Job description
Accountabilities
• 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 standard (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 and quarterly VAT returns.
• 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 nostro reconciliations and other matters for financial, vat, tax and regulatory reporting.
• Assist the Regulatory Reporting Manager 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.
• To provide holiday cover for the Chief Accountant and the Manager, Group Reporting and as and when required.
• Assist the Chief Accountant and CFO as and when required, including ad-hoc requests.
