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MANAGEMENT ACC - Strategic Financial Management – COST&EFFICIENCY TEAM



Strategic Financial Management – Cost & Efficiency Team

Report to

Head of Cost & Efficiency, Madrid

Mission and Objectives

This role is in the Cost & Efficiency Team, part of Strategic Financial Management Team in the Madrid Financial Service Centre focused on the UK Local Finance department and London clients. The primary responsibility is to provide comprehensive management accounting/reporting services for Global Markets Operations, Client Management, BP2S ITO, CCCO, Quality & Efficiency, GM Drive, related Transformation centres and to lesser extent ITO Mgmt and PBNet areas to the Territory/functional COO, direct reports, Budget SPOCs and cost centre managers.  The candidate is expected to support line manager in providing any business partnering required to these remits and any ad hoc tasks

Main responsibilities

Management Accounting Functions

Perform high quality Management Accounting financial operational processes

Reconcile and control check Central PM figures with Local reporting P&L

Review Balance Sheet Recs for areas (“LAP Control”) and control high aging of provisions

Review Aged accruals to ensure timely receipt of invoices

Review Services sold tracker monthly to take ownership of recharges for your area

Prepare High Level Commentary monthly

Prepare Key Flash for GM Ops

Review Trade Debtor for services sold/recharges instructed

Prepare and complete SAP cost reviews for month end close and follow up with ISPL on any issues

Take ownership of managing the Market Data cost and budget with the MD Dept and to analyse at month close to explain the variances, key drivers

Participate in Budget Process:

Play an integral role in the annual budgeting/forecasting process, including validation of PO templates, justification of the figures, any additional information to ensure managers have all the information

Ensure correct input of Budget information into bank financial systems of the budget and forecast information and validation of the result with the manager and make or arrange corrections as agreed

Prepare and follow through Budget Transfer/changes in scope

Provide the Central PM team with actual, budget and forecast commentaries for the departments under direct responsibility via MI COO Slide packs

Ad hoc assistance cross remit as required with the annual budget/forecast process

Act as a key liaison between several key department stakeholders

Liaison with management / Project Office/ ISPL offshore team to obtain and validate all monthly information for the production of monthly expenses (principally expense accruals and prepayments)

Act as focal point of contact with Lisbon

Attend monthly meeting with COO/N-1s/Central PM  to brief them on the overall financial performance

Liaise with the Project Office, HR and with the Central PM Reporting team to ensure consistency of all reported costs, headcount analysis and commentaries

Assist SPOCs and related internal clients with their queries in a timely fashion

Projects, Systems Support, Operational Process Improvements

In partnership with the Project team, contributes to the standardization/harmonization of best practices across systems and processes (eg operational platforms)

Participate in the upgrades/version releases of respective reporting tools, as well as system amendments/enhancements required to facilitate new/modified reporting requirements. In connection with this effort, assist in user acceptance testing and trouble-shooting after deployment

Assist in identifying operational process improvements in production, control procedures, and workflow organization to increase the team’s efficiency and effectiveness. Also assist in integrating and streamlining the reports under the team’s responsibility

Oversee the tools supporting the general ledgers, as well as front/back office processing systems upstream/downstream to the platform that are under the team’s responsibility (e.g. LAP,etc.)

Participate in the development, testing, and implementation of systems to support the activities of the team, assisting in: definition of business requirements, user acceptance testing, user training, post deployment trouble-shooting

Other functions

Observe the bank’s policies and procedures

Provide reporting coverage by:

Learning the reports, tasks and requirements of the person they are backing up

Training his/her back-up on the preparation of the reports and tasks under his responsibility

  • Participate in staff development and evaluation, as well as staffing operational process (recruiting, hiring, and training). Help ensure that staff’s skills and competencies can support reporting requirements
  • Assist in any special project or request as directed by management


Training and occupational experience

  • Accounting degree or equivalent
  • Minimum 1-2 years of financial and/or management accounting experience, preferably within Financial Services Industries
  • Strong Corporate Banking  product knowledge
  • Prior experience of cost accounting and preparation of management commentaries
  • English speaking is mandatory and French is a plus

Essential specific requirements

  • Working  knowledge and understanding of generally accepted accounting principles,   IFRS, French GAP as well as LRR, and regulatory and tax accounting rules and regulations
  • Strong Corporate Banking  product knowledge
  • Strong ability to interrogate, analyse and interpret data and produce variance analysis
  • Ability to learn new systems and products quickly
  • Excellent Excel skills (including pivot tables, VLOOKUP, SUMIF) and Access, macro level
  • Knowledge of General Ledger systems essential  (SAP), data management systems Hyperion Essbase/ Oracle Smartview experience
  • Ability to learn new systems and products quickly

Skills and behaviours

  • Effective analytical, organizational, and problem-solving skills
  • Strong communication skills, both written and verbal
  • Self-starter and team player, able to work independently and collaboratively with various teams in a deadline-focused environment

Ability to work with remote locations




Primary Location: ES-MD-MadridJob Type: Standard / PermanentJob: FINANCE ACCOUNTS ET MANAGEMENT CONTROLEducation Level: Master Degree or equivalent (> 4 years)Experience Level: Not IndicatedSchedule: Full-time Reference: MANGACCOST&EFF