Assistant Project Accountant

Old Mutual Wealth
22 Feb 2018
17 Mar 2018
Contract Type
Full Time
Assistant Project Accountant

Old Mutual Wealth are launching a new, modern UK wealth platform built on sustainable and mainstream technology. The transformation will give Old Mutual Wealth an enhanced customer and adviser proposition enabling it to compete more effectively with other platforms. This Platform Transformation Programme (PTP) is a key strategic priority for Old Mutual Wealth.

The role of Assistant Project Accountant sits within the Platform Transformation Programme's Commercial Finance Team. The team plays a key role in understanding the commercial and financial impacts of all aspects of the programme, including the impacts on the business post-launch.
The Assistant Project Accountant will provide essential support to the transformation programme, particularly in the areas of month end processes, third party supplier management, resource tracking and on-boarding, and more generally in carrying out ad hoc modelling, analysis, and reporting, as required

Key Responsibilities and Scope of role:

Month End Processes:

  • Produce month end journals for accruals, recharges, and reallocations, liaising and coordinating with the wider Finance department, where necessary.
  • Support the Senior Project Accountants with month end processes, assisting with tracking spend, reporting, analysis, and forecasting.

Third Party Supplier Management:

  • Proactively monitor and report on third party contractual obligations, challenging the business and suppliers where appropriate.
  • Track and monitor key third party contracts and statements of work, taking a forward-looking approach to ensure requirements for contract extensions are flagged to the business owner well in advance of expiry.
  • Support board approval processes for key supplier deliverables.
  • Produce monthly board reporting on third party supplier deliverables and their status.
  • Manage key supplier billing processes, ensuring timely approvals are obtained, billing is validated against expectations, and invoices are paid within commercial terms.

Resource Tracking & Reporting:

  • Input to the resource on-boarding processes, proactively tracking resources against forecast and working with the Programme Control Team to ensure resources are rolled on and off, and extended where necessary, so as to minimise financial impacts.
  • Expand on current/develop new programme headcount reporting capabilities to assist senior leadership in understanding programme cost drivers.
  • Support the team with weekly approvals meetings and change control for new resources/resource extensions.

Ad Hoc Commercial Finance Team Support & General Activities:

  • Support the Project Accountant with modelling financial impacts of the new platform on the business, including transition costs and benefit realisation.
  • Carry out ad hoc financial and commercial programme tasks (e.g. modelling, analysis, bespoke reporting, board pack slides???etc), as required.
  • Provide general support to the Commercial Finance Team, participating in a collaborative effort to share workloads in times of pressure.
  • Proactively seek out areas of improvement and assist the team in implementing value-adding changes to processes.

Qualifications required:

Essential - Part Qualified/Recently Qualified Accountant (ACCA, CIMA or ACA) or qualified by experience.

Experience required:

Essential - Competent in the use of MS particularly Excel and PowerPoint.

Desirable - Knowledge of expense management and/or project accounting.

Desirable - Competent in the use of Oracle JD Edwards.

Desirable - Experience of dealing with high-profile third party stakeholders.
Desirable - Experience on a large-scale programme.

Rewards and benefits:

We offer an innovative and flexible reward package. In addition to your starting salary, we also offer:

Access to a great range of offers and discounts from well-known retailer
Season ticket loans

Pension Scheme - non-contributory company pension scheme that can be boosted through personal contributions

We are committed to creating an inclusive culture which embraces diversity. We promote equal opportunities and ensure that no applicant is subject to less favourable treatment on the grounds of gender, marital status, nationality, ethnicity, age, sexual orientation, responsibilities for dependants, physical or mental disability. We select candidates for interview based on their skills, qualifications, experience and potential.

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