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Finance Manager - Asset & Liability Management - Berkshire

£38 - £45k, rising to £50k - Finance
Ref: 846 Date Posted: Thursday 01 Nov 2018
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Newbury Building Society is a successful, award-winning and customer focussed mutual Building Society with a Head Office in Newbury and a branch network throughout Berkshire, Hampshire and Oxfordshire.  This is a great opportunity for a part or fully qualified accountant looking to move in to the financial services industry as full training and support is given on the technical aspects of asset & liability management.  You will be a highly numerate, analytically minded accountant who wants to move in to a balance sheet and risk management position within a finance environment.

 

The key purpose of the role is to ensure that timely, accurate and relevant financial information is available to the Society’s Board, Regulators and other internal customers, and that the control environment is maintained at benchmark levels.  

 

Some of the tasks will involve: 

•        Preparing and maintaining a detailed 24 month cash flow forecast

•        Developing and running liquidity stress tests, as required 

•        Forward forecasting Liquidity Coverage Ratio and Net Stable Funding ratio  

•        Managing the relationship with nominated bank 

•        Managing swap payments 

•        Managing a new Assets and Liability management system 

•        Leading and analysing the hedge accounting  

•        Producing monthly board reports 

•        Working with the FD to determine the optimum composition of liquidity assets

•        Identifying and managing potential risk events within Finance   

•        Managing, supporting and developing one direct report  

•        Keeping up to date with PRA requirements and guidelines 

•        Building knowledge of the business and identifying improvements 

 

Essential requirements:

•        Minimum Part or nearly qualified in Accountancy: ACA, ACCA or CIMA

•        A level standard of education, or equivalent 

•        Advanced Excel skills 

•        High degree of accuracy 

•        A positive attitude towards delivering excellent internal and external customer service outcomes 

•        A pro-active approach to challenge and improve processes 

 

Desirables:

•        A degree in a numerate subject 

•        Experience of hedge accounting 

•        Experience of change management 

•        Supervisory experience

 

This is a full time role, working 9am- 5pm, Monday to Friday although there is some flexibility on the hours, albeit you would be required to work full time (35hrs per week), 5 days a week.

 

Starting salary is £38,000-£45,000 dependent on experience, rising to £50,000 once fully competent in all aspects of the role.

 

Closing date:    Friday 16 November 2018     

Interviews:      To be confirmed