Management Accountant (Lidcombe)

Management Accountant (Lidcombe)

09 Nov
|
Morcofresh
|
Lidcombe

09 Nov

Morcofresh

Lidcombe

About Us

The Morco business has expanded to become Australia's leading supplier of fresh produce to the food service sector. With operations spanning Sydney, Melbourne, Brisbane, Townsville, Perth, Adelaide, and Darwin, Morco stands as the only national provider to the food service sector in Australia. Our success is built on three essential pillars: our people, our customers, and our growers. Each complements the other seamlessly. We are a national business with a local heart, dedicated to bringing you the very best in fresh produce.

https://www.morcofresh.com.au/our-story/

About the role

The Management Accountant – Wholesale is responsible for the financial reporting, budgeting, cost management and internal control functions of Morco Fresh's wholesale fresh produce operations. Morco Fresh supplies fresh fruit and vegetables from growers to food service and wholesale customers through its national network of distribution centres. The role prepares financial statements and management reports for the directors, analyses produce margins, operating costs and wastage, appraises cash flow and customer credit risk, and advises management on financial planning, taxation and accounting systems to support decision-making and the strategic governance of the business.

Key responsibilities

- Assist in formulating and reviewing budgetary and accounting policies for the wholesale division, including customer credit terms, cash handling, perishable stock valuation, stock write-offs and month-end close procedures

- Prepare monthly, quarterly and year-end financial statements and management accounts for the wholesale division for presentation to the directors, senior management, external auditors and lenders

- Conduct financial investigations into customer account discrepancies, unallocated receipts, pricing and credit note disputes and suspected irregularities, prepare reports, advise management on corrective action, and support the annual external audit

- Examine operating costs, income and expenditure of the wholesale business, including margin analysis by produce line, customer and distribution centre, produce wastage and shrinkage, freight and cost-to-serve, and variance analysis against budget





- Provide assurance on the accuracy of financial information by reviewing bank, cash, debtor, grower and supplier, and inventory reconciliations, and ensure financial reports comply with Australian Accounting Standards and statutory requirements

- Provide financial and taxation advice to management on business plans and operations, including working capital, customer credit limits and terms, seasonal produce pricing and the GST treatment of fresh and value-added products

- Prepare and review BAS, IAS and taxation work papers for the wholesale division, and coordinate preparation of the company income tax return with the external tax agent

- Liaise with banks and financial institutions on banking facilities, merchant and cash management arrangements, and prepare cash flow forecasts that reflect seasonal produce cycles and grower payment terms

- Maintain and improve the PRONTO ERP accounting system, and advise on the selection, configuration and application of system modules and reporting tools for receivables, cash, pricing and inventory

- Design, maintain and monitor internal control systems over cash receipts, banking, customer credit approvals, credit notes, pricing adjustments and stock transactions across warehouse and distribution operations

- Appraise cash flow and financial risk, including food service customer credit risk, aged receivables exposure, and capital expenditure proposals for cold storage, warehouse and fleet assets

- Supervise and review transactional accounts receivable and cash processing to ensure accuracy, timeliness and compliance with internal controls

Operational finance responsibilities

- Oversee and review daily bank reconciliations and the investigation of outstanding reconciling items





- Review and explicit unallocated cash receipts and ensure customer receipts are processed on a same-day basis

- Review reconciliations of cash-on-hand balances to cash book records and approve banking deposits

- Monitor daily cash movements and provide cash position summaries and analysis to management

- Oversee daily customer account reconciliations and the preparation of customer statements

- Review aged receivables, manage overdue accounts and escalate credit risk issues to management

- Produce daily and weekly debtor reports and manage customer credit monitoring

- Investigate and resolve customer account discrepancies and payment allocation issues

- Prepare and distribute weekly sales reports and accounts receivable executive reports

- Review and approve credit note requests, validate supporting documentation and ensure approved credit notes are processed accurately

About you

- Minimum 1 year of experience in management accounting, commercial finance or a similar professional accounting role

- Experience in a high-volume fresh produce, food or wholesale distribution environment working with ERP systems

- Demonstrated experience in budgeting, forecasting, cost and margin analysis, cash flow management, credit risk and inventory accounting

- Strong analytical, financial reporting and problem-solving skills

- High level of accuracy and attention to detail

- Ability to manage competing priorities and meet daily, weekly and month-end deadlines

- Strong written and verbal communication skills

- Intermediate to advanced Microsoft Excel skills, including XLOOKUP, SUMIFS, PivotTables and financial reconciliations

- Experience using PRONTO or a comparable ERP system

- Strong understanding of Australian Accounting Standards, taxation requirements, internal controls and inventory accounting

- Must be able to work onsite 5 days per week

- Ability to work in a high-volume, time-critical fresh produce warehouse and distribution setting

- Versatile for early morning shift: 2:00 AM – 10:00 AM to cover staff

- Bachelor's degree in Accounting, Finance, Commerce or a related discipline, with CPA, CA or IPA membership (or eligibility)

📌 Management Accountant (Lidcombe)
🏢 Morcofresh
📍 Lidcombe

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