Hybrid) 2 days in the office