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Financial Reporting Manager

Location: Darlington

Salary: £35k - £45k

Job Type: Permanent

Job ID: 166896

NRG is proud to once again be partnering with Darlington Building Society in their search for a Financial Reporting Manager. Due to internal progression, an incredible opportuntiy to join a forward thinking Building Society has arisen.

 

Preparation of Financial Information

  • Lead the production of timely and accurate financial and regulatory returns and present these returns for review by the FC (or Treasury Manager) as well as keeping pace with and maintaining knowledge of the fast changing reporting requirements within the sector.

  • Assist in the production of timely and accurate completion of internal management information for the Executive Committee, The Asset and Liability Committee (ALCO), and the Board.

  • Assist in the production of the annual accounts, working with external auditors to meet internal deadlines, ensuring up to date knowledge of accounting standards is maintained.

  • Utilise the Society’s MI tools to prepare ad-hoc MI or financial modelling and relevant analysis to support business planning, as required

 

Treasury

  • To act as a dealer or settler within the treasury function as required.

  • To have an active role in the asset management of the Society, carrying out the treasury & liquidity investment and funding requirements strategy.

 

Strategy and Management

  • To assist in the preparation of key strategic documents including the Society’s capital assessment (ICAAP), liquidity assessment (ILAAP) and 5 year business plan

  • Play an integral role in risk management of the Building Society to ensure the Society complies with all regulatory requirements

 

Budgeting and Modelling

  • Support the preparation of accurate and timely budgets & forecasts, P+L, balance sheet providing commentary and analysis including the Society’s annual 5 year budget

  • To oversee the production of quarterly fee income budgets and monitor performance against budget on a monthly basis

  • Support in the modelling of mortgage loss provision budgeting.

 

Continual Development of Finance Department and Society

  • Ensuring processes, work flows and systems within the department are challenged and developed to ensure the efficiency of processes are maximised and the quality of data produced is continually improved.

  • Develop systems and procedures to ensure the efficient and effective management of the company's finances and authorise expenditure.

 

Working Relationship & Contacts

  • The FRM will report into and work closely with the FC. Monthly one to one meetings will be used to supervise and monitor work flows as well as prioritise and manage work.

  • Work with the Finance Officer and Treasury department to achieve the goals of the Finance and Treasury department.

  • Work with other departments and the branch network within the Society both directly and as part of project groups and committees such as the Senior Leadership Team.

  • Prepare papers on complex areas and presentation of these to internal committees including the Board.

  • To be a member of the SLT and attendance at weekly treasury meetings and monthly ALCO.

  • Liaise with external stakeholders including auditors, pension providers, HMRC and others to provide all required information and manage relationship.