Sales Ledger Coordinator
Ref: Sales Ledger Coordinator – Ref 9680
Are you recruiting for a Sales Ledger Coordinator? A highly skilled and hardworking MAAT qualified Sales Ledger Coordinator with experience …
Audit and Financial Reporting
Produced IFRS group accounts involving foreign subsidiary consolidation, as well as single entity accounts under UK GAAP. Coordinated audit and stock counts, including bringing in a new audit firm. Researched and explained the format of the Strategic Report to the Executive when the requirement first came in, introduced IFRS 16 Lease accounting to the finance team, set out working papers for the initial analysis of contracts with customers to account for revenue in accordance with IFRS 15, which developed into writing full revenue recognition papers at each contract inception for Board approval. Also had to account for changes in ownership of group entities.
Treasury management
Oversaw the transfer of foreign bank accounts to enable management through a single banking portal for improved visibility and control. Set up new banking facilities including liquidity funds, bank guarantees and relationships for foreign exchange. Also updated mandates, managed users and their permissions on the banking portals and administered credit card facilities. Managed cash flow when funds were low and foreign currency requirements to meet payment obligations. Likewise, monitored interest rates and risk to transfer funds around accounts appropriately.
Tax
Performed the tax analysis for, and subsequent review of, corporation tax returns, as well as liaising with advisors over capital allowances for new buildings. Worked to carve out the tax losses for a hive down of operations into a new entity. Prepared R&D tax claims from time sheet data and accounting ledgers. Also collated sufficient evidence to substantiate and value prototype development that fell outside of usual timesheet data for its inclusion in a claim. Oversaw transition to the merged scheme. Worked with software providers to set up Making Tax Digital for the group VAT submission in the UK and worked with local advisors to submit VAT returns in foreign jurisdictions. Involved in discussions around transfer pricing. Produced branch accounts.
Share based payments and Company Secretarial
Administered the HMRC Gateway for the Group’s companies, setting up new entities and schemes as required. Registered share schemes with HMRC and uploaded the annual ERS reports to the Gateway on behalf of the Company Secretary. Accounted for share based payments and related PAYE/NIC accruals. Previously involved in some other aspects of the Company Secretary role such as the filing of confirmation statements, (dormant) company accounts and liaison with insurance brokers.
Payroll
Reviewed payroll for its inclusion of all the adjustments notified in the monthly memo, made all payments and developed payroll summaries for journal production, reconciliation and reporting. Administered the company pension scheme and oversaw the introduction of salary sacrifice for contributions. Checked National Minimum Wage compliance with each successive rate change.
Policy updates
Updated the company drivers and travel policy to align with HMRC expenses guidance and changes to motoring legislation, at the same time introducing drivers checks to meet fleet insurance requirements. Also presented to the Audit Committee advocating changes to capitalisation policy and useful life estimates for different asset classes.
People management and relations with the wider team
Managing a part-qualified finance team, involving explaining new accounting concepts and how they could be practically implemented to streamline the accounts process, but also mentoring staff for their exams and continuing development. Organised some external VAT training for the team to improve understanding of how AP/AR was relied upon for accurate VAT submissions. Undertaken monthly balance sheet reviews and provided feedback to drive improvement of working papers. This has helped to standardise output, embed checks and align with year-end audit-ready documentation, which in turn has speeded up the year-end process and reduced audit queries. Also had the opportunity to discuss best practice and influence processes in the wider business, for example, goods inwards practices. Set up and introduced a procedure to facilitate stock management between stores. Welcomes queries from junior staff and other colleagues regarding specialities and enjoys the chance to research new circumstances/concepts as required by the business.
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