GCM Financial Accounting Analyst I - UK

M&T Bank; City of Westminster; On-site; GBP 30,000 - 40,000; Full time

Job summary

A leading banking institution is seeking an Accounting Support professional in Westminster. The role involves supporting monthly closings, ensuring accuracy in financial documentation, and preparing timely reports. Ideal candidates should have a Bachelor's degree in Accounting or a related field, experience with IFRS standards, and strong communication skills. This is an onsite position with a focus on quality service delivery and detail orientation.

Qualifications

• Bachelor's degree in Accounting or related field.
• Experience in applying IFRS accounting standards.
• Prior experience in a collaborative environment.

Responsibilities

• Support the monthly closing of the general ledger.
• Review accounting transaction documentation for accuracy.
• Prepare accounting reports in a timely manner.
• Participate in project planning and administrative duties.

Skills

Proficient in personal computers, including word processing

Experience with IFRS accounting standards

Excellent verbal and written communication skills

Detail oriented

Flexible and adaptive to change

Collaborative environment experience

Education

Bachelor's degree in Accounting or related field

Studying ACCA Stage 1 or 2

Studying CIMA Operational Level

Tools

Industry-specific software

Spreadsheets

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 the assigned area outside Finance, including analyzing and interpreting account fluctuations and monthly/quarterly reporting (may 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 improving and implementing existing processes and new processes related to accounting for various products that enhance the efficiency and effectiveness of the department.
• May support integration of acquired portfolios into the Bank's general ledger.
• May support creation of business requirements documents and functional requirements, and test and implement these new requirements.
• Prepare accounting reports specific to the 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. It interacts with internal bank business partners as well as internal and external auditors with the support of more experienced personnel. Supervisory/managerial responsibilities: Not applicable.

Education and Experience Required

• Bachelor's degree in Accounting, or a 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 ACCA Stage 1 – The Applied Knowledge or Part Qualified; studying ACCA Stage 2 – The Applied Skills.
• Studying CIMA Operational Level or Part Qualified; studying CIMA Management Level.
• Proficient in the use of personal computers, including word processing, spreadsheets, 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 or CIMA.

Location: London, United Kingdom