Assistant Management Accountant - Stock
About the role...
We are currently recruiting for an Assistant Management Accountant to join our Finance Team. Based from our Customer Support Centre in Walsall, the role will work on a hybrid basis.
The Assistant Management Accountant will support the delivery of the month-end management accounts specifically focusing on Stock. The role has a defined set of responsibilities across both the profit & loss account and the balance sheet and will be expected to produce and present the monthly results to the senior finance team. The key measures of success will be delivery of results on time, to a high standard with a clear and concise communication
We uphold three core behaviours that guide all our actions:
Love Our Customers: We strive to delight our customers, listening and responding to their needs because they are our priority.
Care for Our Colleagues: We support each other to foster a workplace where everyone can thrive.
Protect Our Pounds/Euros: We are committed to cost-efficiency and value, ensuring every penny counts.
We reserve the right to close this vacancy early if we receive a high volume of applications for the role. Therefore, if you are interested, please submit your application as early as possible.
Why choose us?
- Professional development: A comprehensive induction plan and the opportunity to complete in-house development programmes to set you up for success or to pursue qualifications through our apprenticeship programme.
- Bonus Potential: Unlock the possibility of earning additional bonuses, rewarding your hard work and achievements.
- Free On-Site Parking: Enjoy the convenience of free parking, making your daily commute hassle-free.
- Onsite Coffee Lounge: Take advantage of our onsite coffee lounge, a perfect space to relax and recharge during breaks.
- Exclusive Store Discounts: Receive a 10% discount on most in-store purchases, enhancing your shopping experience.
- Family-Friendly Benefits: Our comprehensive benefits are designed to support your and your family’s needs.
- My Staff Shop: Gain exclusive discounts through our ‘My Staff Shop’ portal, saving on various products and services.
- Life Assurance Cover: Enjoy peace of mind with our life assurance cover, securing your family’s future.
- Health & Wellbeing Programme: Benefit from an employee assistance programme that supports your health and wellbeing.
- Generous Holiday Allowance: Start with a generous leave entitlement that increases by one day each year (up to 33 days), with the option to buy additional holiday annually. Celebrate your special day off work every year with an extra day’s holiday because we believe birthdays are important.
- Pension Scheme: Plan for the future with our contributory pension scheme, helping you save for a secure retirement.
Your Impact and Responsibilities…
As Assistant Management Accountant will you:
- Assist with month end close activities to ensure accurate and timely reporting.
- Provide support to the Finance team in the preparation and posting of month end schedules and journals for Stock (accruals, prepayments, recharges)
- Support the production of monthly management accounts and variance analysis for Stock.
- Prepare and maintain balance sheet reconciliations, ensuring timely resolution of issues
- Prepare inventory ageing, slow-moving, and obsolete stock reports
- Investigate stock variances, including shrinkage, damages, and theft, and prepare variance analysis reports
- Assist in posting inventory-related journal entries and stock adjustments
- Reconcile inventory records between EPOS systems and ERP/accounting systems
- Gain an understanding of UK/ROI VAT and Corporation Tax returns to assist the Team in achieving challenging external submission deadlines
- The production of Office of National Statistics submissions and other external surveys
- Identify and drive financial efficiency improvement opportunities
- Work with the Finance Manager to develop linkages across all other departments to improve communication and support across the business
- Support the preparation of weekly, monthly and annual reporting for Poundland Limited
- Assist the Finance Manager on ad hoc analysis and projects
Skills and Knowledge…
We are looking for someone has:
- Previous experience in an Assistant Management Accountant role or similar
- Previous experience in Retail based finance role is preferred but not essential
- Experience of stock based management accountancy would be highly desirable but not essential
- Worked with EPOS systems and ERP/accounting software such as Oracle Fusion
- Exposure to audits and statutory reporting processes (Desirable)
- Strong understanding of inventory accounting and balance sheet reconciliations (Desirable)
- Advanced Excel skills and strong attention to detail (Essential)
- Strong analytical and diagnostic skills.
- The ability to provide real added value, insight and interpretation into the numbers you are reporting.
Additionally, it is preferrable to be part-qualified or studying towards a professional accountancy qualification (CIMA, ACCA, ACA or equivalent)