At a Glance
- Tasks: Join us as a Financial Accountant, managing accounting activities and leading projects in Global Capital Markets.
- Company: M&T Bank is a leading American bank headquartered in Buffalo, New York, committed to diversity and inclusion.
- Benefits: Enjoy competitive pay, flexible work options, and opportunities for professional growth and mentorship.
- Why this job: Be part of a dynamic team, make impactful decisions, and develop your skills in a supportive environment.
- Qualifications: You need a degree in Accounting or related field, with 3 years of experience or equivalent education and work.
- Other info: This role is based in London, UK, 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
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 specific accounting software and tools mentioned in the job description. Being proficient in these systems can give you a significant edge during the interview process.
✨Tip Number 2
Brush up on your knowledge of GAAP and IFRS standards, as well as any recent changes in financial regulations. This will not only help you answer technical questions but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare examples from your past experience where you've successfully led projects or mentored less experienced staff. Highlighting these experiences can showcase your leadership skills and ability to work collaboratively.
✨Tip Number 4
Network with professionals in the financial services sector, especially those who have experience in Global Capital Markets. Engaging with them can provide insights into the role and potentially lead to referrals.
We think you need these skills to ace GCM Financial Accountant II - UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in accounting, particularly any roles that involved GAAP and IFRS principles. Emphasise your qualifications, such as ACCA or CIMA, and include specific examples of projects you've led or contributed to.
Craft a Strong Cover Letter: In your cover letter, address how your skills align with the responsibilities outlined in the job description. Mention your experience with financial controls and your ability to mentor less experienced staff, as these are key aspects of the role.
Showcase Analytical Skills: Highlight your analytical skills by providing examples of how you've conducted variance analysis or reconciliations in previous roles. This will demonstrate your capability to handle the technical aspects of the position.
Prepare for Potential Questions: Think about potential interview questions related to risk management and internal controls. Be ready to discuss how you've identified and escalated risk-related issues in past positions, as this is crucial for the role.
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. Be prepared to discuss how you've applied these standards in your previous roles, as this will demonstrate your technical expertise and understanding of the accounting landscape.
✨Showcase Your Analytical Skills
Since the role involves variance analysis and reconciliation, be ready to share specific examples of how you've tackled complex financial data. Highlight any projects where your analytical skills led to improved processes or outcomes.
✨Emphasise Mentorship Experience
As the position requires mentoring less experienced staff, be prepared to discuss your experience in coaching others. Share examples of how you've guided team members and contributed to their professional development.
✨Demonstrate Process Improvement Initiatives
The company values efficiency and effectiveness, so come equipped with examples of how you've championed process improvements in your past roles. Discuss any specific initiatives you led that enhanced operational controls or reporting accuracy.