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Managers, Technical Accounting Advisory - Banking

Date: Aug 18, 2019

Location: London, United Kingdom

Company: KPMG UK

The Banking Accounting Advisory team has live accounting advisory and change project experience in the market as well as in-depth understanding of technical accounting and insights into practical application issues and challenges. The team’s experience enables us to anticipate and proactively address the future challenges in the banking sector and our proven track record have resulted in significant growth which require dynamic and skilled individuals to deliver.

Our team provides a wide range of accounting advisory services including the following:

- Technical accounting support on accounting and regulatory change projects such as IFRS 9, IFRS 15, IFRS 16, UK GAAP, FINREP, Pillar 3, Brexit
- Accounting advisory on transactions and financial reporting such as on-call accounting advisory, design or review of accounting policy manuals and financial statements
- Accounting advisory with respect to business structuring
- Providing subject matter expertise support on multi-disciplinary Finance transformation and Deal advisory projects
- Audit support on technical accounting queries related to financial instruments
- Providing high quality and practical training and education for external and internal audiences

We are currently seeking Managers to join our Technical Accounting Advisory – Banking department in London during a significant period of growth.

Role and Responsibilities

- Manage client opportunities, deliver live engagements, leading small teams and providing input to larger multi-disciplinary teams
- Assist clients in their implementation programme for new accounting standards through delivering client workshops/training, direct assistance in performing the assessment and/or review of clients’ assessment, review technical accounting and risk interpretations required for IFRS 9, 15 and 16 prepared by clients. You will assist senior management of the team to deliver these services to clients
- Provide clients with advice on technical accounting issues and broader impacts of new accounting standards and regulatory changes
- Taking an active role in the identification of business development opportunities, develop KPMG’s client propositions and thought leadership collateral, and assisting in the responses to client proposals, with a primary focus on financial services (in particular banking clients)
- Write and review client reports based on analytical exercises (e.g. review of clients’ technical accounting decisions, stakeholder interview) to present findings and recommendations
- Respond to clients’ and audit teams’ ad-hoc accounting queries related to financial instruments
- Manage and mentor engagement team members

There will also be opportunities to get involved in some regulatory areas as well as projects led by other KPMG teams where accounting SME support is required, e.g. FINREP, Brexit, Finance transformation.

Necessary Experience and Skills

- Professional qualification: ACA, ACCA, CPA or international equivalent
- Relevant experience within Financial Services, with a minimum 2 years’ experience in technical accounting in Banking
- Prior experience with Impairment processes, as well as demonstrated experience in accounting change projects
- Robust technical understanding of accounting standards related to financial instruments and/or relevant to Financial Services clients (IAS 39, IFRS 9, IFRS 7, IFRS 13, IAS 32, IFRS 16, IFRS 15) and crucially the practical application within the banking industry
- Knowledge of finance processes, in particularly accounting processes and / or reporting requirements
- Proven ability to identify and pursue business opportunities whilst maintaining a solution mindset as well as drive and resilience to deliver in a pressured environment
- Demonstrated leadership ability with experience of managing a team of professional staff as well as stakeholder and relationship management skills
- Strong analytical skills in relation to impairment techniques
- Strong project management skills, demonstrated by a record of accounting project delivery
- Strong ability to evaluate technical issues, analyse facts, ability to influence and deal with senior individuals, consult and deliver solutions to clients
- Excellent written and communication skills; including delivering presentations and an ability to communicate well with clients in writing and verbally
- Strong Microsoft PowerPoint, Word and Excel skills

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