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

London, England, United Kingdom

M&T Bank Logo
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

General Ledger
Reconciliations
Variance Analysis
Financial Reporting
Regulatory Reporting
Accounting Controls
Process Improvement
Work Paper Review

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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