Financial Accountant
Paying up to £80k base + discretionary bonus
cer Financial are working with an exciting international bank. They are implementing a new GL and are looking for an all-round, hands-on Financial Accountant to join their team on an initial 18 month fixed term contract.
Purpose:
My client is looking for an accounting professional performing: Financial (60%), Management accounting (20%) and Treasury (20%). This role is critical in the production of financial information for key stakeholders. We are looking for a person who has the skills and personality that can add value and make improvements whilst at the same time can deliver excellent service level to the other departments. This is an all-rounder position and will provide the post holder a good insight into running a bank and the required financial control framework. There will be lots of exposure to both the Executive and Non-Executive teams.
Responsibilities:
- Integrity of the Banks General Ledger (Oracle)
- Provision of accurate financial information by having a good understanding of accounting basics: pre-payments, accruals, financial instruments and the accounting concepts of revenue recognition.
- Prepare the month end Management accounts providing analysis of performance against budget. This includes the MI pack to both ALCO and EXCO. Briefing the CFO on major movements and investigating movements where required.
- Produce the Daily Reporting (Daily Liquidity Returns, NSFR, Daily Capital Asset Ratio, Large Exposures). A candidate with this experience be at an advantage with this skill set but they can provide full training which would clearly be beneficial to any candidate.
- Take part in Production or review of the Daily Proft and Loss and Daily Balance Sheet
- Working as part of the team to produce the Financial/Statutory accounts and respond to requests from the external auditors.
- To assist with the production of the Annual Budget process. Ensuring a good audit trail of all assumptions.
- Preparation of the quarterly VAT return, in accordance with the PESM agreed with the HMRC.
- Assist with the Corporation Tax returns, and preparation of the quarterly Corporation Tax payment.
- Preparation of Balance Sheet reconciliations monthly. This includes the maintenance of accruals and prepayments working schedules.
- Oversight and supervision of the Accounts Payable Clerk. Review and provide guidance especially in respect of Nostro reconciliations, and other ledger bookings to the direct report.
- Assist in the Preparation of Pillar 2, and quantitative input for the ICAAP and ILAAP documents as required.
- Maintain and update departmental procedures.
- Ad hoc reporting and analysis as required and directed by the Head of Financial Control or Deputy.
- Support the Regulatory reporting team with their BAU work as required.
Experience & Skills required:
- A qualified accountant CIMA/ACCA/ACA
- Financial Services experience with broking or banking preferable. This knowledge could be gained from auditing FS entities.
- Exposure to accounting for fixed interest financial instruments or a key willingness to learn if knowledge is only at a theoretical level.
- An individual who takes a strong pride in their work with a focus key deliverable date. The ability to manage their time is critical over numerous demands from internal customers.
- Excellent presentation skills with the ability to produce intelligent clear presentation packs in power point.
- Proven ability in English in respect of written and verbal communication. Able to provide examples of communications with external auditors and drafting accounting papers.
- Oracle Flexcube knowledge desirable
- Regulatory reporting experience