Financial Reporting and Control Senior Accountant - Investment Bank - London

Recruiter
twentyAI
Location
London, United Kingdom
Salary
£90k - £100k
Posted
30 Nov 2022
Closes
22 Dec 2022
Ref
17962226
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
This role is best suited to candidates with strong financial and/or regulatory control background. A good of understanding of the best practice of control frameworks, particularly related to VAT or regulatory reporting is required.

Personal attributes required for the role include a strong attention to detail, good communication skills, the ability to pick up concepts quickly and the desire to learn in a fast-moving environment. The successful candidate will also be expected to liaise with multiple stakeholder groups including data providers, the Tax team and Legal Entity Controllers of the entities in the UK VAT group and so would benefit from having strong influencing skills

In this role, you will:
  • Preparation and review of the UK VAT Group Return under the PESM.
  • Oversee the production cycles of the UK VAT Group return
  • As part of the review and challenge process, build commercial understanding of the accounting flows and how they apply to the return
  • Review and challenge of inputs and outputs of the VAT return (accounts payable data, intercompany reverse charge) to ensure it reconciles to the GL and is in line with expectations
  • Responsible for enhancing and maintaining the control framework over the end-to-end VAT PESM process and assist in building our internal operating models and structures
  • Analytical review of the VAT return output including provision of commercial commentary of the quarterly VAT return
  • Ensure appropriate documentation is in place to support appropriate the risk identification, control design and control effectiveness including associated procedures.
  • Run the daily VAT close meetings
  • Perform monthly journals and reconciliations to account for irrecoverable VAT, fully reimbursable VAT and exempt VAT
  • Drive digital enablement of the VAT processes (incl. Tableau, Workiva, Power BI etc.)
  • Working through ad hoc VAT issues as and when they arise
  • Build strong understanding of the PESM processes and VAT requirements.

Required Qualifications, International:
  • Qualified accountant with 5+ PQE experience
  • Strong financial and/or regulatory control background.
  • A good of understanding of best practice of control frameworks, particularly related to one or more of PESM VAT, financial control or regulatory reporting
  • Experience of working in an international financial services business preferably within Banking
  • Experience of the VAT Partial Exemption Special Method (PESM) an advantage but not essential
  • Works well within a team.
  • Confident communicator at all levels in the organisation with good influencing skills
  • Intuitive, fast learner.
  • Self-motivated with the ability to work independently with a team structure.
  • Good problem-solving skills.
  • Good time management & organisational skills.
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