Associate, Funds Accounting

The Associate in Funds Accounting maintains financial records for Donor Funds administrated by the Bank, ensuring correct application of accounting rules and providing accurate financial reporting. The role involves preparing financial statements, internal reporting, ensuring compliance with IFRS, liaising with auditors, and supporting transformation projects.

Responsibilities

• Prepares sections of the year-end financial statements with all required disclosures and notes accurately and to a tight deadline
• Prepare periodic internal financial management reporting
• Assesses the impact of the latest IFRS accounting standards on Donor Funds’ financial statements to ensure compliance
• Ensures the accounting policies of the Donor Funds are up-to-date and consistent with IFRS
• Undertakes investigations and inspections of data in accordance with established procedure to identify and quantify potential accounting postings required
• Maintains the accounting and reporting systems, files and other records required for the Donor Funds to ensure accurate and timely information
• Reviews transactions booked in front office systems and posted to the accounting systems for accuracy and appropriateness
• Liaising with Operations and front office teams to resolve booking issues
• Identifies solutions to non-standard tasks/queries
• Provides advice to internal clients relating to relevant financial products or transactions
• Contributes to the development of procedures to ensure the accounting department best responds to the needs of the Donors
• Review and sign off of team members’ journals to ensure accuracy
• Supervises and trains new team members and year end temporary staff to create a team that is capable of meeting its objectives
• Produces work in compliance with the Bank’s Internal Controls Framework
• Liaises with internal and external auditors and responds to queries
• Supports the DFA team in the delivery of the Compass transformation project, including contribution to process design, system testing, data migration and implementation activities
• Other ad hoc tasks as allocated by line manager

Requirements

• Educated to degree level
• ACA qualified or equivalent
• Fluent English language skills, both verbal and written
• Significant relevant accounting experience, preferably in a Financial Services setting
• Statutory financial accounts preparation and/or audit experience on financial accounts
• Strong numerical and financial skills with the ability to interpret financial information
• Fully competent in own practise area
• Working knowledge of International Financial Reporting Standards
• Strong computer skills with emphasis on Excel
• Experience with SAP or equivalent accounting system preferable

Skills

• Funds Accounting
• Financial Reporting
• Statutory Financial Accounts
• Audit Experience
• International Financial Reporting Standards
• Financial Analysis
• Excel
• SAP
• Accounting Rules Compliance
• Financial Statement Preparation
• Donor Fund Management

Languages

English