At a Glance
- Tasks: Lead financial integrity by managing monthly Balance Sheet reconciliations and enhancing internal controls.
- Company: Join a global talent solutions business that embraces digital innovation.
- Benefits: Competitive pay, flexible working options, and opportunities for professional growth.
- Other info: Dynamic role with potential for career advancement in a supportive environment.
- Why this job: Make a real impact on financial processes while collaborating with diverse teams.
- Qualifications: Experience in Balance Sheet reconciliations and strong communication skills required.
The predicted salary is between 40000 - 50000 £ per year.
In this role, you will play a key part in strengthening the financial integrity of the organisation by leading and managing the monthly Balance Sheet reconciliation process and providing assurance on the internal control environment, which includes:
- Working as a manager within the Compliance and Accounting Control team with responsibility for managing monthly reconciliations.
- Providing additional leadership capacity to the team to oversee the monthly balance sheet reconciliation process, ensuring timely and robust financial control.
- Addressing reconciliation issues, specifically undertaking root cause diagnostics, implementing permanent fixes in the underlying process that improve the efficiency and effectiveness of the reconciliation process while increasing the level of internal control assurance on an ongoing basis.
- Reviewing, recommending and implementing bespoke reconciliation software solutions to improve the automation and timeliness of reconciliations.
- Collaborating with colleagues at all levels and across all areas, offering guidance on financial accounting and control matters, and fostering strong relationships with both internal and external stakeholders.
- Promoting the consistent application of financial policies and procedures to ensure alignment with external standards and internal institutional policies.
Balance Sheet Reconciliations: In the preparation and review of monthly reconciliations, ensuring all reconciliations have supporting documentation, investigating and resolving reconciling items and aged balances, clearing historic unreconciled differences, maintaining audit schedules and audit trails.
Financial Control: Ensure integrity and accuracy of the general ledger, support month-end and year-end close processes, monitor suspense, accrual, prepayment, and control accounts, identify control weaknesses and recommend improvements, ensure compliance with accounting policies and procedures.
Analysis and Investigation: Analyse unusual movements or variances in accounts, review trends and identify risks or errors, perform root-cause analysis on discrepancies, work with operational teams to resolve underlying issues.
Audit and Compliance: Provide supporting evidence for internal and external auditors, ensure reconciliations meet audit standards, support statutory accounts preparation, assist with compliance around VAT, payroll, treasury, or tax reconciliations where relevant.
Stakeholder Engagement: Liaise with AP, AR, payroll, treasury, tax, and operational teams, communicate outstanding issues and actions clearly, escalate material risks or unresolved items.
Planning & Organising: Balance competing demands from various areas, including Compliance and Accounting, finance business partners, and other finance teams, while also addressing external demands such as audits and investment custodians. Lead or actively participate in cross-team projects and initiatives, representing Compliance and Accounting and advocating for robust financial accounting processes and controls. Contribute to setting financial priorities in alignment with the team's overall objectives, considering the impact on both the team and the broader organisation. Apply a thorough understanding of relevant financial policies and processes, and effectively communicate these to both technical and non-technical colleagues across the organisation. Evaluate potential risks associated with financial decisions and implement strategies to mitigate them.
Education, Qualifications & Training: Desirable - High proficiency in Excel, including ability to create functions and formulas. Significant senior level experience of Balance Sheet reconciliations in a high value, high volume organisation. Experience and understanding of financial controls and audit requirements in large and complex organisations. Financial and statutory accounting experience, in particular reporting under FRS 102 and Charities SORP. Excellent communication and relationship-building skills to effectively partner with stakeholders and promote collaboration. Background in external audit or experience managing external auditor relationships. Experience with large accounting systems (e.g., Oracle Fusion).
