Compliance & Accounting

My client, a well regarded Family Office, are looking to hire an experienced candidate to join their team in a split Compliance and Accounting function on a maternity cover contract.

The role is split fairly much 50/50 between day-to-day management accounting and compliance.

Accounting Responsibilities:

• Purchase Ledger: checking, processing and making payments on all invoices received
• Sales Ledger: raising all quarterly fee invoices and other ad-hoc invoices and ensuring payments are received
• Nominal Ledger: processing of payroll and pension journals and monthly employee expenses
• Ensure that the monthly payroll, PAYE and pension payments are made by the relevant due dates
• Preparation of the annual P11D schedules
• Maintain the company Fixed Asset Register
• Preparation of monthly Prepayments and Accruals
• Preparation of weekly Cash Flow forecasts
• Cash Book Reconciliations
• Balance Sheet Reconciliations (primarily carried out at month end)
• Preparation of monthly and quarterly Management Accounts
• Reconciliation / preparation of the quarterly VAT returns
• Preparation of the Annual Audit file
• Responsible for the petty cash
• Ability to use the following accounting packages: Access Accounts, Sage Line 50

FSA Compliance Requirements:

• Update and circulate a weekly Stop List / Restricted list.
• Circulate quarterly compliance declarations to all staff.
• Maintain records of all Personal Account dealing undertaken by staff.
• Maintain and update all FSA registers: Conflicts, Breaches, Gifts, Training, Register of Approved Persons, Financial Promotions
• Update the following information and conduct the following procedures for the quarterly compliance review undertaken by the company's FSA consultants:Conduct a deal ticket review on a sample basis (compliance monitoring); Update the monthly, quarterly, half yearly and annual checklists as required
• Ensure that a bi-annual disclosure of all commissions paid on trades is undertaken and check the data on a sample basis before it is submitted to the clients.
• Review all reports prepared by the company's FSA consultants and ensure that all recommendations from their quarterly review are implemented.
• Prepare the quarterly FSA Compliance report to the Board.
• Prepare and submit the following FSA returns: Balance Sheet; Income Statement; Capital Adequacy; Large Exposures; Pillar 2 Information; Non-EEA Sub Group; Volumes and Types of Business; Client Money and Client Assets; Asset Mangers That Use Hedge Fund Techniques Report
• Ensure that the following annual documents are submitted to the FSA by the relevant due dates: Annual Controllers and Close Links Letter and Annual Audited Accounts
• Ensure that the ICAAP is updated annually or as relevant regulatory changes occur
• Ensure that the FSA Pillar 3 disclosures are updated annually and included within the Annual Audited Accounts

Candidates must have relevant experience across both areas to be considered. It is likely that candidates will be minimum part qualified accountants to be able to complete the accounting responsibilities

It is envisaged that the contract will run for around 9 months although this may be extended to 12 months according to business need.

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