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Job Posting: Financial Analyst (FC5)

Function: Finance

(This Role will be posted internally & externally)

Purpose of the Role:

The Finance Analyst assists with the preparation of monthly financial and management reports, including preparation of recurring detailed analytical review procedures, under the direction of the Bahamas’ Financial Controller or Manager, Financial Reporting. The incumbent also assists with ensuring that the financial / management systems, procedures, controls and policies within the unit's operations are appropriate and functioning so that timely, accurate and reliable information is produced.

Key Accountabilities:

  • Assists with the preparation of monthly financial and management reports, including preparation of recurring detailed analytical review procedures (and documentation thereof) to ensure completeness and accuracy of the detailed commentary.
  • Conducts primary and tertiary level investigations that facilitate finance’s ability to respond to segment queries and requests for accounting support and information on a timely basis.
  • Performs tax related procedures, including:
  • Business Licence and Value Added Tax (VAT) calculations and prepares returns for review and approval by the Manager, Financial Reporting.
  • Completes payment of VAT, after approval is given by Manager, Financial Reporting or Financial Controller
  • Undertakes and prepares reconciliation of internal schedules, as necessary.
  • Receives, reviews and accounts for all cash and suspense reconciliations, including liaising with relevant departments to ensure timely resolution of all material items on the reconciliations.
  • Financial reporting:
  • Ensures that relevant accounting and financial information is processed for the month end close
  • Assists with the preparation of accounting estimates and provisions (including accruals) for input prior to month end close
  • Assists with the reviews of reconciliation and analyses for financial statement components (including ones from outside Finance)
  • Prepares analysis and reports on the financial statements
  • Prepares analysis and explanations for material variances of actual results compared with plan and prior periods
  • Prepares analysis to substantiate the integrity of the general ledger and the underlying subsidiary ledgers
  • Assists with preparation of audited financial statements.
  • Assists with the preparation of board papers and monthly management reporting.
  • Maintains and reviews Other Assets and Other Liabilities general ledger account lines. Specifically, monitoring entries processed by other units to ensure appropriateness and, in cases of errors, ensure timely resolution of issues.
  • Prepares of month-end and consolidation entries
  • Data maintenance:
  • Ensures that data is processed accurately and recorded according to established procedures
  • Collates data received and sorts information to be logged and input, e.g. fixed assets register, fees and accruals, payables, audit schedules
  • Verifies and prepares data for input to the general ledger
  • Reconciles recorded data inconsistencies and errors
  • Ensures that the database is kept up to date according to established guidelines and procedures.
  • Controls:
  • Maintains approved internal control procedures
  • Files records and undertakes regular backup of electronic data
  • Assists internal and external auditors when required for statutory audits and internal audits
  • Performs reconciliation functions and identifies actions that can be taken to improve and streamline reporting and reconciliation
  • Ensures department’s consistent compliance with established internal control (and documentation) requirements.
  • Other duties may be assigned as necessary.

Experience/Knowledge Required:

  • Equivalent to a university degree in business / accounting
  • Prior experience working in / with financial institutions
  • Proven analytical skills in reporting
  • Well-developed analytical skills and modelling techniques
  • Sound knowledge of accounting principles
  • Sound PC skills and proficiency with Excel, PowerPoint, Word, Access used for reporting tools, for developing management ad hoc and exception reports
  • Experience with dealing with internal / external audits (preferred)
  • Good communication skills to promote interaction and cooperation with senior personnel
  • High degree of flexibility and creativity required to be able to adapt to a constantly changing environment, and to develop and adapt financial procedures and processes to meet such changes
  • Good negotiation and presentation skills

Desired Behaviours:

  • Ability to manage concurrent, most often competing, demands in a changing environment
  • Ability to collate and present information in a professional manner
  • Must be thorough and well organised in approach to the job
  • Ability to work on own initiative with little supervision.

Position reports to: Manager, Financial Reporting

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