Internal Job Title: Assistant Accountant
Business: Lawson Fuses Ltd
Location: Ponteland, Newcastle Upon Tyne, UK
Job Reference No: 4297
Job Purpose:
Line Manager: Financial Controller.
Supervising: No direct reports.
The Finance Team Member is responsible for the documenting finance functions including accounts payables/receivables, receipts/payments, cashflow, reconciliations, general ledger transactions, P&L, Balance sheet including management accounts. Working within a small finance team.
Business Overview:
Lawson Fuses specialises in the design, development and manufacture of low-voltage, high-rupturing capacity (HRC) fuse links and fuse holders. Sold directly and via distributors, applications are suitable for electric and electronic capital equipment, utilities, renewable energy and domestic households.
Job Context:
Lawson Fuses is a business that is going through a period of exciting change. The company has factory in India and UK and specialise in design, development, and manufacture of HRC low voltage fuses. Lawson Fuses are part of Lucy Group who are a diversified international group spanning several sectors including secondary power distribution, smart lighting, low voltage fuses, and real estate. Lawson Fuses under the banner of Lucy Group is focusing on accelerated growth of its product line and subsequently the share of the market. The role of Finance Team Member is critical in documenting and reconciling transactions, including receipts/payments, overall transactional finance operations with some P&L/Balance sheet reporting and transactional analysis.
Job Dimensions:
Deliver an efficient transactional and reporting Finance service to the business seeking to achieve value by proactive accounts payable management, accurate postings, reconciliations, and efficient reporting. Supporting the Financial Controller deliver a quality finance function for the business.
Key Accountabilities:
These will include:
Day to Day responsibility for financial transactional processing. This includes supplier invoice input, reconciliation journals, supplier relationship management and credit control.
To ensure that financial transactions are carried out in the timeliest and cost-effective manner, whilst adhering to group financial policies.
Perform three-way matching PO/GRN/Invoices, resolve any issues identified.
Input supplier invoices daily, reconcile statements, and credit notes in line with supplier and internal expectations.
Raising and allocating payments made, ensuring unallocated payments are reviewed and cleared in good time.
Monitor supplier/customer accounts and liaising with the business, highlighting due dates upcoming and payment profiles.
Manage DPO (Days payables outstanding) within forecasted cash balances, resolve invoicing queries with appropriate department and suppliers
Review aged AP, AR, Debit notes, Goods Received Not Invoiced, Purchase orders outstanding and clear where possible
Support the preparation of monthly management accounts (P&L/Balance sheet), including prepayments/accruals and reconciliations.
Obtain, maintain, and report GL historical data to allow strategic decisions to be made by Financial Controller & Leadership team.
Review aged AP, AR, Debit notes, GRNI, Purchase orders and clear where possible.
Perform reconciliations, including investigation and resolution of variances.
Daily spreadsheet updates, cashflows and banking transactions.
Support the Financial controller by providing data to be included within forecasts/ quarterly business reviews/ medium term plans / budgets and other analysis.
To undertake any other duties that may fall into the job criteria including providing holiday cover across the department.
Qualifications:
Minimum Qualifications, Knowledge and Experience:
AAT Technician qualified (level 3/4 minimum) or equivalent standard, with opportunity to progress with further qualifications.
5 years’+ experience in finance function, preferably within an SME.
Working knowledge of excel spreadsheets.
Behavioural Competencies:
Driven by solutions with a positive approach.
Determined & Motivated.
Flexibility & creativity.
Strong team player who is supportive and strives for success for themselves and their team
Does this sound interesting? We would love to hear from you. Our application process is quick and easy. Apply today!
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