Head of Financial Reporting & Control

Principality Building Society
11 Jan 2018
16 Feb 2018
Contract Type
Full Time

Do you want to be in a role where you can really make a difference?

Are you a transformational leader with a strategic eye?

Would you love to be part of a vibrant, forward-thinking organisation with a strong core strategy and impeccable reputation?

A business that has ambition, integrity and is willing to take calculated risks?

Principality are looking for a Head of Financial Reporting & Control at a crucial time. Whilst undergoing the biggest transformation in the organisations 160 year history, we’re looking for an experienced leader who is prepared to roll their sleeves up and support others to be the best they can be! You will take ownership of our Finance Operations team and play a key role in the change and development of the business.

Along with the day to day role, you will sponsor key change initiatives within finance which will contribute to wider change programmes.

The successful candidate will be a member of key Committees and lead the approval of accounting judgements and statutory reporting through Audit Committee.

The role comes with a very competetive package, negotiable dependent on skills and experience.

What you will do:

Financial Reporting and control

The successful candidate will lead all aspects of Financial Accounting & Reporting, including the production and publication of the Annual Report & Accounts and all other statutory accounts.

The role holder will lead the interaction with the external auditor, the production of monthly, half-yearly and annual results for the Society, including communication of the performance to Executives and the Board, and the production of Board, ExCo, ALCo and other relevant Committee MI.

Regulatory reporting

The role holder will lead the production, review and submission, of all financial, capital, liquidity and interest rate risk regulatory reporting to the EBA, PRA, FCA and BoE, together with the production and publication of the Pillar III disclosures.


The successful candidate will lead the engagement with Audit Committee for Financial Reporting, including the production and presentation of relevant papers and MI. They will own the Society’s accounting judgements, making recommendations to Audit Committee to support statutory reporting.

The role holder will represent the Society as an attendee of the Pension Trustees Board, and will lead for the Society in implementing, monitoring and amending the scheme investment strategy.

What we are looking for:

Technical Skills

The successful candidate will be a qualified accountant with substantial post qualification experience in relevant roles and strong technical accounting skills. They will have knowledge of corporation, payroll and VAT taxes as well as substantial knowledge and understanding of IFRS9 impairment requirements, and experience of implementation in a financial services institution.

Understanding and knowledge of securitisation structures and other forms of secured funding transaction is needed as is understanding of hedge accounting principles and the requirements of IAS32/39.

The role holder will have substantial knowledge and understanding of defined benefit pension schemes and understanding of the current regulatory environment including understanding of capital, liquidity and interest rate risk.

Previous Experience

This senior role requires strong leadership and communication skills along with the ability to operate at both a technical functional level and at a strategic level. Experience of leading and managing a large team, including being a manager of managers is essential.

Due to the exciting changes on the horizon for Principality, experience leading significant change projects or programmes is needed as well as substantial experience of financial statements production, review and audit.


The role holder will need strong communication and influencing skills, with proven ability to contribute effectively at Board committee level, and to chair management committees.

The successful candidate will be required to contribute to the strategic decision making of the organisation through membership of the strategic leadership team and key decision-making committees.

Who are we?

With 53 branches and 18 agencies across Wales and the borders, Principality is the 6th largest Building Society in the UK. As a mutual society, we are owned by and run for the benefit of our 500,000 members.

It’s an exciting time to join us as we’re currently on a Group wide transformational journey that will see our brand, technology, colleague and customer offerings updated and enhanced to really put Principality on the map and make us a brand and employer of choice within Wales and beyond. This is supported by our recent sponsorship of the iconic Principality Stadium, which has put us on a global stage.

As a business, Principality is keen to recruit talented individuals who are interested in joining a company in which they can really make a difference. Although the Society has been established for nearly 160 years, we pride ourselves on a progressive culture, which encourages its employees to thrive.

What can we offer you?

As well as a great working environment with a strong family feel and plenty of opportunities for development and growth, you can expect a generous package that includes car allowance, pension, bonus and incentive schemes , free life assurance cover, critical illness protection, private healthcare and the option to buy extra holiday each year.

You can also be a part of our Sports & Social club which gives our colleagues access to discounted theatre, sporting and family events and to top it all off, we always have tickets up for grabs for the latest events at Principality Stadium.

As Principality colleagues, we want you to walk a mile in our customer’s shoes. This is why we provide all staff with £100 to open a savings account at your lo