At a Glance
- Tasks: Join a dynamic team to manage financial reporting and analysis for an international bank.
- Company: International bank located in the vibrant West End of London.
- Benefits: Competitive salary, flexible working, and comprehensive training opportunities.
- Other info: Exciting role with potential for career growth and development.
- Why this job: Gain invaluable experience in banking while working closely with senior management.
- Qualifications: Qualified accountant with financial services or auditing experience preferred.
The predicted salary is between 60000 - 75000 £ per year.
Sterling Williams are working alongside an international Bank based in the West End of London who are looking to hire a Financial Product Accountant on a 2 year Fixed Term Contract (initially). This will suit a newly or 1-5 year Post Qualified Accountant, or Auditor looking to make a move into a Bank.
Financial Product Accountant Salary circa £ pa plus benefits. West End of London based; 4 days per week in the office with 1 from home.
An accounting professional performing both Financial (50%), Management accounting (30%) and Treasury (20%). This role is critical in the production of financial information for key stakeholders, both internally and externally. While the team progresses through a period of transition with the introduction of a new GL, the Team needs a person who has the skills and personality that can add value, and make improvements, whilst at the same time can deliver excellent service level to the other departments within the bank. This is an all-rounder position and will provide the post holder a good insight into running a bank and the required financial control framework. There will be lots of exposure to both the Executive and Non-Executive teams.
Responsibilities:
- Integrity of the Banks General Ledger (Oracle).
- Provision of accurate financial information which will require a good understanding of accounting basics: pre-payments, accruals, financial instruments and the accounting concepts of revenue recognition.
- Preparation of the month end Management accounts providing analysis of performance against budget. This includes the MI pack to both ALCO and EXCO.
- Briefing the CFO on major variances and investigating movements where required.
- Production of the Daily Reporting (Daily Liquidity Returns, NSFR, Daily Capital Asset Ratio, Large Exposures).
- Being part of the team in the production or review of the Daily Profit and Loss and Daily Balance Sheet.
- Working as part of the team to produce the Financial/Statutory accounts and respond to requests from the external auditors.
- To assist with the production of the Annual Budget process. Ensuring a good audit trail of all assumptions.
- Preparation of the quarterly VAT return, in accordance with the PESM agreed with the HMRC.
- Assist with the Corporation Tax returns, and preparation of the quarterly Corporation Tax payment.
- Preparation of Balance Sheet reconciliations monthly. This includes the maintenance of accruals and prepayments working schedules.
- It is a requirement to have provable experience in dealing and responding to both external and internal audit questions.
- Assist in the Preparation of Pillar 2, and quantitative input for the ICAAP and ILAAP documents as required.
- Ad hoc reporting and analysis as required and directed by the Head of Financial Control or Deputy.
- Support the Regulatory reporting team with their BAU work as required.
EXPERIENCE AND SKILLS:
- A qualified accountant CIMA/ACCA/ACA.
- Financial Services experience with a broking or banking background preferable. This knowledge could be gained from auditing FS entities.
- Due to the level of training provided, this role would suit an individual from an audit firm with complex FS experience wishing to move into banking.
- Exposure to accounting for fixed interest financial instruments or a key willingness to learn if knowledge is only at a theoretical level.
- An individual who takes a strong pride in their work with a focus on delivering to required deadlines.
- The ability to manage their time is critical over numerous demands from internal customers.
- Strong computer skills - excellent working knowledge of Excel, and Power Point.
- Ability of creating presentations of complex financial information in a graphic form.
- Proven ability in English in respect of written and verbal communication.
- Able to provide examples of communications on drafting accounting papers, new business reviews and answering director questions.
- Oracle Flexcube knowledge desirable.
- Ideally some knowledge and overview of regulatory reporting.
- Great interpersonal skills, and experience of working with senior management.
Financial Accountant employer: Sterling Williams LTD
Sterling Williams offers an exceptional opportunity for Financial Accountants to thrive in the dynamic environment of an international bank located in the vibrant West End of London. With a strong emphasis on employee development, the company provides comprehensive training and exposure to senior management, fostering a culture of collaboration and innovation. The flexible working arrangement, alongside competitive salary and benefits, makes this role not only rewarding but also conducive to a balanced work-life experience.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Accountant
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance world, especially those who work in banks or financial services. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and understanding of financial products. We recommend practising common interview questions and scenarios related to financial accounting to show you're ready to hit the ground running.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation. It keeps you fresh in their minds and shows your enthusiasm for the role.
✨Tip Number 4
Apply through our website for the best chance at landing that Financial Product Accountant role. We’re all about making connections and helping you find the right fit, so don’t miss out on the opportunity!
We think you need these skills to ace Financial Accountant
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Financial Product Accountant role. Highlight your relevant experience, especially in financial and management accounting, and don’t forget to mention any exposure to banking or financial services.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific skills that align with the job description, like your understanding of accounting concepts and your ability to manage deadlines.
Showcase Your Communication Skills:Since this role involves liaising with key stakeholders, make sure to demonstrate your strong communication skills in your application. Provide examples of how you've effectively communicated complex financial information in the past.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of all the amazing candidates we want to meet!
How to prepare for a job interview at Sterling Williams LTD
✨Know Your Numbers
Brush up on your accounting basics, especially pre-payments, accruals, and revenue recognition. Be ready to discuss how these concepts apply to the role of a Financial Product Accountant, as you'll need to demonstrate your understanding of financial information production.
✨Showcase Your Experience
Prepare specific examples from your past roles that highlight your experience with financial reporting, management accounts, and audit processes. If you've worked in financial services or auditing, be sure to articulate how those experiences have equipped you for this position.
✨Demonstrate Your Communication Skills
Since this role involves liaising with key stakeholders, practice explaining complex financial concepts in simple terms. Think about how you would present financial information to non-financial colleagues or senior management, and be ready to share examples during the interview.
✨Be Ready to Adapt
The team is going through a transition with a new General Ledger system. Show your willingness to learn and adapt by discussing any previous experiences where you successfully navigated changes in processes or systems. Highlight your proactive approach to problem-solving and improvement.
