Loans Accounting Assistant

Michael Page; City Of London; Hybrid; GBP 40,000 - 45,000; Full time

Job summary

A respected financial services organisation in London seeks a Loans Accounting Assistant to support the finance team with income reporting and accurate revenue recognition. The role requires a solid grasp of Double-Entry bookkeeping and prior experience in lending or leasing accounting. This permanent position offers a competitive salary, study support for professional qualifications, and a hybrid working model in a professional environment.

Benefits

Competitive salary of 40,000 to 45,000 GBP

Study support for accounting qualifications

Comprehensive benefits package, including performance bonuses

Qualifications

• Solid grasp of Double-Entry bookkeeping is essential.
• Prior experience in lending or leasing accounting is essential.
• Interest in pursuing professional accounting qualifications with support.

Responsibilities

• Assist with calculating and reconciling revenue for loan and lease agreements.
• Maintain accurate revenue recognition schedules.
• Support the month-end close process and prepare revenue journals.

Skills

Double-Entry bookkeeping

Lending or leasing accounting

Accounting software (NetSuite, Excel)

Attention to detail

Organisational skills

Teamwork

Job description

The Loans Accounting Assistant role is an excellent opportunity for someone looking to develop their career in accounting and finance within the financial services industry. Based in London, the position involves supporting the finance team with a variety of responsibilities to ensure smooth operations.

Client Details

The company is a respected organisation within the financial services sector, operating as part of a medium-sized team in London. They are known for their focus on excellence in accounting and finance, offering a structured and professional working environment.

Description

You\'ll support the accounting and reporting of income across our lending and leasing portfolios, working closely with finance and operations teams to ensure accurate revenue recognition and financial reporting. Responsibilities include:

• Assist with calculating, posting and reconciling revenue in relation to loan and lease agreements.
• Maintain accurate and timely revenue recognition schedules in line with internal policies and relevant accounting standards.
• Monitor and reconcile accrued interest, unearned income, fees and other income items, to ensure balance sheet position is accurately reported.
• Support the month-end close process, including preparation of revenue journals and associated balance sheet reconciliations in a timely manner.
• Work with the lending operations team to understand cash flows, drawdowns, repayments, early settlements and restructures, to ensure accounting is correctly reflected.
• Investigate variances between expected and actual income, escalating issues where appropriate.
• Prepare supporting analysis and working papers for management and audit purposes.
• Contribute to the enhancement of internal controls, documentation and reporting processes.

Profile

The ideal candidate should have:

• Solid grasp of Double-Entry bookkeeping- essential
• Prior experience of lending or leasing accoutning - essential
• Proficiency in using accounting software eg NetSuite and Microsoft Excel.
• Attention to detail and an ability to work with numerical data confidently.
• An interest in pursuing professional accounting qualifications (study support provided).
• Excellent organisational and time management skills.
• A proactive attitude and the ability to work effectively within a team.

Job Offer

• A competitive salary range of 40000 to 45000 GBP per annum.
• Study support to help you achieve professional accounting qualifications eg AAT, ACCA or CIMA
• Comprehensive benefits package, including a performance-based bonus.
• A permanent role with opportunities for career development within the financial services sector.
• A professional and supportive working environment in London.
• Hybrid working model (3 days in office in London)