Financial Controller

Posted:

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Published
February 22, 2024
Category
Finance  
Job Type
Reference
DCFC2202PR24
Salary
£60000 - £70000 per annum
Start date
2024-02-22
Contact Name
Darren Cadman
Contact Email
apply.a4ljw55lspx9@aptrack.co.uk

Description

Company Details & Job Overview:

A recognised and well known business who operate across various sites throughout the North of England, this Financial Services organisation provide ethical products and the highest levels of customer service to each and every customer. A dynamic, forward thinking business, they remain highly successful and boast a number of industry awards in this competitive sector. With decades of successful trading, they are seen as a local employer of choice, and one which value each and every member of the team.

This role as no.2 will report directly to the Finance Director, and will take the lead over various areas of the department. A senior role, this position will work in a collaborative, engaging senior leadership team and help drive the strategic direction in a niche and challenging sector. The SLT are also looking to ensure a succession plan is in place, therefore looking for the successful candidate to develop significantly over time, with their support and guidance.

On Offer:
• Competitive Salary
• Hybrid Working
• Bonus Structure
• Enhanced Holidays
• Healthcare

Your New Role As Financial Controller:

Reporting directly to the Finance Director, this role is varied and covers several aspects of finance. Contributing to the strategic goals, aims and objectives, you shall manage part of the finance function responsible for treasury management, forecasting, regulatory reporting and business planning. You shall also lead over the preparation of the Annual Report and look to mitigate risk for the organisation. Managing a team of 3 who deliver the day to day financial requirements, you shall look to develop skills and ensure the timely submission of information to the Society’s regulators.

A diverse role, adding value across the strategic decision making process, you shall ensure regulatory and statutory requirements are met.

Main role duties as Financial Controller:

Annual Report & Accounts
• To prepare the Society’s Annual Report and Accounts and Summary Financial Statement in accordance with appropriate accountancy standards, statutory and regulatory requirements
• To compile and arrange submission to HMRC, annual corporation and deferred tax computations
• To assist in the preparation of an annual assessment going concern in accordance with appropriate accountancy standards and guidelines received from the regulator
• To assist in the preparation of an annual ICAAP
• To assist in the preparation of an annual Recovery Plan and Resolution Pack
• To undertake liquidity stress testing as part of the ILAAP requirements
• To review the Society’s Mortgage Impairment Policy on an annual basis and update accordingly

Regulatory reporting
• Responsible for the timely production and accurate submission of all prudential regulatory returns
• Responsible for horizon scanning any new regulatory changes and ensuring compliance with all new regulation.

Strategic Business Plan
• To prepare and update the Society’s financials for the annual Business Plan
• To undertake stress testing of the Business Plan
• To prepare forecasts and analysis of the Business Plan on a monthly basis, including stress testing

Key Performance MI
• To sign-off monthly, quarterly, annual and ad-hoc Board/Committee reports as per the agendas
• To review and report to the Finance Director performance variances on a monthly basis

Treasury Middle Office
• Produce Asset & Liability Management and Analysis reporting including against set limits and metrics
• Responsibility for maintaining up to date Treasury Valuations and ensuring Sterling Monetary Framework requirements are fulfilled

Product Pricing
• To update the Mortgage Product Pricing Policy on an annual basis
• To review, challenge and sign-off the mortgage product pricing model
• To update the mortgage product pricing model assumptions and present to ALCO as required
• To price mortgage products on a timely basis in preparation for submission to ALCO
• To assess the financial impacts and key risks to the Society arising from all product proposals

People
• To ensure the Finance Middle Office function is adequately resourced at all times
• To lead and appropriately manage an effective and efficient Middle Office Finance function

Other
• To maintain a departmental risk register in accordance with the Society’s Risk Management Framework
• To review and sign-off relevant procedure manuals ensuring they are up to date and are accessible for inspection at all times.
• To manage relevant finance related projects
• To work with the wider Society to ensure Finance support is provided where required

Experience & Qualifications Required To Apply:
With a proven track record of leading a finance function within the financial services sector, you shall be formally qualified (ACA CIMA ACCA) finance professional with strong technical accounting skills. With experience in a regulatory environment you shall have the ability to develop process and systems. With experience of effective treasury management you shall have a strategic mindset and be able to communicate and influence others effectively. Driven, dynamic and a collaborative worker, you shall have the skills to develop junior members of the team and seek to enhance the finance function whilst providing support to the board and stakeholders.

Salary And Reward On Offer:

The business are offering a highly competitive salary, hybrid working and a number of benefits. With a bonus scheme in place, healthcare and enhanced holidays. The business recognise the importance of a work-life balance and provide the to achieve a balance between the two. With on-site parking, and a supportive board, this is an attractive role, in an established, astute business.

This role is being handled by Darren Cadman, Kenton Black Finance

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