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Senior Managers, Technical Accounting Advisory - Banking

Date: Aug 10, 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

Our team is expanding fast and need to continue building and delivering pipeline of new opportunities to meet our ambitious growth targets. As a result, an opportunity has arisen for senior manager level resources to help KPMG to meet our demanding pipeline. As part of our team, you will be working closely with other high impact functions within KPMG to develop client propositions such as Risk Consulting, Management Consulting and Banking Audit. As part of Banking Accounting Advisory team, 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.

Your responsibilities as a Senior Manager in the Accounting Advisory team will include:

- Leading the delivery of live accounting advisory client engagements and leading technical accounting work streams of larger multi-disciplinary engagements
- Providing subject matter expertise on technical accounting as well as practical implications relating to new accounting standards
- Reviewing technical accounting and risk interpretations related to new accounting standards prepared by clients (e.g. IFRS 9, IFRS 15, IFRS 16), provide challenge and recommendations
- Leading client and internal workshops and training
- Driving KPMG’s propositions/client offerings and assisting in the responses to client RFPs, with a primary focus on financial services (in particular banking clients)
- Writing and reviewing 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
- Managing and mentoring engagement team members

In addition you will:

- Oversee and ensure effective knowledge management of the team
- Work with Partners and Directors to sell/deliver solutions to clients
- Drive development of accounting advisory collateral and tools
- Develop thought leadership and technical accounting training material under the supervision of Partners and Directors
- You may be given opportunities to present to internal and/or external audience at various events
- Lead and deliver presentation to current and target clients
- Build and maintain long lasting client relationships

Qualifications and Skills

Successful candidates should have a strong Banking finance knowledge (including an understanding of the interactions with risk functions) and demonstrate the following skills:

- Qualified accountant (ACA/ACCA is preferable)
- Strong technical knowledge 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
- Good analytical skills in relation to impairment techniques
- Strong people manager with the ability to lead teams and develop others
- Strong communicator with a proven record in building strong and lasting client relationships
- Excellent project management with a proven track record in delivering high quality programme, project or assignment outputs
- Ability to lead and manage accounting change client engagements with no supervision (e.g. IFRS9, IFRS 15, IFRS 16)
- Strong work ethic, professional and personable
- Strong Microsoft PowerPoint, Word and Excel skill

Experience and Background

- Minimum 4 years of post-qualification experience in accounting and/or auditing with at least 2 years in technical accounting
- Significant experience in accounting/auditing within financial industry, particularly around application of IAS 39 and credit provisioning preferably in Banking
- In-depth understanding of how IFRS 9 standard impacts our clients, primarily financial institutions
- Good understanding of issues and challenges facing the finance functions of financial institutions
- Excellent understanding of leading practices for financial management / financial processes / trends in finance
- Experience in running accounting change project
- Experience in business development, as well as proposal writing and presenting to clients

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