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Financial Accountant – Fixed Assets, Sales Taxes, Staff Costs & Inventory

This role directly reports to the UK Finance Manager based in Krakow.

Hybrid working is available, based at the Cambridge facility, with a minimum of three of the five working days of the week on site.

Job Purpose

To support the Finance team through the continued company growth, drive controls enhancement and efficiencies and ensure accurate ledger postings.

Fixed assets

Manage the fixed asset ledgers for tangible, intangible assets:

• Update for additions and disposals
• Calculate and post depreciation and amortisation
• Impairment reviews
• Monthly reporting
• Maintain register of Right of Use Assets – prepare calculations and postings under USGAAP and IFRS16
• Prepare annual roll-forward

Sales Taxes

• Prepare the Quarterly UK VAT return for three UK entities, including import duty, duty deferment and postponed duty reporting
• Prepare the monthly French VAT and Intrastat returns
• Fully reconcile the relevant balance sheet accounts on a monthly basis

Staff Costs

• Post monthly payroll for the UK business into the P&L and Balance Sheet
• Reconcile all corresponding balance sheet accounts on a monthly basis
• Ensure correct accounting of payroll, payroll taxes and other deductions
• Ensure quarterly tax equalization payments are made to HMRC
• Post accruals for staff commissions and reconcile control account
• Prepare and post vacation accrual journals
• Ensure staff timesheet records are submitted monthly and rates updated for new starters as and when required and annually for all employees
• Reconcile Pension, BUPA and other staff related balance sheet accounts each month
• Monthly accrual of R&D tax credit
• Prepare annual PSA return

Inventory Management

• Maintain standard costs of existing products to support UK based business units, including annual update of hourly rates, OAR and consumable costs
• Support R&D with creating standard costs for new products
• Coordinate and facilitate stock counts of FG and consumable items with Supply Chain team and manage the stock take reconciliation to ensure physical stocks tie with the system reported stocks
• Calculate provision for obsolete and slow-moving inventory and support the business to manage this material effectively
• Manage all month end close activities related to stock, including balance sheet account reconciliations, consumable reallocation journals, ad hoc stock movement journals and split of inventoried product into materials, labour and overhead costs

Other

• Manage the accrual and approval of distributor commissions, reconciling BS each month
• Manage the accrual and approval of quarterly royalty, reconciling BS each month
• Prepare and post monthly facility allocation journals

• Perform month end close activities for all of the above areas of responsibility
• Ensure absolute accuracy of GL accounting and all financial reports, timely account reconciliations
• Participate in audit activity, ensure journal backup documentation is complete, organized, and easily accessible.
• Maintain compliance with financial controls
• Communicate potential risks and opportunities when identified
• Special projects and other ad hoc analysis as assigned