GCM Financial Accounting Analyst I - UK at M&T Bank

London, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

Bachelor's degree in Accounting, or related field with significant Accounting coursework, or in lieu of a degree, a combined minimum of 4 years’ higher education and/or work experience
Studying Association of Chartered Certified Accountants (ACCA) Stage 1 The Applied Knowledge or Part Qualified studying ACCA Stage 2 The Applied Skills or Studying Chartered Institute of Management Accountants (CIMA) Operational Level or Part Qualified studying CIMA Management Level
Proficient in the use of Personal Computers including word processing, spreadsheet, presentations and industry-specific software
Experience in the application of International Financial Reporting Standards (IFRS) Accounting Standards
Good technical aptitude with curiosity and desire to learn new tools and skills
Excellent verbal and written communication skills
Experience adhering to strict deadlines
Motivated for quality and excellent service delivery
Detail oriented
Prior experience being highly flexible and adaptive to change
Experience working in a collaborative environment
Part Qualified ACCA/CIMA (preferred)

Responsibilities

Support the monthly closing of the general ledger for assigned area outside Finance, including analyzing and interpreting account fluctuations and monthly/quarterly reporting (could include manual processing)
Support monthly variance analysis, reconciliations, tests of accounting data integrity and work paper review
Review accounting transaction documentation for completeness and accuracy; research account variances
Work with more experienced personnel in supporting 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
May support integration of acquired portfolios to the Bank’s general ledger
May support creation of business requirements documents and functional requirements as well as test and implement these new requirements
Prepare accounting reports specific to assigned area in a timely and accurate manner
Assist with problem resolution and data interpretation, complete mechanical review and variance analysis, and ensure timely submission of reports
Complete accounting tasks in a manner compliant with applicable laws and regulations and/or that serve to help the Company comply with laws and regulations that apply to the business line the position supports
Participate in departmental task and project planning and other administrative duties
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

Key technologies and capabilities for this role

General LedgerReconciliationsVariance AnalysisFinancial ReportingRegulatory ReportingAccounting ControlsProcess ImprovementWork Paper Review

Questions & Answers

Common questions about this position

What education and experience are required for this role?

A Bachelor's degree in Accounting or a related field with significant Accounting coursework is required, or in lieu of a degree, a combined minimum of 4 years’ higher education and/or work experience.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary range for this position?

This information is not specified in the job description.

What does the team structure look like for this role?

The position works independently under general supervision, interacts with internal Bank business partners as well as internal and external auditors, and has no supervisory or managerial responsibilities.

What makes a strong candidate for this Financial Accounting Analyst role?

Strong candidates will have a Bachelor's degree in Accounting or equivalent experience, and skills in general ledger closing, variance analysis, reconciliations, and regulatory compliance, with the ability to work independently under supervision.

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