Assistant Financial Accountant
| Posting date: | 11 March 2025 |
|---|---|
| Salary: | £35,738 to £42,170 per year |
| Additional salary information: | London min £39,917 max £42,170, National min £35,738 max £37,731 Potential progression into an SEO Financial Accountant role within 18 months (subject to achieving prescribed performance and exam progression), with a salary increase to £46,884 (London) |
| Hours: | Full time |
| Closing date: | 30 March 2025 |
| Location: | Tower Hamlets |
| Company: | Government Recruitment Service |
| Job type: | Permanent |
| Job reference: | 395212/4 |
Summary
We champion the values of professionalism, integrity, respect and innovation. We are committed to providing a collaborative and supportive working environment that encourages every colleague to contribute, grow and excel together. With opportunities to drive your own development and growth, we empower our colleagues to succeed by ensuring support at every step of their career journey.
This is a fantastic opportunity for an ambitious Financial Accountant looking to advance their career, with a clear pathway to progression into an SEO Financial Accountant role within 18 months (subject to achieving prescribed performance and exam progression). This transition not only comes with a salary increase to £46,884 (London) or £42,194 (National) but also the chance to be part of a team committed to professional growth, within an organisation that provides study support.
This post provides an excellent development opportunity for someone looking to gaining invaluable and varied experience working within government, in a multifaceted role, whilst also progressing with their professional qualification.
As part of the Financial Accounts team, you will help to deliver successful, accurate month end and year end processing and support the delivery of interim and year end accounts. Other key responsibilities include the tracking of non-current assets and completing the monthly VAT return to HMRC.
The focus in this role will be delivering core financial controls and providing technical accounting advice. You will play a critical part in maintaining the integrity of the organisation’s financial statements.
Key responsibilities
- Assisting in the preparation of financial statements, notes and related disclosures for VOA’s annual report and accounts, ensuring these are in line with financial reporting manual (FReM) and International Financial Reporting Standards (IFRS).
- Timely submission of accurate, assured consolidated financial information to HMRC to support their financial reporting processes.
- Liaising with National Audit Office to ensure that evidence and robust explanations are provided to support timely audit conclusion.
- Taking an active part in the month end accounts process including journal preparation, balance sheet reconciliations and other general ledger activities.
- Management of non-current assets for VOA, including updating the asset register for additions, disposals, depreciation and for seeking assurances from the business around asset changes.
- Monthly updates to depreciation model and submission of the depreciation forecast to Management Accounts.
- Support the preparation of monthly VAT submissions to HMRC, ultimately demonstrating understanding of the implications of partial VAT registration for government including the application of contracted out services rules. Work with finance colleagues and the wider business to improve understanding of VAT processes.
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