Role Purpose
* To perform monthly and annual accounting activities including balance sheet reconciliations, financial reporting and data analysis. Activities include access and maintenance of the general ledger, daily dealings of working capital through the treasury systems process, financial planning and controlling daily bank reconciliation transactions. As a team player, responsibilities include coordination and completion of annual audits, providing internal and external auditors with the required supporting financial information as necessary.
* The role requires an analytical approach supported by strong excel skills including data analysis techniques and a proactive approach to improving systems, including implementing change resulting in financial and process efficiencies.
Responsibilities
* Responsible for the compilation, maintenance and accounting of the Council’s Capital Programme including short and medium term forecasting, budgeting and monthly reporting. Responsible for capital accounting, management of service area capital programme update reports and submission of statutory returns.
* Responsible for the Council’s Treasury Management function in line with statute, accounting standards and specifically the Prudential Code. Responsible for the accounting and administration of the treasury function in respect of working capital management, dealing in money markets and other financial instruments. Prepare, maintain and manage daily, weekly and monthly liquidity for the authority.
* Ensure liquid position complies with minimum requirements at all times. Monitor and maintain treasury investment and borrowing contracts. Monitor and manage the list of daily limits and exposures split by company and industry sector. Ensure accurate monthly interest payments and receipts are monitored, accounted for and received. Review client and broker balance confirmations for audit purposes.
* Responsible for delivering capital budget monitoring information to Service Heads, and the compilation of corporate monitoring thereby meeting the needs of the Corporate Management Team and Elected Members.
* Supports the Accountancy and Control Manager with various VAT and stamp duty and land tax queries required to complete service contractual arrangements.
* Responsible for keeping up to date with changes to tax laws and regulations which specifically impact the Council’s ability to operate efficiently when being exposed to tax related risks. Responsible for managing the Council’s partial-exemption VAT position against the Local Authority partial-exemption threshold.
* Prepare the council’s tax error voluntary disclosures. Manage the production of VAT return submissions through integrity controls, system reviews and reconciliations.
* Ensures that appropriate systems and procedures for effective financial management and controls are in place and adhered to by Operational Managers, City Managers and Schools across areas of the Council to allow Corporate Directors to provide assurance to the s151 Officer that the statutory and fiduciary requirements of s151 of the Local Government Act 1972 and s113 & s114 of the Local Government Finance Act 1988 are being fulfilled in areas of the business.
Knowledge:
* A detailed understanding of Financial Regulations, procedures and practices, and of their application at an operational level in a practical environment.
* A broadly based knowledge of the operational services provided by directorates in the context of customer focus and service management/planning issues, and an awareness of how these will be influenced and affected by changes in the wider environment.
* A sound understanding of the current key developments in local authority finance.
* A sound knowledge of the codes of practice and developments in connection with local authority accounting and accounting practice generally.
Job Type: Full-time
Pay: £25.97 per hour
Schedule:
* Monday to Friday
Experience:
* Accounting: 3 years (preferred)
Work Location: Hybrid remote in Hull
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