Head of Finance

  • £70,000 - £90,000 plus package
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Carpenter Farraday
  • 10 Jul 18 2018-07-10

Our client a leading multinational private bank is seeking to appoint Financial Controller/Head of Finance to its London Branch. As head of finance you will be responsible for leading a small team of accountants reporting in to the CFO. Experience of UK and US GAAP is preferred for this position. The financial controller/head of finance will be expected to look at efficiencies and process improvements. This would be a great step up for someone with 5 + years post qualified experience.

Outline

• Responsible for all financial, management, and regulatory reporting for the UK Jurisdiction.

• Works with the CFO Managing Director, UK and business line heads in producing budgets, forecasts, variance analysis and MIS reporting.

• Scope includes preparation of US GAAP and UK GAAP financial statements overall responsibility for regulatory reporting for the UK jurisdiction as well as segmented management reporting for the UK.

Job Accountabilities

• Prepares financial statements and note disclosures of Butterfield Mortgages Ltd in compliance with Group accounting policies under US GAAP and local statutory GAAP.

• Prepares monthly financial variance reports, annual budgets, and ongoing financial forecasts for the UK jurisdiction, business segments and support units.

• Prepares/Reviews monthly and quarterly jurisdiction pack submissions to Group Finance.

• Reviews line of business results, including funds transfer pricing and cost allocations.

• Oversees the Finance Team and reviews monthly closing entries and variance analysis.

• Reviews and signs off on standard group reports pertaining to the UK jurisdiction including, yield reports, detailed investment and loan income reports, detailed deposit reports, etc.

• Presents monthly financial performance reports, budgets and forecasts to the Management Committee.

• Monitors expenses and provides recommendations for savings and efficiencies.

• Leads the annual audit and quarterly review process and acts as the primary point of contact with the audit firm for the UK audit;

• Reviews standardised group reports and makes recommendations for improvements and implements revised group finance processes and controls;

• Ensures the department procedures are up to date ensuring strong controls are in place over the production of the UK financial statements and regulatory filings in accordance with ERM standards.

• Ensures strong controls are in place to ensure accuracy and compliance with regulations.

• Reviews UK reconciliations to ensure reconciling items are properly accounted for. Reports aged items to Group for inclusion in the Group Risk Committee Reports.

• Oversees and manages Finance staff; provides leadership, sets annual goals and objectives, and performs mid-year and annual reviews.

• Prepares presentations and ad-hoc analysis as required.

• Attends and presents at Committees as required (Audit, Compliance and Risk Policy, MALCO…)

 

Know-How/Competency Requirements

• Qualified accountant and minimum 5 years of relevant experience in the financial services industry.

• Excellent analytical and problem solving skills.

• Ability to multi-task and prioritize.

• Must have high ethical standards, and the ability to build trusting relationships.