Financial Accounting Manager

Job Description

Job title: Financial Accounting Manager

Company: OneSavings Bank

Job description: We are looking for a Financial Accounting Manager to join our dynamic team based out of our Wolverhampton office. As Financial Accounting Manager, you will play a crucial role in delivering high quality financial reporting and executing core accounting processes. You’ll be a key player in ensuring compliance with he group’s policies and control framework.

About Us

The OSB Group is a FTSE 250 specialist mortgage lender, primarily focused on carefully selected segments of the mortgage market.

Our specialist lending is supported by our Kent Reliance and Charter Savings Bank retail savings franchises. Diversification of funding is provided by sophisticated securitisation platforms. OSB’s unique cost-efficient operating model is supported by our wholly-owned subsidiary OSBIndia.

Alongside passion for our products and customers, we’re passionate about our people and want to continue building a collaborative and engaging environment. Being dedicated to Diversity, Equity and Inclusion, we encourage differences and recognise that individuals from diverse backgrounds and experiences can bring valuable insights and enhance the way we work. This is supported by our Diversity, Community and Environment Employee Engagement Networks and our commitment to the Women in Finance Charter and Women in Leadership Programme.

What you will be doing

In this role, you will deliver high-quality financial reporting and the daily execution of a varied range of core accounting processes, ensuring the compliance with the Group’s policies and control framework.

Your responsibilities will include…

• Lead the execution of accurate and timely completion of the Segments month end reporting process, meeting the Group’s WD 7 close deadline. Coordinate the processing of accounting journals across the team including processing and/or review of journals across a diverse range of commercial activities within a multi-company group structure and prioritising own responsibilities to deliver excellent financial support to the business.
• Prepare in the Segment’s technical accounting requirements for securitisation transactions, understanding the interaction between the bank, the securitisation vehicle and consolidation business units. Escalate accounting discrepancies to the Group’s securitisation team and assist with queries from the Securitisation trustees.
• Involvement in technical accounting within the segment such as lease accounting journals, developing knowledge of IFRS 16, EIR and FV accounting under IFRS 9 and share based payment accounting under IFRS 2.
• Prepare monthly analytical reviews and the month end financial reports for senior manager review and approval, demonstrating ownership of follow-ups and seeing them through to completion.
• Completion of the Segment’s balance sheet substantiation process in Blackline, also organising a direct report to meet the Group’s WD 10 deadline. Ensure the Segment’s reconciliations are prepared in accordance with the Group’s policy, assisting the Financial Control Manager with monthly sample-based testing. Involvement in managing the Segment’s unreconciled differences, driving change to ensure timely resolution.

In return for your commitment

We offer a competitive base salary dependent on experience and a competitive benefits package including:

• Discretionary annual bonus opportunity of up to 15%
• 28 days annual leave plus bank holidays
• Contributory pension (8% employer 5% employee)
• Life Assurance (4x salary) plus Group Income Protection
• Access to Private Medical Insurance and Medical Cash Plan
• Additional benefits such as Hybrid working, Cycle Purchase scheme, Technology Purchase scheme, Season Ticket Loan, Holiday purchase / sell schemes, Employee Perk Portals, Payroll giving and Save as you Earn scheme

Could you be the one?

We are looking for talented individuals who have the experience and knowledge set out below:

• Previous experience working as a Finance Manager in a similar environment is desirable
• Post qualification experience in a similar role is essential
• Previous experience of Financial Control is essential
• Previous line management experience is essential
• Previous experience of working within a financial services or risk based environment is essential
• Previous experience of implementing process improvement projects and establishing good working controls is essential
• Up to date knowledge of UK GAAP and IFRS is essential, with detailed knowledge of IFRS 2 and 9 an advantage
• Advanced knowledge of financial control processes is essential
• Advanced knowledge of accounting systems is essential
• Basic knowledge of Sarbanes Oxley control principles is desirable
• Accounting qualification (ACA, ACCA or CIMA) is essential
• A confident user of general ledger systems and posting journals is essential
• Detailed knowledge of Microsoft Excel including formula and pivot tables is essential
• Excellent verbal and written communication skills including the ability to Interact with people at all levels in an organisation is essential
• Excellent organisational skills are essential

We also believe that your career and how you progress is as unique as your individual personality. We continually support our people so they can become the best version of themselves.

What to do next

If this sounds like you, please apply now! For internal applications please visit the internal careers page to apply.

Alternatively, if you wish to have an informal and confidential chat please get in touch. Contact details can be found on our careers page.

If shortlisted from your initial application we operate a personalised recruitment process. Interviews are a two way street, we aim for them to be relevant and conversational to get the best out of you!

OSB Group are dedicated to diversity in the workplace and committed to treating all our employees and job applicants equally. We embrace equal opportunities and are opposed to discrimination on any grounds.

As part of our public commitment to the Women in Finance Charter, we have introduced our own initiatives to attract, develop and advance senior women in our sector. We don’t stop there though, we have broadened our approach to encourage diversity and inclusion at all levels and in all roles. Our leadership and Executive Committee are right behind us, to the extent that our Diversity Champions sit at Board level and on a monthly basis receive updates on our progress.

Whilst we are an organisation that values face-to-face interaction to build and nourish our culture, we also acknowledge that people are not just productive in an office and tied to the 9 to 5. Flexible-working opportunities are important for establishing a healthy work-life balance so if you see a role of interest we are happy to be asked about flexibility and explore together if we can make it work.

All applicants must have rights to work in the UK and be willing to undertake the relevant pre-employment screening checks should your application be successful.

Expected salary:

Location: Wolverhampton

Job date: Sun, 10 Dec 2023 06:13:13 GMT

Apply for the job now!