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Senior Cost Control Accountant, Financial Control

4 months ago

London, Greater London, United Kingdom Royal Bank of Canada Full time

Come Work with Us

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Senior Cost Control Accountant, Financial Control (London)

Job Description

What is the Opportunity?

You will be part of UK Cost Control with responsibility for the execution of cost management processes within a robust financial control framework. Your role will include the preparation of accurate financial data, analytics for business decisions and related accounting processes and extracting, standardising and optimising business processes and related reporting within central Cost Control Hub.

What will you do?

  • Preparation of cost base financial and statistical data in line with financial reporting timelines including data validation, accruals/prepayments/IFRS 16 entries and other cost adjustments
  • Manage occupancy cost base, IFRS 16 adjustments and allocations
  • Actively engage and support the Tax department in the preparation of high risk critical data in relation to Recoverable VAT and Reverse Charge VAT
  • Lead NIE related initiatives with regard to the legal entity restructure as a result of Brexit
  • Actively identify opportunities to implement change to refine or streamline processes
  • Engage in cost initiatives aimed at improved reporting of cost base and driving cost reductions where possible
  • Produce appropriate MI to support / influence behaviour change across RBC with respect to the cost base – regular and ad-hoc including trend and variance analysis by business line
  • Support Head of Cost Control to develop and maintain adequate controls across all processes
  • Ensure cost control and transfer pricing processes align appropriately
  • Analyse, reconcile and report upon expenses across multiple cost centres within a complex legal entity structure
  • Develop, maintain and document effective processes and controls including UK Delegation of Authorities
  • Understand the end to end cost base by business platform including data flows, accountabilities, controls and the process and principles behind the global cost recharges across business lines and align with Transfer Pricing processes
  • Build and maintain robust working relationships with key local and global stakeholders e.g. business managers, function heads, Procurement.

What do you need to succeed?

Must have:

  • Qualified Accountant
  • Experience of management accounting control environment
  • Autonomous in working; forward thinking to reduce cost base
  • High degree of analytics skills with strong attention to detail/accuracy
  • Structured and appropriate communication style – oral and written
  • Collaborative and with strong influencing skills
  • Strong delivery and people management skills
  • Flexible working style with ability to deal with ambiguity and time pressures.

Nice to have:

  • IFRS 16 experience and occupancy cost allocations
  • Experience of Policy, Procedure & Process Documentation
  • Experience of Delegation of Authorities
  • Experience of driving periodic budget and forecast
  • Microsoft VBA experience.

What is in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
  • Leaders who support your development through coaching and managing opportunities
  • Opportunities to work with the best in the field
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • A world-class training program in financial services
  • Flexible working options fully supported.

Job Summary

Address:

London, United Kingdom of Great Britain and Northern Ireland

City:

GBR-GREATER_LONDON-LONDON

Country:

United Kingdom

Work hours/week:

35

Employment Type:

Full time

Platform:

Office of the CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

:00

Application Deadline:

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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