Financial Control Officer

Financial Control Officer

London Entry level 34500 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Join a dynamic team to prepare financial reports and support audits.
  • Company: Work with a leading private banking and asset management firm in London.
  • Benefits: Enjoy a salary up to £43,000, study leave, and hybrid working options.
  • Why this job: Gain valuable experience in finance while working closely with business leaders.
  • Qualifications: Degree in Accounting or Finance; studying towards ACCA/ACA preferred.
  • Other info: Be part of a supportive team with opportunities for career progression.

The predicted salary is between 34500 - 60000 £ per year.

Morgan McKinley is partnering with a leading private banking and asset management firm in the heart of London, who are currently seeking a Financial Control Officer to join their high-performing Financial Control & Reporting team. This is a fantastic opportunity for a motivated and detail-oriented individual looking to develop a their skill set in financial control within a dynamic and collaborative environment.
The Role
As Financial Control Officer, you\’ll support the delivery of accurate and timely financial reporting across a number of UK entities. Your day-to-day will include preparation of month-end P&L and balance sheet reporting, VAT workings, reconciliations, and oversight of the Accounts Payable process. You\’ll also play a hands-on role in the annual audit process and the preparation of financial statements.
This is an excellent platform for someone early in their finance career, offering broad exposure across core accounting processes and direct involvement with business leaders. Working in a busy team of 5, you\’ll report into a supportive and impressive Director of Financial Control, who will help you progress towards qualification.
Key Responsibilities:

  • Preparation of month-end financial reporting for UK business units, including intercompany postings and commentary on variances.
  • Reconciliation of balance sheet accounts.
  • Contribution to monthly cost analytics and support for wider Financial Control team.
  • Ownership of Accounts Payable (mostly automated) – including supplier onboarding, issue resolution, and payment approvals.
  • Preparation of VAT returns across multiple UK entities.
  • Support in the year-end audit process, including preparation of audit schedules and responding to auditor queries.
  • Drafting financial statement notes for external reporting.

About You:

  • Degree in Accounting, Finance, or a related field.
  • Actively studying towards ACCA/ACA.
  • Experience in Financial Services or within a Big 4 accountancy firm auditing the Financial Services industry.
  • Strong Excel and analytical skills with a high attention to detail.
  • Self-starter with a strong desire to progress.
  • Excellent communication skills and confident liaising with stakeholders across all levels.
  • Able to manage conflicting deadlines and thrive under pressure.

What\’s on Offer:

  • Salary of up to £43,000, depending on experience
  • Study leave to support your progression towards ACA/ACCA qualification
  • Pension contributions and private medical insurance
  • Hybrid working model: 3 days in the office, 2 days from home
  • Opportunity to gain broad financial control experience within a highly respected financial institution

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Financial Control Officer employer: The Regional Municipality of Durham

Morgan McKinley offers an exceptional working environment for a Financial Control Officer, situated in the vibrant heart of London. With a strong emphasis on employee development, the firm provides study leave for ACA/ACCA qualifications and fosters a collaborative culture within a high-performing team. Employees benefit from a hybrid working model, competitive salary, and comprehensive health benefits, making it an ideal place for those seeking meaningful career growth in finance.
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Contact Detail:

The Regional Municipality of Durham Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Financial Control Officer

✨Tip Number 1

Network with professionals in the financial services sector, especially those who work in private banking and asset management. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture.

✨Tip Number 2

Familiarise yourself with the latest financial reporting standards and regulations relevant to the UK market. This knowledge will not only boost your confidence but also demonstrate your commitment to staying updated in the field.

✨Tip Number 3

Prepare for the interview by practising common financial control scenarios and questions. Be ready to discuss your analytical skills and how you handle tight deadlines, as these are crucial for the role.

✨Tip Number 4

Showcase your Excel skills during the application process. If possible, mention specific functions or tools you are proficient in, as this will highlight your ability to manage financial data effectively.

We think you need these skills to ace Financial Control Officer

Financial Reporting
Month-End Close Processes
Balance Sheet Reconciliation
VAT Preparation
Accounts Payable Management
Audit Support
Financial Statement Preparation
Analytical Skills
Advanced Excel Skills
Attention to Detail
Communication Skills
Stakeholder Management
Time Management
Problem-Solving Skills
Self-Motivation

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in financial control and reporting. Emphasise any roles where you've prepared financial statements, managed accounts payable, or contributed to audits.

Craft a Compelling Cover Letter: In your cover letter, express your motivation for applying to this specific role. Mention your degree in Accounting or Finance, your progress towards ACCA/ACA, and how your skills align with the responsibilities outlined in the job description.

Highlight Relevant Skills: Showcase your strong Excel and analytical skills in your application. Provide examples of how you've used these skills in previous roles, particularly in financial services or during your studies.

Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial for a Financial Control Officer.

How to prepare for a job interview at The Regional Municipality of Durham

✨Showcase Your Financial Knowledge

Make sure to brush up on your financial principles and reporting standards. Be prepared to discuss your understanding of month-end processes, VAT workings, and balance sheet reconciliations, as these are key responsibilities for the role.

✨Demonstrate Attention to Detail

Since this position requires a high level of accuracy, be ready to provide examples from your past experiences where your attention to detail made a significant impact. This could include specific projects or tasks where precision was crucial.

✨Prepare for Technical Questions

Expect technical questions related to financial control and reporting. Familiarise yourself with common accounting practices and be ready to explain how you would handle various scenarios, such as preparing financial statements or managing accounts payable.

✨Exhibit Strong Communication Skills

As you'll be liaising with stakeholders at all levels, practice articulating your thoughts clearly and confidently. Prepare to discuss how you've effectively communicated complex financial information in previous roles or during your studies.

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