GCM Financial Accountant II - UK
GCM Financial Accountant II - UK

GCM Financial Accountant II - UK

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join us as a Financial Accountant, managing key accounting activities and leading projects.
  • Company: M&T Bank is a leading American bank with a strong commitment to community and innovation.
  • Benefits: Enjoy flexible work options, competitive pay, and opportunities for professional growth.
  • Why this job: Make an impact in finance while mentoring others and enhancing your skills in a dynamic environment.
  • Qualifications: You need a degree in Accounting and at least 3 years of relevant experience.
  • Other info: This role is based in London and offers a chance to work on exciting financial projects.

The predicted salary is between 36000 - 60000 £ per year.

Supports all accounting-related activities, projects, analysis and/or conversions for an assigned area within Global Capital Markets (GCM). Responsible for development and management of operational accounting control functions in support of the Company accounting systems, including maintaining accounting entry flow process to support accurate and timely reconciliation of all general ledger accounts and internal and/or external reporting of financial information and regulatory reporting. Independently leads projects within or across the division and/or represents the division in enterprise-wide projects involving business partners outside the department. Conducts technical, highly complex and critical accounting-based research and analysis projects to provide management with definitive financial data and advice. Serves as mentor to less experienced staff.

Primary Responsibilities:

  • Support the monthly general ledger closing for an assigned area outside Finance, including analyzing and interpreting account fluctuations and monthly/quarterly reporting (could include manual processing).
  • Champion monthly variance analysis, reconciliations, tests of accounting data integrity, and work paper reviews.
  • Review accounting transaction documentation for completeness and accuracy; identify and work to resolve accounting issues and variances.
  • Provide guidance and mentoring to less experienced personnel; provide input to the annual review process for them.
  • Champion the improvement and implementation of existing processes and new processes related to the accounting for various products that enhance the efficiency and effectiveness of the department.
  • Support the integration of acquired portfolios to the Bank\’s general ledger.
  • Create business requirements documents and functional requirements as well as test and implement these new requirements.
  • Provide significant accounting and operational support throughout the department, ensuring appropriate levels of internal control.
  • Complete, and at times direct, related projects and highly specialized assignments in support of department initiatives.
  • Participate in and/or lead special projects related to accounting, financial reporting, regulatory reporting and/or policy and procedure review.
  • Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.

Scope of Responsibilities:

The position works independently under general supervision. This position interacts with internal business partners as well as internal and external auditors and assists less experienced personnel on more complex issues. The position will also provide coaching and guidance to less experienced team members.

Not applicable

Education and Experience Required:

  • Bachelor\’s degree in Accounting or related field with a minimum of 3 years’ post ACCA/CIMA qualification accounting experience, or in lieu of a degree, a combined minimum of 8 years’ higher education and work experience
  • Association of Chartered Certified Accountants (ACCA) or Chartered Institute of Management Accountants (CIMA) qualified
  • Proficient in the use of personal computers including word processing, spreadsheet presentations and industry-specific software
  • Experience in the application of Generally Accepted Accounting Principles (GAAP) principles
  • Experience in the application of International Financial Reporting Standards (IFRS) Accounting Standards
  • Experience developing and implementing financial controls
  • Detail oriented
  • Excellent understanding of financial risk, using it to critically appraise and develop processes and influence decisions.
  • Outstanding written and verbal communications skills.
  • Experience supervising less experienced accounting staff.

Education and Experience Preferred:

  • Experience in financial services accounting
  • Experience working in an agile environment

Physical Requirements:

Location

London, United Kingdom

Overview:

Supports all accounting-related activities, projects, analysis and/or conversions for an assigned area within Global Capital Markets (GCM). Responsible for development and management of operational accounting control functions in support of the Company accounting systems, including maintaining accounting entry flow process to support accurate and timely reconciliation of all general ledger accounts and internal and/or external reporting of financial information and regulatory reporting. Independently leads projects within or across the division and/or represents the division in enterprise-wide projects involving business partners outside the department. Conducts technical, highly complex and critical accounting-based research and analysis projects to provide management with definitive financial data and advice. Serves as mentor to less experienced staff.

Primary Responsibilities:

  • Support the monthly general ledger closing for an assigned area outside Finance, including analyzing and interpreting account fluctuations and monthly/quarterly reporting (could include manual processing).
  • Champion monthly variance analysis, reconciliations, tests of accounting data integrity, and work paper reviews.
  • Review accounting transaction documentation for completeness and accuracy; identify and work to resolve accounting issues and variances.
  • Provide guidance and mentoring to less experienced personnel; provide input to the annual review process for them.
  • Champion the improvement and implementation of existing processes and new processes related to the accounting for various products that enhance the efficiency and effectiveness of the department.
  • Support the integration of acquired portfolios to the Bank\’s general ledger.
  • Create business requirements documents and functional requirements as well as test and implement these new requirements.
  • Provide significant accounting and operational support throughout the department, ensuring appropriate levels of internal control.
  • Complete, and at times direct, related projects and highly specialized assignments in support of department initiatives.
  • Participate in and/or lead special projects related to accounting, financial reporting, regulatory reporting and/or policy and procedure review.
  • Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management.
  • Promote an environment that supports belonging and reflects the M&T Bank brand.
  • Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
  • Complete other related duties as assigned.

Scope of Responsibilities:

The position works independently under general supervision. This position interacts with internal business partners as well as internal and external auditors and assists less experienced personnel on more complex issues. The position will also provide coaching and guidance to less experienced team members.

Supervisory/Managerial Responsibilities:

Not applicable

Education and Experience Required:

  • Bachelor\’s degree in Accounting or related field with a minimum of 3 years’ post ACCA/CIMA qualification accounting experience, or in lieu of a degree, a combined minimum of 8 years’ higher education and work experience
  • Association of Chartered Certified Accountants (ACCA) or Chartered Institute of Management Accountants (CIMA) qualified
  • Proficient in the use of personal computers including word processing, spreadsheet presentations and industry-specific software
  • Experience in the application of Generally Accepted Accounting Principles (GAAP) principles
  • Experience in the application of International Financial Reporting Standards (IFRS) Accounting Standards
  • Experience developing and implementing financial controls
  • Detail oriented
  • Excellent understanding of financial risk, using it to critically appraise and develop processes and influence decisions.
  • Outstanding written and verbal communications skills.
  • Experience supervising less experienced accounting staff.

Education and Experience Preferred:

  • Experience in financial services accounting
  • Experience working in an agile environment

Physical Requirements:

Location

London, United Kingdom

About the company

M&T Bank Corporation is an American bank holding company headquartered in Buffalo, New York.

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GCM Financial Accountant II - UK employer: M&T Bank

M&T Bank Corporation is an exceptional employer, offering a dynamic work environment in the heart of London that fosters professional growth and development. With a strong emphasis on mentorship and collaboration, employees are encouraged to enhance their skills while contributing to meaningful projects within Global Capital Markets. The company promotes a culture of belonging and inclusivity, ensuring that every team member feels valued and supported in their career journey.
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Contact Detail:

M&T Bank Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land GCM Financial Accountant II - UK

✨Tip Number 1

Familiarise yourself with the latest developments in International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.

✨Tip Number 2

Network with professionals in the financial services sector, especially those who work in Global Capital Markets. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the company culture at M&T Bank.

✨Tip Number 3

Prepare to discuss specific examples of how you've improved accounting processes or implemented financial controls in your previous roles. Highlighting your experience in leading projects and mentoring staff will set you apart from other candidates.

✨Tip Number 4

Research M&T Bank's values and mission statement. Understanding their commitment to risk management and internal controls will allow you to align your answers during the interview, showcasing that you're a good fit for their team.

We think you need these skills to ace GCM Financial Accountant II - UK

Accounting Principles (GAAP)
International Financial Reporting Standards (IFRS)
Financial Analysis
Variance Analysis
General Ledger Management
Operational Accounting Controls
Financial Reporting
Regulatory Reporting
Project Management
Mentoring and Coaching
Attention to Detail
Problem-Solving Skills
Communication Skills
Process Improvement
Risk Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in accounting, particularly in areas like GAAP and IFRS. Emphasise any leadership roles or mentoring experiences, as these are key for the position.

Craft a Strong Cover Letter: In your cover letter, explain why you're passionate about the role and how your skills align with the responsibilities outlined in the job description. Mention specific projects or achievements that demonstrate your ability to lead and support accounting functions.

Showcase Technical Skills: Highlight your proficiency in accounting software and tools, as well as your experience with financial controls. Be specific about the systems you've used and any relevant certifications you hold, such as ACCA or CIMA.

Prepare for Potential Questions: Think about how you would answer questions related to financial risk management and process improvement. Be ready to discuss examples from your past work where you've successfully navigated complex accounting issues or led projects.

How to prepare for a job interview at M&T Bank

✨Know Your Accounting Standards

Make sure you're well-versed in GAAP and IFRS principles, as these are crucial for the role. Be prepared to discuss how you've applied these standards in your previous work experiences.

✨Demonstrate Leadership Skills

Since the position involves mentoring less experienced staff, be ready to share examples of how you've successfully led projects or guided team members in the past. Highlight your ability to foster a collaborative environment.

✨Prepare for Technical Questions

Expect to face complex accounting scenarios during the interview. Brush up on your technical knowledge and be ready to conduct analyses or solve problems on the spot to showcase your critical thinking skills.

✨Showcase Your Process Improvement Experience

The role requires championing process improvements. Prepare specific examples of how you've identified inefficiencies in accounting processes and implemented changes that enhanced effectiveness and efficiency.

GCM Financial Accountant II - UK
M&T Bank
M
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