GCM Financial Accountant II - UK at M&T Bank

London, England, United Kingdom

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor's degree in Accounting or related field with a minimum of 3 years’ post ACCA/CIMA qualification accounting experience, or in lieu of a degree, a combined minimum of 8 years’ higher education and work experience
Association of Chartered Certified Accountants (ACCA) or Chartered Institute of Management Accountants (CIMA) qualified
Proficient in the use of personal computers including word processing, spreadsheet presentations and industry-specific software
Experience in the application of Generally Accepted Accounting Principles (GAAP) principles
Experience in the application of International Financial Reporting Standards (IFRS) Accounting Standards
Experience developing and implementing financial controls
Detail oriented
Excellent understanding of financial matters

Responsibilities

Support the monthly general ledger closing for an assigned area outside Finance, including analyzing and interpreting account fluctuations and monthly/quarterly reporting (could include manual processing)
Champion monthly variance analysis, reconciliations, tests of accounting data integrity, and work paper reviews
Review accounting transaction documentation for completeness and accuracy; identify and work to resolve accounting issues and variances
Provide guidance and mentoring to less experienced personnel; provide input to the annual review process for them
Champion the improvement and implementation of existing processes and new processes related to the accounting for various products that enhance the efficiency and effectiveness of the department
Support the integration of acquired portfolios to the Bank's general ledger
Create business requirements documents and functional requirements as well as test and implement these new requirements
Provide significant accounting and operational support throughout the department, ensuring appropriate levels of internal control
Complete, and at times direct, related projects and highly specialized assignments in support of department initiatives
Participate in and/or lead special projects related to accounting, financial reporting, regulatory reporting and/or policy and procedure review
Understand and adhere to the Company’s risk and regulatory standards, policies and controls in accordance with the Company’s Risk Appetite. Identify risk-related issues needing escalation to management
Promote an environment that supports belonging and reflects the M&T Bank brand
Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable
Complete other related duties as assigned

Skills

General Ledger

Reconciliations

Variance Analysis

Financial Reporting

Regulatory Reporting

Accounting Systems

Process Improvement

Business Requirements

GL Closing

Work Paper Reviews

M&T Bank

Full-service banking for individuals and businesses

About M&T Bank

M&T Bank provides a variety of banking services to individuals, small businesses, and larger companies. Their offerings include mortgage assistance, personal and business checking accounts, and mobile banking options. The bank primarily operates in the Northeastern and Mid-Atlantic regions of the United States, emphasizing community engagement and a focus on customer service. M&T Bank's business model is based on traditional banking practices, such as loans, deposits, and investment products, and it generates revenue through interest income and service fees. A key aspect that sets M&T Bank apart from its competitors is its commitment to community involvement, which includes allowing employees to volunteer and supporting local organizations. The recent merger with United Bank, N.A. has further expanded their services and market presence.

Buffalo, New YorkHeadquarters

1993Year Founded

IPOCompany Stage

Financial ServicesIndustries

10,001+Employees

Risks

Competition from fintechs could erode M&T Bank's market share among tech-savvy customers.

Integration challenges from the United Bank merger may disrupt operations.

Decreased prime rate could reduce interest income, impacting profitability.

Differentiation

M&T Bank emphasizes community engagement through its charitable foundation and volunteer programs.

The bank offers a wide range of traditional and digital banking services.

Recent merger with United Bank, N.A. expands M&T's market reach and service offerings.

Upsides

M&T Bank's $1.5 billion senior notes offering strengthens its financial position.

Decreased prime rate may attract more borrowers, increasing loan volume.

Shannon Lazare's appointment as New Jersey Regional President enhances local community engagement.

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