Financial Control & Reporting Accountant - Assistant Vice President

MUFG Americas; City Of London; Hybrid; GBP 50,000 - 70,000; Full time

Job summary

A global financial services group in London is seeking a Financial Reporting Specialist to manage quarterly and bi-annual reporting tasks. The ideal candidate is ACA/ACCA qualified and possesses experience in IFRS with a strong background in financial instruments. This role offers a hybrid working arrangement, requiring attendance three days a week in the office. Responsibilities include extensive communication across teams and contribution to GL close, involving detailed analytical procedures for business performance.

Qualifications

• Big 4 trained preferred.
• Experience in preparing financial statement disclosures is desirable.
• Familiarity with large volumes of complex data is advantageous.

Responsibilities

• Accountability for financial reporting of traded products.
• Contribute to monthly GL close and review key controls.
• Develop automated reporting solutions.

Skills

Financial instruments experience

Advanced Excel skills

Experience with Business Intelligence tools

Knowledge of IFRS

Analytical procedures

Education

ACA/ACCA qualified

Tools

Microsoft Office

Job description

Overview of the Department/Section

MUFG (Mitsubishi UFJ Financial Group) is one of the world's leading financial groups. Headquartered in Tokyo and with approximately 350 years of history, MUFG is a global network with around 2,300 offices in over 50 countries including the Americas, Europe, the Middle East and Africa, Asia and Oceania, and East Asia. The group has over 150,000 employees, offering services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing.

As one of the top financial groups globally with a vision to be the world's most trusted, we want to attract, nurture and retain the most talented individuals in the market. The size and range of MUFG's global business creates opportunities for our employees to stretch themselves and reap the rewards, whilst our common values, to behave with integrity and responsibility, and to build a culture which is fair, transparent, and honest, underpin everything that we do. We aim to be the financial partner of choice for our clients, whatever their requirements, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

MUFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: MTU) stock exchanges. The group’s operating companies include, but are not limited to, MUFG Bank, Mitsubishi UFJ Trust and Banking (Japan's leading trust bank), Mitsubishi UFJ Securities Holdings (one of Japan's largest securities firms), and MUFG Americas Holdings.

Please visit our website for more information - mufgemea.com.

Number of Direct Reports

None

Main Purpose of the Role

To contribute to the overall success of the Financial Reporting team with a primary focus of delivery the quarterly Head Office reporting and bi-annual statutory reporting. The reporting is consolidated by a number of MUFG Group entities which span IFRS, USGAAP & JGAAP

Responsibilities

• You will have full accountability for and be the subject matter expert in the team for a number of traded products and own all associated financial reporting across a number of Group companies. You will develop your understanding of trading strategies to challenge booking models and consider the technical accounting of transaction structures.
• You will proactively contribute to the monthly GL close, through review of key controls and underlying trade data supporting an end-to-end understanding of systems and process flow and comprehensive ownership of underlying trade data.
• You will compliment timely and accurate financial reporting with value-add analysis through detailed analytical procedures to understand business performance and drivers, highlighting areas for business optimisation through compression, capital planning and leverage exposure management.
• You will leverage Business Intelligence and your knowledge of systems architecture to develop and automate processes to enhance control, increase efficiencies and enable greater focus on value-add analysis.
• Extensive communication is required across the firm including direct interaction with trading desks, risk teams, product control and other Finance teams with regular communication with Tokyo colleagues.
• You will engage with external auditors to support the process throughout the cycle, including interim procedures, controls review and year-end substantive testing.
• The team is expected to maintain recent detailed process notes for all material areas of responsibility and support other team members through cross-training and knowledge sharing to promote a culture of continual professional development across the team.

Skills and Experience

• Big 4 trained preferred and ACA/ACCA qualified
• Financial instruments experience (preferred)
• A keen interest in Financial Reporting, with experience of preparing financial statement disclosures
• Solid knowledge of IFRS required
• Experience of working in a multi-GAAP Group function (preferred)
• Familiarity with working with very large volumes of complex data
• Experience of using Business Intelligent tools in developing automated reporting solutions
• Competent user of Microsoft Office with advanced Excel skills

Please note MUFG operate a hybrid working policy with 3 days per week in the office

We are open to considering flexible working requests in line with organisational requirements.

MUFG is committed to embracing diversity and building an inclusive culture where all employees are valued, respected and their opinions count. We support the principles of equality, diversity and inclusion in recruitment and employment, and oppose all forms of discrimination on the grounds of age, sex, gender, sexual orientation, disability, pregnancy and maternity, race, gender reassignment, religion or belief and marriage or civil partnership.

We make our recruitment decisions in a non-discriminatory manner in accordance with our commitment to identifying the right skills for the right role and our obligations under the law.