Role Summary
Loan Portfolio manager responsible for all related accounting process.
Position Description
• Loan portfolio accounting manager, responsible for all loan related activities, esp. General ledger monitoring, maintenance and control under GGAAP & IFRS
• Coordination of LIQ reconciliation, consultation with Loan Operations in London, Controlling, Risk management and Credit Department
• Responsible for loan loss provisions (IFRS / GGAAP/JGAAP), monitoring of SPPI tests, business model allocation, loan sales, controls of initial recognition and derecognition of loans
• Key contact for front office departments.
• Review and control of upfront and advisory fees booked for SMBC EU
• Monthly analysis and control report about differences between IFRS and GGAAP-Reporting.
• Implementation of (automated) ongoing Loan portfolio monitoring
• Direct contact person for external and internal auditors
• Project work in relation to the Loan portfolio
• Support reporting to Head Office
• Maintenance of F&C related procedures and manuals
• Drafting and maintenance of F&C related procedures and manuals
• Contact person for the different departments for all questions arising from the above-mentioned activities
• Support the Head of Accounting Operations, with professional changes, preparation of decision documents
• Any other tasks assigned by Head of Accounting Operations
Who we are
United by a sense of purpose towards our customers – to be a trusted partner for the long-term – and our universal banking platform in EMEA, SMBC Group has an international growth agenda and award-winning products, meaning we provide exciting opportunities to work on a diverse range of projects and initiatives. We deliver a full suite of corporate finance products and solutions to our customers as well as investment banking and advisory services, and a range of innovative solutions in global capital markets. Read on to find out how you could enhance your skills and gain valuable experience, by joining us to support our clients transition to a sustainable future.
Business Area
The SMBC EU F&C department is responsible for all finance functions of the bank. It is divided in four teams:
1. Accounting & Reporting
2. Financial Control & Product Control
3. Tax
4. Regulatory Reporting.
The F&C department assumes responsibility for the finance activities of SMBC EU AG and SMBC Düsseldorf branch (as insourcing) and oversees the finance function of all SMBC EU branches in Paris, Madrid, Dublin, Prague, Milan and Amsterdam.
The finance functions covers the following core responsibilities:
• Accounting & Reporting – ongoing bookkeeping & accounting, preparation of annual financial statements and coordination of external audit, compliance with accounting standards (IFRS, GGAAP), maintenance of internal control system for financial accounting, financial (non-regulatory) reporting to internal & external parties, management of projects, calculation of SLA chargesparties, management of projects, calculation of SLA charges
• Financial Control & Product Control – ongoing monitoring of financial performance incl. lead of annual financial forecast/MYP process, development of a product control function in line with MaRisk including daily monitoring of trading result, market conformity checks of valuation & pricing,
• Tax Compliance – monitoring of changes to tax legislation, maintenance of tax compliance system, review of all tax declarations, maintenance of transfer pricing documentation, support for other teams on all tax related matters
• Regulatory Reporting - Compliance with all European & German regulatory & ESG reporting requirements, Coordination of ongoing prudential reporting
Competencies
Customer Focus
Driving Change
Driving Results
Embraces Diversity
Enterprise Leadership
Judgement and Decision Making
Risk Management
Strategic and Visionary
Trust and Integrity
What we offer
For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.
As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:
* Hybrid and flexible working
* Competitive paid leave days
* Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
* Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
* Access a wide range of learning and development opportunities and career progression opportunities
* Ambitious remuneration package
So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!