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London Early Years Foundation

London Early Years Foundation

London Early Years Foundation

The London Early Years Foundation (LEYF) is social enterprise that has been providing early years education since 1903. Working with 3,000 families each year via 26 nurseries across London. LEYF be...


London, United Kingdom

17 Jun 2014

Opportunity has expired

Compensation details:

Salary £27,500 - £30,000 Dependant on Experience

7% Pension

25 Days leave, Bank Holidays, and we close for Christmas Week.

Employer tags:
Social Enterprise
Esc Factor:
Social Impact
61479620 2927 4e13 95a4 54c9ac0c3d0e

Assistant Management Accountant

We want to recruit an Assistant Management Accountant who is focussed and wants to deliver consistent results

London, United Kingdom

Applicants are required to hold the relevant Visas/Work Permits

Compensation details:

Salary £27,500 - £30,000 Dependant on Experience

7% Pension

25 Days leave, Bank Holidays, and we close for Christmas Week.

Job Type:
Entry Level
Escape Factors:
Social Impact
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About the Organisation

Early childhood intervention has been identified as one of the most effective and cost efficient ways of improving economic and social prospects. London Early Years Foundation (LEYF) has a proven model of delivering education and skilled holistic care that nurtures children successfully during their critical formational years. In operation since 1903, LEYF has recently secured £1.5 million social investment to support future growth.  

With social outcomes as equally valued as economic drivers, LEYF has established itself as one of the UK’s most successful social enterprises, winner of the prestigious National Business Award for transformation from a traditional charity to successful social enterprise. LEYF has been developing a mixed economy of provision for many years to ensure that all children regardless of background can access high quality day care provision. With its unique and socially inclusive approach, LEYF makes a real difference to the lives of more than 3,000 children and their parents every year.

About this Role

LEYF is a bold and entrepreneurial organisation aiming to double in size in the next three years.  To help secure its ambitions, LEYF is looking to recruit an Assistant Management Accountant that can focus and deliver consistent results, who is able to manage day-to-day delivery of the financial processes, analysis and reporting required of the Finance Team as LEYF strives towards its strategy to reach 5,000 children.

This post holder will also need to support the Financial Controller and Management Accountant by providing timely, accurate and compliant financial information that enables the organisation, at all levels, to take informed decisions. The post holder will need to work as part of a team to ensure LEYF meets its statutory obligations with regard to information, confidentiality and security across a network of self-contained business units.

So LEYF is looking for someone who is either qualified by experience, ATT or part-qualified accountant who wants to work in an environment where there is the ‘day-to day’ and there is the opportunity to be involved in projects that need ‘Superhero’ and ‘Superstars’. This is an existing post and the current post-holder is moving overseas. We asked them to describe the role honestly and this is what they said.

“I joined LEYF on a temporary basis, but enjoyed the friendly atmosphere and dedication of the whole team to ensure a better future for London’s children. I therefore jumped at the opportunity to become a permanent member 2 years ago. Although challenging at times, it has been a great joy to play a part in the growth of LEYF. I will miss the enthusiasm of the nursery managers and hard work ethics of the central office team, but take with me many fond memories. The role of Assistant Management Accountant at LEYF is ideally suited for someone looking for an all-round position and the opportunity to have a real social impact.”

Current Assistant Management Accountant

16th June 2014

 Job Summary:

London Early Years Foundation is recruiting for an Assistant Management Accountant to work closely with the Management Accountant to provide timely, accurate and compliant financial information to enable the organisation, at all levels, to take informed decisions in support of LEYF’s strategic goals and to ensure it meets its statutory obligations with regard to information, confidentiality and security.

Key Responsibilities:             

  1. To support the Management Accountant in ensuring the accurate and timely production of financial information.
  2. To produce monthly reporting data using excel, Pegasus and Connect.
  3. To record all income and expenditure transactions in the nominal ledgers on a monthly basis.
  4. To maintain a system of control for both the sales and purchase ledger, including the processing of weekly BACS payments.
  5. To maintain the cash books, including bank reconciliations, and petty cash.
  6. To ensure that specific balance sheet accounts are reconciled and reviewed with     the Management Accountant on a monthly/quarterly basis as required.
  7. To support the Management Accountant in maintaining the chart of accounts and ensure the accounting system operates in an efficient manner.
  8. To support the Financial Controller and Management Accountant in the budgeting and forecasting processes and in the preparation of the annual audit pack and statutory financial statements.
  9. To undertake ad-hoc analysis and reporting to assist the management accountant as required.

Details of specific tasks and duties associated with these accountabilities will be agreed with the line manager as part of the performance management process.  Any reasonable duties may be assigned consistent with the nature of the role and its level of responsibility.

Problem solving/Decision making/Complexity

The role has to work across a number of areas as part of a small team which, together, are responsible for the accuracy of all financial transactions and the translation of those transactions into accurate, timely and understandable financial reporting.  Such reporting encompasses a variety of stakeholders e.g. nursery managers, Central Office functions, EMT, Trustees, external auditors, Companies House etc.

The jobholder's specific areas of responsibility relate to

  • Banking - all duties associated with banking, including reconciliations
  • The management of all invoices from raising through to journal posting and ledger maintenance
  • Credit control (working closely with the Fees Manager)
    Balance sheet reconciliations.

The complexity of the role arises primarily from the need to work with the other members of the team to improve the standard, accuracy and timeliness of financial and management reporting.  To achieve this requires the team to work together as well as to achieve the job's specific tasks and also to help build the awareness and understanding of finance within the wider organisation.

Key decision areas against which the jobholder will be monitored include:

  • Accurate and timely management of invoicing (raising invoices, posting and ledger maintenance)
  • Credit control of aged debt and prevention of new debt
  • Effectiveness of banking and accuracy/timeliness of bank reconciliations

The role has a wide remit encompassing all the activities of a finance department. Such activities include assisting with:

  • Budgeting
  • Working capital management
  • Forecasting
  • Balance sheet
  • Cash management
  • Bookkeeping
  • Variance analysis and associated commentaries
  • Credit control

Skills and Experience

The job requires an individual who is either qualified by experience, AAT or part-qualified accountant.

Skills needed to meet the requirements of the role are:

  • Analytical skills
  • Strong communication skills (written and verbal)
  • Ability to focus on the right activities/drivers
  • Strong problem-solving skills
  • Strong excel skills 

Some of the important personal qualities are:

  • Persistence and focus
  • Bias towards action and achievement - including willingness to work to tight deadlines, including outside normal working hours if necessary
  • Receptive to the ideas of others but able to make own decisions
  • Emotional resilience
  • Passion for excellence

Financial Impact

The job will impact across the whole organisation.

Total income from nurseries and cost base £13m.

This opportunity has expired
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