Analyst, Operations Finance

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The Analyst, Operations Finance, is a subject matter expert on all products their team covers and performs the more complex day to day tasks.

The Analyst trains the Assistant Analysts within their team and is seen as one of the main points of contact for other departments, bringing their expertise to the discussion and recommending solutions.

The Operations Finance teams within OSM are responsible for ensuring all Resident and ASB Offices comply with best practice when carrying out their accounting and financial management duties. The teams are also responsible for carrying out quarterly and annual checks to ensure the offices are complying with the guidelines and provide training to the RO Budget Officers and Office Managers, In addition, they make sure that all the expenses and Bank and Donor funded invoices are checked and settled in an accurate and timely manner.

This requires accurate capture in SAP to ensure that the Donor Funded commitments and the Bank’s departmental budgets are reported correctly. The team is also responsible for ensuring that all cost recovery arrangements are accurately recorded in SAP and for submitting claims to the relevant authorities for the recovery of taxes.

The Analyst interacts with a range of external clients and a wide cross section of departments and levels within the Bank. The Analyst will have a broad experience of all products handled by their team. The Analyst is also expected to respond to queries from internal and external auditors on areas of work for which they are responsible.

• This is a nonstandard Accounts Payable/Accounts Receivable role which demands a high level of accuracy and deals with a high volume of transactions which can increase substantially at certain times of the year in the drive to achieve institutional business targets. Any errors can lead to both reputational and financial loss to the Bank
• Collectively responsible for recovering amounts due to the Bank of up to GBP 30 million per annum and up to GBP 12 million per annum in taxes. The Teams are also collectively responsible for settlement of disbursements in the range of GBP 300-450 million per annum to internal and external clients
• Collectively responsible for the accounting and financial reporting of the Resident and BAS offices, contributing to and ensuring the procedures and controls are adhered to, training the Budget Officers and Office Managers and documenting and policing the agreed controls

• Undertakes investigations and inspections of data, processes and practice in accordance with established procedure to identify potential or actual compliance issues and raises issues identified with Principal
• Provides advisory services to internal/external clients relating to own practice area to ensure there is no misalignment between policy and practice
• Contributes to the development of procedures within own area of specialism to ensure the function best responds to the Bank’s needs and reflects current practice
• Subject matter expert on all products dealt with by the team and performs more of the complex day to day tasks
• Responsible for the checking and authorisation of other team members work to ensure accuracy in processing/settlement of Bank’s transactions.
• Trains the Assistant Analysts within the team across a number of tasks
• Provides documentation to internal and external auditors related to work performed by the team
• Oversees the cost recovery/cost sharing process, including analysing and interpreting legal agreements and other documentation to ensure that costs are recovered from the clients in accordance with the relevant legal agreements
• Checks all Bank and Donor funded invoices against the underlying contracts, agreements or policies, as appropriate, to ensure accuracy and compliance with terms and conditions. Ensure any discrepancies in the Bank’s invoices are investigated and amended by the relevant teams/employees prior to posting
• Checks and posts recharge journals to financial accounts, ensuring that the relevant authorizations have been obtained and the postings are made…