Financial Reporting Senior Accountant – Associate

Employment contract:



Glasgow, Scotland, United Kingdom of Great Britain and Northern Ireland





BNP Paribas is the European Union’s leading bank and a key player in
international banking. We operate in 65 countries and employ 190,000 people,
including nearly 145,000 in Europe. Our Group holds key positions in its three
main fields of activity: Commercial, Personal Banking & Services;
Investment & Protection Services; and Corporate & Institutional Banking
(CIB) for corporate and institutional clients.

Our Securities Services business, which forms part of CIB, is a leading
global custodian providing specialist post-trade and asset servicing solutions
to buy and sell-side market participants, corporates and issuers. Based in 35
locations around the world, our award-winning Securities Services teams have
built one of the most extensive custody network in the industry, giving clients
the connectivity and local knowledge they need to navigate change in a
fast-changing world.

The Fund Accounting Department has
responsibility for a number of different functions inclusive of daily Net Asset
Value (NAV) production, periodic oversight controls and production of statutory
financial statements.  The Department
provides such functions for a range of fund types including Investment Trust,
UK Open Ended Investment Companies, a Property Authorised Investment Fund, Unit
Trusts, UK administered Luxembourg SICAVs and life & pension funds.

The Financial Reporting team is responsible
for the preparation of the interim and year-end financial statements, managing
the end to end financial reporting process from planning to signing and also
the audit at year end.  The team are also
responsible for the preparation of monthly board papers (management accounts)
and other reporting tasks including administration of the Property funds
general ledger, actual distribution rates for the UK funds, closed funds,
revenue forecasts and periodic IFRS10 reporting. 

The purpose of the role will be:

• To perform timely and accurate reviews of
year end and half year financial accounts

• Liaison with auditors and other operational
departments. This could be across a number of products.

• Detailed review of monthly board papers
(management accounts) for Investment Trust clients.

• The scope of the role also includes review
of reporting for a range of activities including but not limited to IFRS10,
Distributions, Closed balance sheets, revenue forecasting, balance sheets, AIC
reporting, ONS and HMRC returns.

• Ensure understanding and compliance with
client Service Level Agreements and internal delivery deadlines.


Key Responsibilities

Operational Excellence

• To meet client KPI’s and service delivery commitments

• Review of year end and half year financial accounts

• Liaison with auditors and other operational departments.

• Review of monthly board papers (management accounts).

• Review of IFRS10 reporting, actual distribution rates,
closed funds balance sheets, revenue forecasts, performance and management

• Review of net asset values reported to Association of
Investment Companies (AIC) and Stock Exchange.

• Review of returns to HM Revenue & Customs and Office
for National Statistics (e.g. quarterly VAT, National Statistics returns).

• Oversight of receipts and payments and maintenance of
accounting records.

• Timely completion of internal team management information

Client Focus

• Working closely with Fund Accounting and Middle Office
teams in ensuring integrity of fund data and managing responses to Clients, Auditors,
Trustees, Custodians and other departments within BNP Paribas Securities
Services for those funds assigned responsibility for.

• Ensure understanding and compliance with client SLAs and
internal delivery deadlines.

• Review/assist in planning and preparation of interim and
final financial statements.

Risk and Control

• Assess team processes to improve efficiency, control and
to reduce risk

• Support management in ensuring all significant activities
are documented within procedures, kept up-to-date and recorded on the procedure

• Support management in ensuring all checklists utilised in
review and sign off clearly document controls and are kept up-to-date

• Support training and development of team members

• Timely escalation of any issues to management

• Corrective and preventative action if deadlines / quality
standards are at risk

• Maintaining training and continuing competency (T&C)



• Sound technical experience in
preparation of statutory accounts.

• Excellent communication skills

• Advanced numerical skills and
accounting knowledge

• Solid understanding of statutory
and regulatory reporting requirements.

• Time management and planning

• Proficient with Microsoft Excel.

• Being responsible, reliable and

• Accounting experience and / or
Accounting qualification or studying towards an accounting qualification

• Experience working in the
Financial Services Sector


• Knowledge of  UK / Lux GAAP , IFRS, and SORP for Authorised

• Fund Accounting knowledge

Equal Opportunities

BNP Paribas promotes equality of opportunity and is committed to ensuring
that no individual is discriminated against on the grounds of age, disability, gender
reassignment, marriage or civil partnership status, pregnancy and maternity,
race, religion or belief, sex or sexual orientation.

As an
employee with BNP Paribas,
we want to make sure that you are rewarded for
your commitment. As such, you will be entitled to our award winning benefits
package which includes a generous holiday allowance of at least 34 days
(including bank holidays), a non-contributory pension of 12%, private
healthcare, GP service and dental cover all as standard, along with a number of
personal insurances such as income protection, life assurance and personal
accident insurance. We believe in ensuring all our employees have a positive
work life balance so in addition you will also have access to a variety of
flexible lifestyle benefits such as cycle to work and green car leasing
schemes, season ticket loans and reduced cinema and gym membership to name a