Finance AVP - Control/Reporting & Analysis - outstanding opportunity to learn Investment...

Location
London, England, United Kingdom
Salary
£50-60K
Posted
09 Oct 2018
Closes
16 Oct 2018
Ref
4639784
Contract type
Permanent
Hours
Full time

The team is responsible for the central reconciliation of finance systems to upstream sources and related control aspects. More specifically, daily and monthly control of the general ledger, reconciliation of revenues across all trading books between Oracle and Product Control Consolidated P&L, expense management and reporting, substantiation of balance sheet, documentation and processing of hedge accounting. The team is also involved in the implementation of new processes and controls (alongside the Business Analyst Team) to maintain general ledger integrity during various change programs. ​

Key Responsibilities:

You will be responsible to manage the Accounting Control function with specific responsibilities as set out below:


Revenues:

  • Detailed reconciliation of revenues to source systems and management reports to ensure accuracy of balances in GL
  • Revenue analysis and commentary as required
  • Conducting detailed analysis in support of the Product Control and wider Finance functions
  • Manage accounting rules to ensure correct accounting treatment for all instruments
  • Internal and external cash reconciliations
  • Joint Venture (Revenue share) calculations
  • Hedge accounting documentation (designations / de-designations and effectiveness testing)

Expenses:

  • Expenditure recording & analysis
  • Accounting and control of fixed asset and projects
  • Accruals and prepayments for specified expenses
  • Amortisation schedules for deferred bonuses and related accounting treatment & recording
  • Responsible for the calculation of cost allocations (Support Function to Front Office, Front Office to Front Office, International & additional cross entity Front Office allocations)
  • Conducting detailed analysis in support of the Product Control and Finance functions
  • Monthly reporting of expenses against budget and presentation to senior management for review
  • International expense recharges

Balance Sheet:

  • In depth third party based Balance sheet substantiation
  • Ensuring products are classified correctly where systems postings do not achieve the desired outcome
  • Management of FX currency exposures on the expenses balance sheet

General:

  • Identification and implementation of improvements to GL data to support statutory reporting
  • Responsible for International consolidation and eliminations
  • Internal income statement and balance sheet accounts are reconciled
  • Reconciliations to source systems, parallel systems and certain downstream systems to ensure accuracy of balances
  • Ownership of user driven config in Oracle (mappings, FOBO dictionary, accounting rules)
  • Ownership of FOBO reconciliations
  • Liaising with Finance Tech and other Tech teams to prioritise technology issues raised
  • Implementing effective process controls and process re-engineering
  • Support international business operations
  • Liaison with Front Office, Product Control, Finance and all trade support teams
  • Ad-hoc assistance to Accounting Policy function as required
  • Comply with the Company's policies and procedures as well as all rules, laws and regulatory requirements emanating from any of the regulatory authorities including, but not limited to, the FSA, PRA and Health and Safety Executive

Advisory:

  • Advise on reporting requirements, process flow and Oracle infrastructure for existing and/or new products
  • Advise on and support ad-hoc projects and systems implementation/enhancement

Experience:

  • Excellent verbal and written communication skills
  • Results driven, with a strong sense of accountability
  • A pro-active, motivated approach.
  • The ability to operate with urgency and prioritise work accordingly
  • Strong decision making skills, the ability to demonstrate sound judgement
  • A structured and logical approach to work
  • Strong problem solving skills
  • A creative and innovative approach to work
  • Excellent interpersonal skills
  • The ability to manage large workloads and tight deadlines
  • Excellent attention to detail and accuracy
  • Flexible and responsive to change

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