The Bank
A leading issuing bank, who has been transforming the future of cross border payments to serve our Clients over the past 18 years. The Bank has recently embarked on a journey to expand its banking product range and now offers digital corporate banking services locally.
The Bank has offices in London, Malta and Gibraltar, currently serving innovative Clients through a portfolio of e-money products and payment services as well as deposit accounts for its Corporate Clients. As a leader in the industry, we set the standard for excellence in the payments sector. We are forward thinkers in a complex ecosystem and partner with cutting edge Fintech’s to challenge the way we conventionally bank for the better.
Investors
Our parent company, IDT Corporation, is an innovative and opportunity-seeking multinational company headquartered in the US and listed on the New York Stock Exchange, with offices across the globe.
Role Outline
The holder of this position will be responsible for the day to day running of accounts payable, Client invoicing, accounting records and month-end reporting as well as other ad-hoc tasks relating to financial reporting.
Tasks will include:
• Assist the Head of Financial Reporting with all month/quarter/year end related tasks.
• Raising purchase orders, inputting purchase and sales invoices into the accounting system, setting up supplier payments, and ensuring that payments are authorized and settled in a timely manner. Ensuring that accruals and prepayments are correctly recorded and month-end reporting deadlines for accounting entries / reconciliations are achieved.
• Ensuring accounts receivables are invoiced promptly, and escalation procedures put in place to obtain settlement of invoices in line with the company’s Credit Policy.
• Raise invoices to recharge Clients for third party fees endure these are processed promptly and settled quickly. Aged debtors are monitored and escalated promptly.
• Prepare reports to support reconciliations and billing of Clients.
• Reconciliation of balances on the relevant financial reporting ledgers are completed within the strict reporting deadlines.
• Assisting the Head of Financial Reporting with the preparation of financial reports, including management accounts, financial statements, statutory audits, and regulatory filings.
• Ensure that all Client queries and requests are resolved within agreed SLAs.
• Assist the Financial Controller with in-depth analysis and forecasting of third-party costs such as Banking Lite providers and Schemes.
• Preparation of ad-hoc reports and reconciliations to support the audit process, disputes and queries from Clients.
• Processing routine, correcting and revaluation journals in the accounting system.
• Any ad-hoc request required by senior management.
• Streamlining and automating all processes for more efficient working.
Competencies, Knowledge & Skills
• Highly numerate with the ability to constantly meet deadlines whilst ensuring exceptional attention to detail.
• Demonstrates a commitment to professionalism.
• Excellent communication skills with team members, external Clients and within the organization across all levels.
• Challenges and adapts established working methods.
• Excellent organizational and planning skills and practical ability to prioritize effectively.
• Interacts with and considers other teams and departments.
Experience/knowledge/ attributes
• Highly developed communication, both verbal and written, including presentation skills.
• Confidence in making recommendations to Management for improvements to systems/processes.
• Proven experience in a Financial Services Environment.
• Ability to work under pressure and to strict deadlines.
• Strong problem-solving skills displaying creative and strategic solutions.
• Passionate about numbers and financial analysis.
• Eager to learn and grow within a structured career path.
• Ready to take ownership and contribute to a dynamic finance reporting team.
• Driven and detail-oriented
Additional Skills Required
• Knowledge of Finance, Accounting & Reporting requirements, including accounts up to Trial Balance.
• Intermediate / Advanced Excel skills.
• AAT qualified or similar desirable.
The holder of this position will be expected to pass the required background checks in line with the Bank’s policy.
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed