Company:
Michael Page US
Location: Stamford
Closing Date: 26/10/2024
Salary: £100 - £125 Per Annum
Hours: Full Time
Type: Permanent
Job Requirements / Description
- Exciting opportunity for CPA Big 4 auditor to help set up a US banking entity
- Opportunity to work remotely for the next 6 months until new office is set up
About Our Client
High growth company, very well established international firm who is opening up a US banking entity.
Job Description
The Role:
This role will report to the Financial Controller of the Bank and will provide support in:
- Supporting the project phase to stand up U.S. GAAP accounting and associated financial controls for the Bank.
- Establishing and supporting entity reporting for the bank, covering initially the banknote business and expanding to other business areas over time.
- Engaging a variety of stakeholders across the bank including Front Office, Finance, Operations, and IT.
- Providing quality, accurate, and timely analysis and information to management which encompasses the development, management, and understanding of month-end reporting and the control environment.
Key Responsibilities:
- Month end Reporting:
- Involved in the monthly financial close process of the Bank:
- Support Financial Controller facilitate execution of U.S. Income Statement and Balance Sheet Close process within agreed-upon timelines (revenue, expenses, intercompany, and balance sheet validation).
- Ensure local and group level close checklists have been executed; track key risk indicators for areas requiring improvement.
- Support monthly data warehouse validation and release post monthly close.
- Coordinate with head office on changes and work closely with the Financial Controller and other bank stakeholders to properly implement applicable changes.
- Assisting with the production of monthly management accounts including analysis of variances and production KPIs.
- Engaged in Group recharges and transfer pricing arrangements.
- Helping with the improvement of core Front Office systems data flows to the general ledger to support improved automation and straight-through processing.
- To improve the timeliness of the month-end reporting cycle.
- Management Reporting:
- Contributor to the production of monthly divisional management accounts including analysis of variances and production of commentary.
- Liaison with the wider business to ensure that certain revenue, costs, assets, and liabilities are correctly reported.
- Assisting in preparation of Group MI pack, Executive Team pack, and Board reports.
- Provision of analysis and explanation to internal and external auditors.
- Statutory Reporting:
- Assisting with the audit of the Bank.
- Production of relevant accounting policies and procedures disclosures.
- Responsibility for accounting for the Bank's local statutory audits.
- Financial Control:
- Financial Accounting:
- Ensure that transactions/business activity are appropriately accounted for.
- Engaged in the monthly preparation of full income statement and balance sheets across the Bank.
- Support the annual audit and financial statement preparation process.
- Control Environment:
- Balance Sheet substantiation in accordance with Group policy.
- Continuously evaluate existing processes and make changes which enhance efficiency and control.
- Project work Analysis:
- Help spearhead initiatives with oversight of the Financial Controller to ensure projects continually progress to completion.
- Assist in providing insights about the impact of proposed projects on costs and financial performance.
- Identification and explanation of trends with particular focus on underlying drivers and impact on working capital.
- Assisting in the automation of FIG processes and reconciliations.
- Other Duties:
- Development and maintenance of strong internal controls.
- Assisting on ad-hoc analysis to Divisional Heads, Executive Team, and Board.
- Assistance in group-wide project work.
The Successful Applicant
- Experience of working within financial services, Banking, and regulated entities.
- Experience of end-to-end process flows and data quality management of FX or volume payments processes or wholesale banking physical notes business preferred.
- Experience of international groups or working in an international role or Foreign Banking Organization.
- Intermediate/Advanced Excel and SUN Systems 5.
- SQL and Access Database experience desirable.
- Good interpersonal and communication skills both written and verbal.
- Good analytical abilities, with an enquiring mind.
- Robust, capable of clearly and strongly articulating position.
- Technically competent on accounting matters and Microsoft Office programs. Knowledge of SUN desirable.
Personal Attributes:
- Hard working, conscientious, and trustworthy.
- Responsible - willing to take personal responsibility for delivery against deadlines.
- Excellent attention to detail.
- Flexible and adaptable approach.
- Willing to learn and keen to develop role.
- Team player.
- Professionalism.
- Works and portrays a professional manner both internally and externally.
- Understands the need for integrity at all times and confidentiality position demands.
- Delivering Results.
- Ability to work under pressure and meet set deadlines.
- Striving for excellence and always wanting to learn.
- Making a personal difference.
- Demonstrates a positive attitude at all times.
- Embraces change and constantly searches for improvements.
- Prepared to go the extra mile where necessary.
- Responds positively to feedback even where development areas are identified.
What's on Offer
Attractive base and bonus.
Initial remote working with future hybrid schedule.
Opportunity to join a successful firm in high growth mode and work on many projects.
Work with senior management and directly to the financial controller.
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Michael Page US