Treasury Reporting Accountant

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.

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

This role offers a fixed term contract for 18 months. The Treasury Reporting Accountant is responsible for preparing Treasury reporting for ALCo and for ensuring regulatory returns are completed in accordance with the appropriate accounting, statutory and regulatory requirements. Focused on liquidity, funding and derivative dealing, you shall forecast on behalf of the business in line with the policies laid out in the Board’s Financial Risk Management Policy.
A technical role you shall prepare Regulatory Returns and assist in the production of monthly Management Accounts and key performance MI, whilst maintaining robust systems and controls, ensuring the regulatory software is updated on a monthly basis.

Hybrid working options are available with an expectation to travel to Lancashire site 1/2 days per week.

Main role duties:

Treasury ALM Reporting
• To lead on the preparation of all financial reports, for inclusion in the ALCo reporting and regulatory returns

Treasury Front Office

• To undertake liquidity, funding and derivative dealing on behalf of the Society in line with the policies laid out in the Board’s Financial Risk Management Policy (“FRMP”)
• To ensure that all Treasury Dealing files are updated on a daily basis
• To ensure the level of liquid buffer assets at all times meets the requirements of the Liquidity Coverage Ratio (LCR)
• To manage the surplus funds within pre-determined limits
• To raise wholesale funding as and when necessary, ensuring that all exposures are within pre-determined limits
• To undertake treasury dealing in accordance with the relevant principles laid out in the UK Money Markets Code. This is a fraud control.
• To provide updates to ALCO in relation to Treasury Front Office and future dealing activities
• To ensure all operational procedure notes are kept up to date
• To ensure that the Treasury Front Office Risk Register captures all pertinent Front Office risks
• To maintain relationships with money market brokers, our custodian, and our counterparties

Regulatory Reporting

• To ensure all regulatory returns and requests for financial data are accurately produced and submitted on a timely basis in accordance with the regulatory and statutory requirements.
• To maintain a log of reporting requirements, deadlines and submissions – reported to ALCO
• To plan the completion of all returns in accordance with the Finance Team’s resources, cascade the plan and monitor completion in accordance with the plan.
• To produce and maintain procedure documentation and effective and efficient working files for all returns, to be reviewed as part of the QA process.
• To continually horizon scan for all upcoming regulatory changes and to provide monthly updates to the Head of Finance and Finance Director and where recommended, to produce an update report for ALCO.
• To maintain a log of all queries and subsequent solutions resulting from the completion of returns.
• To develop an effective relationship with the Accounting Group.

Reporting Software

• To ensure the regulatory software (currently ALMIS) is updated on a monthly basis
• To sign-off the data uploaded on a monthly basis
• To maintain up to date reporting software and evidence of the testing undertaken
• To ensure a robust software testing framework is in place

Monthly and Annual Reporting & Accounts

• To prepare the monthly Loss provisioning and EIR journals
• To assist in the preparation of the Annual Report and Accounts and Summary Financial Statement in accordance with appropriate accountancy standards, statutory and regulatory requirements

Experience & Qualifications Required To Apply:

With a proven track record of operating in a similar role, you shall have experience in the financial services sector as this is essential. Able to commit to an 18 month FTC you shall be qualified (ACA ACCA CIMA) or QBE with a solid grounding and understanding in the requirements required.

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

Kenton Black Finance operate across the UK as a market leading recruitment partner, specialising in the attraction of finance talent across both permanent and interim requirements. With a team of dedicated experts, each with longevity operating in the finance arena, we maintain a proven track record and have established partnerships with businesses both large, small and those in their infancy. Market leaders, we provide recruitment solutions from entry level finance to directorship professionals. Operating from local offices in Preston, Manchester, Leeds, Liverpool, Birmingham and Glasgow, Kenton Black Finance remain a dynamic and effective recruitment partner who represent and attract only the finest finance talent in the local area and across the UK.