Department Summary
The BNP Paribas Channel Islands Finance Function is managed by the Head of Finance, with responsibilities and deliverables split across four core teams:
- Financial Accounting & Regulatory Reporting
- Performance Management
- Accounts Payable
- Fee Billing (Securities Services only)
Main Job Purpose
The Senior Finance Officer’s main job purpose involves:
- Production of BNP Paribas Group Financial Accounting & Liquidity reporting packages.
- Production of timely statutory and regulatory financial reporting requirements.
- Oversight and key point of contact of the outsourced components of Financial Accounting production to the Madrid Finance Service Centre.
- Provision of advisory and technical accounting support to the Finance function and other business lines.
- Relationship & co-ordination with the external auditors, internal auditors (IG) and internal stakeholders in relation to audit missions.
- Relationship & co-ordination with the tax advisors.
Key Responsibilities
BNP Paribas Group Financial Accounting & Liquidity Reporting Packages
- Preparation and production of timely BNP Paribas Group financial accounting and liquidity reporting requirements in conjunction with the Finance Officer and performing first level reviews on returns.
- Implement and monitor BNP Paribas Internal Control norms for accounting.
- Implement financial controls.
- Oversight and key point of contact of the outsourced production by the team in the Madrid Finance Service and performing first level reviews of publications.
- Provide insightful analysis of financial data to key stakeholders in conjunction with the Finance Officer.
- Provide responses to queries in relation to reporting.
Regulatory and Statutory Financial Reporting
- Preparation, production and submission of timely monthly and quarterly JFSC/GFSC regulatory financial reporting requirements in conjunction with the Finance Officer and performing first level reviews on returns, ensuring in line with guidance.
- Preparation, production and submission of timely statutory financial statements for non-consolidated entities, ensuring in line with accounting practice.
- Implement financial controls.
- Provide insightful analysis and presentation of regulatory and statutory financial data to key stakeholders in conjunction with the Finance Officer, allowing sufficient time for review, and ensuring documented sign-off of reports.
- Provide responses to queries in relation to reporting.
Advisory and Technical Accounting Support
- Provide analysis of financial data to key stakeholders, both internally and externally.
- Provide advice and / or technical assistance based on financial accounting standards to business lines.
- Respond and deal with ad-hoc requests in a prompt and professional manner, escalating to the Head of Finance / Chief Administration Office where required.
- Responsibility for implementation of new accounting standards, with assistance from Head of Finance and Finance team.
- Provide support and guidance to Finance team on relevant accounting matters.
Audit Management
- Manage the external audit and act as central point of contact.
- Maintain regular contact with the external auditors during the audit mission, including regular updates on deliverables achieved.
- Co-ordinate the external audit deliverables with internal stakeholders.
- Update the internal stakeholders on deliverables achieved and engage with them to ensure deliverables are met in a timely manner.
- Provide documentation and support with items commensurate with Finance related activity as part of external and internal (IG) Audit missions.
Tax Management
- Manage the relationship with tax advisors for timely delivery of tax computations and returns and act as central point of contact.
- Co-ordinate deliverables with internal stakeholders in relation to tax returns.
- Update the internal stakeholders on deliverables achieved and engage with them to ensure deliverables are met in a timely manner.
- Provide documentation and support with items commensurate with Finance related activity in relation to tax returns.
Other
- Maintain and develop month-end files, including, analytical reviews across the balance sheet.
- Implement and maintain a high standard of intercompany reporting and clearance of mismatches.
- Gain an understanding of IT systems used in Finance, both existing and new, assisting with resolving discrepancies and finding solutions to increase the efficacy of the Finance function.
- Maintaining and updating relevant procedures and identifying efficiencies.
- Review and posting of relevant finance journals for all entities.
- Act as an authorised signatory for validating payments proposed by the Accounts Payable team.
- Participation in ad hoc projects as necessary.
- Training and onboarding of new team members, ensuring all accesses have been set-up prior to arrival.
- Cross-cover across Finance department as necessary.
Technical Skills
Essential Requirements
- Advanced Excel user
- Accounting/IFRS knowledge
- Knowledge of regulatory reporting (JFSC/GFSC)
Qualifications & Industry Experience
Essential Requirements
- Qualified accountant (ACA / ACCA / CIMA or equivalent)
- 3 years relevant industry experience
Competencies
Essential Requirements
- Analytical skills – identifies all aspects of a subject and examines them in a critical way to construct a broad point of view. Is driven by the desire to know more about things, people or events.
- Organisational skills – sets priorities, plans actions and methodically monitors their progress by coordinating activities and resources in the best way possible.
- Teamwork – knows how to work in a team and/or across teams.
- Client focus – does everything possible to achieve internal or external customer satisfaction by identifying the customers’ needs and providing them with the appropriate solution taking into account the company’s ethics and interests.
- Taking responsibilities – is involved in his/her scope for action, while appreciating the limits. Meets commitments and accepts the consequences.
- Accuracy – is constantly attentive to the precision and thoroughness of the information sent and to the quality of the work. Ensures that errors are minimised.
- Communication skills – use judgement to assess the most effective method of communication, ensuring a consistently professional approach both in verbal and written form.