Cost Control & Reporting Manager
Job Overview
About Us
BACB is a UK bank that offers trade finance and complementary products to clients in specialist markets, especially Africa and the Middle East.
We have been helping businesses with trade finance and complementary products for over half a century, focusing on trade flows to and from Africa and the Middle East as well as real estate in the UK.
Our in-depth knowledge of the countries and practices where our clients operate ensures that we put them first.
Additional Info
Hybrid Working: 3 days onsite, 2 from home
Location: City of London
Contract Type: Permanent
Job Summary
Responsible for ensuring that the Bank has effective controls and monitoring in place in respect of its overhead costs and accounts payable process. Oversees the Bank’s fixed asset and capitalisation accounting and project management cost monitoring.
Responsible for VAT and PSA returns.
Along with other members of the financial control team responsible for a comprehensive set of controls designed to mitigate risk and ensure the integrity of financial information
Key Work Outputs and Accountabilities
Responsible for ensuring the Bank has effective controls and monitoring in place in respect of its overhead cost
Overseeing the fixed asset accounting, including monitoring of additions/ disposals and ensuring that the correct depreciation and capitalisation requirements are applied
Overseeing the Bank’s project management cost monitoring process including ensuring appropriate tracking and escalation of project spend.
Manage the accounts payable process ensuring that the Bank’s vendors are paid within required timescales and regulatory / control requirements are adhered too.
Manage and develop the Accounts Payable Assistant
Assisting the monthly general ledger close including reviewing manual entries for cost and overheads, lease accounting, payroll/staff benefits etc
Responsibility for the investor fee accrual process including preparing MI for internal meetings
Perform review of month end activities carried out by other members of the Financial Control team.
Contribute to the preparation of the annual financial statements, including being responsible for the preparation of individual note disclosures
Provide responses and data for external and internal audits
Review and submit the Bank’s quarterly VAT return
Responsible for the preparation and submission of the PSA return.
Contribute to the preparation of the Bank’s corporation tax return including supporting Pillar 2 requirements.
Performing the balance sheet substantiation for the accounts owned by the finance team (including VAT control accounts, accruals and prepayments, payroll and staff expenses suspense accounts etc). Including the responsibility for escalation and follow up of any issues identified
Along with other members of the financial control team perform and review risk control self-assessments (RCSAs)
Along with other members of the financial control team responsible for the integrity of the general ledger and reporting systems – this includes set up of new accounts, deletion of dormant accounts and maintenance of GL mappings
Participate and contribute to ad-hoc projects.
Required Qualifications and Experience
Qualified Accountant ideally ACA, ACCA, CIMA
Ideally previous experience in a cost reporting
A working knowledge of indirect taxation
Good working knowledge of controls
Good data and numeracy skills with attention to detail with ability to maintain accuracy at all times
Good communication and interpersonal skills including the ability to maintain good relationships with external vendors
The ability to work autonomously and take
Strong organisational skills with the ability to ensure efficiency whilst balancing priorities