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Banking Accounting Manager


  • £70000 - £73000 per annum
  • London, Greater London
  • Posted: 01/08/2022
  • Permanent
  • Job Ref: 176BKACCT1

Job Details

Banking Accounting Manager required by a leading global accountancy firm in the City of London. The post holder will provide technical accounting support on accounting and regulatory change projects such as IFRS 9, IFRS 15, IFRS 16, UK GAAP, FINREP, Pillar 3, Brexit, IBOR reform, and ESG reporting, as well as accounting advice on transactions and financial reporting such as on-call accounting advisory, design or review of accounting policy manuals and financial statements.

This is a full time, permanent role – salary £70-73k per annum + £4500 car allowance, bonuses and benefits – interviews asap

Duties include:

  • Manage client opportunities, deliver live engagements, lead small teams and provide input into larger multi-disciplinary teams.
  • Respond to clients’ ongoing ad-hoc technical accounting queries.
  • Analyse client transactions or structures and perform detailed technical accounting analysis, including writing formal accounting opinions where required, e.g. structured transactions or deal accounting. You will assist senior management of the team to deliver these services to clients on complex transactions.
  • Provide clients with advice on technical accounting issues and broader impacts of new accounting standards and regulatory changes.
  • Write and review client reports based on analytical exercises (e.g. review of clients’ technical accounting decisions, stakeholder interview) to present findings and recommendations.
  • Assist clients in their implementation programme for new accounting change or development and post-implementation review programme through delivering client workshops/training, direct assistance in performing the assessment and/or review of clients’ assessment, review of technical accounting and risk interpretations prepared by clients e.g. IFRS 9. You will assist senior management of the team to deliver these services to clients.
  • Take an active role in the identification of business development opportunities, client targeting, developing client propositions and thought leadership collateral, and assisting in the responses to client proposals, with a primary focus on Financial Services (in particular, Banking clients).
  • Manage and mentor junior engagement team members.
  • Support senior management of the team with aspects of practice management.
  • Research relevant technical and industry developments, participating in and facilitating internal and external technical training. 

Key requirements:

  • Relevant accounting advisory or technical accounting experience within Financial Services particularly in Banking, with experience in technical accounting in Banking. Any additional Financial Services experience, such as asset management or insurance, would be advantageous.
  • Robust technical understanding of accounting standards related to financial instruments and/or relevant to Financial Services clients (IAS 39 hedge accounting, IFRS 9, IFRS 7, IFRS 13, IAS 32, IFRS 16, IFRS 15).
  • Strong experience in the practical application of the above financial instrument accounting requirements within the Banking industry. Strong experience in IFRS 9 impairment process, derivatives or hedge accounting experience is desirable, as well as demonstrated experience in accounting change projects.
  • Technical understanding of non-financial instruments accounting standards and other relevant requirements as relevant to deals accounting and finance transformation (IAS 38, IFRS 3, IFRS 10, IFRS 2, UK Companies Act requirements). Practical experience of application of these standards in the Banking industry is desirable.

Qualifications and Skills:

  • Professional qualification: ACA, ACCA, CPA or equivalent.
  • Strong technical knowledge of accounting standards related to financial instruments and/or relevant to Financial Services clients (IAS 39 hedge accounting, IFRS 9, IFRS 7, IFRS 13, IAS 32, IAS 38, IFRS 3, IFRS 10, IFRS 16, IFRS 15).
  • Strong experience in the practical application of the above financial instrument accounting requirements within the Banking and Financial Services industry.
  • Understanding of the Banking sector and UK and EU banking regulations and the critical interactions between IFRS and regulatory reporting.