Financial Reporting Manager – Financial control recruitment
Areas of focus for Financial Reporting team will include:
- Significant support to the production of the Banks external results documents, including commentaries and data presentation, internal co-ordination with Investor Relations and Group Finance.
- Responsible for maintaining and improving the monthly close process. This is achieved by driving improvements to the hard close controls and improving the reporting guidance to the businesses (such as Payments, Retail, Europe, Non-Product areas)
- Responsible for all UK statutory reporting (including UK subsidiary accounts)
- Driving consistency of IFRS policies and application of changes to disclosure requirements for the businesses
- Responsible for managing and communicating the timetable and instructions
- Strong Relationship Management for Business Unit Financial Control teams and a point of contact support for all Financial Control matters
- Partner to Group, Tax and other areas
- Managing [2 or 3] direct reports, and an offshore Finance team
- Supporting the Business Financial Controller
Financial Reporting and Control 50 %
- Provides advanced technical, analytical and business knowledge and is seen as an expert on financial and regulatory reporting matters.
- Fully communicates (through presentation (verbal and written) to a wide variety of stakeholders of all levels) and documents material accounting decisions to support the ongoing control environment within financial control.
- Significant support to the production of the elements of the bank’s external results documents
- Management of the business close process and production of its Financial Control Key Performance Indicator (KPI) reports
- Improve reporting of monthly close status by upgrading the design and content of the Financial Control monthly review pack (KPI)
- Lead and manage Business Units to achieve regular green status on monthly Group close performance metrics
- Responsible for all UK statutory reporting
- Perform monthly Balance Sheet reviews of businesses
- Create and manage action plan to resolve all year end / quarterly reporting issues identified through reporting processes, summaries of unadjusted differences (SUDs), audit points or risks identified by the Business Units and Financial Controller
- Assist with ad-hoc projects and reporting requirements as they arise
- Issue reporting timetables, guidance and instructions
- Develop and implement a web based guidance and timetable process which is fully integrated with group instructions
- Implement changes required to support quarterly external reporting e.g. disclosure changes or changes to IFRS
- Lead on tax pack reporting for UK elements of the business
Stakeholder Management 30 %
- Acts as a centre of excellence for customers providing expert help and guidance on a wide range of complex and difficult Financial and Regulatory reporting subjects. There is the need to apply in-depth technical knowledge, use their experience, understand the potential impact of decisions on other areas and interpret requirements.
- Presentation on reporting to senior stakeholders
- Acts as a centre of excellence for staff by providing in-depth, highly specialist knowledge and handling difficult issues that have been escalated upwards.
- Investigates and resolves the more complex problems, issues and queries liaising, with customers, suppliers and other experts, as appropriate
Team Building 20 %
- Work as an effective member or leader of a team. Take personal responsibility to identify areas of performance improvement for self and team. Actively share knowledge learnt.
- To manage and motivate direct reports, identifying individual and team development needs and providing coaching and recommending and / or arranging training.
- Conduct formal performance and development reviews for direct reports.
- Develop knowledge and improve capability within the offshore team
Manage the effective balance of operations between offshore and onshore Financial Control teams
Knowledge and Expertise - Essential
• Technical Skills Knowledge:
• Quality, High Standards and Control
• Problem Solving and decision making
• Interpersonal sensitivity
• Senior stakeholder management
• Presentation skills
• Ability to work well in a team
• Service Excellence
• Drive for Results
• Good planning and organisational skills
Experience and Qualifications
• Professionally qualified accountant with post qualification experience in practice or industry
• Strong financial background with some PLC experience
• Track record in delivering to tight deadlines under pressure
• Understanding of the market’s latest thinking and development in finance knowledge, including an up to date understanding of the latest developments in International accounting standards
• Understanding of other international and EU developments affecting accounting
• Knowledgeable about financial reporting issues, demonstrated by: experienced gained in the technical departments of major firms or large and complex organisations