Location
Bristol
Department
Finance
About The Role

Motability Operations are currently recruiting for a Financial Reconciliations Manager to join our Finance Team in Bristol on a full-time, permanent basis. Managing a team of two and reporting into the Finance Planning & Control Manager you will be responsible for maintaining, enhancing, and reporting on the financial control environment of the company through a variety of monthly and quarterly tasks.

The main responsibilities of the role are as follows:

  • Manage a team of two ensuring all tasks are completed on time, prioritising workloads where necessary
  • Calculate, reconcile, and submit the Group’s monthly VAT returns to HMRC, ensuring high degrees of accuracy and compliance with relevant legislation
  • Take ownership of the Financial Control Framework (‘FCF’) of the Group, ensuring all finance risks are captured, and corresponding mitigating controls are identified and regularly monitored to verify effectiveness
  • Produce the Balance Sheet Control Report (‘BSCR’), compiling all balance sheet reconciliations and assessing the accuracy of the reported Balance Sheet
  • Complete monthly balance sheet reconciliations accurately and in a timely manner; understand the underlying system postings and MI reports; and take a proactive approach to working with the approving manager to clear down aged/reconciling items
  • Provide quarterly updates to the Risk, Policy and Compliance Committee (‘RPCC’) on VAT, BSCR and FCF
  • Act as ‘point of contact’ for the external auditors for financial control questions, and coordinator of questions for operational finance teams
  • Calculate the Economic Capital requirement of the Company in relation to credit risk, profitability, and deferred tax, reporting updates to the quarterly Economic Capital Forum

The main responsibilities of the team are as follows:

  • Perform monthly reconciliations of the Group’s balance sheet, compiling the results in the Company’s Balance Sheet Control Report
  • Close system ledgers as part of the month-end cycle
  • Calculate and submit quarterly capital expenditure return to the Office of National Statistics
  • Run the ‘SVFD manual activation process’, to ensure agreements are capitalised correctly with the correct VAT receivable and payables are recorded in ALFA, raising any issues identified with Finance Systems and assisting in their resolution
  • Assist the accounts payables team by verifying the changes made to suppliers’ bank details daily
  • Undertake the day-to-day fixed asset processes in line with timetable for standard fixed assets, CIP assets and Bond Costs
  • Perform trade credit checking and control processes

The Financial Reconciliations team reports into the Finance Planning & Control Manager and consists of three members:

  • Financial Reconciliations Manager
  • Assistant Accountant – Reconciliations (x2)
About You

You are self-motivated with the ability to work autonomously to tight deadlines and prioritise workloads accordingly

You are positive and enthusiastic with a “can-do” attitude, set high standards and act as an example to others in the team and across the department

You have excellent attention to detail and the drive to continually evolve and improve processes and outputs

You have strong analytical and mathematical skills, with a passion for problem solving and financial modelling

You adopt a professional approach in all dealings, demonstrating high standards and levels of performance with the ability to remain calm and assured under pressure

You have the ability to build enduring relationships across all levels and departments of the business

You are able to accurately calculate and confidently present complex financial information in a concise and understandable way to a wide range of stakeholders

Minimum criteria:
  • Newly qualified accountant (ACA/ACCA/CIMA)
  • Knowledge of VAT workings and returns
  • Experience in financial reconciliation
  • Advanced MS excel skills, with experience of manipulating large datasets.
  • Good working knowledge of accounting software (preferably Oracle and Alfa)
Desirable criteria:
  • Experience of compiling VAT workings and submitting returns
  • Knowledge/experience of IFRSs
  • Experience of managing a team
  • Experience of working within the car industry
  • Exposure to Oracle and OBIEE
  • Exposure to ALFA
About The Company

Motability Operations is a unique organisation, virtually one of a kind. We combine a strong sense of purpose with a real commercial edge to ensure we provide the best possible worry-free mobility solutions to over 630,000 customers and their families across the UK. Customers exchange their higher rate mobility allowance to lease a range of affordable vehicles (cars, wheelchair accessible vehicles, scooters, and powered wheelchairs) with insurance, maintenance and breakdown assistance included. We are the largest car fleet operator in the UK (purchasing around 10% of all the new cars sold in the UK) and work with a network of around 5,000 car dealers and all the major manufacturers. We pride ourselves on delivering outstanding customer service, achieving an independently verified customer satisfaction rating of 9.8 out of 10.

Our values are at the heart of everything we do, and our people demonstrate these values:

  • Empowerment
  • Empathy
  • Inclusion
  • Forward thinking
  • Excellence

As a Motability Operations team member, the benefits you can expect are:

  • Competitive salary and discretionary annual bonus
  • 15% non-contributory pension (9% non-contributory during probation period)
  • Private healthcare
  • 28 days holiday in addition to bank holidays
  • Life assurance
  • Voluntary benefits such as dental insurance and gym membership
  • Cycle to work scheme
  • A flexible working arrangement between home and the office

At Motability Operations, we believe in building a diverse workforce, where our people are empowered to attend work as their true selves, and we encourage people from all backgrounds to apply.  We want to sustain a culture that nurtures, where employees are free to flourish and where they’re rewarded equally, regardless of race, nationality or ethnic origin, sexual orientation, age, disability, or gender.

We pride ourselves on being an inclusive employer and as such, all our offices provide first rate disability access. With our hybrid working environment, we do our best to accommodate part-time and flexible working requests where possible, building on our culture of trust, empowerment, and flexibility.

Please note, Motability Operations reserves the right to bring forward the closing date of any of its job vacancies if we receive a suitable number of quality applications from which to make a shortlist. Therefore, we recommend that you apply as soon as possible rather than wait until the published closing date.

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