Financial Accountant

Job Title: Financial Accountant
Contract Type: Permanent
Location: Milton Keynes
Salary: £50,000 pa
Contact Name: Christopher Fox
Contact Email:
Job Published: April 06, 2021 16:16

Job Description

Come and support ICAEW’s own financial accounting with this fantastic new opportunity in our finance team.



You will provide a professional financial accounting service to the ICAEW and its related subsidiaries, which inspires the confidence of management, board and council and members in the reporting of financial performance and enables strategic decision-making to be carried out.


The role is to support the Head of Financial Accounting and Transactional Reporting, with all financial accounting tasks including, preparation of the statutory accounts, assistance with the external audit and the provision of ad-hoc financial reporting across ICAEW.


•Preparation of financial statements for ICAEW and its Subsidiaries and Associates including

oPreparing draft financial statements

oCreating supporting schedules

•Day to day management of the interim and year end audit

oEnsure audit files are uploaded promptly

oLiaise with auditors and other finance teams to resolve issues and queries

oEnsure year end timetable is adhered to.

•Subsidiary and associate accounting (monthly management and annual statutory accounts)

•Day to day management of fixed assets, to include ensuring that ICAEW adopts the most appropriate accounting policies and estimates (asset lives) and accounts for fixed assets appropriately under IFRS (with special attention to leases)

•Ensure processing of data into the accounting system for each entity is done in a timely and accurate manner in line with the month end timetable

•Monthly balance sheet reconciliations on all accounts.

•Where changes to IFRS are on the horizon, ensure that all relevant wider team members are aware of the implications for ICAEW, and that appropriate changes are made in a timely manner

•Production of the monthly purchase order reports, providing feedback and guidance as appropriate to the business

•Provide support to trust accountants (monthly management and annual statutory accounts)

•Provide support to district society and student society accountants (monthly management and annual statutory accounts)

•Provide accounting support to the Investment and Treasury Manager and Tax Manager

•Work closely with Finance Business Partnering Team on Financial Accounting matters

•Specific duties will vary from time to time in line with the business needs



•Relevant accountancy qualification and strong experience in financial accounting

•Technically strong (able to evidence regular and up to date PQE, particularly with respect to recent IFRS changes)

•Proactive and committed, with a real desire to help improve ICAEW and team performance

•Able to inspire confidence from their peers and directors and build strong, credible relationships

•Strong process and project skills and an enthusiasm for change management

•Resilient with a keen eye for detail and a “right first time” culture

•Build relationships across ICAEW to develop full understanding of operations

•Able to communicate clearly, both verbally and in writing

•Strong Excel skills

•Experience using Microsoft Dynamics NAV or similar and preferably also with Jet reporting.


ICAEW values – for all employees 

The 3 i’s are the values that drive everyone’s attitude and approach to working at ICAEW. They help us to collaborate, innovate and be an agile organisation.   



• Actively collaborate to identify needs and look for innovative solutions.

• Bring together different groups and communities to work together.

• Empower people to be agile, so they can take ownership and harness the collective efforts of ICAEW in a flexible and responsive way.



• Actively gather insights to develop innovative and considered thought.

• Collaborate with our networks to voice different perspectives and insights internally and externally, to stimulate discussion and debate.

• Be agile in finding new and timely ways to provide understanding and insight to our members, organisations and government.



• Act with transparency, consistency and openness as integrity underpins everything we do.

• Stand by your principles to adhere to the highest professional standards even when facing adversity.

• Do the right thing, even when no one is looking


Our department: Finance

The Finance department is responsible for activities in four core areas: stewardship, control and risk assessment, transaction processing, and strategic decision support.

In addition to financial support, they also provide assistance with legal and contracts queries, IP and brand protection, GDPR and data protection, project management and continuous improvement.


As a department they support ICAEW on a day-to-day basis to assist in the delivery of the strategy at the same time as ensuring effective and efficient financial management. This includes advising ICAEW on strategic and operational matters relating to finance. This entails looking after ICAEW’s financial systems including core accounting, payroll, tax and insurance processes.


They also manage ICAEW’s fees and subscriptions billing and collection process in addition to preparing monthly management accounts and annual financial statements. They also provide support for planning, setting and monitoring of budgets, forecasts and operational plans.


Not the role for you?

We often have other roles we are recruiting for and we’re always interested to hear from people, particularly if you have experience in accountancy practice, the legal and regulatory sector, or digital skills. Please visit our job portal for the latest opportunities.


Why work at ICAEW?

At ICAEW we offer a comprehensive benefit package which enables our employees to choose from a range of options including:

24 days holiday, increasing with service and the ability to buy or sell holiday.

Group personal pension plan with an employer contribution of 9%,

Private medical insurance after two years

An additional day off at Christmas

Gym discounts

Dental Plan

Potential to work from home and our offices

Season ticket travel loans


As well as offering employee benefits, we truly believe in creating a diverse and empowering culture where our teams can thrive and be themselves. We support sustainability, corporate and social responsibility campaigns and encourage our employees to take a day to work for a cause of their choice, or to work collaboratively as a team in doing this. We nominate and support two charities every year and run all manner of events to raise money. Our active social committees provide fun events ranging from the seasonal parties, to quiz nights and bowling tournaments.


Here are just a few of the initiatives we run to fly the flag for employee well-being, equality and diversity:



CABA supports the well-being of ICAEW Chartered Accountants, ACA students and ICAEW members of staff – helping them through challenging times and also offering guidance for personal development.


Whenever you contact CABA, you will be assigned a highly trained adviser who will devise a bespoke programme of practical, emotional and financial support to address and resolve your situation. Any information provided will be held in the strictest confidence. Please visit for more information.


Together Community

Our LGBT+ network, the Together Community, aims to create an open, progressive and informed working environment to support ICAEW's employees and stakeholders. They provide regular meetings and activities, and act as a point of contact for LGBT+ employees and allies for related issues.


Embrace Community

Our Diversity and Inclusion network, embrace, creates a supportive working environment for all our colleagues while also encouraging employees to understand the needs of individuals across our organisation. It helps us to understand our individual differences, so we can support each other with respect. If you’re interested in our work around inclusion and these communities please visit: and also our Instagram feed.