Management Accountant (Lidcombe)

Management Accountant (Lidcombe)

11 Nov
|
THE STEPHEN MORAITIS FAMILY TRUST u0026 THE TRUSTEE FO
|
Lidcombe

11 Nov

THE STEPHEN MORAITIS FAMILY TRUST u0026 THE TRUSTEE FO

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 clear 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 environment

Adaptable 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)
🏢 THE STEPHEN MORAITIS FAMILY TRUST u0026 THE TRUSTEE FO
📍 Lidcombe

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