Financial Reporting Manager

Financial Reporting ManagerCity of London - 5 days a week in office

• Statutory Reporting, Financial Year End
• Technical Accounting (IFRS, FRS 102)
• Auditor liaison
• Balance sheets, income statements and cash flow statements
• Assist Regulatory Reporting with quarterly FINREP regulatory returns

Client Details

Innovative, growth SME Bank with highly profitable wealth, trade finance product

City of London - 5 days a week in office

Banking & Financial Services

Description

Financial Reporting ManagerCity of London - 5 days a week in office

Banking & Financial Services

• Prepare and oversee the preparation of financial reports, including balance sheets, income statements and cash flow statements, ensuring accuracy, completeness and compliance with the relevant accounting standards (UK GAAP/ IFRS)
• Perform timely financial analysis to interpret and explain variances, trends and other key financial metrics, helping management to make informed decisions based on the financial performance of the bank
• Responsible for the production or review of the annual corporation tax return, quarterly tax payments, quarterly VAT returns and yearly return.
• Prepare disclosure notes for the annual financial statements (under UK GAAP/IFRS) including analysis. Collaborate with external auditors during the audit process, providing them with necessary documentation, explanations, and support to facilitate the completion of the audit in a timely manner
• Establish and maintain robust internal controls over financial reporting processes to safeguard the accuracy and reliability of financial data
• Supervise the day-to-day activities of the Assistant Manager, Finance, providing guidance, training, and support to ensure their professional development and the achievement of departmental goals

• Review the activities of the Assistant Manager, Finance, including expense and supplier payments, balance sheet and reconciliations and other matters for financial, vat, tax and regulatory reporting
• Assist the Regulatory Reporting team with the completion of the quarterly FINREP regulatory returns and any other relevant ad-hoc regulatory reports
• Assist with on-going system, process and control improvements and ensure the integrity of financial data. Establish and maintain effective internal controls over financial reporting processes to mitigate the risk of errors or fraud
• Identify opportunities to streamline financial reporting processes, enhance efficiency, and improve the quality of financial information provided to stakeholders
• Ensure compliance with laws and regulations relating to the Bank's financial reporting and accounting function and to ensure the integrity of data in the bank's core system
• Sit regularly with the CFO as and when required, including ad-hoc requests

Profile

Financial Reporting Manager

• Qualified accountant
• Strong SME bank experience or aware of the learning-curve if stepping from Tier 1/Large into SME
• Excellent excel, analytical and communication skills
• Experience in preparation of financial accounts (including knowledge of FRS 102 and IFRS 9)
• Experience in corporation tax and VAT matters
• Regulatory reporting experience and knowledge of FINREP
• Ability to manage and motivate direct reports

Job Offer

• Base £70,000 to £80,000
• Excellent company benefits package
• Competitive bonus scheme