Finance Director - Trust & Corporate
Isle of Man
Permanent
Our client seeks a Trust & Company Finance Director to join their team.
Role Profile:
The Job holder will act as a Board Member and oversight and management of the financial position of the company adhering to the regulatory obligations and reporting requirements. Will oversee and manage the Internal and Client Accounting department ensuring compliance with laws and regulations. Will act as a client Director on specific client cases providing advisory and fiduciary services in accordance with the relevant Client Services Agreement and the various laws and regulations.
Key Responsibilities:
- Oversight and control of client accounting and reporting function
- Oversight and control of bookkeeping and accounting
- Oversight and control of Monthly Management accounting and reporting
- To maintain the highest level of financial accounting by monitoring the team's timeliness, accuracy and output and acting as a point of reference in order to minimise business risk and to encourage a culture of compliance with policies and appropriate risk management
- To ensure that team and individual financial and non-financial targets are met in order to maintain a sustainable fiduciary business
- To supervise, manage and develop the Internal and Client Accounting teams
- Supported by the Administration teams, proactively oversee the day to day management and administration of a portfolio of client entities
- To ensure that the team works within the departmental policies and procedures
- To act as a point of reference for other team members
- Review accounts prepared by the accounts team and discuss and assist in the resolution of any issues arising thereon. Prioritise accounts production for section.
- Act as an 'A' Authorised Signatory. Act as an Officer on Client Companies. Act as Officer on Internal Entities
- Maintain technical regulatory knowledge and awareness
- To ensure that team and individual financial and non-financial targets are met in order to
- Cash management and provisioning including bank reconciliations/petty cash oversight and credit card monitoring.
- Client fee billing. Debtors management and control. Asset management. Supplier payments.
- Costs review and containment.
- Management of company deposit accounts maintained with Regulatory bodies
- Insurance renewals and policy management
- Annual audits. Tax compliance and filings including
- Providing supporting fiduciary functions (four eyes principles) to non-engagement cases where necessary
- Maintaining and building good relationships with clients and intermediaries through quality service and promoting this ethos within the wider team
- Sharing historic client knowledge with employees, ensuring they are in the best shape to management all client relationships
- Ensuring finance and accounting procedures are followed/implemented
- Assisting with employee development/mentoring and contributing to their technical and practical training requirements
- Helping to foster good relations between management and employees by demonstrating a open communication ethos
- Maintaining awareness of all Group and local staff policies and procedures, and demonstrating professional standards at all times
- Ensuring that all AML and compliance regulations are complied with to the extend required by your role
Key Skills and Experience:
- Holds a relevant professional qualification e.g. ACCA, ICSA
- Minimum 8 years post qualifying experience in the fiduciary sector or at least 10 years industry experience
- Excellent understanding of fiduciary services business including detailed knowledge of the regulatory framework
- Sound understanding of accounting, IFRS and audit issues and tax compliance matters along with applicable laws and regulations
- Ability to work under pressure and meet tight deadlines
- Positive attitude with problem solving ability - we don't have problems, only solutions!
- Proven leadership qualities
- Proactive and a “get things done” mentality
- Strong management skills and a proven track record in successfully managing a team
Your specialist: Sally Fenton
Quote job ref: 14750
Hi, I'm Sally and this is one of the job roles I am looking after for this super business. If this job is of interest for you, please submit your CV and we will come back to you to arrange the next staging.