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For Companies 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.
- Why this job: Join a dynamic team making a real impact in international trade finance.
- Qualifications: Qualified Accountant with experience in cost reporting and strong data skills.
- Other info: Collaborative environment with excellent career advancement opportunities.
The predicted salary is between 43200 - 72000 £ 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. 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 mitigate risk 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 costs.
- 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 to.
- 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 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 initiative.
- Strong organisational skills with the ability to ensure efficiency whilst balancing priorities.
Cost Control & Reporting Manager in London employer: BACB
Contact Detail:
BACB Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Control & Reporting Manager in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and banking sectors, especially those who have experience with cost control. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of VAT and accounts payable processes. We want you to showcase your expertise and how it aligns with BACB's needs. Practice common interview questions and think of examples from your past work that highlight your skills.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in their minds. Mention something specific from your conversation to show you were engaged and are genuinely interested in the role.
✨Tip Number 4
Apply through our website for the best chance at landing that Cost Control & Reporting Manager position. It shows you're serious about joining BACB and gives us a direct line to your application!
We think you need these skills to ace Cost Control & Reporting Manager in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Cost Control & Reporting Manager role. Highlight your relevant experience in cost reporting and financial controls, and don’t forget to showcase your qualifications like ACA or ACCA!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for BACB. Mention your understanding of trade finance and how your skills can contribute to the team’s success.
Show Off Your Attention to Detail: In finance, details matter! When filling out your application, double-check for any typos or errors. This shows us that you have the meticulousness we need for managing accounts and financial reporting.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at BACB
✨Know Your Numbers
As a Cost Control & Reporting Manager, you'll need to demonstrate your strong data and numeracy skills. Brush up on key financial metrics and be ready to discuss how you've used them in previous roles. This shows you can maintain accuracy and attention to detail, which is crucial for the position.
✨Understand the Company’s Focus
BACB has a specific focus on trade finance related to Africa and the Middle East. Research their operations and understand the unique challenges in these markets. This will help you tailor your answers and show that you're genuinely interested in the role and the company.
✨Prepare for Scenario Questions
Expect questions about how you would handle specific situations, like managing accounts payable or overseeing project costs. Prepare examples from your past experience where you successfully navigated similar challenges. This will highlight your problem-solving skills and ability to work autonomously.
✨Showcase Your Communication Skills
Good communication and interpersonal skills are essential for this role, especially when dealing with external vendors. Be prepared to discuss how you've built and maintained relationships in previous positions. This will demonstrate your ability to collaborate effectively within a team and with external partners.
