The Lemongrass Management Accountant reports to the Lemongrass Finance & Operations Manager and is part of the Lemongrass Finance Team.
Work with project managers to correctly set up and support the financial management of engagements
Analyse financial results for the engagement, the client(s), and the appropriate internal organizations (e.g. Lemongrass Cell)
Monitor specific engagement profitability and identify and coordinate the resolution of issues
Provide pro-active advice to project managers to increase the profitability of engagements
Work with Lemongrass Finance team to manage all elements of the financial close cycle
Escalate any issues that require resolution to the Lemongrass Finance & Operations Manager.
As Management Accountant you will be responsible for the following:
Governance and Compliance
Understand the contract and engagement life-cycle, from inception to completion
Ensure compliance with Lemongrass finance policies, Lemongrass standard practices and local statutory requirements
Advise on process setup for engagements
Advise on engagement closure activities: prepare, review and collect final bill, close engagement elements
Monthly Financial Management report & KPI’s for distribution to Account Managers & Leadership
Review & understand costing and pricing for new contracts. Advise on financial and commercial component of bids and new contracts.
Review reasonableness and understand Account Forecasts on a monthly basis – track and report on the accuracy of Estimates at Completion.
Analyse, report and advise on monthly performance of engagements
Analyse and report on comparison of actuals data to key metrics
Prepare client invoices and review with account managers;
Ensure invoicing to customers is on-time, complete and in line with supporting contracts, purchase orders, Statements of Work and other supporting documentation and customer requirements;
Track client payment. Maintain constructive and open relationships with Customer Accounts Payable departments, ensuring all invoices are paid on a timely basis and issues that prevent payment are identified, escalated and resolved.
Understand engagement approach to invoicing of expenses and ensure invoicing of relevant expenses.
Monthly Financial Close
Adhere to the monthly close cycle and timetable ensuring periods are closed within given KPI’s
Prepare and post monthly accounting entries:
a. revenue and pre-payment journals
b. consultant cost accrual
c. consultant referral bonus accrual
d. staff pension accrual
e. executive bonus accrual
Manage Lemongrass fixed asset register accounting for all associated capitalisation and depreciation
Participate in new staff induction ensuring all staff understand and can adhere to finance & operational requirements;
Participate in discussions and projects to improve the Lemongrass Finance toolset, productivity and efficiency
Participate in any other financial tasks and activities as required
3. Key Performance Indicators
We have identified the following Key Performance Indicators relevant to the Management Accountant role.
Management Accountant KPI’s:
Engagement Management Reports/KPI’s provided Friday, week 4 after the end of each month latest;
No large unexplained items and changes in management reporting;
All invoices are issued no later than Friday, week 2 after the end of each month latest; No write-offs or credits due to the inability to collect issued invoices;
No unpaid invoices more than 60 days past invoice due date;
This job description reflects the essential functions of the Management Accountant role; it does not prescribe or restrict responsibilities that may be assigned. As a small company, the Lemongrass Finance team will work and co-operate closely and assigned tasks may vary from the key elements of the Management Accountant role.
Professional Accounting Accreditation (i.e. CIMA, ACCA)
Understanding of local statutory requirements
Strong analytical skills
Good oral and written communication skills
Strong organizational, time management and multi-tasking skills
Ability to work independently
Good interpersonal skills and an ability to establish key relationships with a number of stakeholders
Flexible approach and ability to operate across all levels of Finance delivery
Ability to flex hours during periods of high demand. e.g. month end accounting
Strong attention to detail
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