Job Title: Cost and Management Accountant
Location: London
Salary range: £80k-£90k
We are partnered with an international bank who are looking for a skilled Cost and Management Accountant to join their team. The successful candidate will play a pivotal role in analysing financial data, managing costs, and providing insights to support strategic decision-making. The ideal candidate will have a strong background in cost accounting, budgeting, and financial analysis within the banking or financial services sector.
Key Responsibilities:
* Prepare, analyse, and report on cost structures to support financial planning.
* Develop and manage budgeting and forecasting processes.
* Perform variance analysis and identify cost-saving opportunities.
* Manage the outsourced Account Payable process on a day-to-day basis ensuring the appropriate approval hierarchies are in place.
* Ensure compliance with internal controls and regulatory requirements.
* Collaborate with departments to optimise cost efficiency.
* Ensure adherence to procurement policies and practices, promoting cost-effective purchasing without compromising quality while ensuring compliance with the relevant regulations within the Procurement and Outsourcing management space.
* Provide detailed financial reports to senior management for decision-making.
* Monitor KPIs to assess financial performance and identify trends.
Requirements:
* Professional qualification (ACA, CIMA, ACCA, or equivalent).
* Proven experience in cost and management accounting, preferably within banking or financial services.
* Strong understanding of cost structures, financial performance analysis, and management accounting principles.
* Strong analytical and problem-solving skills.
* Proficiency in financial modelling and accounting software, relevant software and systems knowledge - SAP, SAGE, TM1 and Microsoft Office Suite.
* Excellent communication and stakeholder management skills.
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