Senior AVP, Accountant

Recruiter
Michael Page Banking and Financial Services
Location
City
Salary
£55000 - £70000 per annum
Posted
15 Feb 2017
Closes
15 Mar 2017
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time

Senior AVP, Accountant

City of London

Banking & Financial Services

Client Details

Senior AVP, Accountant

City of London

Banking & Financial Services

Description

Senior AVP, Accountant

The Finance function is responsible for preparing and reporting the firm's financial position. The team is currently made up of four teams; Management Reporting (BP&A), Financial Reporting and Statutory, Tax and Control.

THE ROLE'S PURPOSE:

Support the team, taking on responsibility for specific reconciliations and ad hoc work as required whilst a current member of the team transitions into a newly created role.

The Control team is responsible for:

  • Ensuring accuracy of the General Ledger compared with upstream systems and processes - this includes all accounts and balances within the ledger and involves understanding and reconciling data from Product Control reported revenues, Accounts Payable accruals and prepayments, payroll database, and project accounting
  • Preparation and control of P&L and balance sheet data to ensure that data in the ledger is complete and accurate to facilitate the production of statutory reporting performed by the Financial Reporting team - this includes reclassifications, netting, consolidation review of SPV, performing hedge accounting effectiveness testing and journals, processing of FX management for expense ledgers, sell down of year end P&L to retained earnings
  • Co-ordination and completion of the balance sheet substantiation process - the team is responsible for the substantiation of certain accounts, and co-ordinates with other functions to ensure that the remainder of the balance sheet is understood and supported effectively to external sources
  • Liaison with front office and all relevant trade support teams, specifically product control, operations, technology, legal, risk and finance to ensure appropriate trade booking and representation within our systems
  • Implementation of projects to support improvements to the systems flows through the General Ledger and to ensure that appropriate controls are in place around these flows.

KEY RESPONSIBILITIES:

  • Reporting to a VP as part of team of 4 staff
  • Involvement in the month end processes, reconciling revenues between reported MI and GL and undertaking appropriate balance sheet reconciliations and adjustments
  • Production and analysis of expense data
  • Reconciliation of cash balances between the firm's primary systems - from Operations controlled systems to the General Ledger (Oracle)
  • Quarterly balance sheet substantiation
  • Support for the team on other adhoc activities including supporting senior management.

Profile

  • Be a qualified ACA / ACCA / CIMA accountant
  • Relevant experience in a similar role
  • Strong balance sheet control and substantiation experience
  • Have strong documentation and reporting skills
  • Strong MS Excel and Oracle projects and fixed assets modules skills preferred
  • Understanding of banking products and their accounting treatment
  • Knowledge of IFRS / UK GAAP

Job Offer

  • Base from £55,000 to £70,000
  • Excellent company benefits package (more detail here on application)
  • Immediate profile given leaner finance function