Laura Bailey MAAT, CIMA Dip MA
Telford
Summary
Professional Accountant with 10 years of experience in variety of accounting functions within manufacturing industry, including management accounts and cash management. Adaptable having often covered roles above and below current job roles to make sure the goals of the team and organisation are met. Works well under pressure and very used to working to and achieving tight deadlines without compromising quality of input. Able to use initiative to ensure a proactive attitude and identifying improvement opportunities as well as being an effective communicator.
Overview
11
11
years of professional experience
14124
14124
years of post-secondary education
Work history
Finance Specialist
Epson Telford Ltd
10.2021 - 04.2023
- Supervision of finance team consisting of 6 members ensuring efficient working practices and making certain both company policies and procedures were being followed as well as financial compliance in line with J-SOX & International Financial Reporting Standards
- Leading the team in month end reporting to a strict 3 day reporting deadline by managing the departments workload by promoting effective commutation amongst the team and reallocating tasks where required to ensure accurate and on time reporting
- Lead the external audit ensuring the smooth running of the audit by distributing appropriate audit deliverables to each team member, resulting in a successful completion of audit
- Final checking of all balance sheet control account reconciliations completed by the team and highlighting any concerns or discrepancies to be looked in to and corrected before passing on to the Head of Finance for final sign off
- Recruitment of new members of staff
- Assisting Head of Finance with transfer pricing agreement between Epson Telford Ltd and other Epson subsidiaries
- Support and training of Financial Accountant and Management Accountant
Management Accountant
Epson Telford Ltd
08.2021 - 10.2021
- Working with the Payroll Administrator to receive payroll information to be processed in the management accounts, such as net pay to be posted to the correct cost centres and direct or indirect labour general ledger codes and also NI and tax and pension figures
- Responsible for calculating overtime and temporary staff accruals based on man hours provided by HR department
- P11D calculations for submission to HMRC for employee benefits, such as car allowances & private healthcare
- Responsible for the control of the Fixed Asset register ensuring compliance with IAS16 for owned assets and IFRS16 for leased assets
- Conducting a 6 monthly companywide asset audit, raising new assets with correct descriptions, locations and depreciation allocation, also posting and reporting monthly deprecation charges and disposal of fixed assets
- Working alongside Finance Specialist and department managers to prepare quarterly budget/forecasts by analysing variances between budgeted and actual costs in previous periods to highlight issues and discover what was driving these variances such as changes in planned sales demand, production inefficiencies or poor cost control and update current forecast to bring these back in line with the budget
- Responsible for Cost of Sales reporting including £25m inventory and calculating provision for obsolete & slow moving stock often valued in excess of £5m
- Ensuring all freight costs were accounted for within the correct period by working alongside Accounts Payable Controller, reviewing supplier statements to ensure all invoices were received and checked against shipping documentation
- Posting an accrual for any invoices that were not yet processed within the accounts
- Reporting Profit & Loss in to group consolidation software with backing schedules detailing costs broken down in to profit centre
- Analysing fluctuations in Balance Sheet & Profit and Loss figures compared to previous periods, providing commentary and reporting to Head of Finance and Managing director
- Supporting Financial Accountant with VAT returns
- Supervision of Assistant Management Accountant and Cash Management Controller
Assistant Management Accountant
Epson Telford Ltd
07.2020 - 08.2021
- Supporting monthly SAP reporting and group consolidation reporting
- Reporting sales, broken down in detail based on profit centre & customer
- Calculating and reporting Cost of Sales by taking beginning inventory plus purchases less closing inventory for the reporting period, split and reported based on profit centre
- Reporting balance sheet in to group consolidation software including backing schedules detailing balances such as inventory split between raw materials, work in progress and finished goods and receivables and payables
- Completing various internal reports to senior management and managing director such as unit cost report, calculating fixed costs + variable costs over sales volumes for multiple product lines
- Review of standard cost variances compared to actual cost and updating where necessary and the creation of new standards in SAP
- Assisting in the monthly variance analysis review of actual costs compared to budget/forecasted costs, liaising with department managers to discuss discrepancies and correct any issues such as missing invoices and incorrect general ledger coding to allow for corrections/accruals to be made in time for month end, quarter end, year end reporting to ensure correct values reported in the corresponding reporting period
- Monthly balance sheet control account reconciliations for stock and sales
- Assisting with annual budgeting and forecasting (3 per annum) and reporting for production/sales volumes, material costs and stock
- This involved working closely with the planning & procurement department to understand demand from sales affiliates and any expected changes in material costs from suppliers
- Assisting with the preparation of VAT returns, reviewing shipping documentation against VAT codes used when invoices processed to pick up any discrepancies/errors and ensure these are corrected so correct VAT is reporting and paid to HMRC
- Calculating and processing various month end accruals including utilities based on current meter readings and other adhoc accruals/provisions when required
- Supervision of Cash Management Controller
- Covering for Management Accountant
Cash Management Controller
Epson Telford Ltd
04.2015 - 07.2020
- Produced short and long term cash flow forecast with strict adherence to deadline to prevent operational disruptions and for input in to quarterly business forecasts as well as regularly comparing actual cash flow to forecasted figures to identify discrepancies
- Raised and controlled all bank payments and liaised with Head of Finance and Managing Director for correct authorisation
- Completed weekly bank reconciliations
- Completed monthly balance sheet reconciliations for all bank and petty cash, achieving financial accuracy
- Checking and processing staff expenses as well as ordering and collecting petty cash and currencies for employee overseas business trips
- Generated invoices such as intercompany recharges & waste income
- Liaised with international intercompany colleagues to compile and agree payable and receivable balances for month-end, quarterly and year end consolidation reporting
- Preparation and posting of journals such as prepayments and accruals
- Training and supporting Accounts Payable Controller
- Covering for Assistant Management Accountant
Accounts Payable Controller
Epson Telford Ltd
10.2013 - 04.2015
- Processed high volumes of invoices accurately ensuring correct input such as invoice references, values, quantities and VAT codes, demonstrating strong attention to detail
- Maintained up to date filing systems for invoices, statements, delivery notes & vendor files ensuring accurate documentation and swift retrieval as needed
- Frequent reconciliation of supplier statements ensuring accounts were up to date
- Worked with purchasing department & suppliers to resolve billing discrepancies to ensure timely payments and dispute resolution
- Negotiated better payment terms with suppliers to improve liquidity position
- Liaised efficiently with external auditors during annual audit periods providing requested documentation
- Prepared bi-monthly supplier payment run with an approximate value of £1m
- Monitored accounts payable ledger to proactively spot and handle problems
- Handled petty cash in various currencies ensuring zero discrepancies, reconciling frequently and processing cash movements to the correct general ledger accounts
- Compiled Accounts Payable accrual for invoices in query for month end ensuring the reporting of correct figures within the accounting period
Purchasing Apprentice
Epson Telford Ltd
10.2012 - 10.2013
- Sourced and verified quotations from suppliers before initiating purchasing processes
- Assisted in preparation of purchase orders, ensuring accuracy in data entry, followed up with management for prompt approval, issued to suppliers and liaised with supplier for favourable lead times and delivery dates
- Maintained optimal stock levels, verifying inventory quantities in SAP
- Sourced new vendors and suppliers
- Coordinated with accounts payable/finance department on invoice discrepancies, facilitating quick resolution
- Developed strong supplier relationships by maintaining regular communication and resolving issues
- Fulfilled administration tasks reliably, supporting smooth office operations
- Developed practical skills for enhanced productivity through hands on training
Education
E2 (Management Level) -
CIMA
Diploma in Management Accounting - Operational Level
CIMA
Certification in Management Accounting - Certificate Level
CIMA
Professional Diploma in Accounting Level 4 -
AAT
Level 3 Diploma in Accounting (QCF) -
AAT
Microsoft Excel Advanced -
Activia Training
Level 2 Principles of Business and Administration -
Pearson EDI
GCSEs -
Abraham Darby School
Skills
- SAP
- Excel Advanced
- Management Accounts
- Prioritising workload effectively
- Effective communicator
Timeline
Finance Specialist
Epson Telford Ltd
10.2021 - 04.2023
Management Accountant
Epson Telford Ltd
08.2021 - 10.2021
Assistant Management Accountant
Epson Telford Ltd
07.2020 - 08.2021
Cash Management Controller
Epson Telford Ltd
04.2015 - 07.2020
Accounts Payable Controller
Epson Telford Ltd
10.2013 - 04.2015
Purchasing Apprentice
Epson Telford Ltd
10.2012 - 10.2013
E2 (Management Level) -
CIMA
Diploma in Management Accounting - Operational Level
CIMA
Certification in Management Accounting - Certificate Level
CIMA
Professional Diploma in Accounting Level 4 -
AAT
Level 3 Diploma in Accounting (QCF) -
AAT
Microsoft Excel Advanced -
Activia Training
Level 2 Principles of Business and Administration -
Pearson EDI
GCSEs -
Abraham Darby School
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