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Assistant Accountant
- Posted 01 March 2023
- Salary £30000.00 - £35000.00 per annum
- LocationLondon
- Job type Contract
- DisciplineAccounting & Finance
- ReferenceAA1_1677660116
- Contact NameSamuel Everton
Job description
An opportunity has arisen to work for a leading Oil & Gas Group as an Assistant Accountant. Due to positive developments and growth the organisation is seeking a commercially astute finance professional to work closely with the Financial Controller on a 9 months FTC basis with a view to go perm.
The responsibilities as Assistant Accountant include:
- Prepare weekly cash flow forecast, including and not limited to the following:
- Prepare the cash flow model on a weekly basis, with a 13-week outlook
- Reconciling the cash flow model to actual cash movements in the week
- Cash flow report to be prepared for analysis by activity and supplier where applicable
- Liaise with relevant business stakeholders to obtain inputs in preparation of the 13-week forecast, including:
- Phased short term project and corporate related commitments on cash basis
- Phase existing invoices in the accounting system as well as outstanding accruals
- Phasing and tracking of all other related expenditure and receipts such as sales, JV funding, contractual payments (bond, deferred considerations, legal payments etc)
- Compare existing invoices and commitments with expected supplier run rates and adjust cash flow where necessary
- Analysis of short-term currency requirements; Providing support to the CFO and Financial Controller with FX trades when needed
- Bank liaison including:
- Reviewing credit limits
- Onboarding/Support for new Bankline users
- Maintenance for corporate debit/credit cards
- Constant review of banking terms, rates
- KYC process support if required
- Monitoring timely receipt of the revenues and funding from JV partner
- Other ad-hoc tasks include, and not limited to:
- Assist the Management Account with preparation of JV billings statements
- Providing report material to the Management Account and Procurement team on outstanding commitments
Assist Management Accountant with JV funding requirements dependent on inputs attained form the 13-week cash forecast
The successful applicant must have:
- Minimum 3 years experience in finance
- Pro actively studying accounting qualification
- Excellent attention to detail
- Strong understanding of the need for a controlled environment and adherence to procedures
