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- Tasks: Lead financial operations, manage a team, and ensure compliance with regulations.
- Company: Join a respected financial services organisation focused on mortgages and savings.
- Benefits: Enjoy hybrid working, a 5% matched pension, and other great perks.
- Why this job: Be part of an exciting period of investment and change in a customer-focused lender.
- Qualifications: Qualified Accountant with 5 years PQE and experience in a PRA regulated environment.
- Other info: Immediate availability required for a 6-month interim role with flexible work options.
The predicted salary is between 48000 - 72000 £ per year.
Our client is a highly respected financial services organisation (Mortgage & Savings) and owing to a restructure, are recruiting for an Interim Financial Controller whilst they recruit on a Permanent basis. You must be immediately available for a 6m period, and able to travel to their Head Office in the East Midlands on Mondays and Tuesdays, with Wed-Fri working from home. There will be a handover period.
Managing a team of 4 (2 direct reports), the core purpose of the role is to oversee the Financial Operations of the business (incl. treasury back office, accounts payable, payments and reconciliations) as well as evaluating and managing financial risk, ensuring compliance with regulations, completion of financial statements, coordinating auditing processes, and ensuring accuracy of financial information, including tax (supported by third party).
Responsibilities of the Financial Controller:
- To manage the complete month and year end reporting processes, liaising with external and internal audit
- Management and control of the ALMIS system and Treasury back office
- To have an overall understanding of the production of the regulatory returns and ability to sign off returns (in the absence of the FD)
- To prepare financial and other reports for the Board/Board committees
- To produce ICAAP and Recovery Plan (if required within the 6m period)
- To oversee the FRS 102 reporting models, bad debt provision and hedge accounting.
- To ensure readiness for compliance with FRS102 changes such as lease accounting changes.
Requirements of the Financial Controller:
- Qualified Accountant with 5 years PQE
- Experience within a PRA regulated financial services business is essential, preferably a mortgage lender
- Strong Leadership of a team and direct reports
- Knowledge of PRA regulation incl. ICAAP & ILAAP
- ALMIS treasury system understanding
- Excel and MI skills
In return they offer hybrid working, 5% matched pension, parking permit and other good benefits. This is a great opportunity to work for a highly customer focussed lender during an exciting period of investment and change. If you are immediately available and have previous Financial Controller level of experience within a PRA regulated lender, then please apply now and we will reply promptly.
Financial Controller employer: Ultimate Banking
Contact Detail:
Ultimate Banking Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Controller
✨Tip Number 1
Make sure to highlight your experience in managing financial operations, especially in a PRA regulated environment. Be prepared to discuss specific examples of how you've overseen treasury back office functions and compliance with regulations during your interviews.
✨Tip Number 2
Familiarise yourself with the ALMIS system and any relevant treasury management tools. If you have experience with these systems, be ready to share how you've used them to improve financial reporting and risk management in your previous roles.
✨Tip Number 3
Demonstrate your leadership skills by preparing to discuss how you've successfully managed teams in the past. Think about specific challenges you've faced and how you motivated your team to achieve their goals, particularly in high-pressure situations.
✨Tip Number 4
Stay updated on the latest changes in FRS 102 and other relevant accounting standards. Being able to discuss these changes and how they impact financial reporting will show your expertise and readiness for the role.
We think you need these skills to ace Financial Controller
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience as a Financial Controller, especially in a PRA regulated financial services environment. Emphasise your qualifications, leadership skills, and any relevant systems knowledge, such as ALMIS.
Craft a Compelling Cover Letter: Write a cover letter that specifically addresses the requirements mentioned in the job description. Discuss your experience with month and year-end reporting processes, compliance with regulations, and your ability to manage a team effectively.
Highlight Relevant Experience: In your application, focus on your previous roles that align with the responsibilities of this position. Mention your familiarity with FRS 102 reporting models and your experience in preparing financial reports for boards or committees.
Showcase Your Availability: Since the role requires immediate availability, clearly state your current situation and readiness to start. Mention your willingness to travel to the Head Office on the specified days and your adaptability to hybrid working.
How to prepare for a job interview at Ultimate Banking
✨Showcase Your Financial Expertise
Make sure to highlight your qualifications and experience as a qualified accountant. Be prepared to discuss your previous roles in financial services, especially within PRA regulated environments, and how they relate to the responsibilities of the Financial Controller position.
✨Demonstrate Leadership Skills
Since this role involves managing a team, be ready to share examples of your leadership style and how you've successfully led teams in the past. Discuss any challenges you've faced and how you overcame them to ensure team success.
✨Familiarise Yourself with Regulatory Requirements
Brush up on your knowledge of PRA regulations, including ICAAP and ILAAP. Be prepared to discuss how you have ensured compliance in previous roles and how you would approach regulatory changes, such as FRS 102 updates.
✨Prepare for Technical Questions
Expect technical questions related to financial operations, treasury management, and reporting processes. Review key concepts related to ALMIS systems, financial statements, and auditing processes to demonstrate your technical proficiency during the interview.
