Sterling Williams are working alongside an international Bank based in the West End of London of who are looking to hire a Financial & Product Accountant on a 2 year Fixed Term Contract (initially). This will suit a newly or 1-5 year Post Qualified Accountant, or Auditor looking to make a move into a Bank.

Financial & Product Accountant

Salary circa £ pa plus benefits

West End of London based; 4 days per week in the office with 1 from home

An accounting professional performing both Financial (50%), Management accounting (30%) and Treasury (20%). This role is critical in the production of financial information for key stakeholders, both internally and externally. While the team progresses through a period of transition with the introduction of a new GL the Team needs 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 within the bank. 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 which will require a good understanding of accounting basics: pre-payments, accruals, financial instruments and the accounting concepts of revenue recognition.
• Preparation of 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 variances and investigating movements where required.
• Production of the Daily Reporting (Daily Liquidity Returns, NSFR, Daily Capital Asset Ratio, Large Exposures). A candidate with this experience will be at an advantage but we can provide full training which would clearly be beneficial for an individual looking to expand their marketable experience.
• Being part of the team in the 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.
• It is a requirement to have provable experience in dealing and responding to both external and internal audit questions. This experience could come from working as an auditor in a large practice. During the application process candidates will need to demonstrate how they have managed the timely management of closing audit points across the business not just in Finance.
• Assist in the Preparation of Pillar 2, and quantitative input for the ICAAP and ILAAP documents as required.
• 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 AND SKILLS:

• A qualified accountant CIMA/ACCA/ACA
• Financial Services experience with a broking or banking background preferable. This knowledge could be gained from auditing FS entities.
• Due to the level of training provided, this role would suit an individual from an audit firm with complex FS experience wishing to move into banking.
• 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 on delivering to required deadlines. The ability to manage their time is critical over numerous demands from internal customers.
• Strong computer skills – excellent working knowledge of Excel, and Power Point. Ability of creating presentations of complex financial information in a graphic form.
• Proven ability in English in respect of written and verbal communication. Able to provide examples of communications on drafting accounting papers, new business reviews and answering director questions.
• Oracle Flexcube knowledge desirable.
• Ideally some knowledge and overview of regulatory reporting,
• Great interpersonal skills, and experience of working with senior management.