Finance Associate At Vfd Group

The Finance Associate will support the Finance team in maintaining accurate financial records, preparing financial reports, performing reconciliations, supporting budgeting and forecasting activities, and ensuring compliance with applicable financial and regulatory requirements.

The role will work closely with the Finance team and other business stakeholders to ensure timely execution of financial processes, accurate reporting, effective financial controls, and the provision of relevant financial information to support business decision-making.

Key Responsibilities

Financial Reporting & Accounting

• Support the preparation of accurate and timely monthly, quarterly, and annual financial reports.
• Maintain accurate accounting records and ensure transactions are properly recorded and classified.
• Assist with month-end, quarter-end, and year-end financial close processes.
• Perform regular reconciliation of general ledger accounts, bank accounts, and intercompany balances.
• Support the preparation of financial schedules and management reports.
• Assist with the preparation and review of financial information for assigned business areas.

Budgeting & Forecasting

• Support the annual budgeting and periodic forecasting processes.
• Assist in monitoring actual performance against approved budgets.
• Prepare budget variance reports and provide explanations for significant variances.
• Support budget revisions and financial planning activities as required.

Regulatory & Compliance Reporting

• Support the preparation and timely submission of regulatory returns and reports.
• Assist in ensuring compliance with applicable financial regulations, accounting standards, and internal policies.
• Maintain accurate documentation and records required for regulatory and audit purposes.
• Escalate potential compliance issues or discrepancies to the appropriate team members.

Tax Support

• Support the Finance team in tax compliance and reporting activities.
• Assist with the preparation of schedules and documentation required for tax filings.
• Maintain appropriate records for tax and audit purposes.

Financial Analysis

• Conduct basic financial analysis and prepare reports to support business and management decisions.
• Analyse financial data, identify trends and variances, and provide relevant insights.
• Support the preparation of financial models, presentations, and management reports.

Audit & Internal Controls

• Support internal and external audit activities by providing required schedules, documents, and financial information.
• Assist in maintaining effective financial controls and ensuring compliance with established processes.
• Identify and report accounting discrepancies, control gaps, or unusual transactions.

Other Responsibilities

• Support the effective management of finance-related processes and systems, including the Expense Portal.
• Maintain proper filing and documentation of financial records.
• Work collaboratively with other departments to resolve finance-related queries.
• Perform other finance-related duties as may be assigned.

Requirements

• Bachelor's degree in Accounting, Finance, Economics, Business Administration, or a related discipline.
• Professional qualification or progress towards ACA, ACCA, CIMA, or an equivalent qualification is an advantage.
• Minimum of 2 - 4 years of relevant experience in Finance, Accounting, Financial Reporting, Audit, or a related function.
• Experience within financial services, banking, investment, or capital markets will be an added advantage.
• Good understanding of financial reporting, accounting principles, reconciliations, budgeting, and financial controls.
• Experience supporting month-end and year-end closing processes.
• Basic knowledge of tax compliance and regulatory reporting.
• Strong analytical and numerical skills with excellent attention to detail.
• Proficiency in Microsoft Excel and familiarity with accounting/ERP systems.
• Ability to analyse financial data and prepare clear reports and schedules.
• Good communication and interpersonal skills.
• Ability to work effectively within a team and meet tight reporting deadlines.
• High level of integrity, accuracy, accountability, and confidentiality.