At a Glance
- Tasks: Support financial transactions, month-end close, and ensure compliance with accounting policies.
- Company: Join a dynamic finance team in a multinational environment.
- Benefits: Competitive salary, professional development, and opportunities for growth.
- Other info: Collaborative culture with a focus on innovation and process improvement.
- Why this job: Make an impact in finance while developing your skills in a supportive setting.
- Qualifications: Bachelor’s degree in Finance or Accounting; experience in shared services preferred.
The predicted salary is between 35000 - 42000 £ per year.
Role Overview: This role is pivotal in ensuring accurate financial transaction processing, supporting month-end close, and maintaining compliance with group accounting policies. Reporting to the Head of Financial Operations, this role will work closely with local finance teams and group reporting to deliver high-quality financial information across multiple entities.
Month-End Close and Financial Control
- Support the month-end close process for shared services entities, ensuring timely and accurate reporting.
- Prepare and post journal entries, accruals, and balance sheet reconciliations.
- Maintain integrity of the general ledger and ensure alignment with the group chart of accounts.
- Process foreign exchange revaluations across multi-currency accounts.
- Conduct monthly bank reconciliations, identifying and resolving discrepancies to maintain accurate financial records.
Group Billing and Supplier Management
- Communicate with overseas territories regarding billing arrangements and supplier contracting.
- Process supplier invoices and ensure timely approvals.
- Support accurate coding and allocation of shared service costs.
- Manage the creation, review, and approval process for purchase orders, ensuring accuracy and compliance with company policies.
- Prepare and process supplier payments, including accurate loading into payment systems within set deadlines.
- Perform timely and accurate data entry and reconciliation of employee expense claims in line with internal guidelines.
Group VAT Support
- Assist with preparation and review of VAT returns for shared service entities.
- Ensure correct VAT treatment of intercompany and supplier invoices.
- Liaise with tax and finance teams across jurisdictions to support group VAT compliance.
Financial Reporting and Analysis
- Prepare supporting schedules for management accounts and variance analysis.
- Assist in preparing monthly management accounts and variance analysis for shared services entities.
- Support budgeting and forecasting activities for shared services cost centres.
Intercompany Transactions and Recharges
- Process intercompany transactions, including recharges, loan interest, and capitalised project costs from Group.
- Ensure accurate intercompany postings and reconciliations across overseas entities.
- Collaborate with subsidiaries to resolve intercompany mismatches and ensure timely settlement.
Audit and External Reporting
- Ensure compliance with IFRS and local GAAP for shared services entities.
- Maintain and enhance internal controls over financial reporting and intercompany processes.
- Support external audit requirements and prepare audit working papers.
Systems and Process Improvement
- Contribute to improvements in financial systems and reporting processes.
- Support ERP and finance system enhancements, including automation initiatives.
Required Qualifications and Experience
- Bachelor’s degree in Accounting, Finance, or related field.
- Professional qualification (ACA, ACCA, or CIMA) or working towards one.
- 2–4 years of experience in accounting, preferably within a shared services or group finance environment.
- Strong understanding of IFRS and intercompany accounting.
- Experience in a multi-entity, multinational group environment.
- Familiarity with ERP systems and strong Excel skills.
Key Skills and Competencies
- Excellent attention to detail and accuracy in financial reporting.
- Strong analytical and problem-solving abilities.
- Effective communication and stakeholder management skills.
- Ability to work under pressure and meet tight deadlines.
Finance Operations - Finance Shared Services in London employer: Verne Global
Join a dynamic and supportive team in our Finance Shared Services, where we prioritise accuracy and compliance while fostering a collaborative work culture. Our commitment to employee growth is evident through ongoing training opportunities and a clear path for career advancement, all set in a vibrant location that encourages work-life balance and community engagement. With competitive benefits and a focus on innovation, we are dedicated to creating a rewarding environment for our finance professionals.
StudySmarter Expert Advice🤫
We think this is how you could land Finance Operations - Finance Shared Services in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Verne Global. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Finance Operations - Finance Shared Services in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Verne Global.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Verne Global's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Verne Global
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Verne Global.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Verne Global will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Verne Global employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
