Financial Accountant

at  Bank of America

JOB DESCRIPTION:

Job Title: Financial Accountant
Corporate Title: Up to Assistant Vice President
Location: Chester

Daily P&L & Balance Sheet – Reporting & Oversight:

• Preparation of daily P&L commentary and substantiation based on market events
• Review of material new deals
• Calculation of valuation adjustments & reserves, with responsibility over corresponding substantiation and commentary
• Review of changes to daily balance sheet & substantiation based on transactional activity

Core Financial Oversight Functions:

• Independent price verification analysis and reporting (daily, weekly, monthly)
• Weekly, Monthly & Quarterly revenue commentary
• Maintaining valuation adjustment & reserve calculations such that they’re in-line with current policies
• Balance sheet analysis (capital, liquidity, exposures etc.) including inventory aging, and reporting (Managerial and Regulatory)
• Determining and implementing appropriate accounting policies & procedures (with Accounting Policy)
• Managing key accounting, legal entity, regulatory and P&L issues with the business
• Month end close, including Financial Disclosures and calculation / recording of netting entries
• Exercise of control oversight on behalf of the business
• Participation in the New Product Review and Appropriation Request processes: modelling structures, process scenarios, review, and control
• Contributing to Governance process, operational error reporting and support of other internal control process, including SOX

Planning & Reporting:

• Development and analysis of key performance metrics
• Participation in the formulation of business strategy; plans; budgets; and forecasts
• Manage the expense approval process for both deal-related and organisational expenses; provide expense analytics and assist the business with recovering deal-related expenses.