Group Expenses Accounts Assistant, London City
Group Expenses Accounts Assistant, Insurance, City of London.
We are looking to hire a hard working part qualified accountant to work in a prestigious insurance company within a challenging role. We are really lookig for someone who is going to want to grow with the company and take the challenges that come along with this position.
Group Expenses Accounts Assistant, working within the Expenses function of the Finance department of a UKgroup of companies operating within the Lloyds' insurance market, ultimately owned by a listed insurance group. The role will involve assisting in most aspects of the Expenses function's work with the main focus being to assist the Group Expenses accountant during the quarterly and annual processes.
It is essential that you have the relevant experience within a finance department, ideallyt within the UK insurance market.
Quarterly Expenditure profiling
Maintaining the actual vs. expected expenditure spread sheet which enables comparison of actual expenditure versus previous quarter and also the forecast for the year;
Working with Budget Holders to agree expected expenditure for the quarter in order to assist with the financial early close process;
Ensuring that the agreed expectation is clearly documented and signed off by the Budget Holder;
Assisting the Group Expenses Accountant to understand any material variances compared to previous quarter and forecast.
Quarterly recharges
Using the agreed expectation of expenditure for the quarter, then updating the recharge spread sheets which recharge cost to the various group entities using agreed allocation percentages;
Explaining any significant quarterly variations to the Group Expenses Accountant;
Preparing journals to post the recharges;
Preparing the intercompany reconciliations.
Quarterly accruals process
Preparing accruals for the quarter using the agreed expectation of expenditure compared to the actual booked figures;
Explaining any significant quarterly variations to the Group Expenses Accountant;
Preparing the journals to post accruals;
Preparing the reconciliation of the accruals account.
Quarterly Expenses KPI and Budgeting process
Maintaining the Excel expenditure application used for the annual budgeting process and subsequent quarterly reforecasts and reporting expenditure to Management;
Ensuring that actual data from the Expenses ledger is correctly reflected within the application on a quarterly basis;
Assisting the Group Expenses Accountant when working with HR and Budget Holders to ensure that Budgets and subsequent reforecasts are accurately reflected;
Preparing numerical reports for Group Expenses Accountant to use as the basis for expenditure variance commentaries;
Other assistance in the process as necessary.
Other
Maintaining time recording spread sheets for various projects;
Checking that invoices entered by the purchase ledger clerk are being coded to the correct accounts within the expenses ledger;
Assisting with departmental project work as required;
Maintaining the Budget Hierarchy and Sign Off limits on the Group's intranet.
TECHNICAL SKILLS
Essential
* Good experience of using Excel;
* Ability to construct own reports using Excel.
* Experience of word, outlook and other Microsoft applications.
Desirable
* Knowledge of Great Plains Accounting package,
* Knowledge of FRX forGreat Plainsand other applications.
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