Finance Assistant (Entry level/2022 Graduate) London, England
Rothschild & Co
Full Time
London, England
70000 - 80000 GBP ANNUAL Today
Job description
About Us
As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a meaningful difference to our clients’ business and wealth.
As one of the world's largest independent financial advisory groups, we know that it takes a distinct perspective to make a meaningful difference to our clients’ business and wealth.
Rothschild & Co is a global and family-controlled group. We provide M&A, strategy and financing advice, as well as investment and wealth management solutions to large institutions, families, individuals and governments, worldwide.
Having been at the centre of the world's financial markets for more than 200 years we can rely on an unrivalled global network of more than 3,800 talented employees and a track-record of outstanding execution with 60 offices around the world.
Our integrated global network of trusted professionals and decision makers around the world provide in-depth market intelligence, meaning we can be closer to current issues than any other global financial institution in our core markets.
It is this scale, local knowledge and intellectual capital that allow us to provide a distinct perspective and effective long-term solutions for our partners.
Title: Finance Assistant
Division: Group Finance
Location: London
About
Rothschild & Co is a leading global financial services group with seven generations of family control and a history of over 200 years at the centre of the world's financial markets.
Our expertise, intellectual capital and global network enable us to provide a distinct perspective that makes a meaningful difference to our clients, communities and planet.
We have 4,200 talented specialists on the ground in over 40 countries around the world, enabling us to deliver a unique global perspective across four market-leading business divisions – Global Advisory, Wealth Management, Asset Management and Merchant Banking.
As a family-controlled business built on relationships, we place a huge emphasis on our people and finding the right colleagues to take our business forward.
Rothschild & Co is committed to an inclusive and supportive environment where diversity and different perspectives are valued. We are focused on the attraction and recruitment, development and retention and progression of high calibre talent to ensure we and our clients benefit from the value of difference.
Our expertise, intellectual capital and global network enable us to provide a distinct perspective that makes a meaningful difference to our clients, communities and planet.
We have 4,200 talented specialists on the ground in over 40 countries around the world, enabling us to deliver a unique global perspective across four market-leading business divisions – Global Advisory, Wealth Management, Asset Management and Merchant Banking.
As a family-controlled business built on relationships, we place a huge emphasis on our people and finding the right colleagues to take our business forward.
Rothschild & Co is committed to an inclusive and supportive environment where diversity and different perspectives are valued. We are focused on the attraction and recruitment, development and retention and progression of high calibre talent to ensure we and our clients benefit from the value of difference.
Role
This role is ideal for a recent graduate looking to begin their career in accounting, and as well as providing exposure to different elements of the Finance function, it also includes the opportunity to be supported in studying for an accounting qualification. The successful candidate will work in both the Group Management Reporting and Group Financial Systems teams, and will report to the Business Partner to the Support Divisions.
The Group Management reporting team consists of 3 experienced accounting professionals, whose primary responsibility is the production of the R&Co Group’s monthly management accounts, the management & co-ordination of the groups Budget and Forecast processes, providing Finance support to the global heads of the Group Support Functions and ad hoc financial analysis. The Group Financial Systems team of 3 is responsible for the management of SAP (the Group’s Accounting General Ledger and Financial Consolidation system). They are also responsible for the Group’s SAP Master Data management and governance.
Background
The teams need additional support in order to deliver the business as usual work as well as contributing to a large Finance systems project over the coming years. It is a full-time entry level role for a graduate who is looking for a career in Finance, with an opportunity to learn and develop, and broaden the role over time.
Tasks
The following are examples of tasks that the successful candidate is likely to be performing in conjunction with existing team members
Financial management of the group’s IT Shared Service entity
- Providing assistance to the IT Shared Service Finance Manager with Prepayment and Fixed Asset management and reporting; liaison with external auditors; periodic cash flow forecasting and monitoring; liaising with the Group IT team in Paris in relation to monthly cost accruals and cost allocations; issuing monthly expense reports to the IT Service owners; preparation of the Shared Service entity’s management accounts for review by the Finance Manager; updating the IT Shared Service entity user guide
Co-ordinating the group’s Global Contract for Supplying Group Services
- Maintaining and managing access to the Group Services SharePoint
- Co-ordinating the renewal of the Global Service Agreements including the updating of allocation keys
- Updating of the monthly Group Recharges report
- Updating of the Global Service Agreement user guide
Global Support Function reporting and planning process
- Assist with Quarterly Actual, Forecast and Budget Support Function reporting, including identification and issuance of expense variances and explanations from the local Finance teams
- Running the quarterly Intercompany reconciliation reports for the Support Functions and reviewing with the Finance Business Partner for Support
- Uploading the Budget and Forecast recharges to the General Ledger and Group financial consolidation system
Group Month end entity review process
- Reviewing month pack submissions in the Group consolidation system
- Preparing the monthly headcount upload file for review by the Group Management Accountant
Management of the SAP Global Master data management
- Responsible for managing SAP master data requests, ensuring requests raised are serviced in a timely fashion
- Maintenance of Group Finance intranet site
- Maintaining master data documentation ensuring it is up to data and relevant
- Management of master data archiving process
Data Quality Management
-
Responsible for processing data reconciliations, for example:
- Between the general ledger and the data warehouse
- Between the general ledger and the financial consolidation system
- Bank counterparties
- Travel and expenses system (Concur)
- Responsible for reconciling master data, for example, between the general ledger and the data warehouse, and data completeness
Global Finance Systems Project
- Contribute to project to upgrade our current Finance systems
Skills
- Good attention to detail
- Good organisational skills and time management
- Experience of Microsoft Office products and particularly MS Excel would be useful
- Experience of reviewing and manipulating data would be advantageous
- Strong interpersonal skills and comfortable speaking to more senior individuals within the group
- A proactive and problem-solving attitude
Qualifications
- Educated to degree level (2:1 or above, or equivalent) and strong A levels or equivalent
- Accounting qualification not required but should have an interest in finance / accounting
