Management Accountant | London

We are Monex, a specialist in commercial foreign exchange. We offer a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments. Our team of experts provides personalized and proactive service, helping clients execute thoughtful FX strategies tailored to their specific business needs.

As part of the Monex SAB de CV financial group, we support over 70,200 clients worldwide, offering local expertise in various regions including the UK, Luxembourg, Canada, and Singapore. Our goal is to empower clients to make better-informed business decisions in a fast-moving and volatile market.

Department Overview

Finance departments need to constantly monitor the effectiveness of their activities and respond to any problems identify.

The need for financial departments to constantly adapt to their unique circumstances, which may include taking on additional responsibilities or relinquishing existing ones.

Accounts Payables/Receivables Group

Bookkeeping is the most basic financial activity in a company. Before a business owner ever considers hiring a CFO, they bring in a bookkeeper, who tracks all of the transactions in the organization, covering both sales and expenses. As the organization grows, they might hire more specialized payables and receivables clerks, to take over functions such as corresponding with vendors and suppliers, above and beyond recording transactions.

Financial Reporting and Control

Financial Reporting and Control is the function that takes raw accounting entries and transforms them into usable and comparable financial statements. Requiring far more judgment than the bookkeeper’s role, this function involves everything from ruling on how to implement accounting principles to designing financial processes of the organization, selecting accounting systems, liaising with external auditors, and ensuring that there are no gaps or oversights in existing processes.

Tax and Compliance

Running a business involves paying tax, and paying tax means doing a lot of calculations and filling out a lot of forms. Often using the financial statements as a basis, along with various other configurations of the information produced by Bookkeeping and Payables/Receivables, the Tax and Compliance function will make sure all of the government forms and filings are sent complete and on-time to the taxman. A strong Tax and Compliance function will go one step beyond simple compliance, and will find ways to minimize tax, so as to maximize the company’s net income.

Strategic Planning and Financial Planning & Analysis

This function, “FP&A” for short, is the true bridge between the Past and the Future. FP&A regularly creates strategic and financial plans that forecast what financial results (sales and expenses) will look like in future periods. Then, they compare actual results-prepared with the assistance of the Financial Reporting and Control function-to determine areas where the business can improve. With this “variance analysis” complete, they can then prepare more accurate forecasts for the future. A strong FP&A function will not only generate annual forecasts but will be able to update them even over the course of a day or two, and to run many scenarios that examine the effects of, say, losing a big customer or an economic contraction.

Budgeting and Forecasting

This function is to develop an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.

Job Overview

To take financial ownership and accountability of an entity with Monex Europe Ltd and Monex Canada.

To become the expert in the financial regulations and process for the assigned region and be the main point of contact.

Key Skills & Experience Required

• Previous experience of working within in a regulated investment firm;
• Some experience working within a similar role within a commercial environment;
• Good demonstrable knowledge of UK financial Regulations etc.;
• Some awareness of financial regulations, compliance and risk management within assigned country/region;
• Some knowledge of the regulatory environment in which an FX firm operates;
• Able to demonstrate a clear understanding of the purpose of risk management; and compliance within a regulated environment;
• Experience working with assigned country/region;
• Ability to analyse complicated data;
• Experience dealing with both internal and external auditors.

Leadership / Management Skills:

• Leads by example, embodying the culture and values of the Company
• Cultivate an environment of psychological safety, innovation, creativity and increased productivity
• Able to anticipate issues and risks and mitigate accordingly
• Credibility in dealing with clients and colleagues across a complex organisations with different cultures and geographies
• Ensuring and maintaining the standard of all documentation for their department’s systems, controls, policies and processes
• Maintenance of decision-making records

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us !