Company Name: Kings Oak Capital
Location: Harrow, UK
About Us:
Kings Oak Capital is a dynamic player in property development, investment, and management of residential properties. As we continue to grow, we are seeking a highly skilled Senior Accounts Manager to lead our financial operations and contribute to our exciting journey of success.
Job Description:
As a Senior Qualified Accountant at Kings Oak Capital, you will lead the finance team and be the backbone of our financial operations, ensuring the accuracy, compliance, and efficiency of our accounting functions across the group of companies. Your responsibilities will include but not be limited to:
1. HMRC Statutory Filing: Meeting all monthly/quarterly and year-end statutory accounting deadlines, including year-end financial accounts, quarterly/monthly VAT returns, CIS returns, and Payroll.
2. Xero Accounting System: Ensuring accuracy and completeness of all financial accounting records in Xero. Key tasks include managing the internal team to ensure all sales invoices, fixed asset register, bank transactions, purchase invoices, journal adjustments (depreciation, accruals, prepayments, wages etc), intercompany transactions and balance sheet account reconciliations are completed in a timely and accurate manner.
3. Year-End Accounts: Preparing year-end accounts to TB level for statutory filing, including journal adjustments, account reconciliations, accurate accounting disclosures, and compliance with HMRC requirements.
4. Property Management Integration: Managing the accounting elements of Arthur Online property management software, including integration with Xero, financial updates, and collaboration with the property management team.
5. Internal Controls: Introduce company-wide standard internal systems to cover our payable invoices & payment procedures. This includes all authorisations, raising POs, matching payable invoices, spending limits, and payment authorisations. Set up regular (weekly) payment runs and evaluate & introduce the most appropriate invoice management software across the Kings Oak group.
6. Cash Flow Management: Ensuring proper cash treasury management of bank balances across the group, including cash flow budgeting, forecasting, surplus vs deficit, and advising the board on liquidity management.
7. Mortgage & Loan Financing: Handling remortgages, new loan financing, bank funding submissions, liaising with external funders to provide financial analysis and reports as required.
8. Management Accounts: Preparing monthly management accounts for the Kings Oak group of companies for presentation to the board.
9. Payables and Service Charges: Managing payables procedures, credit terms negotiations, payment runs, and managing all service charge budgets and accounting.
10. Receivables: Managing rent receivable procedures, credit term negotiations, ensuring accurate aged receivable reports are available, and implementing procedures for timely collection/recording of all rental income.
11. Bank Funding Submissions: Managing the monthly/bi-weekly bank funding submissions for construction development drawdown requests.
12. Financial Modelling and Analysis: Evaluate potential investment opportunities by providing detailed reports covering ROI, funding requirements, profitability, etc.
13. Budgeting and Variance Analysis: Develop and manage various budgets across the business including service charges, construction development, and company-specific operational budgets.
14. Process Improvements: Continuously observing and evaluating current accounting procedures, suggesting improvements, and implementing robust accounting controls.
15. Team Development: Encouraging and training team members to deliver exceptional standards and service while overseeing the accounting department.
Qualifications:
* Professional Accountancy Qualification
* Xero Certified
* Proficiency in Excel
* Excellent Communication Skills
* Experience in real estate investment, property management, and property development/construction is highly desirable
Company Culture:
At Kings Oak, we're experiencing rapid growth and are building a team to be a part of this exciting journey. We are a dedicated small team of professionals committed to excellence.
Benefits and Perks:
* Competitive Salary: Up to £55,000 pa (depending on experience)
* Company Pension
* Performance-Based Bonus
* Opportunity to be part of a growing company's success
Join Kings Oak Capital and be a part of our exciting growth journey as we continue to make waves in the property development and management industry! Apply now!
Experience: Required
Employment: Full-time
Schedule: Monday to Friday
Salary: £45,000 – £55,000 yearly
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