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- Tasks: Join our finance team to ensure financial compliance and manage regulatory reporting.
- Company: Be part of a regulated public interest business with a commitment to governance and compliance.
- Benefits: Enjoy 25 days leave, free breakdown service, and a pension scheme with employer contributions.
- Why this job: Expand your skills in a dynamic environment while making a real impact on financial governance.
- Qualifications: Qualified accountant (ACA, ACCA, CIMA) with audit or compliance experience required.
- Other info: Flexible benefits and a supportive culture await you!
The predicted salary is between 36000 - 60000 £ per year.
The RAC is a regulated public interest business that has responsibilities to a number of external bodies, alongside standard governance and compliance responsibilities. We’re looking for a driven and detail-oriented Regulatory and Assurance Accountant to join our dynamic Group Finance team.
This role is ideally suited to a qualified accountant who has worked in audit or controls and is now looking to broaden their knowledge within a large and complex organisation. You’ll play a central role in ensuring financial compliance, managing regulatory reporting, and enhancing our Group-wide control environment.
Your Responsibilities
Financial Compliance and Regulatory Reporting
- Prepare regular financial regulatory reports to the FCA and PRA
- Create Board-level reporting for regulated entities and support reporting to the Risk & Audit Committee
- Collaborate with business stakeholders to assess regulatory impacts of strategic decisions
- Own the financial accounting for specific regulated entities
- Understand the Group’s financing structure, including covenant compliance, and lead related reporting
- Monitor governance developments and assess their financial implications on the Group
Financial Control
- Manage a Group-wide controls improvement programme, working closely with departments including IT and Risk
- Identify and implement improvements in financial control processes and remediate control deficiencies
- Partner with external auditors during controls testing, supporting with evidence provision and actions
- Own the monitoring and testing plan, including periodic testing and stakeholder engagement
- Produce regular summaries of the financial control environment for the Board
- Stay updated on governance trends and industry best practice, recommending internal control enhancements
About You
- Professionally qualified accountant (ACA, ACCA, CIMA), ideally with at least 1 year PQE
- Background in audit, controls, or regulatory compliance
- Strong understanding of accounting principles and financial regulations; IFRS experience essential
- Sharp attention to detail, with strong time management and organisational skills
- Proactive and hands-on, with the ability to make decisions quickly and challenge constructively
- Confident communicator with excellent stakeholder management skills
- Capable of working independently with conviction, while contributing to wider team goals
In return, weoffer
- FREE RAC Complete Breakdown Service from Day One.
- 25 days annual leave entitlement plus bank holidays.
- Option to join RAC’s Group Personal Pension scheme where we will match / contribute up to 6.5% on qualifying earnings.
- 2 x Basic Salary Core Employer funded Life Assurance cover (4 x for pension scheme members) with the option to flex up to 10 x cover through our flexible benefits offering.
- Enhanced Parental Leave
- Confidential personal support service, available 24 hours a day every day of the year for you and any family members ages 16+ in your household.
- Car salary sacrifice scheme – after 12 months of employment, where you’ll enjoy significant tax savings, including electric vehicle options.
- Access to Orange Savings, our online discounts portal offering 1000’s of savings on high street retailers, supermarkets, holidays, tech and much, much more.
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Regulatory and Assurance Accountant (Hiring Immediately) employer: Rac
Contact Detail:
Rac Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Regulatory and Assurance Accountant (Hiring Immediately)
✨Tip Number 1
Familiarise yourself with the latest financial regulations and compliance standards relevant to the FCA and PRA. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a rapidly changing regulatory environment.
✨Tip Number 2
Network with professionals in the finance and regulatory sectors, especially those who have experience in audit or controls. Engaging with industry peers can provide valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Prepare to discuss specific examples of how you've improved financial control processes in previous roles. Highlighting your proactive approach and ability to implement changes will resonate well with the hiring team.
✨Tip Number 4
Showcase your communication skills by being ready to explain complex financial concepts in simple terms. This is crucial for collaborating with stakeholders and will demonstrate your ability to bridge the gap between finance and other departments.
We think you need these skills to ace Regulatory and Assurance Accountant (Hiring Immediately)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as a professional accountant (ACA, ACCA, CIMA) and emphasises your experience in audit, controls, or regulatory compliance. Use specific examples that demonstrate your understanding of financial regulations and accounting principles.
Craft a Strong Cover Letter: Write a cover letter that showcases your attention to detail and proactive approach. Mention how your skills align with the responsibilities of preparing financial regulatory reports and managing governance developments. Be sure to express your enthusiasm for the role and the company.
Highlight Relevant Experience: In your application, focus on any previous roles where you managed financial compliance or worked with external auditors. Discuss your experience with IFRS and any specific projects that involved improving financial control processes.
Showcase Communication Skills: Since the role requires excellent stakeholder management skills, include examples of how you've effectively communicated with various stakeholders in past positions. This could be through presentations, reports, or collaborative projects.
How to prepare for a job interview at Rac
✨Understand Regulatory Frameworks
Familiarise yourself with the financial regulations relevant to the role, particularly those set by the FCA and PRA. Being able to discuss these frameworks confidently will demonstrate your preparedness and understanding of the regulatory landscape.
✨Showcase Your Audit Experience
Highlight your background in audit or controls during the interview. Be ready to provide specific examples of how you've contributed to financial compliance and improved control processes in previous roles.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to handle regulatory challenges. Prepare scenarios where you successfully navigated complex financial situations or improved compliance measures.
✨Demonstrate Stakeholder Management Skills
Since the role involves collaboration with various stakeholders, be prepared to discuss how you've effectively communicated and managed relationships in past positions. Use examples that showcase your ability to influence and engage others.
