Management Accountant Job Description

Management Accountant job description

Below is a typical job description for a Management Accountant which we hope you find useful. If you need any assistance with recruiting a Management Accountant in the North West we’d love to hear from you.

A Management Accountant prepares, develops and analyses financial information to allow the organization to make well-informed decisions to ensure future stability, profitability and growth.

Management Accountants establish and maintain financial policies and management information systems, and are an integral function to inform management colleagues on all aspects of company finance. The role combines accounting skills with effective management and concise communication to both financial and non financial management.

A Management Accountant’s role is to look ahead, analysing business performance advising on how to pre-empt problems and adapt to changing circumstances and developments.

The overall aim for a Management Accountant is to improve value in all areas of the business by managing and reducing operational and production costs and implementing the most effective strategies.

Management Accountant role, duties and responsibilities

A Management Accountant will be expected to perform any of the following tasks:

  • Produce financial statements including profit and loss accounts, budgets, cash flows, monthly management accounts, variance analysis and commentaries
  • Assist in the production of the annual budget and periodic forecasting
  • Provide management reporting for decision-making, including project appraisal, evaluation and post-implementation analysis
  • Ongoing review of cash flow and production of forecasts
  • Produce annual statutory accounts in management accounts format
  • Calculation, presentation and payment of VAT
  • Negotiating on major projects, loans and grants
  • Manage capital expenditure
  • Report on company assets and liabilities including balance sheet account reconciliations and review of intangible assets
  • Ensure compliance with all financial regulations
  • Manage trainee accountants, including day-to-day communication and motivation as well as succession planning and performance management
  • Carry out continuous reviews of working accounting practices and processes to ensure efficient and cost effective operations

Person Specification

Typical qualities of a successful Management Accountant include:

  • Qualified Accountant with minimum 3 years experience
  • Proven technical ability
  • Understanding of modern management information systems
  • Ability to manage, delegate, motivate, monitor and control team activity
  • Excellent interpersonal skills with the ability to communicate at all levels with both financial and non-financial management
  • Intellectual with a strong commercial acumen

Recent news and events

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K Sereice
K Sereice
15:00 15 Oct 20
I would rate this company well for supporting me. I was needing professional advice to know if I was going in the right direction, for a future job role. Sarah helped me with alot of advice. Thank you
Adele Gaskell
Adele Gaskell
19:11 03 Sep 20
Helpful recruiters
Jack Croft
Jack Croft
15:56 06 Aug 20
After completing university during the current global pandemic I thought it would be near impossible for me to get employment, However after finding a very interesting job online and with Tammy guiding me though the interview process I was able to feel more confident in myself and abilities.Again thank you Tammy! 😁
James Thomason
James Thomason
15:36 06 Aug 20
Tammy from AFR was brilliant friendly polite and proffesional. Tammy kept me updated and informed with the progress and feedback for my appication and interviews and I secured the position with the salary I was looking for.Thanks
Magda W
Magda W
18:47 15 Mar 20
I would like to use an opportunity to thank for the support that both Tammy and Sarah gave to me throughout the whole interviewing process. They both made me feel confident in myself to go to the interview as tbh if it wasn’t for them I would have struggled a lot more during the whole process ( never been to one before). Tammy Smith was absolutely amazing !!!!!She made me feel comfortable, provided me with all information I needed to succeed!She is also very warm, super friendly and... approachable, very reliable and informative. Honestly, I cannot thank them enough as they are just perfect career match makers!!!!!AFR Consulting/ Tammy Smith - you are a life changer!!!!Thank you very much!!!!read more
Jo English
Jo English
18:33 12 Mar 20
I had an email to let me know about a job opportunity and after a chat and a video interview that seemed to go really well, I was offered an interview.I cant praise them highly enough as they gave me the self confidence and information I needed and got the job.Three months later, yes it was the right job for me thank you everyone for your hard work.
Karina K
Karina K
23:01 07 Nov 19
Really impressed with AFR Consulting and their speedy effort to find me suitable employment. Tammy and Sarah really had my best interests at heart and the whole experience was much more of personal service than a business transaction as found at other recruitment agencies. I would certainly be using them in the future after trusting them to find me the perfect job.
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