Finance Associate - London, United Kingdom - QIB (UK) Limited
3 weeks ago
Description
About us
We are professional, customer-centric, inclusive, and our goal is to A leading, innovative and global Islamic bank adhering to the highest Shari'a and ethical principles, meeting international banking standards, partnering the development of the global economy, with good outcomes for our clients and participating in the advancement of the society and nurture an internal environment of qualified professionals who are part of an inclusive and leading global bank.
Our work environment includes:
- International workforce
- Wellness programmes
- Relaxed atmosphere
The Finance Associate will hold experience of and skills in accounting fundamentals, purchase ledger management, reconciliations, Excel, Word and PowerPoint, time management, strong verbal, and written communication skills as well as a keen focus on quality and accuracy.
They ensure that all operational tasks allocated to them within the Finance function are completed accurately within stipulated time limits, and that documented policies and procedures are implemented, maintained, and adhered to.
The incumbent will support the Finance team to continuously seek out improvement opportunities within the Finance Department and to identify and implement effective solutions.
They will provide effective job cover for regulatory reporting, effectively plan timing of all supplier payments in line with due dates, whilst maximising efficient use of cash, prepare mid-month P&L forecast for Group reporting and assist the CFO in completing detailed annual budgets and rolling forecasts.
They will assist the Head of Finance in preparing the monthly reporting pack, detailed backing schedules and variance analysis, prepare of Group reporting, complete quarterly VAT returns, provide cover for the daily regulatory ratios and monthly/quarterly regulatory returns, provide other analysis and reports as required by the CFO or Head of Finance, assist in the preparation of the annual statutory financial statements and complete the annual Form P11D and PAYE Settlement Agreement (PSA).
Their main duties will include, but not limited to, ensuring that all financial transactions are recorded accurately and completely and are processed into the Bank's core banking system and all secondary accounting records.
The incumbent is responsible for maintaining the cashbook and completing daily bank reconciliations of all accounts, processing and control of all supplier invoices, corporate credit cards and payments, process staff expenses in-line with company policy, maintain Sales Ledger, daily monitoring and checking of all ledger entries posted to the Bank's core banking system, ensuring accuracy, validity, and completeness.
Additionally, they are responsible for maintaining the Bank's Fixed Asset Register and ensuring that all assets are appropriately recorded and monitored.
They will review and control all property related costs/revenue, be responsible for the processing and control of disbursements, full review and management of petty cash, full review and maintenance of daily prepayments and accruals, ensure all processes and procedures are fully documented, assist in the external audit process.
Job Types:
Full-time, Permanent
Salary:
£35,000.00-£40,000.00 per year
Benefits:
- Company pension
- Enhanced maternity leave
- Enhanced paternity leave
- Free flu jabs
- Health & wellbeing programme
- Life insurance
- Private medical insurance
- Referral programme
- Sick pay
Schedule:
- Monday to Friday
Ability to commute/relocate:
- London, W1K 3HL: reliably commute or plan to relocate before starting work (required)
Experience:
- Banking: 1 year (required)
Work Location:
Hybrid remote in London, W1K 3HL
Application deadline: 31/07/2023
