Management Accountant at Velvot

Job Summary


The Management Accountant is responsible for providing accurate financial reporting, budgeting, forecasting, cost analysis, and business performance insights to support strategic decision-making.
The role partners with business units to monitor financial performance, improve profitability, ensure financial controls, and support the delivery of technology projects and managed services.


Key Responsibilities
Financial Reporting:


Prepare monthly management accounts for subsidiaries and Head office
Analyze financial results against budget and forecast.
Produce monthly variance analysis with actionable recommendations.
Prepare financial dashboards and Key Performance Indicators (KPIs).
Support month-end and year-end closing activities.


Budgeting and Forecasting:


Support the annual budgeting process.
Prepare rolling forecasts and cash flow projections.
Monitor departmental budgets and spending.


Business Performance Analysis:


Analyze revenue, gross margin, and profitability by: o Products o Services o Projects o Customers o Business units
Monitor recurring revenue and subscription performance where applicable.
Identify cost-saving opportunities and recommend efficiency improvements.


Project & Contract Accounting:


Monitor project costs against approved budgets.
Track project profitability and utilization.
Support pricing analysis for technology solutions and services.
Review project revenue recognition in accordance with accounting standards.


Cost Management:


Analyze operating expenses.
Review vendor contracts from a financial perspective.
Monitor software licensing costs and infrastructure expenses.
Support procurement with financial evaluations.


Financial Controls:


Maintain strong internal controls.
Ensure compliance with company financial policies.
Review journal entries and account reconciliations.
Support external and internal audits.


Business Partnering:


Work closely with: Sales, Operations, Project Managers, Procurement, Human Resources.
Provide financial guidance for strategic decisions.
Assist department heads in understanding financial performance.


Compliance:


Ensure compliance with applicable accounting standards.
Support tax reporting and statutory requirements.
Maintain accurate financial records.


Process Improvement:


Improve financial reporting processes
Automate management reports where possible.
Enhance ERP reporting capabilities (e.g., Microsoft Dynamics, SAP, Oracle).


Qualifications


Bachelor's Degree in Accounting, Finance, Economics, or related discipline.
ACA, ACCA, CIMA, part qualification or equivalent professional qualification.
Minimum of 4 - 7 years' experience in management accounting or financial analysis.
Experience in an IT, technology, telecommunications, or professional services environment is an advantage.


Skills & Competencies Technical Skills:


Management Accounting
Financial Planning & Analysis (FP&A)
Budgeting and Forecasting
Financial Modelling
Cost Accounting
Variance Analysis
Cash Flow Management
ERP Systems (Microsoft Dynamics 365 preferred)
Advanced Microsoft Excel
Power BI or similar reporting tools Personal Skills
Strong analytical and problem-solving skills


Personal Skills:


Strong analytical and problem-solving skills
Excellent communication and presentation abilities
High attention to detail
Commercial awareness
Ability to manage multiple priorities
Strong business partnering skills
Integrity and confidentiality


Preferred Experience


Software implementation projects
Managed Services
Cloud solutions
Microsoft licensing
SaaS revenue models
Subscription billing
Project accounting
Service profitability analysis
Revenue recognition for technology contracts
Cost tracking for implementation and support projects


Expected Deliverables:


Monthly management accounts
Budget and forecast reports
Financial performance dashboards
Profitability analysis by customer, product, and project
Cash flow forecasts
Executive financial presentations
KPI reports
Cost optimization recommendations
Business case evaluations for new investments.