At a Glance
- Tasks: Ensure accurate financial reporting and collaborate with teams to enhance processes.
- Company: Join Allica Bank, the UK's fastest-growing fintech firm.
- Benefits: Flexible working, private health cover, and a supportive work environment.
- Other info: Diverse culture with opportunities for personal and professional growth.
- Why this job: Make a real impact in a dynamic bank while developing your career.
- Qualifications: 2-3 years post ACCA/ACA qualified with banking experience.
The predicted salary is between 40500 - 49500 £ per year.
About Allica Bank
Allica is the UK's fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech. Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.
Role Description
This role plays a critical part in safeguarding the accuracy and integrity of financial reporting on the lending portfolio. This role demands a proactive mindset, with a focus on identifying risks, improving processes, and implementing robust controls. You will collaborate closely with finance, operations, risk, and external auditors to maintain transparency and uphold the highest standards of governance. Success in this role means not only meeting deadlines but also continuously enhancing efficiency, reducing manual intervention, and leveraging technology to streamline reporting. The role will suit someone highly motivated, thrive in a fast-paced and dynamic environment, and embrace the challenges and opportunities that come with working in a growing, ambitious bank.
Principal Accountabilities
- Maintain accurate record of loan balances, repayments and amortisation schedules.
- Reconcile loan ledger entries and ensure correct classification of assets.
- Calculate and report interest income, accruals, and amortisation using Effective Interest Rate (EIR) methodology.
- Ensure accurate revenue recognition in line with accounting standards.
- Prepare reports monthly, quarterly and annually to support regulatory reporting and internal management.
- Manage fee schedules related to 3rd party lending products.
- Support implementing and integrating new product.
- Support on BBB claim management.
- Support external audits and internal controls.
Personal Attributes & Experience
- 2-3 years post ACCA/ACA qualified.
- Experience working in banking or financial services.
- Able to interpret complex financial data and identify trends, anomalies, or risks.
- Manages multiple priorities, deadlines, and reporting cycles.
- Collaborates effectively with finance, operations, risk, and external auditors.
- Takes initiative to improve processes, controls, and reporting accuracy.
Working at Allica Bank
At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers. Our employees are at the heart of everything we do, so our benefits are designed with you in mind:
- Full onboarding support and continued development opportunities
- Options for flexible working
- Regular social activities
- Pension contributions
- Discretionary bonus scheme
- Private health cover
- Life assurance
- Family friendly policies including enhanced Maternity & Paternity leave
Don’t tick every box? Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!
Flexible working
We know the '9-to-5' isn’t right for everyone. That's why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.
Diversity
We're a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.
Financial Accountant employer: Allica
Allica Bank is an excellent employer that prioritises employee growth and development within a dynamic and supportive work culture. Located in a vibrant area, we offer competitive benefits and the opportunity to make a meaningful impact in the lending sector, ensuring fair outcomes for our customers while fostering strong relationships. Join us to be part of a team that values innovation and collaboration as we scale our operations.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Accountant
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Allica. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Financial Accountant
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Allica.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Allica's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Allica
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Allica.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Allica will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Allica employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
