Job Description

The Finance Manager holds the main responsibility for the production, reporting, and oversight of key management information provided to the business, contributing to the decision-making process of the organization, and aiding in the growth, profitability, and long-term success of Bank. The Finance Manager will oversee both the Accounts Payables and Accounts Receivable functions and ensure the proper maintenance of controls within the Management Accounts team.
Key Accountabilities

Production of all monthly MI including the production and review of:

• Revenue treatments, Deferred Income, Credit Provisions, Bad Debts, Accruals, Prepayments, Acquisition costs, Expenses, Stock, and other key MI metrics with the aim of providing a 3-day close.
• Production of the monthly Departmental Cost Reports and attendance of 1-2-1 meetings with our members & CFO providing cost analysis and cost insights.
• Production of Financial Reporting Commentary pack and KPI’s for the Board.
• Supervision of the Management Accountant.
• Other Ad-hoc reporting as required.
• Assist the Senior Financial Control Manager and Financial Controller with the production of the financial statements and interim reviews.
• Preparation of information requests for internal and external audit as required.
• Production of key analysis of revenue and costs.
• Maintenance of the chart of accounts, creation of new codes.
• Production of monthly balance sheet reconciliations including provide full supporting backup and analysis of balances.
• Manage the accounts payable process to ensure the accuracy and treatment of expense invoices and timeliness of payments and ensuring relevant AP controls are followed along with handling of any disputes with suppliers.
• Assist with the improvement and automation of the accounts payable process.
• Manage the accounts receivables process to ensure the accuracy and processing of sales invoices and correct accounting treatment.
• Production of the VAT returns, annual PAYE settlement agreement, and year-end corporation tax calculation in conjunction with external tax partners and the Senior Financial Control Manager.
• Processing and posting of monthly payroll information from HR and production of the payroll reconciliation.
• Production of salary ladder information for the Regulatory Reporting Manager to support liquidity reporting.
• Calculation of the Holiday Pay Accrual.
• Responsible for reviewing, approving, and ensuring relevant internal controls are followed for the payments process and funding/defunding of the Bank of England.
• Identify and manage risks thoroughly and always within risk appetite.
• Ensure maintenance and adherence of the Financial Control Framework and identification of any weaknesses/improvements.
• Attendance at the monthly Asset & Liability Committee meeting, and secretary for this meeting.
• Help with the maintenance and updating of the Accounting Policy Document to ensure processes are adhered.
• Manage and provide support to the Management Accountant including setting objectives and performing reviews.
• Support & assist the Financial Accounts/Reconciliation Team.
• Provide assistance to the Project & Systems Accountant on any key Finance Projects.

In return you'll enjoy

• Competitive basic salary
• 7.5% of salary in cash allowing you the flexibility to decide your own benefits (or simply take the cash)
• Share Option Scheme
• 26 days’ holiday increasing each year of service to 33 days
• Ability to buy and sell a further 5 days holiday each year
• 4 x Life Assurance
• Pension salary sacrifice
• Family friendly policies
• Regular social activities and team events
• Charity Volunteering Day

Required Knowledge, Skills, and Abilities

• Experience in a similar role within a banking/regulated financial services organisation.
• Experience in the end-to-end Accounts Payable process
• An accounting qualification (ACA, CIMA, ACCA, CIPFA)
• Strong Excel skills essential.
• Excellent time management skills.
• Strong attitude to Financial Control.
• Excellent analytical, communication and influencing skills (both written and oral).
• Professional “can do” attitude and work ethic.
• Experience in an external audit environment
• Understanding of tax requirements