Interim Financial Accountant - Investment Management & Advisory Firm
- £60k plus benefits
- London, England, United Kingdom
- Contract, Full time
- Maldon Partners
- 12 Feb 18 2018-02-12
Maldon Partners are currently seeking an Interim Financial Accountant on behalf of a global investment management and advisory business, based in the City of London.
The firm is one of the largest independently owned investment management and advisory firms in the UK, with an exceptional reputation. Their global client base spans individuals, families, entrepreneurs and professional advisers as well as charities and businesses.
The purpose of the role is to assist the Group Financial Accountant in the provision of the group’s financial reporting, including their financial accounts, group consolidations, statutory accounts and pension accounts; and to ensure that the group reporting timetables are met and that the audit process is delivered on time and on budget.
The position is a maternity cover fixed term contract, and will be offered on an initial 6 month basis with a view to rolling.
Role responsibilities include;
Statutory accounts, audit and monthly reporting
- Responsible for the timely and accurate preparation of statutory accounts for certain group companies and pension schemes (as allocated by the Group Financial Accountant), together with assisting the Group Financial Accountant in the timely and accurate preparation of the consolidated group accounts.
- Prepare comprehensive audit files and liaise with auditors for the entities managed.
- Assist the Group Financial Accountant with interim reporting and year-end audit, ensuring that the audit and reporting deadlines are met both in terms of timing and budget
- Display an understanding of the entities assigned and is able to provide commentary and analysis through the preparation of quarterly financial accounts. To implement improvements on an on-going basis to be implemented in the team and where possible across the department.
- Prepare the monthly Consolidated accounts for the Regulatory Consolidation Group and the quarterly FSA accounts for the regulated legal entities and providing timely and accurate information to the regulatory team.
- Ensuring that procedures relevant to their allocated entities are in place and are kept up to date.
- Undertake the timely completion of certain pension scheme accounts and returns.
- Assist the Group Financial Accountant with the year-end audit, ensuring that the audit and reporting deadlines are met both in terms of timing and budget.
- Liaise with the scheme actuary and get the actuarial valuations done bi-annually and ensure the journals are booked accordingly.
- Make recommendations to improve systems and procedures that will increase efficiency and thereby benefit the group.
- Involvement in new system implementation as finance subject matter expert, as required.
Risk & Compliance
- Ensure that all matters raised by both the internal and external auditors, and the operational risk department are dealt with appropriately and in a timely manner.
- Undertake specific company reconciliations, ensuring that all reconciliations are up to date, all outstanding items cleared and all corrective actions undertaken.
- Ensure that all account balances for your allocated entities are included in the quarterly balance sheet review undertaken by the financial accountant - projects. The financial accountant should have an understanding of the key reconciliations for the entities he/she manages.
- Apprise the Group Financial Accountant of any issues that may materially affect the group (both financial and non-financial).
- Responsible for booking provisional tax numbers and working out the quarterly tax payments in conjunction with the tax manager.
- Work with colleagues in the Finance Department towards achieving optimal solutions to any issues in relation to the financial systems of the group.
- Provide technical support to the Group Financial Accountant regarding IFRS compliance. In particular, advise and implement upcoming standards in terms of accounting treatment and disclosure for both group and entity financial statements.
- Upload monthly foreign currency exchange rates, run the ledger revaluation processes and book base and reporting currency journals to maintain the accuracy of the ledgers.
- Maintain lease schedules for various properties and ensure monthly rent journals are booked and recharged appropriately.
- Prepare the annual budget for pension scheme costs, retirement annuity costs, audit fees, employment benefit trust income statement and share based payments.
- Account for the share-based payment charges and liaise with the share options team for the new awards and ensure that the monthly journals are booked correctly.
- Ensure that the expenses are allocated correctly among the entities through the monthly automated recharge process. Also to make sure that the bonus provisions are allocated correctly amongst the various entities.
- Understand the intercompany billing process / transfer pricing arrangements and book journals accordingly.
Ad Hoc Projects
- Plan and implement, or assist with, any projects in relation to the financial control of the entities and track these in the bi-monthly accounts and bi-weekly financial control meetings. To be available for projects relating to financial control in the wider finance department.
- Analytical thinking – need to address issues and understand how figures from the sub-ledger flow into the various external and internal reports.
- Problem solving – queries need to be resolved, in a timely manner.
- Planning and Organising – need to control the financial information and ensure statutory and pension accounts are prepared within statutory and audit timescales.
- Financial awareness – necessary for maintaining financial control of the group’s affairs.
- Teamwork – need to enjoy working in a strong team utilising support from colleagues when necessary.
- Technical Expertise – need to have a robust technical knowledge and be up to date with all accounting issues.
Education and Qualifications:
- Qualified Accountant – either ACA, ACCA or country equivalent
Experience and Skills:
- Experienced in preparing statutory accounts in various formats
- Experience and knowledge of IFRS
- Financial services sector experience, preferably in an investment manager or professional services firm
- Extensive experience of accounting programmes at GL level