Finance Analyst London, England
Job description
Purpose of the role
The Financial Analyst provides complex transactional support for a process within a full accounting cycle and is knowledgeable in the full transactional details and accounting cycle and can effectively review all transactions within the portfolio and can communicate recommendations to senior stakeholders. Provides analysis, takes leads and makes recommendations for areas such as planning, forecasting, reporting, audit and process improvements.
Key Duties & Responsibilities
Accounting
- Complex transactional support for a process within an accounting cycle
- Completes and resolves assigned complex or high volume account reconciliations
- Identifies and resolves complex transactional accounting discrepancies. Recommends solutions for accounting discrepancies and seeks involvement of management, where required
Accounting Policy
- Understand GAAP/ SOX requirements relevant to the financial cycle or portfolio supported.
Audit Support and Controls
- Intermediate understanding of internal/Client control requirements and seek guidance on complex areas. In addition to ensuring compliance.
- Maintains accurate and complete records for audits
- Gathers audit support data upon request
- Liaises with auditors to review audit support
Financial Systems
- Intermediate level knowledge of current accounting systems and MS Office suite of software
- Intermediate understanding and ability to document the transactional and financial data flows between relevant financial systems
- Able to work with IT and operational teams on intermediate and more complex system setups, as well as recommend technology improvements related to Finance
Planning/Forecasting
- Prepares more complex forecasts (internal and external) with the appropriate back-up (including assumptions and calculations)
Analysis
- Prepares in-depth financial analysis (recurring and ad-hoc) and makes recommendations to internal and external stakeholders
Reporting
- Preparation and/or review of internal/external reports
- Presenting reports to stakeholders
- Prepares intermediate business cases
Interaction with Stakeholder
- Increased Stakeholder interaction
- Consults with Manager for significant issues with recommendations
- Generate transactional data and more complex analysis to support operational decision making, with recommendations
Process Adherence / Implementation
- Understand complex business processes and ensures compliance and ensures appropriate documentation
- Conducts root cause analysis on process gaps. Recommends major process improvements within assigned portfolio
- Prepares draft policies and procedures
Problem Solving
- Identification of basic issues or discrepancies
Technical and Business Knowledge
- Has gained an intermediate level of understanding of the industry and business which they support. Can answer basic questions regarding the general business
- Has cultivated relationships with operational counterparts and has earned trust as a business partner
Knowledge & Skills
- College/University graduation and ACCA/ CIMA/ ACA and 3-5 years of demonstrated experience
- Ability to communicate accounting principles to support procedures and to explain financial results within the team and to internal customers.
- Ability to complete and resolve assigned complex account reconciliation which sees the highest transaction volume or deal with multiple portfolios or business units.
- Ability to reconcile and resolve discrepancies between general ledger and sub ledger.
- Ability to identify and provide recommendations for issues and process improvement opportunities at account and business unit level following GAAP/ SOX procedures.
- In-depth understanding of audit requirements within scope of responsibility.
- Ability to provide input to process documentations and business cases; write variance explanations, summaries of findings and recommendations.
- Advanced level knowledge of current accounting systems and MS Office suite of software
- Advanced level knowledge of VAT, CIS/ DRC
Licenses and/or Professional Accreditation
- ACCA/ CIMA/ ACA
At BGIS we believe that diversity and inclusion is a key business driver, such that we never lose sight of its importance as it is woven into the fabric of our organization. We are committed to maintaining a barrier-free recruitment process by providing equal employment opportunities through recruiting and retention of individuals of all backgrounds. We recognize that promoting diversity is an essential component of our continuing pursuit for organisational success!
