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Financial Accountant, Specialist Asset Finance posted by Networx

Central London / West End
Competitive + Discretionary Bonus + Benefits

Job Description

The Specialist Asset Finance division comprises of three business areas namely Close Leasing, Close Brothers Business Finance (CBBF) and Braemar Finance.

Close Leasing provides specialist, structured finance to UK middle ticket market with transactions typically over £250k. Markets in which they operate include wholesale fleet finance, renewable energy and football transfers.

CBBF partner with dedicated asset finance brokers to provide flexible funding solutions to SME’s.

Braemar Finance specialises in offering flexible finance solutions across a wide range of professions including dental and veterinary.

The role holder will support the Finance Manager with monthly financial control and reporting deliverables for Specialist Asset Finance businesses and work collaboratively with other members of the finance team including FP&A and Operational Finance.

Key Responsibilities

Financial Accounting

Prepare all monthly deliverables ensuring these are completed to high standards and within deadlines for Specialist Asset Finance (Leasing, CBBF and Braemar) and CBTS

Month end process ensuring all monthly accounting is completed by closing of the ledgers by WD4
Prepare payroll postings and review intercompany recharges
Ensure costs are recorded accurately and allocated correctly
Preparation of monthly flash with variance analysis explanations for submission by WD2 to Bank FP&A

Perform analysis to understand monthly business performance and prepare commentary on key monthly variances for the financial statements including income, funding charges and costs
Liaise with the business on queries relating to income and expenses at month-end
Prepare and review standard journals ensuring supporting documentation is adequate
Prepare monthly balance sheet reconciliations along with supporting schedules for review and sign off by FC and FD
Prepare and review call accounts posting and reconciliations
Prepare and review funding graphs to minimise interest rate risk and loanbook reconciliations
Perform deep dives into new and existing month-end activities to understand the context to improve the quality and efficiency of the processes

Financial Reporting

Prepare information requested by the Tax team for tax calculations

Prepare and review the Interim and Year-end Financial Reporting Packs as requested by Group Finance
Prepare statutory accounts
Support audit processes, ensuring an accurate, efficient and clean audit

Regulatory Reporting

Prepare quarterly FINREP for CAF Subs and dormants for review and approval by the FC and FD
Preparation of BoE, PRA and FCA return packs for submission to the Group Regulatory Team.
Implement checks and controls, including cross-checks between returns
Work with the Group Regulatory team to ensure accuracy of data, appropriateness of assumptions and definitions employed.
Drive detailed analytical review on submission of reports to highlight variances and correlations to management.
Support centralisation of selected regulatory reporting activities to the Group Regulatory Team by facilitating knowledge transfer and training
Responsibility for any additional regulatory reporting requirements and ad-hoc queries applicable to such reporting

Other responsibilities

Assist FM on ad-hoc projects and support AF&L central workstreams to identify best practices and ensure that best practices are implemented across the team
Challenge existing processes, identify and implement improvements to achieve better quality, efficiency
Ensure process documentation for all areas is up to date for any changes in process
Support other stakeholders within the business such as Operational Finance, FP&A and Credit teams
Manage direct report to ensure business continuity during holidays and study leave

Risk & Compliance

Ensure that all Governance and Compliance requirements are adhered to and all reporting and reviewing activities required by the Regulatory Bodies are carried out to the standards required.



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