Our client seeks a Reporting Analyst to join the team on a 12 - 14 Month contract.
Role Profile: To support the production of regular reporting & requested insights & analytics to enable the Financial Insights Leads, Head of Reporting & Control & businesses in delivering their strategic objectives. Delivery of reporting relating to all aspects of profit & loss and balance sheet to address Business Units, Client, Sector, Region & Legal Entity. This will be achieved through the production of high quality, high impact business reports to agreed standards, formats & timelines.
Key Responsibilities:
* Attend to the amendment of irregularities found during the audit or risk monitoring process to ensure sufficient controls and standards are implemented and upheld.
* Conduct analytical reviews of the data obtained to predetermined materiality & metrics. Highlight material variances against budgets, plans and forecasts, and obtain analysis and commentary. Identify exceptions in extraction, aggregation and analytical review process for evaluation at regular feedback sessions.
* Develop commentary that accurately addresses requirements as agreed between the Finance Insights Leads and the Reporting & Control team. Ensure that commentary and insights provided align with the actual data reported on to improve credibility relating to data and commentary. Regularly engage with Reporting & Control Managers to identify areas in which further insight or analysis is required. Ensure all reporting is produced according to agreed requirements in standardised formats.
* Ensure that the correct reporting templates are utilised in the delivery of Financial Insights & Analytics reporting. Identify areas in which standardised templates can be refined to improve clarity and effectiveness of message. Utilise consistent pre-determined materiality in the determination of focus on the level of depth of reporting required. Ensure that all reporting insights and analytics can be tailored to produce a consolidated CIB view.
* Extract relevant data (including, as necessary, direct costs, indirect cost, impairment, revenue, balance sheet and liquidity, and fixed performance pack data) from identified source systems to agreed timetable. Aggregate data to represent a global Corporate Investment Banking view to agreed timetables. Reconcile aggregated data to source systems to ensure completeness. Produce regular intra-month and monthly flash, fixed performance, costing, balance sheet, revenue & capital management reports.
* Focus on balance sheet, capital, client and revenue processes that address Business Unit, Client, Sector, Region & Legal Entity. Produce commentary and analysis that supports intra-monthly reporting which supports the Reporting & Control Managers in developing understanding relating to balance sheet, capital, client and revenue activities.
* Focus on cost processes through production of cost reports that address Business Unit, Client, Sector, Region & Legal Entity. Perform cost allocations as per the Reporting & Control process.
* Understand and perform accurate intercompany and interdivisional eliminations. Perform consolidations, run Transfer Pricing (TP) Models, and prepare TP reports. Produce accurate Transfer Pricing journals and eliminations. Resolve issues which arise in eliminations, ensuring that all non-eliminated items are in fact reconciled to zero.
* Understand the key sources of data origination within the Reporting & Control function. Ensure that all relevant data is obtained to agreed timeframes, and stored securely. Identify and report on any deficiencies in data and template standards to Reporting & Control Managers.
Key skills and experience:
* Post Graduate Degree Finance and Accounting.
* 5-7 years - experience in producing high quality regular reporting and additional analysis which will include the provision of insight via commentary.
* Have a deep understanding of key drivers which influence typical management decisions, specifically within the banking or similar industry.
* 5-7 years - experience within the Financial/Statutory accounting field, and have a good understanding of the accounting requirements for the functions various types of transactions (Including costs, revenue, balance sheet and liquidity). A broad understanding of relationships between the aforementioned transactions and other items on the Balance Sheet/Income Statement which will enhance the depth of analytical reporting.
* The ability to effectively and efficiently manage business related data in an accurate manner, through the application of various technologies.
* The ability to express ideas by means of clear and effective writing, in order to support professional communication internally and externally to the Bank.
* The ability to interpret financial reports, measure performance and execute key ratio analyses.
* The ability to prepare financial reports of costs, cash flows, revenues and related items to inform management decision making.
* The ability to check financial entries in multiple systems to ensure that transactions and records are kept in sync and that they have been recorded appropriately.
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