If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.

00128309

Interview Notes:

• Over 19 years of experience working in financial control, preparing statutory accounts, coordinating audits, and dealing with auditors.
• Managed accounting software, project-managed new accounting software implementation, covering testing, balance transfer, and parallel running.
• Prepared financial statements under IFRS, UK GAAP, and US GAAP
• Worked with various departments to prepare budgets, track income, and expenses, and monitor variances.
• Has experience in regulatory reporting for PRA and FCA
• Run both accounts payable and accounts receivable.
• Reason for looking: current company is restructuring
• Current salary: £90k + bonus
• Notice period 4 weeks

KEY SKILLS:

• Banking & Financial Services Senior Professional Accountant
• Strong management and financial accounting skills under UKGAAP, USGAAP, IFRS, SOX
• Systems upgrade and project managed various implementations.
• Diligent and accurate Accountant with a vibrant personality
• FCA regulatory reporting including FSA001, FSA002, FSA014, FSA015, FSA017, FSA047, FSA048, FSA050, FSA051, FSA052, FSA053, FSA054 and BoE reporting.
• Led teams of up to 3 heads
• Software used includes Microsoft Office including VLOOKUP, hlookup, pivot tables NetSuite, Oracle Financial, Agresso, Orbit and Hyperion. T24, GL Enquiry, JD Edwards, SAP, Peoplesoft, SUN

EDUCATION:

2014: Prince2 Practitioner (Lapsed)

2010: ACCA Qualified

2002 – 2005: Degree: BA Accounting and Finance

1998 – 2002: HND Business Information Technology

CAREER HISTORY:

December 2021 – present

Fintech Company

Financial Reporting Manager

• Take ownership of statutory reporting process, liaising with auditors, tax team and wider finance department to ensure statutory accounts are filed on time.
• Analyse, recommend and drive through improvements in the general ledger (NetSuite)
• Analyse current practices, recommend improvements and put them in place.
• Drive close of the general ledger in accordance with month-end timetable and review work delivered by finance analysts.
• Perform/review reconciliations and journal entries to ensure all transactions are recorded accurately and timely (right first time)
• Prepare monthly statutory entity packs (P&L, Balance Sheet, and Cash Flow) by region/market, inclusive of commentaries (not only ensuring completeness and accuracy but understanding the drivers)
• Deliver all local regulatory/ compliance/ tax reporting.
• Support departments and finance business partners on financial accounting matters, including accuracy of results across departments and commentary on material entries.
• Work with finance teams to streamline and standardise month-end processes.
• Seek to constantly improve and implement best practices within the team.

June 2021 – December 2021

Financial Services company

Financial Controller

• Assist with the implementation of new PESM and filing of quarterly VAT return.
• Assist with monthly reporting.
• Assist with balance sheet attestations.
• Update procedure documents.

September 2019 – June 2021 (FTC)

Investment Management Company

Senior Associate Accountant

• Month end reporting, incl. variance analysis
• Fixed asset recording and depreciation
• Bank reconciliations.
• Assist with accounts payable and receivables.
• VAT for several jurisdiction and Tax returns
• FCA and MAS returns MAS.
• Annual Financial statement preparation
• Assist with the annual audit.
• Budgeting and Cashflow for UK and Portuguese entities
• ONS reporting

April 2019 – September 2019 (contract)

Investment Management Firm

Financial Analyst

• Performed 4-year historical review of VAT and GST return for the UK, Singapore, Australia, New Zealand, Japan, China, and India. Gaining knowledge and understanding of various VAT/GST regimes
• Prepare finance statements under several GAAPs including Norwegian, French, and Swiss.
• Assist in the project to outsource VAT/GST reporting for all regions to PWC.
• Prepare Analysis on functional currencies for new entities.

April 2018 - March 2019 (FTC)

Investment Bank

Finance Manager

• Managing a team of three
• Implementation of new accounting software (Oracle)
• Merging of two entities following change of control
• VAT group simplification and quarterly VAT returns
• Month end reporting
• Budgeting and forecasting
• Manage AP and AR
• Dealing with auditors and preparing financial statements
• Regulatory reporting FCA and BOE

September 2017 – March 2018 (contract)

Global Bank

VAT Accountant

• Review & update existing procedures for all VAT related tasks to ensure compliance & risk mitigation.
• Review and enhance files & processes to ensure that the BoA Spreadsheet Control Policy is met.
• Review of current monthly VAT processes with a view to suggesting/implementing improvements to create efficiencies.
• Provide holiday coverage for monthly VAT compliance tasks.
• Assist with enhancing the VAT control framework & supervisory review documentation.
• Liaise with members of the finance across EMEA to ensure appropriate escalation of issues, sharing of knowledge and ensure consistency of EMEA VAT compliance tasks.

August 2015 – September 2017 (employment)

Investment Bank

Financial & Regulatory Accountant

Large investment bank, offering amongst other things, advisory, Fixed Income, corporate finance, and Equities.

• Daily/Monthly revenue reconciliation and reporting
• Prepare invoices / Chase for payments when overdue and clear age receivables.
• Intercompany and balance sheet reconciliations
• Monthly management accounts including variance analysis and commentary.
• Testing and implementing updates to SUN system.
• Managing migration from SUN to SAP
• Budget preparation/Review
• Assist with month end close.
• Assist with Audit
• Prepare/ review financial statements.
• Quarterly FCA returns, FSA 001, 002, COREP (credit risk, market risk), Asset Encumbrance

April 2015 - August 2015 (contract)

Telecomms Company

Project Accountant

A leading independent telecommunications company in Africa. This company acquires builds and manages telecoms infrastructure.

• Assist with data reconciliation and migration from Sage to SAP by Design
• Identify and assist with implementation of improvements to SAP by Design
• Assist with Month end reporting.

September 2014 - March 2015 (contract)

International Bank

Regulatory Accountant

Gulf International Bank (UK) Limited is privately owned investment manager. The firm provides services to its individual and institutional clients.

• Monthly and quarterly submissions of the following
• Preparation of the COREP returns.
• FRS testing / review of output.
• UAT – Flexcube/Murex into FRS via an interface.
• Other monthly regulatory reporting to FCA/BOE to include the following: FSA001, FSA002, FSA014, FSA015, FSA017, FSA047, FSA048, FSA050, FSA051, FSA052, FSA053, FSA054
• BOE reports – BT, CE, ELS, CL

April 2014 - September 2014 (contract)

Investment Bank

Financial & Regulatory Reporting Manager

CAB is specialist provider of payment, cash management, trade, treasury, and investment services. They are experts in working with emerging and fragile markets, and offer tailored, practical, and effective solutions built on deep local knowledge and experience of complex environments.

• Managing a team of three producing and reviewing daily, monthly & quarterly regulatory returns.
• Monthly and quarterly financial reporting
• FSA001, FSA002, FSA014, FSA015, FSA017, FSA047, FSA048, FSA050, FSA051, FSA052, FSA053, FSA054
• BOE reports – BT, CE, ELS, CL

Assisting with the implementation of new accounting systems, testing the regulatory reporting system is linked correctly to new accounting system, testing data flows enabling returns to be produced. Mapping of data from new accounting system to rFrame.

February 2014 – March 2014 (Contract)

Financial Services

Manager

A global network of professional firms providing Audit, Tax and Advisory services.

• Supervising a team of 3 in implementing K-Trinity for clients’
• Manage timetable of implementation
• Prepare costing and profitability analysis for new projects.
• Manage the implementation of KPMG new accounts preparation software for its clients.
• Prepare statutory accounts under UK GAAP and IFRS for clients.

September 2013 – January 2014 (Contract)

Investment Banking

Financial Controller

Offers investment banking and underwriting services.

• Monthly reconciliation of the financial data stream(s) to the financial reporting system(s).
• Communication and investigation of breaks between systems to the business.
• Working with the business to understand and resolve issues going forward.
• Production of monthly MI packs across the Global Credit business and individual businesses within Global Credit Structured trading.

March 2013 - September 2013 (Contract)

Financial Services Company

Finance Manager

• Contact point between PeopleSoft consultants and finance re implementation of new accounting system.
• Monthly financial close process including accruals and account analysis, cash postings, revenue accounting, and account reconciliations, ensuring all activities are completed in a timely and accurate manner.
• Weekly Treasury activities.
• The keeping of all financial records, accounts, and schedules to the requirements of the auditors and general accepted accounting standards and practices.
• Review and sign off of accurate management information including, statistical data, financial statements, and management reports, on a timely basis.
• Maintenance of Sarbanes Oxley process documentation in specific areas of responsibility, ensuring controls are undertaken as documented.
• Preparation of UK GAAP financial statements
• Monthly cost review and reporting of variances and key drivers.
• Cost allocations

September 2012 – January 2013 (Contract)

International Bank

Manager, Financial & Management Reporting

• Ensuring accuracy, integrity, and timely submission for all reporting, using UK general ledgers as source
• Ensuring full reconciliation between management, financial and statutory reporting packs
• Intercompany reconciliation, dealing with overseas entities.
• Liaison with GFD regarding new IFRS instructions, group reporting, and resolution of queries subsequent to packs submission.
• Interaction with internal and external auditors
• To prepare and review monthly ledger accounting with our offshore based FSSC support.
• Overseeing relevant PCS pack submission with assistance of offshore based FSSC support.
• Assist with Forecast processes.
• Build relationships with wider WB Finance, Product Control, Group Finance, FSSC reporting team, UK and Group Taxation and assist where required.

December 2010 – September 2012

Financial Services Company

Senior Financial & Regulatory Reporting Accountant

• Co-ordinate and oversee the month end reporting.
• Mentor and develop 2-part qualified accountants.
• PRA Reporting – Forms BT, ELS, BE, AD, AL CL, and CC.
• Production of FCA returns – forms FSA001, FSA003, FSA004, FSA008, FSA029, FSA030, FSA036, FSA047 and FSA048.
• Production of Monthly financials (P&L, Balance sheet and assisted notes)
• Balance sheet checks and reconciliation, ensuring balances are recorded correctly.
• Variance analysis and commentary.
• Intercompany reconciliation – balance sheet and PL and payments
• Production of Group reporting packs under IFRS
• UK subsidiary accounts under IFRS
• Board paper preparation and presenting at board meetings.
• Debtors ageing and provision where necessary.
• Preparation of month end/year end accrual data
• Variance analysis on ledger movements
• Production of statutory branch tax accounts
• Production of quarterly VAT return

May 2007 – November 2010

Anglo Irish Bank Plc

Financial Accountant

in lending to property developers in England and the Republic of Ireland.

• Preparing statutory accounts from trial balance under IFRS, including all disclosure and notes, particularly IAS 32,39 and IFRS 7.
• Prepare accounts using UK GAAP
• Group accounts for 30 UK group companies under IFRS.
• Change management of Auditors
• Bad debt ageing, reconciliation and preparation, including DCF calculation.
• 2 direct reports – prepare & review objectives, training & development.
• Post IFRS adjustments for Covered Bond entity.
• Bank reconciliations.
• Balance sheet / intercompany reconciliations
• P&L and Balance sheet analytical review with commentary
• Presentation to board members of movements on balance sheet
• Review of development of accounting policy and create template for the team.
• Maintain fixed asset register, reviewing invoices ensuring correct capitalisation and depreciation.
• Central cost recharge allocation
• Prepare Audit files.

January 2005 – May 2007

Jones Lang LaSalle Ltd

Financial Accountant

Jones Lang LaSalle is a global real estate services firm specialising in commercial property management, leasing, and investment management.

• Bank reconciliation/ Treasury/Cash flow Management.
• Statutory accounts under UK GAAP
• Balance sheet reconciliation and substantiation
• Monthly Management Accounts for local and global units with commentary
• Including the marketing and facilities department with annual budgets over £5m
• Assist with budgeting and reforecast.
• Raise monthly inter-company invoices/ Reconcile inter-company accounts, revaluation of balances, deal with AP to ensure balances are settled.
• Raise Accounts receivable invoices and process accounts payable.
• Prepare VAT / Corp Tax return.
• Monthly fixed assets addition and disposal schedule/depreciation reconciliation
• Prepare Payroll Settlement Agreement (PSA) annually.
• Prepare FSA Returns

If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.

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