Senior Management Accountant

Monex; London; On-site; GBP 50,000 - 90,000

Job description

Senior Management Accountant | London

We are Monex, a specialist in commercial foreign exchange. We offer a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments. Our team of experts provides personalized and proactive service, helping clients execute thoughtful FX strategies tailored to their specific business needs.

As part of the Monex SAB de CV financial group, we support over 70,200 clients worldwide, offering local expertise in various regions including the UK, Luxembourg, Canada, and Singapore. Our goal is to empower clients to make better-informed business decisions in a fast-moving and volatile market.

Department Overview

Finance departments need to constantly monitor the effectiveness of their activities and respond to any problems identified.

Job Overview

To take financial ownership and accountability of MEL, MTS, MEHL, MEM. To become the expert in the financial regulations and process for the assigned region and be the main point of contact.

Key Responsibilities & Accountabilities:

Financial Reporting and Control

- Preparing, reviewing and fully responsible for the management accounts pack for the responsible entities ensuring its compliance with the UK regulations or any other local regulation.

- Attend a month-end meeting and discuss any issues with the monthly management accounts or reconciliations and work with the team to resolve any queries and agree how to close.

- Ensure the management accounts are compliant with country/regional regulations.

- Work with the Finance team to agree inter-company reconciliations.

- Carry out regular reviews of the Income Statement and Balance Sheet throughout the month and at month-end (GL reviews), ensuring the correct accounting treatment for all transactions, identifying variances and trends, and instructing any required accounting adjustments to the Accounts Payable team or the Finance Assistant.

- Collaborate with Finance Business Partner (FBP) bringing the commercial element in the accounts such as discussing with FBP monthly accruals, ensuring the inclusion of provisions for upcoming costs as per the advice of the relevant Heads of Department.

- Review month-end activities and postings carried out by the Finance Assistant and MA, including bank reconciliations.

- Balance sheet reconciliation review and mentoring team.

- Prepare/Review monthly reports required by the Head Office in Mexico and Mentor the junior staff.

- Provide key financial highlights and commentary to the local controller.

- Prepare Statutory Annual and full ownership year-end.

- Provide support to the Local controller with the interim and year-end external audit process.

- Review the financials prepared for the Board Meeting every quarter.

- Lead and supervise all monthly and ad hoc Finance related activities for IAs (MEL keeps all relationships with IAs).

- Support the Local Controller with any required ad hoc activities, including ad hoc requests or queries from the Head office.

Accounts Payables/Receivables

- Overview the collation of invoices for payments as well as supplier records and follow up with the other FBP and AP for any inconsistencies.

Tax and Compliance

- Ensure the correct tax criteria is used for all invoices from suppliers and invoices from IAs.

- Ensure that proper guidance and mentoring to the MA and FA tax data for the annual tax return.

General

- Lead and support the internal and external audits.

- Project work.

- Other tasks as and when required to support the Finance team.

- Ensuring and maintaining the standard of all documentation for the department's systems, controls, policies and processes.

Business Knowledge / Technical Skills:

• Previous experience of working within a regulated investment firm;
• Strong demonstrable experience of working within a similar role within a commercial environment;
• Strong accounting, finance and book-keeping background;
• Understanding of key accounting concepts and reporting requirements within the UK and across Monex regions;
• Strong knowledge of UK financial Regulations;
• Strong knowledge of financial regulations, compliance and risk management within other countries/regions within the group;
• Strong knowledge of the regulatory environment in which an FX firm operates;
• Able to demonstrate a clear understanding of the purpose of risk management and compliance within a regulated environment;
• Experience working with assigned country/region;
• Awareness of regulatory, compliance and risk management within other countries/regions an advantage;
• Ability to analyse complicated data;
• Ability to collate information;
• Extensive knowledge of FRS102, IFRS;
• Experience in tax calculation, corporate tax and VAT.

Leadership / Management Skills:

• Leads by example, embodying the culture and values of the Company;
• Cultivate an environment of psychological safety, innovation, creativity and increased productivity;
• Able to anticipate issues and risks and mitigate accordingly;
• Ensuring and maintaining the standard of all documentation for their department's systems, controls, policies and processes;
• Maintenance of decision-making records;
• Previous line management experience essential.

Systems / Knowledge Skills:

• MS Office; Outlook, Word, Excel including V-Lookups, pivot tables, PowerPoint;
• Finance - Workday is an advantage;
• Databases - FXDB (In House);
• Power BI (Desirable).

If you like wild growth and working with happy, enthusiastic over-achievers, you'll enjoy your career with us!