GCM Financial Accounting Analyst I - UK

M&T Bank; City Of London; On-site; GBP 40,000 - 50,000; Full time

Job summary

A leading financial institution located in London is seeking an individual for an accounting role. This position involves supporting the monthly closing of the general ledger, preparing accounting reports, and ensuring compliance with regulatory standards. Candidates should have a bachelor's degree in Accounting or significant coursework, along with a strong understanding of IFRS standards. Proficiency in Microsoft Excel and excellent communication skills are essential for success in this role.

Qualifications

• Bachelor's degree in Accounting or significant Accounting coursework required.
• Experience with IFRS Accounting Standards preferred.
• Excellent verbal and written communication skills are necessary.

Responsibilities

• Support monthly closing of the general ledger.
• Review accounting transaction documentation for completeness.
• Prepare accounting reports in a timely manner.

Skills

Understanding of IFRS Accounting Standards

Verbal and written communication skills

Detail oriented

Experience adhering to strict deadlines

Ability to work collaboratively

Education

Bachelor's degree in Accounting or related field

Studying ACCA or CIMA

Tools

Microsoft Excel

Word processing software

Job description

Overview: Supports all accounting-related activities, projects, analyses and/or conversions for an assigned area within Global Capital Markets (GCM). Responsible for development and management of operational accounting control functions in support of the Bank's accounting systems for an assigned area, including maintaining accounting entry flow process to support accurate and timely reconciliation of all general ledger accounts and internal and/or external reporting of financial information and regulatory reporting.

Primary Responsibilities:

• Support the monthly closing of the general ledger for assigned area outside Finance, including analyzing and interpreting account fluctuations and monthly/quarterly reporting (could include manual processing).
• Support monthly variance analysis, reconciliations, tests of accounting data integrity and work paper review.
• Review accounting transaction documentation for completeness and accuracy; research account variances.
• Work with more experienced personnel in supporting the improvement and implementation of existing processes and new processes related to the accounting for various products that enhance the efficiency and effectiveness of the department.
• May support integration of acquired portfolios to the Bank's general ledger.
• May support creation of business requirements documents and functional requirements as well as test and implement these new requirements.
• Prepare accounting reports specific to assigned area in a timely and accurate manner.
• Assist with problem resolution and data interpretation, complete mechanical review and variance analysis, and ensure timely submission of reports.
• Complete accounting tasks in a manner compliant with applicable laws and regulations and/or that serve to help the Company comply with laws and regulations that apply to the business line the position supports.
• Participate in departmental task and project planning and other administrative duties.
• Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other related duties as assigned.

Scope of Responsibilities: The position works independently under general supervision. This position interacts with internal Bank business partners as well as internal and external auditors with support of more experienced personnel.

Supervisory/Managerial Responsibilities: Not Applicable

Education and Experience Required:

• Bachelor's degree in Accounting, or related field with significant Accounting coursework, or in lieu of a degree, a combined minimum of 4 years' higher education and/or work experience
• Studying Association of Chartered Certified Accountants (ACCA) Stage 1 The Applied Knowledge or Part Qualified studying ACCA Stage 2 The Applied Skills or; Studying Chartered Institute of Management Accountants (CIMA) Operational Level or Part Qualified studying CIMA Management Level
• Proficient in the use of Personal Computers including word processing, spreadsheet, presentations and industry-specific software.
• Experience in the application of International Financial Reporting Standards (IFRS) Accounting Standards
• Good technical aptitude with curiosity and desire to learn new tools and skills
• Excellent verbal and written communication skills
• Experience adhering to strict deadlines
• Motivated for quality and excellent service delivery
• Detail oriented
• Prior experience being highly flexible and adaptive to change
• Experience working in a collaborative environment

Education and Experience Preferred:

• Part Qualified ACCA/CIMA

Location: London, United Kingdom