Assistant Financial Accountant

Job Description

Job Title: Assistant Financial Accountant

Location: Glascoed. We offer a range of hybrid and flexible working arrangements – please speak to your recruiter about the options for this particular role.

Salary: £30,390

What you’ll be doing:

You will provide critical support in the preparation and management of financial records, ensuring the accuracy of financial data, compliance with regulations. This role involves assisting with journal entries, reconciliations, and month-end and year-end closing activities:

• Prepare Journal Entries:  Assist in maintaining and updating the general ledger to ensure accurate financial records.  Create journal entries for routine transactions, including accruals, prepayments, and recurring entries.  Adjust journal entries to correct errors or reflect changes in estimates.  Ensure supporting documentation for each journal entry is complete and stored for audit purposes.  Correct any misclassified transactions or errors identified during reviews or reconciliations
• Payroll Accounting: Record payroll-related journal entries in the general ledger.  Prepare payroll reports, including summaries of payroll expenses, benefits, and liabilities
• Account Reconciliation: Perform regular reconciliations of payroll-related accounts, such as accrued wages, payroll liabilities, and employee benefits. Investigate and resolve discrepancies in a timely manner.  Monitor GL accounts to ensure proper classification and allocation of transactions
• Month-End and Year-End Close: Support month-end and year-end closing processes, including preparing schedules and reports.  Ensure all journal entries are posted in a timely manner and align with reporting deadlines
• Process Improvement: Identify and implement enhancements to financial processes and systems to increase efficiency and accuracy
• Cross-Departmental Collaboration: Work closely with other departments to understand and address their financial needs, providing insights and financial guidance
• General Administration and Support: Maintain and organise financial records and files.  Respond to queries from internal departments related to general ledger accounts and financial data.  Provide administrative support for general ledger processes as needed

Your skills and experiences:

• Basic understanding of accountancy and practical experience in a finance related role
• Proven excel skills
• Accountancy related degree or studying towards AAT or equivalent

Benefits:

As well as a competitive pension scheme, BAE Systems also offers employee share plans, an extensive range of flexible discounted health, wellbeing and lifestyle benefits, including a green car scheme, private health plans and shopping discounts – you may also be eligible for an annual incentive.

The Shared Services Financial Accounting team:

This team provides a number of finance activities to business units across BAE Systems. The activities undertaken within the team include Financial Reporting, Fixed Asset Accounting, Leasing Accounting, Payroll Accounting, and General Accounting (accruals, prepayments and provisions) which are supported using various technologies including robotics.

The Financial Accounting team is part of a large Finance function within BAE Systems with many opportunities for progression.

To help support a positive work life balance, the team operate in a hybrid working environment, allowing a mixture of both home and office based working the suits the needs of both the individual and the business.

Why BAE Systems?

This is a place where you’ll be able to make a real difference. You’ll be part of an inclusive culture that values diversity, rewards integrity, and merit, and where you’ll be empowered to fulfil your potential. We welcome candidates from all backgrounds and particularly from sections of the community who are currently underrepresented within our industry, including women, ethnic minorities, people with disabilities and LGBTQ+ individuals. We also want to make sure that our recruitment processes are as inclusive as possible. If you have a disability or health condition (for example dyslexia, autism, an anxiety disorder etc.) that may affect your performance in certain assessment types, please speak to your recruiter about potential reasonable adjustments.

Please be aware that many roles at BAE Systems are subject to both security and export control restrictions. These restrictions mean that factors such as your nationality, any nationalities you may have previously held, and your place of birth can restrict the roles you are eligible to perform within the organisation. All applicants must as a minimum achieve Baseline Personnel Security Standard. Many roles also require higher levels of National Security Vetting where applicants must typically have 5 to 10 years of continuous residency in the UK depending on the vetting level required for the role, to allow for meaningful security vetting checks.

Closing Date: 10^th February 2025

We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.

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