Financial Accountant

  • 60,000
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Wells Fargo
  • 30 Jan 18 2018-01-30

Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Ireland, Beijing, Cayman Islands, Dubai International Financial Centre (DIFC), Hong Kong, London and Seoul.

Working within the EMEA financial control and reporting team, this role will have responsibility for the performance of a range of financial control and reporting tasks and providing support for system migration / implementation projects.

The financial control and reporting tasks include responsibility for 1) specific EMEA entities, which will involve ownership of the trial balance and preparation of management and statutory accounts, and 2) preparation of line of business and wider regional control and reporting deliverables. A key responsibility within this will be the preparation of the quarterly UK VAT Group return.
Supporting the system migration / implementation projects will include 1) the loan system migration currently underway within Wells Fargo Bank NA, London Branch and 2) the VAT project to ensure compliance with the “Making Tax Digital for VAT” legislation.
This role is best suited to candidates with strong attention to detail, good communication skills, the ability to pick up concepts quickly and the desire to learn in a fast moving environment.  Prior VAT knowledge is desirable but not essential.
•Performance of financial control and reporting tasks, including:
•Entity Level Control and Reporting
◦Ensure accurate books and records in compliance with relevant GAAP; preparation of the management and statutory accounts and assisting with the yearend audit.
◾Raise journals / perform established control tasks to evidence integrity of books and records, prepare management accounts and statutory financial statements
◾Identification of control weaknesses; proposal and implementation of remediating controls
•Line of Business and Regional Control and Reporting, including:
◦Preparation of UK VAT Group Return
◾This will include monthly and quarterly reconciliations of data to the ledger, being diligent and careful in the preparation of detailed workings and understanding the process and VAT requirements. This role requires partnering with the VAT advisory team, to help identify and recommend process improvements, as well as bringing the initiative and energy to drive implementation of those improvements.
◦Quarterly preparation of line of business / regional controls and reporting, to support senior finance manager attestations, including:
◾co-ordinate the preparation of the quarterly reporting package to support the Senor Accounting Officer (SAO) regime
◾this will involve working closely with the SAO and heads of different tax departments, preparing minutes and following up on action points.
◾co-ordinate and preparation of quarterly line of business reporting obligations supporting International Group Controller attestation obligations, including Quarterly Controls Assessment and Reg W reporting
•This will involve articulating requirements clearly to multiple stakeholders, and ensure timely production of reporting obligations
•Supporting the system migration / implementation projects:
◦Provide support for the testing phase of the migration of the Wells Fargo Bank NA, London Branch loan portfolio to a new lending system. This will involve supporting the review / regression testing of test trades processed through the new lending system, requiring good attention to detail.
◦Provide support for the project to ensure compliance with the “Making Tax Digital for VAT” legislation.  This will involve working with the VAT Advisory team to help specifying data requirements and testing output during UAT.
•Support other ad hoc finance tasks as required
Market Skills and Certifications 

•Qualified Accountant
•Good working VAT knowledge and experience, previous experience with Group VAT return and partial exemption rules would be desirable.
•Degree educated
•Strong excel skills as advantage
•Intuitive; Fast learner
•Works well within a team
•Self-motivated with the ability to work independently with a team structure
•Good problem solving skills
•Good time management & organisational skills
Wells Fargo team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company.  As a Wells Fargo team member, you are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.