Company Description Natixis is the international corporate, investment, insurance and financial services arm of Groupe BPCE, the 2nd-largest banking group in France with 35 million clients spread over two retail banking networks, Banque Populaire and Caisse d'Epargne. With more than 16,000 employees, Natixis has a number of areas of expertise that are organized into three main business lines: Corporate & Investment Banking, Investment Solutions & Insurance, and Specialized Financial Services. A global player, Natixis has its own client base of companies, financial institutions and institutional investors as well as the client base of individuals, professionals and small and medium-size businesses of Groupe BPCE's banking networks.
Job Description Overall purpose of the role: The individual will manage the Business Control Unit team and assist the Head of Finance to develop the local Business planning and analysis department, including developing the Global Markets Business control suite together with local Finance department MIS. Main responsibilities: All actions where appropriate to this position must be compatible with Natixis carrying out business in accordance with the FSA Principles for Business which are available on the FSA website and detailed in the Natixis UK compliance manual.
Oversight of the daily and weekly flash. This report provides the latest overview of the London Businesses performance against forecast and budget, detailing reasons for variance and identifying results on an individual business line level.
Management of cost allocation matrices to ensure apportionment of cost is appropriate and current. Including communication with HO regarding indirect HO cost allocations
Oversight and continual development of Monthly Management information pack to ensure useful, timely and relevant information to Senior Management. Provides detailed analysis by business line of monthly performance against budget and prior year. This involves compiling data from various sources (SDR, Finance, HR, Risk). Responses to queries on the data will be provided on request. The pack will include performance metrics including ROE and EVA together with analysis of Headcount. Analysis of the London balance sheet is also produced within the pack (to be further developed).
Management of power-point presentations of the results is prepared for monthly or quarterly presentations to the London management and Executive committees.
Oversight of quarterly preparation of group and London results for presentation at Town halls
Forecasts are required by group to be prepared three to four times per annum. An intelligent review of performance to date combined with information gathering on future Headcount expectations together with anticipated future performance.
Annual Budget and strategic planning process is compiled and co-ordinated by the BCU and communicated to HO and the EMEA Business control team. Focus will be directed on the Strategic plan and any deviations that should be highlighted to management and that can explain budget variations through the year.
Long term tax projections are required to be produced on an annual basis.
Production of UK Bank Levy calculation
Quarterly Instalment Payments for UK Corporation Tax.
Ad-hoc requests from Head of Finance
Focus on reconciling between the various reportings that are produced
Review of the Geographical Operating Income and expenses, and economic to accounting reconciliation quarterly.
Projects - there may be requirements from time to time to be involved with projects on-going in other areas of the Finance department Focus areas
Improving transparency and control of London Global Markets balance sheet booked in Paris.
Improve transparency/clarity and documentation of recharges from Head Office - SLA, Indirect cost reallocations, Sales Remuneration, treasury service fee, Management fee.
Invest time in understanding and awareness of other branch-wide management information
Improving efficiencies within the budget process.
ACA qualified accountant or equivalent
Knowledge of financial products, management and financial accounting
Strong communication skills (written and oral) with all levels of staff in London and Head Office
High level of accuracy and attention to detail
Ability to prioritise and manage time effectively
Ability to meet deadlines and work under pressure
Ability to be an effective problem solver
Proactive rather than reactive
Strong excel skills essential, Powerpoint, Word
Internal Number: 6077501
About Natixis UK
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