Capita - Assistant Manager - Group Support Accountant/Intercompany Loan Accountant

Role : Group Support Accountant (Asst Manager) - Inter Co Loan Accountant

Level : 5

Function : Group Treasury

Role Objective :

This role will be responsible for the implementation of inter-company loan policy to the point of full compliance including liaison with Group Finance, administrate repayment or rollover of inter-company loans, produce loan documentation, liaise with Group Treasury

Professional Know-how :

Academic :

- B.Com

- CA

Experience :

- At least 3+ years- experience post CA qualification

- Knowledge of accounting, double entry, preparing standard journals, documentation, knowledge of current regulations

- Completion of standard form novation agreements

- Good communication skills, both written and verbal

Working Relationships :

Internal :

- Group Treasury

- Group Finance

- Business Finance teams

External :

- Bankers

Primary Responsibilities :

Work with the Business and execute the following responsibilities :

Implementation of policy to the point of full compliance. This will include :

- Liaison with Group Finance to identify all long term balances,

- Contact relevant - owners- of both the credit and debit side of each balance, and obtain confirmation of balance(s)

- Confirm with the owner the nature and reason for the external loan

- Explain the inter-company loan project and obtain sign off on standard loan novation document(s) for all parties

- Produce standard form journals to - triangulate- the loan so that both the debit and credit side of the loan is held by Group Treasury

- Collate, amalgamate, and net off balances where possible

- Provision of weekly updates to management showing, in a formal report, the progress against objectives & KPIs and issues encountered

- Preparing for and attending project calls/meetings with Group Treasury and other internal stakeholders

- Produce standard form loan documents, liaising with Group Treasury as necessary

- Administer the payment of interest required by the standard form loans

- Administrate the repayment or rollover of inter-company loans as they reach expiry, liaising with Group Treasury as necessary

- Document and administer any new loans that are approved by Group Treasury

- Develop sound professional working relationships with colleagues, business staff and management, building their confidence and acquiring an understanding of the business

- Be proactive in issue resolution, the provision of feedback and the delivery of ideas to develop and improve solutions

- Maintain confidentiality and observes data protection guidelines

- Carry out any other reasonable duties commensurate with their capability

- Adhoc reporting and stakeholder management

Key Result Areas :

- Accounting

- Double entry

- Production of standard journals

- Completion of standard form novation agreements

- Ability to work to agreed timeframes under a robust process

- Good communication skills, both written and verbal. The individual(s) will need to liaise with :

i. Finance staff across Capita Group to confirm balances and explain the proposed loan novation

ii. Signatories to novation documents

iii. Group Finance & Group Treasury management

- Ability to understand and document issues arising

- Good Microsoft 365 skills

TCF Competence :

TCF is about putting yourself in the place of the customer and considering whether you would regard yourself as having been treated fairly on the basis of a Firm's actions.

The consumer outcomes are :

Outcome 1: Consumers can be confident that they are dealing with firms where the fair treatment of customers is central to the corporate culture.

Outcome 2: Products and services marketed and sold in the retail market are designed to meet the needs of identified consumer groups and are targeted accordingly

Outcome 3: Consumers are provided with clear information and are kept appropriately informed before, during and after the point of sale

Outcome 4: Where consumers receive advice, the advice is suitable and takes account of their circumstances

Outcome 5: Consumers are provided with products that perform as firms have led them to expect, and the associated service is both of an acceptable standard and as they have been led to expect

Outcome 6: Consumers do not face unreasonable post-sale barriers imposed by firms to change product, switch provider, submit a claim or make a complaint