Management Accountant

About the Company

MIPS is a not-for-profit Medical Defence Organisation (MDO) that provides indemnity insurance and other benefits to over a quarter of Australia’s doctors as well as dentists and other healthcare practitioners. Our ambition is to be an industry leader recognised for protecting healthcare professionals whilst they are caring for others. We take pride in being a supportive and collaborative place to work and are always looking for passionate and talented people to join our team.

About the Opportunity

We are looking for an experienced Management Accountant to join our Finance team and help shape a high-performing, people-first culture. As our Management Accountant, you will ensure all Monthly Management Accounts are prepared and reviewed in a timely manner and prepare Budget versus Actuals reporting for the Executive Leadership Team (ELT). You will assist in business planning, budgets and ad hoc reporting for the ELT to help drive performance of MIPS, and Finance month-end tasks including the posting of month end journals and financial statement preparation. You will adhere to all policies, standard processes and ensure reporting are in place to meet statutory and regulatory compliance.

The role will work across the organisation by meeting key accounting and financial obligations using data to drive better performance and prioritisation and deliver on MIPS Group strategic priorities.

Key Responsibilities

Management Accounting:

• Review the monthly Management Accounts and resolve or raise any concerns.
• Prepare monthly budget v actuals for all Departments and resolve or raise any concerns.
• Assist in the KPI reporting metric preparation.
• Prepare ad hoc reporting and meet with any relevant stakeholders to provide the details.
• Preparation of accruals and prepayments and other general ledger account reconciliations as required.
• Assist in the preparation of quarterly reforecasts, collaborating with Budget holders.
• Assist in the preparation of the Annual budget process.
• Adherence to policies, standards, governance, processes, systems and SLAs (Service Level Agreements) to ensure management accounting and audit responsibilities are met, as required under financial services legislation and relevant regulatory requirements.

Expertise & Advice:

• Prepare and present the monthly Management Accounts to the FP&A Lead, raising any concerns, recommending any mitigations or opportunities for cost savings.
• Develop detailed budgets and forecasts ensuring MIPS can plan effectively for the future.
• Actively promote and adhere to a robust risk management culture ensuring compliance with regulatory requirements & internal controls and policies.
• Contribute to a continuous improvement program to identify areas for innovation, deliver value and simplify processes.
• Proactively communicate and provide education to employees in relation to the role and Finance.
• Contribute to the month end close to agreed timelines and accuracy and assist with the preparation of financial statements.
• Assist the Finance team with additional projects, as required.

Member Focus through Collaboration and Learning:

• Support and participate in a culture of member focus, open collaboration and challenge.
• Be open to receiving regular and ongoing feedback and taking action.
• Own your development plan, be open and participate in continuous learning.
• Model positive leadership and individual contributor behaviors, including change, risk and MIPS behaviors.

Risk and Commercial Acumen:

• As an individual and part of a team, contribute to the team to deliver on business outcomes, KPIs and budgets. This includes operational service levels, member experience, quality, and risk and compliance measures.
• Contribute to a continuous improvement program to identify ideas areas for innovation, deliver value and simplify processes.
• Act in accordance with delegation of authority levels.
• Leverage external relationships to maximise efficient use of resources and act in the best commercial interest of MIPS.
• Deliver operational processes and business outcome deliverables in line with MIPS risk management and compliance frameworks and relevant regulatory, fraud control, audit and compliance requirements including delivery of internal audit requirements.
• Perform quality control audits to ensure accuracy

About You

Essential Skills and Qualifications:

• Right to work in Australia (unrestricted)
• Experience working in a customer or member-based environment.
• Experience in finance, with advanced knowledge of accounting standards, practice and internal control, such as accounts payable and management accounting.
• Experienced in accounting systems, with a strong bookkeeping background.
• Excellent attention to detail, appreciate consistency and accurate record keeping. With a good understanding of when to consider the bigger picture.
• Ability to perform critical analysis of budgets, forecasting and internal controls.
• Demonstrated commitment to continuous improvement orientation, with attention to detail that informs finance team improvements.
• Strong stakeholder engagement skills and building strong working relationships.
• Strong analytical and problem-solving skills, with ability to look for alternative solutions and implement.
• Strong skills in organising and planning.
• Strong skills in Excel. Self-sufficient in use of digital tools, such as Microsoft suite of applications (Outlook email, calendar, PowerPoint, Word and Teams).
• A continuous learner with the ability to remain abreast with the constantly changing MIPS environment.
• Qualification in (Accounting, Commerce, Business).
• CPA or similar qualification.

Highly Desirable:

• Experience working in an APRA regulated environment.
• MYOB experience.

Why work with MIPS?

• Hybrid working – enjoy work-life balance and the flexibility of working both remotely and from our centrally located CBD offices.
• Reward and recognition – we value your contributions and dedication with a comprehensive reward and recognition program.
• Professional development – we are committed to your growth, offering ongoing opportunities for professional development.
• Supportive culture – work in an environment that encourages collaboration, celebrates diversity and promotes inclusion.
• Wellbeing initiatives – we care about your health and happiness, with wellbeing programs to support you inside and outside the workplace.
• Community engagement – opportunity to give back to the community through volunteer leave days.
• Exclusive discounts – access a range of retailer discounts and novated leasing options to enhance your lifestyle.
• Social events – and much more!

Apply now and be part of an organisation that makes a positive impact while supporting you every step of the way.