At a Glance
- Tasks: Join our Finance team to ensure accurate financial reporting and improve accounting processes.
- Company: Kroo Bank, on a mission to revolutionise banking for the better.
- Benefits: Generous holiday allowance, mental health support, hybrid working, and development opportunities.
- Other info: Diverse and inclusive workplace with excellent career growth potential.
- Why this job: Make a real impact in a dynamic environment while growing your career in finance.
- Qualifications: Qualified accountant with 2-3 years' banking experience and strong analytical skills.
The predicted salary is between 40500 - 49500 £ per year.
Description
We’re on a mission to build the world’s greatest social bank.
We believe that banking needs to change for the better.
When money is used correctly, it can transform our daily lives and positively impact the planet.
We’re looking for a qualified accountant with at least three years’ experience working in banking to join our Finance team as a Senior Financial Accountant.
The successful candidate will take ownership of key financial accounting activities, support month end and year end reporting and maintain effective financial controls.
You will also help implement accounting processes for new products and transactions, improve existing processes and support automation across Finance.
How you will contribute and key responsibilities
As a Senior Financial Accountant, you will help ensure Kroo Bank delivers accurate, complete and timely financial reporting.
You will take responsibility for key elements of the month end and year end close, maintain strong balance sheet controls and ensure the integrity of financial data.
You will support technical accounting assessments and ensure new products and material transactions are appropriately accounted for.
Working closely with colleagues across Finance, Treasury, Risk and Operations, you will contribute to financial reporting, process improvements and finance transformation initiatives.
Your responsibilities will include
- Prepare and manage key elements of the month end and year end close processes
- Prepare financial reporting, management information and supporting analysis
- Maintain and enhance financial accounting processes and controls
- Prepare and review balance sheet reconciliations, including loans, deposits, derivatives and other financial instruments
- Reconcile and monitor loan portfolios, provisions and related balances
- Support impairment assessments and loan loss provisioning
- Prepare technical accounting papers and document accounting judgements where required
- Implement accounting and financial control processes for new products and initiatives
- Ensure the completeness and accuracy of financial data and investigate discrepancies
- Support the preparation of statutory financial statements and associated disclosures
- Assist with external audit, internal audit and regulatory reporting requirements
- Respond to accounting and reporting queries across the bank
- Drive automation to improve reporting, reconciliations, controls and month end efficiency
- Support system improvements and finance transformation projects
- Work closely with stakeholders across Finance, Risk, Treasury and Operations
Requirements
- Qualified accountant (ACA, ACCA or equivalent)
- At least 2/3 years’ experience working in banking, with relevant financial accounting, reporting or financial control responsibilities
- Strong understanding of IFRS and its application within a banking environment
- Strong understanding of banking products and their accounting treatment, including loans, deposits and treasury assets such as covered bonds and RMBS
- Experience of month end and year end reporting, balance sheet reconciliations and financial controls
- Experience with impairment and loan loss provisioning is highly desirable
- A background in financial services audit at a Big Four or other accountancy firm would be beneficial
- Strong analytical and problem solving skills
- A proactive approach to process improvement and automation
- Excellent attention to detail and the ability to manage competing deadlines
- Strong communication and stakeholder management skills
- Advanced Excel skills, with experience of other reporting, automation or AI tools beneficial
Benefits
What we offer
- We offer a range of benefits to support our employees both in and outside work:
- Generous holiday allowance: 25 days’ annual leave, eight bank holidays, one Kroo bank holiday on 24 June and one day off during the week of your birthday.
- Personal days: Three personal days to use as needed.
- Volunteering: Up to four hours per month of employer sponsored volunteering time.
- Mental health support: Access to Spill, our mental health support partner.
- Workplace pension: A workplace pension with a 5% employee contribution and a 3% employer contribution.
- Equipment: The equipment you need for hybrid working, including a Mac Book laptop and support towards your home office setup if required.
- Modern office: Access to our office in Farringdon, Central London.
- Cycle to Work scheme: Support for sustainable travel.
- Electric Car scheme: Access to our Electric Car scheme.
- Enhanced parental leave: Support for employees starting and growing their families.
- Development opportunities: Opportunities to develop your skills and progress as the bank grows.
- Healthcare: Healthcare cover for you and your immediate family through Vitality.
Hybrid Working
This role is based in London and follows our hybrid working policy, combining remote working with time in our Farringdon office.
We currently expect office attendance approximately once a month, with arrangements agreed to support the needs of the role and team.
The role operates Monday to Friday.
Diversity and Inclusion
We are committed to creating a diverse and inclusive workplace where every employee is valued, respected and supported.
Diversity, equality and inclusion inform how we work and make decisions across the bank.
Reasonable adjustments are available to all candidates throughout the recruitment process.
To all Recruitment Agencies
Kroo Bank does not accept unsolicited agency CVs.
Please do not submit CVs through our job advertisements or directly to Kroo Bank employees.
We will not accept responsibility for fees arising from unsolicited submissions.
All candidates should apply directly through the advertised platform.
Please do not contact the company or its employees by email, Linked In or other channels for application enquiries or updates, as these will not receive a response.
Thank you for your understanding and cooperation.
Senior Financial Accountant in London employer: Kroo Bank
Kroo is an exceptional employer that prioritises integrity, transparency, and a customer-centric culture, making it a fantastic place for a Compliance Manager to thrive. With generous benefits including 25 days of annual leave, mental health support, and opportunities for personal growth in a dynamic fintech environment, employees are empowered to make a meaningful impact while enjoying a modern workspace in Central Manchester. The company's commitment to diversity and inclusion further enhances its welcoming atmosphere, ensuring every team member feels valued and supported.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Financial Accountant in London
✨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 Kroo Bank. 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 Senior Financial Accountant in London
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 Kroo Bank.
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 Kroo Bank'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 Kroo Bank
✨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 Kroo Bank.
✨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 Kroo Bank 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 Kroo Bank 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.
