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Finance Cost & MI Business Partner

Employer
ING
Location
Fleet Street, Central London, United Kingdom
Salary
Competitive Salary
Closing date
Oct 1, 2020

View more

Job Role
Finance Business Partner
Sector
Finance
Contract Type
Permanent
Hours
Full Time

Department Overview:


The UK Finance department is responsible for Financial Reporting & Control of ING's UK Wholesale Banking business. Responsibilities also include provision of Management Information, Regulatory Reporting, Accounts Payable and Payroll. The department works closely with the UK Tax team who are responsible for Tax Advisory and Compliance services.


This role sits within a team of four responsible for the financial reporting of the local expense ledger and a wider team that is also responsible for the AP function within London Wall, Cost MI and Dubai ledger. The team works closely with Management Reporting, Tax, Accounts Payable, and Payroll teams.


Main Duties and Responsibilities of Role:


The role includes, but not limited to, the following main duties and tasks:



• Responsibility for ensuring timely & accurate monthly reporting cycle, including:

> Business Partnering and point-of-contact for specific areas of the Business

> Liaising with members of senior management, proving support and challenging where required

> Periodic budgeting and forecasting

> Month-end journal adjustments

> Expenses accruals

> Provision review

> Prepayments

> Analytical review

> Head Office submissions in line with IFRS & ING Accounting Policies

> Cost variance investigations on behalf of clients

> Reconciliations between trial balance and source supporting data

> Review of work produced by other Team members and coordination of monthly deliverables



• Ensure that the ING 10 control environment is maintained & actively questioned, including:

> Monthly balance sheet reconciliations (AOD)

> Intercompany reconciliations

> Monitor daily FX positions

> Maintaining relevant procedures for all tasks & activities



• Financial reporting submissions in line with IFRS and ING Accounting Policies:

> P&L and B/S submission

> Analytical review of P&L and BS

> Memo movement schedules

> Equity investment report

> Foreign currency report

> Country risk report

> FINREP



• Demonstrate good system knowledge & adopt best practice including:

> GEM, GFRS and MASS system static data maintenance

> GFRS and MASS submission refinements & improvements

> GEM Enhancement Projects



• To provide cover on other tasks as required with other members of the finance team



• Work with wider finance team on process improvement, project work and ad hoc work as it arises.


Candidate Profile


Qualification/Education

Essential: Part-Qualified Accountant

Desirable: Qualified Accountant


Experience/Knowledge

Essential: Minimum of 3 years in Cost Control / Reporting role

Desirable: Banking experience

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