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

00052118

• Qualified and skilled technical and applied accountant, having gained initial experience in audit practice as Audit Manager and thereafter working with large international Banks
• At least 10+ years permanent experience working in financial services, including Investment and Retail banking such as Barclays, Mizuho and RBC.
• Reason for looking: contract ended
• Current Salary: £95k + bonus
• Notice - Available immediately

SKILLS:

Financial Services - International Retail, Investment Banking (large and medium size)

• Financial Controller
• Regional Finance Controller
• Finance Reporting Manager
• Legal entities controller
• BP&A Management Accountant
• Africa Entities
• Account Ownership and Reconciliation
• Systems auditor
• Audit Manager
• Group accountant
• Legal entity controller
• Financial accountant
• IFRS9, IAS 32&39, IFRS13, IAS12, IFRS5, IAS38, PPE, Intangible assets, statutory accounts
• BP&A - Budgeting and forecast including RAF, STP and MTP
• Funds Transfer pricing and Balance Sheet Control
• Investment products – Money markets, GELP, Bonds (sukuks), Repo’s, MTN, Forex, Futures, Interest rates Swaps, Equities, JBIS reporting, Debt and Share Capital
• Retail Products and portfolio – Home loans, BTL, Consumer Finance, Business Banking, Commercial Property, PPE, Intangibles, Customer Deposits, Wholesale deposits,

EDUCATION:

University of South Africa

Qualification: ACCA Qualified in 2006 / FCCA 2012 United Kingdom

Degree: Bachelor of Accounting Science (BCompt) - South Africa

Barclays Financial Markets (2014)

TECHNICAL SKILLS:

• Advanced Excel, Word, Sage, Hyperion, SAP R3, BW, Sage
• Global, EBS, Stratus, PRS, Super compact, Oracle, Caseware, Caseview,JD Edwards
• Sun, Pastel, Payroll, Figaro, ISS, Introduction to VBA and macros, TM1, Workday, Essbase Hyperion

ACHIEVEMENTS:

• Interest rate swaps reporting
• IFRS9 involvement. Implementation of EIR model
• Successfully setup of Accounts Ownership and Reconciliation (AO&R) process to ensure all account balances are reconciled and has ownership for BS on monthly basis
• Implementation of a variance analysis template to track Actual vs Budgets on retail products and providing commentary
• Lead role in delivering statutory accounts and group accounts
• Process improvement of Intercompany reporting using identifiers
• Accounting system implementation

CAREER HISTORY:

2015 – 2024

Fixed term contract roles in financial services

July 2024 -December 2024

Financial Services

Statutory

• Finalisation of the July-year-end bank accounts
• Assistance on automation of year-end pack from excel based to Workiva.
• Preparation of Cashflow statement
• Working with the CBG Group annual report team

December 2023 – June 2024

Banking

Statutory

• Preparation of the statutory accounts for 2 regulated entities and its parent
• Key contact with EY auditors, co-ordinating audit and finalising the financial statements
• Review of the Balance sheet recons

March 2023 – December 2023

Banking

Group Finance

• Review and manage share capital and debt issuance monthly and quarterly reporting
• Monthly MI reporting packs, financial reporting
• Employee long term IFRS2 share options/awards and trust reconciliations
• Debt issuance and Treasury shares disclosure ownership
• Working closely with Treasury on Interest rates swaps bookings.

September 2022 – March 2023

Financial services

Financial control

• Manage and review of all bank accounts in all 5 legal entities
• Manage and review of monthly VAT returns for submission
• Review Balance sheet recs and signoff attestation process
• Preparation of individual and Group accounts for year-end audit.

February 2022 – September 2022

Banking

Group Finance Manager

• Preparation of the Group consolidation management accounts following a successful purchase of its 1st subsidiary.
• Ownership of the Project accounting of the transitional accounting.
• IFRS16 calculations and drafting paper for technical review
• Assisting in the conversion of subsidiary from FRS102 to IFRS reporting.

September 2021 – February 2022

Banking

• Review of the EIR process and updating process and controls in Mortgages
• Review of Bank reconciliation process and oracle postings in Asset Finance
• Statutory Reporting and Group consolidated financial statements preparation and review.
• Month-end arrangement fees and Balance sheet attestation of Fee creditors accounts

January 2020 – June 2021

Financial services

Finance Reporting and Statutory

• Project role involving the acquisition of Nex International UK entities by CME Group based in USA
• Preparation of accounts from Workday accounting system (from previously Oracle)
• Statutory Reporting and Group consolidated financial statements preparation and review.
• Classification, measurement and disclosure of IFRS16/ IFRS9 including subsidiary and joint ventures
• Entities prepared included companies under UK Gaap and Singapore
• Liaising with external auditors and corporate accountants.

November 2018 – July 2019

Banking

Financial reporting

• Statutory Reporting and Group consolidated financial statements preparation and review. IFRS9 disclosure Classification and measurement and Impairments
• Month-end and QE reporting to Group including QE Transfo and Risque regulatory reporting
• Management of the Interest Rate Swaps (IRS) process. Updating hedging documents. Managing hedge effectiveness ratio between bond and IRS. Reconciliation to Clearing house statements

May 2018 – November 2018

Banking

Finance manager

• Review of IAS 38, identification of controls and process issues within Intangible assets. Updating current policy
• Working Capital Finance migration project – Take lead role in delivery a handover process of the Working Capital Solutions in Business Credit division
• Manage and control the effectiveness of the month-end and handover process
• IFRS9 disclosure – Assisting external reporting team on the IFRS9 disclosure for half year.

February 2018 – May 2018

Retail banking

• Month-end accruals and prepayments (Back filling)
• Review of EIR model and month-end reporting
• Review of Balances sheet recs

May 2017 – January 2018

Banking

Retail – IFRS9 impairments project

• Owning and managing the impairment line PL, reporting and analysis on Consumer finance products, Cards, Unsecured, motor and international portfolio
• Backfilling IAS39 role and introduction and insight to IFRS9 (Impairment stage reporting)
• Working closely with BU risk teams to ensure consistent production of monthly packs. (Flash vs Actuals vs Budgets vs Forecasting)
• Ownership of Motor portfolio, ensuring impairments, provisions and impaired lending balances posted accurately in SAP
• Preparation and co-ordination of monthly Crexco packs, Audit packs
• Chairing quarterly Impairment review meetings and governance procedures
• Motor vehicle month end reporting -Ensure the SOX controls checklist maintained and signed-off as per control framework.
• Review of control environment to confirm if they were adequate to Company policies and sign off on quarterly basis

April 2017

1-month FC fixed contract role with Ripple Wood Private Equity (Birmingham to London)

• Role required to set up management P&l and BS accounts which will feed into statutory accounts for a Private Equity firm under IFRS. Self-start role required to prepare a set of accounts.

February 2017 – March 2017 - 2 months (in between roles)

November 2015 – January 2017

Banking

Senior Finance Manager

• Reporting to the Chief Financial Officer
• Managing a team of 3 in the finance team including responsibilities for recruiting, performance development and retention of staff. (1 Qualified and 2 PQ)
• Review and management and responsible for the month-end, Quarter-end, Statutory accounts and Head Office submission in Qatar
• Review of accounting for Sharia Bonds (sale of sukuks, accounting for gains & losses through PL)
• Drafting of accounting papers (Deferred tax, EIR, Impairments for areas of subjectivity per IFRS accounting standards. Co-ordination of IFRS9 Gap analysis and credit I}
• impairment review
• Management of the budget and providing support to the strategic business plan
• Review of quarterly vat returns. Stakeholder management and priorities
• Systems Change Management and providing SME advice on project change environment of new AP SAP system. (Including review of design and UAT)
• Review of monthly flash report and CFO pack including KPI’s and analysis
• Managing all BS Account Ownership and Recon process. Managing Variance analysis on providing commentary
• Working closely with the Regulatory reporting team for key disclosures:

June 2013 – November 2015

Banking

Regional Financial Controller, Role based in Jhb, South Africa

Banking: Month-end and QE reporting for division in Retail Banking (9 months)

• Review of divisional tax packs (3 SBU)
• ME and QE review to Group finance including attestation and reconciliation review
• Quarterly reporting on Hyperion (HFM) for all notes to AFS. Super user

Group finance (6 months)

• IFRS5 note owner
• Management of year-end process and key contact to external auditors

Africa team (Country deployment and Projects - 9 months)

• Providing support to regional financial controllers during ME and QE, uploading from SAP to Analyst to
• Hyperion financial management tool
• Role involved deployment in Barclays Bank entities in ROA to embed process and changes
• Reviewing the flash vs actual reports and commentaries from business
• Review of process documents. Working with a Regulatory team for key disclosures
• Barclays Bank Botswana (1 month) Financial Control. Barclays Bank Tanzania (2 months) BP&A
• I was responsible for reviewing the SOX compliance document of the GL process. This included review process of new and old accounts that were authorised and signed off by Management

March 2013 – June 2013

Banking (Retail) /Project Management – relocation)

• Management of the project reporting and control for GIS
• Monthly reporting of all projects. Variance analysis and commentaries. Process documentation
• Review and involvement in the system change initiate as a subject matter expert on processes.

March 2011 – February 2013

Banking (Investment Banking)

AVP – Financial Control - Line of Business controller (18 months)

• Line of business control for GELP (global equity linked products) business within financial control.
• Monthly accounting of Pnl and BS for Equities Linked business (structured notes)
• Review of monthly commentary from Product Control and head office submissions
• Review of standards of documentation packages ensuring compliance with policy and attestation of balances (2nd level review)
• Liaison with PC control for St Rates, Credit, FIC and equities products.
• Management of the IG role to and maintain a strong control environment for Intra group reporting
• Recruiting, mentoring and training of 3 qualified staff and ensuring deliverables are met
• Identifying weakness in the processing system and changes to current system

July 2008 – March 2011

Banking

AVP Financial Control and reported to VP

• Production of monthly and quarterly consolidation reporting to Mizuho Securities and Mizuho Financial group in Tokyo. Including BS, Pnl, Intercompany reporting, on derivatives reporting, credit risk reporting to Japanese regulators.
• Monthly reporting to senior managers at BSR Committee on management accounts
• Production/reconciliation and automation of intercompany process and reporting differences to head office for eliminations.
• Extracting derivatives data (swaps) to compile interest/credit/currency related matching report differences between company and counterparties.
• Liaising with Front (debt and equity) and Back-office colleagues
• Performing reconciliations and assisting product control on financial reporting issues.

February 2007 – July 2008

Banking

Finance Manager

• Managing a team of 2 staff in finance and reported to the financial controller of UK subsidiaries
• Preparation of the Clearly business subsidiary financial accounts for Barclays team and year-end external audit under IFRS
• Monthly/Quarterly submission of consolidation financial accounts to Barclays Group
• Involved in the strategic decision-making process and company growth support.
• Involved in weekly product management and forecasting and budgeting process.
• Analysing and reporting on profitability and operational ratios and movements in numbers.
• Managing the trading stock register and valuations. Accounts receivable and Accounts payable
• Reconciling intercompany balances with subsidiaries and Barclays
• Review of reconciliations of costs on SAP with other cost centres and Barclays/man accounts
• Review reconciliation of SAP and monthly management accounts
• Managing and completing quarterly VAT returns for Barclays VAT team

April 2002 – January 2007

Language speaking company

• Supervision of all accounting functions including bookkeeping, statutory records, receipts revenue cycle, payroll and payments supplier cycle and controls.
• Performed reconciliations on all bank accounts including foreign bank accounts and foreign exchange transactions.
• Aided non-finance and managers on budget preparations and reports.
• Assisting in the preparation of management accounts, budgeting and cost allocation.

September 2001 – December 2001

Asset Management

Project accountant and Systems audit

• Reported to Management accountant
• Carried out investigations on individual client bank accounts during a system conversion from ISS to Figaro. Recalculated dividend valuation, agent’s commission, tax credits and sale/purchase of shares and stocks.
• Reviewed all deal amendments

April 1997 – July 2001

Accountants

AUDIT MANAGER

• Reported to Audit Partner
• Assisted with the valuations of small businesses using cash flows and other methods of valuation
• Audit and reviews of client’s audit files of major clients.
• Audit and review of the monthly clients bookkeeping and management accounts.
• Audit and review of all balance sheet accounts. Consolidations of group companies, elimination of inter-company transactions. Compiled group cash flow statements
• Responsibilities - senior trainee clerk (2 years)
• Responsibilities - junior trainee accountant (2 years)

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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