Financial Accountant

The Financial Accountant is responsible for assisting the Head of the Finance and Operations team with the day-to-day running of the finance function;

Objectives:

• To ensure the company has accurate financial books and records that are up-to-date
• To ensure that the company has the right data to be able to make informed decisions
• To assist the Head of Finance in building a scalable, efficient, and successful finance function and team

Responsibilities:

1. Bookkeeping: Maintain accurate and up-to-date financial records by recording transactions in journals, ledgers, and accounting software.
2. Accounts Payable: Process invoices from suppliers, verify expenses, and prepare payments in a timely manner.
3. Accounts Receivable: Issue invoices to customers, track receivables, and follow up on overdue payments.
4. Bank Reconciliation: Reconcile bank statements with general ledger accounts to ensure accuracy and identify discrepancies.
5. Assisting with Month-End Close: Prepare journal entries, accruals, and prepayments to facilitate the month-end closing process.
6. Financial Reporting: Assist in the preparation of financial statements, including profit and loss statements, balance sheets, and cash flow statements.
7. VAT Returns: Calculate and submit Value Added Tax (VAT) returns to HM Revenue Customs (HMRC) in compliance with regulations.
8. Expense Management: Review employee expense reports, ensure compliance with company policies, and process reimbursements.
9. Assisting with Audits: Provide support during internal and external audits by preparing audit schedules, gathering documentation, and addressing auditor inquiries.
10. Ad Hoc Financial Analysis: Assist senior accountants or management with ad hoc financial analysis, budgeting, and forecasting tasks as required.
11. Compliance: Stay updated on changes in accounting regulations and ensure compliance with UK Generally Accepted Accounting Principles (UK GAAP) or International Financial Reporting Standards (IFRS).
12. Communication: Collaborate with colleagues in finance, as well as other departments, to address accounting-related queries and provide financial information as needed.
13. Process Improvement: Identify opportunities to streamline accounting processes, enhance efficiency, and strengthen internal controls.
14. Software Proficiency: Utilize accounting software (e.g., QuickBooks, Xero) and Microsoft Excel proficiently to perform tasks efficiently and accurately.
15. Professional Development: Pursue continuous learning and development opportunities to enhance accounting knowledge and skills.

Skills:

• Bachelor’s degree in finance or any related field with 2 years of post qualification experience
• Big 4 Background or equivalent
• Knowledge of UK tax law and HMRC
• Knowledge of IFRS
• Strong numerical skills to help drive Nethermind's financial operations and improve financial performance
• Ability to collaborate with all levels of management to organize, plan and achieve Nethermind’s financial goals
• Proficiency in financial management software (including Xero and MS Excel)

Would be beneficial if you had:

• Experience in blockchain (especially Ethereum) or crypto industry
• Experience in Fintech
• Previous experience with in-house accounting in a start-up environment
• Fully remote setting work experience
• Knowledge of US GAAP

Disclaimer: I hereby consent to my personal information being stored and processed by Demerzel Solutions Limited (t/a Nethermind) (the “Company”) for recruitment purposes in relation to both the selected job role and any other role the Company considers me a qualified candidate for. All data storing and processing by the Company takes place in accordance with the UK GDPR. Kindly refer to our privacy policy for more details.
Your consent to share personal information is entirely voluntary, and you may withdraw your consent at any time. Should you have any questions about this process, or wish to withdraw your consent please contact: [email protected]

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