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Financial Accountant-Frankfurt, Frankfurt

JOB DESCRIPTION

FINANCIAL ACCOUNTANT-FRANKFURT, GERMANY

Overview:

Reporting to the Finance Manager in London, the Financial Accountant is responsible for the accounting operations of one or more legal entities. This includes the maintenance of accounting records and internal control processes, production of monthly financial and regulatory reporting, and coordination of the annual financial and regulatory audits. This role also ensures company accounting policies and procedures conform to financial and regulatory reporting requirements. Please note that this position is based in Frankfurt, Germany.

Major Duties and Responsibilities:

Accounting operations and controls

  • Responsible for accuracy and timeliness of financial reporting and month-end close processes in collaboration with team members locally and abroad.
  • Manage intercompany transactions, cross-border transfer agreements and foreign exchange transactions.
  • Manage the preparation and/or supervision of daily bank reconciliations.
  • Coordinate with the accounts payable and accounts receivable functions to ensure prompt payment and collection.
  • Assist in the projection and management of cash flows and regulatory capital requirements.
  • Perform other duties or projects as required to support the needs and goals of the finance team and organization.
  • Drive continuous improvement and innovation focused on finance related and corresponding business processes and systems.
  • Maintain and strengthen internal controls to ensure adherence to company policies and procedures in carrying out business and accounting activities.
  • Perform financial and business analysis and provide recommendations for process and procedural improvements.

Financial Reporting

  • Prepare annual financial statements in accordance with applicable accounting standards and regulatory guidelines.
  • Analyze and report monthly financial and operating results to management.
  • Assist in the production of the annual budget and forecasts.
  • Analyze variances from the budget/forecasts and report significant issues to management.

Regulatory reporting (Compliance) and controls

  • Prepare and manage all regulatory reporting for the Federal Financial Supervisory Authority (BaFin), including daily client money segregation procedures.
  • Coordinate the provision of information and liaison with external auditors and regulators for the annual audits.
  • Preparation of VAT and Corporate Tax filings to ensure compliance with government reporting requirements
  • Research, document and implement new or changes to accounting standards and regulatory requirements and assess impact on business and accounting policies and procedures.
  • Documentation of all tax and financial internal and regulatory reporting processes and procedures.

Qualifications & Experience Required:

  • University degree in accounting, finance or a related field. Professional qualification or qualification in progress a plus.
  • 3-5 years of experience
  • Experience in an accounting environment preferably in the financial services industry in Germany – CFD Industry experience a plus
  • Business fluency in German and English  
  • Good knowledge of German GAAP rules
  • Demonstrated technical knowledge and implementation of local GAAP accounting standards and ability to stay abreast of changes
  • Knowledge of the financial services industry, regulations and related matters
  • Familiarity with intercompany transactions and foreign exchange transactions is a strong asset
  • Technical proficiency in Excel and other ERP systems essential whilst familiarity with Agresso an asset  
  • Mature, effective, written and verbal communication and interpersonal skills
  • A critical thinker with advanced analytical and problem-solving skills; attention to detail and client focus
  • Self motivated and proactive
  • Highly independent and organized individual with proven ability to prioritize work and meet deadlines in a dynamic fast paced environment
  • Ability to cultivate meaningful relationships and work effectively with cross-functional teams while remaining decisive and displaying sound judgment
  • Responsible team player with a positive attitude and willingness to accommodate to time zones and current demands of the team and organization.
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