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- Tasks: Support accounting activities and manage operational controls for Global Capital Markets.
- Company: Join M&T Bank, a leading financial institution committed to excellence and innovation.
- Benefits: Enjoy flexible working options, competitive pay, and opportunities for professional growth.
- Why this job: Gain hands-on experience in finance while contributing to impactful projects in a collaborative environment.
- Qualifications: Bachelor's degree in Accounting or related field; ACCA/CIMA students welcome.
- Other info: Work independently with support from experienced personnel in a dynamic team.
The predicted salary is between 36000 - 60000 £ per year.
Overview:
Supports all accounting-related activities, projects, analyses 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 Bank\’s accounting systems for an assigned area, 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.
Primary Responsibilities:
- Support the monthly closing of the general ledger for assigned area outside Finance, including analyzing and interpreting account fluctuations and monthly/quarterly reporting (could include manual processing).
- Support monthly variance analysis, reconciliations, tests of accounting data integrity and work paper review.
- Review accounting transaction documentation for completeness and accuracy; research account variances.
- Work with more experienced personnel in supporting 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.
- May support integration of acquired portfolios to the Bank\’s general ledger.
- May support creation of business requirements documents and functional requirements as well as test and implement these new requirements.
- Prepare accounting reports specific to assigned area in a timely and accurate manner.
- Assist with problem resolution and data interpretation, complete mechanical review and variance analysis, and ensure timely submission of reports.
- Complete accounting tasks in a manner compliant with applicable laws and regulations and/or that serve to help the Company comply with laws and regulations that apply to the business line the position supports.
- Participate in departmental task and project planning and other administrative duties.
- 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 Bank business partners as well as internal and external auditors with support of more experienced personnel.
Supervisory/Managerial Responsibilities:
Not Applicable
Education and Experience Required:
- Bachelor\’s degree in Accounting, or related field with significant Accounting coursework, or in lieu of a degree, a combined minimum of 4 years\’ higher education and/or work experience
- Studying Association of Chartered Certified Accountants (ACCA) Stage 1 The Applied Knowledge or Part Qualified studying ACCA Stage 2 The Applied Skills or; Studying Chartered Institute of Management Accountants (CIMA) Operational Level or Part Qualified studying CIMA Management Level
- Proficient in the use of Personal Computers including word processing, spreadsheet, presentations and industry-specific software.
- Experience in the application of International Financial Reporting Standards (IFRS) Accounting Standards
- Good technical aptitude with curiosity and desire to learn new tools and skills
- Excellent verbal and written communication skills
- Experience adhering to strict deadlines
- Motivated for quality and excellent service delivery
- Detail oriented
- Prior experience being highly flexible and adaptive to change
- Experience working in a collaborative environment
Education and Experience Preferred:
- Part Qualified ACCA/CIMA
Location
London, United Kingdom
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GCM Financial Accounting Analyst I - 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 Accounting Analyst I - UK
✨Tip Number 1
Familiarise yourself with International Financial Reporting Standards (IFRS) as they are crucial for this role. Brush up on your knowledge of these standards and be prepared to discuss how you've applied them in previous experiences.
✨Tip Number 2
Network with professionals in the accounting field, especially those who work in Global Capital Markets. Attend industry events or join relevant online forums to gain insights and potentially get referrals.
✨Tip Number 3
Demonstrate your analytical skills by preparing examples of past variance analyses or reconciliations you've conducted. Be ready to explain your thought process and the impact of your findings.
✨Tip Number 4
Showcase your adaptability and willingness to learn new tools and processes. Highlight any experiences where you've successfully navigated changes in accounting practices or technology.
We think you need these skills to ace GCM Financial Accounting Analyst I - UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of the GCM Financial Accounting Analyst I position. Emphasise your accounting coursework, any relevant projects, and your familiarity with IFRS.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses how your background and skills make you a great fit for this role. Mention your motivation for applying and how you can contribute to the team at M&T Bank.
Showcase Your Technical Skills: In your application, highlight your proficiency in accounting software and tools, as well as your ability to work with spreadsheets and presentations. Mention any specific software you have experience with that is relevant to the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial for an accounting role.
How to prepare for a job interview at M&T Bank
✨Know Your Accounting Standards
Familiarise yourself with International Financial Reporting Standards (IFRS) as they are crucial for this role. Be prepared to discuss how you have applied these standards in your previous experiences.
✨Demonstrate Analytical Skills
Since the role involves variance analysis and account reconciliation, be ready to showcase your analytical skills. Prepare examples of how you've successfully interpreted financial data and resolved discrepancies in past positions.
✨Highlight Your Technical Proficiency
Make sure to mention your experience with accounting software and tools. Discuss any specific programmes you’ve used and how they helped you improve efficiency in your previous roles.
✨Showcase Your Communication Skills
As the position requires interaction with various stakeholders, emphasise your verbal and written communication abilities. Prepare to give examples of how you've effectively communicated complex financial information to non-financial colleagues.
