Michael Page
Location
Surrey | United Kingdom
Job description
This role involves managing and improving financial functions, including auditing, reporting, and budgeting within the life science industry. The Financial Accountant will contribute to decisions that enhance company-wide financial performance in our Surrey office.
Client Details
Our client is a leading firm in the life science industry. With a head office based in Surrey and across the UK, they are renowned for their innovative solutions and significant contribution to the field. Their commitment to growth and development makes them a major player in the industry.
Description
Financial Reporting & Accounting
Contribute to the monthly, quarterly and annual financial reporting to internal and external
stakeholders, with the aim of informing business decisions and ensuring compliance with Group policies
and local accounting standards.
Prepare accurate journal entries relating to inventory, intercompany, fixed assets, prepayments
and leases together with other ad hoc entries.
Ownership of research spend and related accruals.
Prepare general ledger account reconciliations within areas of responsibility to a high standard
ensuring there is adequate rationale and support for balances.
Responsible for the maintenance of the fixed asset register in line with accounting policies.
Prepare fixed asset additions and disposals ensuring entries are in line with the Group Capital
Expenditure policy.
Compile annual statutory accounts for the UK group companies.
Support with the provision of information to external auditors for group and statutory audits.
Prepare and submit surveys for Office of National Statistics on a regular basis.
Inventory
Responsible for all inventory balances across the EMEA region, ensuring inventory movements are
correctly accounted for, provisions and write offs are managed appropriately, as well as partnering with
other departments to ensure there are suitable procedures and controls in place.
Partner with the EMEA Inventory Manager, ensuring there is frequent, open communication to
enable change, overcome obstacles and ensure best in class inventory management
Partner with Supply Chain, Global inventory and the Financial Planning teams to manage obsolete
items, inventory provisions and other write-offs.
Prepare insightful internal reporting to promote successful working capital management.
Coordinate the monthly reconciliation of the inventory accounts with regional accountants,
providing support to resolve queries where appropriate.
Monitor and reconcile the UK inventory balances and consolidate the monthly EMEA inventory
position for group reporting.
Provide support for compliance requests and other PIL projects under tight time pressure, ensuring
conflicting requests are prioritised as required.
Intercompany
Ownership of all intercompany trading and service balances for UK entities, ensuring adherence to
internal policies relating to cross charges and monthly balance confirmations.
Overall responsibility for UK intercompany balances including partnering with the treasury team to
ensure appropriate management of outstanding balances.
Manage the intercompany cross charge process for the UK entities through creating sales invoices
and recording purchase invoices, ensuring deadlines are met and approvals are obtained.
Coordinate the monthly intercompany reconciliation process across the region including the
preparation of intercompany statements as well as providing advice and support to resolve
differences.
Prepare intercompany revaluation journal on a monthly basis, ensuring all intercompany balances
eliminate across UK entities.
Profile
A successful 'Financial Accountant' should have:
Job Offer
We encourage all candidates who believe they possess the necessary skills and experience to apply for this exciting opportunity.
Job tags
Salary
£50k - £58k per annum
