Financial Accountant

BELONG. There’s no place like Principality

Our home is your home. So, when you decide to join the team, we’ll go further to bring you the warmest of welcomes. From a friendly and inviting environment to a flexible benefit package designed around you – when it comes to belonging, there really is no place like Principality. We keep it flexible wherever possible; we encourage you to look after yourself; we do our bit in the communities we serve and support you in doing the same, and we promise to get better together.

Some reasons you may want to consider working with us; we have an award-winning flexible/hybrid working policy, we’re a 2022 winner of UK Best Large Workplaces for Women, we have a newly refurbished hi-tech office in the centre of Cardiff designed around colleague feedback, we ranked number 6 for wellbeing in 2022,  we have an extensive financial and well-being benefits package ‘’Belong’’ designed to put our people first, we have consistent colleague engagement scores of over 85% and a caring community of supportive Networks. But that’s not all, discover why there’s really no place like Principality; Careers (principality.co.uk)

An opportunity has arisen within the Financial Reporting & Property team where the team purpose is to ensure a proportionate balance between accurate and timely reporting, within a robust control environment, whilst supporting the business in delivering key enterprise objectives.

The job:

You will be part of the Financial Accounting and Reporting Team, which is responsible for the preparation of the full year Annual Report and Accounts and half year reporting, together with month end reporting and supporting the control environment across the organisation. The team are also responsible for the various aspects of tax accounting including Corporation Tax and VAT.

Reporting to the Accounting & Reporting Manager you will enhance the Society’s Financial Reporting Function through:

• Monthly reporting of key accounting areas including IFRS9, EIR and ERC, regulatory provisions
• Take an active role in half year, interim and year end audits
• Preparation of the financial statements for the Society and subsidiaries
• Regular assessment of key accounting judgements including the preparation of papers for Audit Committee
• Acting as a key point of contact for external auditors
• Ownership of the preparation and audit of subsidiary statutory financial statements

You will gain exposure to a broad range of financial reporting activities; from expected loan loss accounting, to corporation tax, to hedging accounting and treasury accounting. You will develop an end-to-end understanding of the Financial Reporting & Control function to ensure the accuracy and completeness of the Society’s financial reporting. You will also develop a strong working relationship with  other teams across the CFO Directorate to ensure consistency across all external reporting.

Previous Experience:

• Experience in financial accounting & using accounting software
• Experience of pension accounting
• Experience of corporation tax
• Knowledge of the Society’s products & services
• Experience of external statutory audit

Competencies:

• Enthusiastic and keen to learn new skills in addition to current strong technical knowledge
• Well organised, resilient under pressure and with the ability to plan effectively
• Good communication skills required to deal with external & internal stakeholders
• Ability to work accurately under pressure, often to tight deadlines
• Sound judgment, decision making and problem-solving abilities, often without full information or data
• Ability communicate at all levels coupled with the ability to maintain a network of appropriate contacts throughout the business

‘’We are passionate about creating an inclusive workplace where diversity is celebrated and where colleagues feel a sense of belonging’’ Daniel Priest, Inclusion Manager. But don’t just take our word for it, see what our colleagues say about working here too; Careers (principality.co.uk)