Job Description
The Non-Core Division manages in excess of £250 billion of assets (plus £73 billion of derivatives) across a mixture of business units, products, geographic locations and customer relationships- The effective management of these assets is a core part of the bank's strategy of stand alone strength regardless of the fact they are not core to RBS long term portfolio- The Asset Protection Scheme (APS) is a key part of the UK government's measures to restore stability and confidence in the banking sector and increase the capacity of banks to lend- The APS is open to all UK-regulated banks and RBS Group has announced its intention to participate- Entering into the APS will allow RBS to enhance its financial strength and to provide improved stability for customers- Roles within the combined Non-Core and APS division are very high profile as success is essential in ensuring the financial stability of RBS Group Purpose of the role: - Production of management accounts for the FX elements of Royal Bank Leasing Limited;
- Production of monthly and quarterly financial reporting for Royal Bank Leasing Limited, including reconciliation of intercompany balances;
- Allocation of transactions into correct business and sub-business streams for management reporting for SAF & Aviation;
- Preparation of management accounts for the Willow trains portfolio;
- Control of the Camelot submission process, ensuring results are reconciled to published figures and correctly transferred onto the Camelot system;
- Review of reconciliations and straightforward subsidiary statutory accounts, ensuring that the integrity of such information is fit for purpose and meets business and legal requirements-
Responsibilities
- Prepare monthly management accounts for the FX transactions within Royal Bank Leasing Limited, transferring results of same onto the RBS Walker general ledger;
- Prepare and submit monthly and quarterly financial reporting for Royal Bank Leasing Limited, ensuring transferred correctly onto RBS systems in line with required standards and timescales;
- Prepare monthly management accounts for the Willow train portfolio, ensuring correct accounting treatments and subsequent transfer to RBS general ledger ;
- Produce and control monthly Camelot data, ensuring reconciled prior to submission and correctly reflected on the Camelot system ;
- Analyse monthly results between SAF & Aviation and ensure correctly reflected on Walker general ledger ;
- Review of monthly reconciliations, maintaining standards of preparation and accounting principles;
- Review of statutory working paper files to support subsidiary accounts preparation for leasing subsidiaries; preparation of statutory working paper files for more complex subsidiary entites -
Deliverables: Personal Development: - Management of 1 individual, including appraisal and personal development processes
The Individual
Experience: Desirable: - Previous experience of reconciliations/statutory or management accounting
Qualifications: Essential: - Part qualified/qualified by experience accounting skills - akin to first level CIMA/ACCA
Technical Competence: Essential: - Good technical bookkeeping and all-round accounting knowledge - Familiarity with accounting entries/principles of statutory accounts and management accounts preparation
Desirable: - Understanding of RBS reporting requirements
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