Molly Hughes
Denbighshire
Summary
Experienced finance professional with a strong track record in full ownership of month-end close processes and preparation and review of management accounts. Demonstrates expertise in accruals, prepayments, journals, balance sheet reconciliations, and financial reporting. Skilled in fixed asset management, VAT returns compliance, audit support, year-end reporting, financial analysis, cost control, process improvement, and system implementation. Committed to driving efficiency and accuracy in financial operations while supporting strategic business objectives.
Overview
11
11
years of professional experience
1
1
Certification
Work history
Management Accountant
Mondottica Ltd
, Nottingham
2022.10 - 2026.03
- Took full ownership of accounting for newly acquired entity, managing transition and delivering end-to-end accounts up to review stage, including full month-end close, balance sheet integrity, and alignment with group reporting requirements
- Own and deliver full month-end close process, ensuring timely and accurate financial reporting
- Prepare and review management accounts, including P&L, balance sheet and cash flow, with detailed variance analysis and commentary
- Lead balance sheet reconciliations, ensuring strong financial control and timely resolution of discrepancies
- Partner with budget holders and non-finance stakeholders to provide financial insight on performance, cost control and decision-making
- Produce cost centre reporting and profitability analysis, improving visibility of business performance
- Monitor and report on cash flow, identifying risks, trends and opportunities
- Post and review accruals, prepayments, journals and revaluations, ensuring accurate period reporting
- Manage fixed asset register, including additions, disposals and depreciation
- Prepare and review VAT returns, ensuring compliance and completeness
- Lead audit preparation and act as key contact for auditors, ensuring smooth audit process
- Deliver ad-hoc financial and commercial analysis to support strategic initiatives and business planning
- Manage budget forecasts and conduct variance analysis to support decision-making and identify risks
- Review and improve financial processes and controls, enhancing reporting accuracy, efficiency and timelines
- Support integration of financial processes following acquisition, ensuring consistency with group reporting standards
- Successfully resolved complex discrepancies following system migrations, improving data integrity
- Act as key liaison across departments and external providers to support financial processes and system improvements
- Rebuilt stock valuation processes from incomplete data, enabling accurate monthly reporting
- Led implementation of new stock and accounting systems, improving reporting accuracy and operational efficiency
- Reduced overhead costs by 15% through improved financial analysis and cost control
Assistant Accountant
MPH Construction Ltd
2020.10 - 2022.09
- Supported preparation of monthly management accounts, including analysis and reporting packs
- Managed full accounts payable function, including supplier reconciliations, payment runs and query resolution
- Maintained and updated cash book, posting all receipts, payments and overhead expenditure
- Produced costing and revenue analysis to support contract managers in assessing project profitability
- Ensured accurate billing and revenue recognition across contracts
- Managed employee expenses, ensuring compliance with company policy
- Maintained and reconciled fixed asset register, including depreciation
- Raised high volumes of sales invoices, including self-billing and applications
- Performed subcontractor checks and CIS reporting, ensuring compliance and accuracy
- Supported payroll processing and posting of payroll journals
- Produced aged debtor reports and supported credit control processes
- Performed and reviewed bank and balance sheet reconciliations, identifying and resolving discrepancies
- Analysed nominal ledger transactions, investigating variances and anomalies
- Supported VAT return preparation and audit processes
- Performed inter-system reconciliations, improving data integrity across systems
- Contributed to implementation of financial controls and process improvements
- Acted as a key finance contact for contract managers, providing financial insight on project performance and profitability
- Managed high-volume financial transactions across multiple projects, ensuring accuracy and compliance
Assistant Accountant
iVendi Ltd
2019.06 - 2020.08
- Supported preparation of monthly management accounts, with focus on revenue reporting
- Produced P&L, balance sheet and cash flow reports for internal stakeholders
- Delivered detailed revenue analysis and trend reporting to support forecasting and strategic planning
- Managed deferred revenue schedules, including prepayments and revenue recognition
- Posted accruals, prepayments and cut-off journals to ensure accurate period reporting
- Reconciled accounting and CRM systems, identifying and resolving discrepancies
- Performed daily bank and foreign currency reconciliations
- Produced commission reports for resellers based on revenue share agreements
- Supported credit control processes, including direct debit reporting
- Worked cross-functionally with client services and finance teams to ensure accurate billing and revenue recognition
- Assisted with audit preparation and year-end reporting
Assistant Accountant
Powell Chartered Accountants Ltd
2018.06 - 2019.06
- Prepared statutory accounts for limited companies, sole traders, partnerships and charities
- Completed corporation tax and personal tax computations, including capital gains
- Performed balance sheet reconciliations, including VAT, PAYE and loan accounts
- Prepared and submitted VAT returns, ensuring accuracy of client data
- Processed payroll and statutory filings, including pensions and HMRC submissions
- Assisted in audit preparation, including testing and documentation review
- Supported month-end and year-end processes, including accruals and prepayments
Accounts Assistant
The Patchwork Traditional Food Company Ltd
2015.09 - 2018.06
- Managed sales ledger and credit control, maintaining strong debtor performance and cash collection
- Raised invoices and credit notes, ensuring accurate general ledger coding
- Performed bank reconciliations, including multi-currency accounts
- Managed and improved stock control systems, producing accurate valuation reports
- Produced gross profit and cost analysis to support product performance
- Supported VAT returns and financial reporting
- Led improvements to stock control and reporting processes, enabling accurate valuation and better decision-making
- Supported system implementation projects, ensuring smooth transition and minimal disruption to operations
Skills
- Balance Sheet Reconciliations & Financial Reporting
- Audit Support & Year-End Reporting
- Financial Analysis & Cost Control
- Process Improvement & System Implementation
- Margin and variance analysis
- Cost-reduction strategies
- Financial analysis
- KPI tracking
- Cash flow management and forecasting
Certification
- AAT Qualified
- ACCA (In Progress)
- Xero Advisor Certified
- Advanced Excel Training
- Anti-Money Laundering & Anti-Bribery Certified
Software
Xero
Power BI
Sage Intact
Sage 50
IRIS Payroll
Oracle NetSuite
IRIS Accountantancy
Unleashed
Quickbooks
Exchequer
Accomplishments
- Successfully implemented new accounting software that improved efficiency and accuracy.
- Reduced costs by identifying and eliminating unnecessary expenses.
- Improved cash flow by implementing new procedures for managing accounts receivable.
- Received recognition for outstanding performance and contribution to the success of the organization.
Timeline
Management Accountant
Mondottica Ltd
2022.10 - 2026.03
Assistant Accountant
MPH Construction Ltd
2020.10 - 2022.09
Assistant Accountant
iVendi Ltd
2019.06 - 2020.08
Assistant Accountant
Powell Chartered Accountants Ltd
2018.06 - 2019.06
Accounts Assistant
The Patchwork Traditional Food Company Ltd
2015.09 - 2018.06