Local Trust Accounting Manager United Kingdom
Job description
Local Trust Accounting Manager, Jersey
Some careers shine brighter than others.
If you’re looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
As an HSBC employee Channel Islands and Isle of Man (CIIOM) you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all employees, enhanced parental and adoption pay and support when you return to work, and a non-contributory pension scheme with a generous employer contribution.
We are currently seeking a high calibre professional to join our Trust and Fiduciary Services (TFS) team in Jersey (Channel Islands) as a Local Trust Accounting Manager.
The primary function of the Local Trust Accountant, is to prepare annual clients’ accounts, regular schedules or ad-hoc reports according to different regulatory / client requirement; to dispatch reports e.g. Annual trust account, Portfolio Valuation Report, Asset & Liabilities, Cash Statements to client; to perform trust accounts’ cash / securities reconciliation & to provide operational support.
This is a fantastic opportunity to work within a dynamic team which is at the centre of all operational and transactional activity within HSBC’s Trust operation in Jersey, whilst working for one of the world’s largest and most stable financial institutions.
In this role, you will have:
- To prepare and review annual clients’ accounts, regular schedules or ad-hoc reports according to different regulatory / client requirements.
- To define the accounting treatment for Trust accounts.
- To liaise with internal parties (i.e. Trust relationship Officers (TROs) / Trust relationship Managers (TRMs) / Overseas site) regarding the account format, transaction, tax implication, schedules and calculation entitlement.
- To liaise with external parties (i.e. client tax advisors / accountants) regarding the accounting treatment and reporting format and handles the client / external auditor’s queries and questions.
- To handle workflows, exception reports and prepare returns for daily operations.
- To assist the compliance/regulatory reporting for TFS CI (e.g. FATCA, Section 13F filing)
- To conduct reviews of Operating and Investment Companies in accordance with internal requirements.
- Ensuring current operating system is able to support the new financial products / new regulatory requirements, assist to perform all User Acceptance Testing and escalate for any exceptions / problems.
- To prepare statistics for management information purposes, and review statistics prepared by offshoring partners.
To be successful in this role you should meet the following requirements:
- Qualified accountant with ACCA or equivalent.
- Work experience in financial, accounting or auditing industry.
- Experience with NavOne will be an advantage.
- Strong knowledge and understanding of accounting policies, strong operations and workflow capabilities.
- Strong risk control and compliance mind-set.
- Demonstrated ability to multi-task and work independently, as well as work collaboratively with other teams.
- Strong analytical, problem solving and reporting skills abilities to critically evaluate information gathered from multiple sources.
- Reconcile conflicts, decompose high-level information into details and
