At a Glance
- Tasks: Manage cost controls, oversee accounts payable, and ensure financial integrity.
- Company: BACB, a UK bank specialising in trade finance for Africa and the Middle East.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with excellent career advancement opportunities.
- Why this job: Join a dynamic team making a real impact in international trade finance.
- Qualifications: Qualified Accountant with strong data skills and attention to detail.
The predicted salary is between 32400 - 39600 £ per year.
About Us
BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East.
About Us
BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East.
We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK.
Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.
- Additional Info
- Hybrid Working: 3 days onsite, 2 from home
- Location: City of London
- Contract Type: Permanent
- Job Summary
Responsible for ensuring that the Bank has effective controls and monitoring in place in respect of its overhead costs and accounts payable process.
Oversees the Bank’s fixed asset and capitalisation accounting and project management cost monitoring.
Responsible for VAT and PSA returns.
Along with other members of the financial control team responsible for a comprehensive set of controls designed to mitigaterisk and ensure the integrity of financial information.
- Key Work Outputs And Accountabilities
- Responsible for ensuring the Bank has effective controls and monitoring in place in respect of its overhead cost
- Overseeing the fixed asset accounting, including monitoring of additions/ disposals and ensuring that the correct depreciation and capitalisation requirements are applied
- Overseeing the Bank’s project management cost monitoring process including ensuring appropriate tracking and escalation of project spend.
- Manage the accounts payable process ensuring that the Bank’s vendors are paid within required timescales and regulatory / control requirements are adhered too.
- Manage and develop the Accounts Payable Assistant
- Assisting the monthly general ledger close including reviewing manual entries for cost and overheads, lease accounting, payroll/staff benefits etc
- Responsibility for the investor fee accrual process including preparing MI for internal meetings
- Perform review of month end activities carried out by other members of the Financial Control team.
- Contribute to the preparation of the annual financial statements, including being responsible for the preparation of individual note disclosures
- Provide responses and data for external and internal audits
- Review and submit the Bank’s quarterly VAT return
- Responsible for the preparation and submission of the PSA return.
- Contribute to the preparation of the Bank’s corporation tax return including supporting Pillar 2 requirements.
- Performing the balance sheet substantiation for the accounts owned by the finance team (including VAT control accounts, accruals and prepayments, payroll and staff expenses suspense accounts etc).
- Including the responsibility for escalation and follow up of any issues identified
- Along with other members of the financial control team perform and review risk control self-assessments (RCSAs)
- Along with other members of the financial control team responsible for the integrity of the general ledger and reporting systems – this includes set up of new accounts, deletion of dormant accounts and maintenance of GL mappings
- Participate and contribute to ad-hoc projects.
- Required Qualifications And Experience
- Qualified Accountant ideally ACA, ACCA, CIMA
- Ideally previous experience in a cost reporting
- A working knowledge of indirect taxation
- Good working knowledge of controls
- Good data and numeracy skills with attention to detail with ability to maintain accuracy at all times
- Good communication and interpersonal skills including the ability to maintain good relationships with external vendors
- The ability to work autonomously and take
- Strong organisational skills with the ability to ensure efficiency whilst balancing priorities
- #J-18808-Ljbffr
Cost Control & Reporting Manager employer: BACB plc
BACB is an exceptional employer, offering a dynamic work environment in the heart of the City of London. With a strong focus on employee growth and development, we provide opportunities for professional advancement while promoting a hybrid working model that balances office and remote work. Our commitment to fostering a collaborative culture ensures that every team member feels valued and empowered to contribute to our mission of supporting trade finance in specialist markets.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Control & Reporting Manager
✨Tap into Campus Networks
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We think you need these skills to ace Cost Control & Reporting Manager
Some tips for your application 🫡
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How to prepare for a job interview at BACB plc
✨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 BACB plc.
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Before your interview, reach out to current or former BACB plc 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.
