Finance Manager – Provision Reporting

Job title:

Finance Manager – Provision Reporting

Company

Nationwide

Job description

We have an exciting opportunity for a Finance manager to join our Financial Reporting team. The Financial Reporting team sits at the heart of Nationwide’s internal and external reporting and is accountable for delivering high quality statutory and regulatory financial reporting. The team ensures all reporting is compliant with regulations, accounting standards and best practice, developing accounting policies and providing specialist technical accounting advice on a range of issues, as well as managing the relationship with the external auditors. We have an exciting time ahead and are seeking to grow the team with high calibre individuals.As a Finance Manager for Provision Reporting you will lead significant elements of our internal and external financial reporting for credit impairment (IFRS 9) provisions – one of the most important areas of accounting judgment for the Society. You will work with both senior and junior members of the credit risk team to ensure that reporting and disclosure meet our high standards. You will be responsible for reports, controls, and complex data. You will carry out sophisticated financial analysis, analysing the impact of changes in economic conditions and borrower behaviour on our provisions.This role is a key part of a small, high-profile team of senior finance business partners, who work with a wide group of stakeholders in the Finance and Risk functions.At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.For this job you’ll spend at least two days per week, or if part time you’ll spend 40% of your working time, at one of our offices in Swindon or London, with monthly travel to Swindon, if you’re based in London.If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to .If we receive a high volume of relevant applications, we may close the advert earlier than the advertised date, so please apply as soon as you can.What you’ll be doingYou will be ensuring modelled provisions and associated management adjustments are accurately reported in the general ledger.You will be leading aspects of Nationwide’s external reporting, including sections of Nationwide’s Annual Report and Accounts relating to credit risk.You will be working with stakeholders from across the Finance and Risk communities to understand and investigate movements in credit risk provisions.You will understand the importance of well-designed and controlled processes to our reporting and be able to deliver them to a high standard.You will support other aspects of the team’s work, such as internal management reporting, provision governance meetings, industry benchmarking, and the external audit of impairment provisions.About youAt a minimum you will be:

• An experienced accountant with relevant qualifications (ACA, CIMA, ACCA or equivalent)
• Experience within a Financial Services environment.
• Capable of performing complex numerical analysis, with the intellectual curiosity and initiative to apply new concepts, and the ability to explain those concepts clearly and concisely to others.
• Confident in your ability to lead, coordinate and coach colleagues in other areas of the Society to deliver high quality financial reporting.
• Able to interpret complex financial reporting calculations (such as financial model outputs) and external disclosures in a financial services organisation.
• Ideally, you will have an understanding of the requirements of IFRS 9, and how expected credit losses are determined

Our Customer First behaviours are all about putting customers and members at the heart of how we work together. You can strengthen your application by showing the behaviours that resonate with you, and how you might have already demonstrated these.

• Say it straight – This is about being honest and direct with good intent and saying what needs to be said in the room. It’s also about being clear, precise, and using language that we and, importantly, our customers and members can understand.
• Push for better – This is about aiming high and constantly looking for better in how we work together and serve our customers and members.
• Get it done – This is about prioritising what will have the greatest impact, being decisive and taking accountability for delivering on the end-to-end outcome.

We know applying for jobs can sometimes feel like you’re sending an application into a black hole. We review each application individually. So, it’s a good idea to call out your most relevant experience on your application to give yourself the best chance.The extras you’ll getThere are all sorts of employee benefits available at Nationwide, including:

• A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
• Up to 2 days of paid volunteering a year
• Life assurance worth 8x your salary
• A great selection of additional benefits through our salary sacrifice scheme
• Wellhub – Access to a range of free and paid options for health and wellness.
• Access to an annual performance related bonus
• Access to training to help you develop and progress your career
• 25 days holiday, pro rata

What makes us differentNationwide is the world’s largest building society. With over 15 million customers, we have a relationship with almost a quarter of the UK’s population. We’ve got the scale to compete with the big banks, but we’re not a bank.As a building society, we’re owned by our members – that’s our customers who have their current account, mortgage or savings with us. It means we can do things differently to deliver our Purpose – Banking – but fairer, more rewarding, and for the good of society.When you work at Nationwide, you can experience that difference for yourself. You’ll be part of a high-performing, purpose-driven organisation that offers rewarding career experiences and a highly competitive range of benefits to match. You’ll also be joining us at an important time as we seek to reach more and more people in the UK. We want everyone in the UK to know that they don’t have to bank with a bank. They can choose a modern mutual instead.What to do nextIf this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up-to-date CV and answer a few quick questions for us.We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.#LI-POST

Expected salary

Location

London – Swindon

Job date

Thu, 25 Jul 2024 03:05:55 GMT

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