Financial Accountant Finance London

Hybrid Working Pattern: 3 days in Office & 2 WFH

About us

Cynergy Bank is the UK's human digital bank serving the needs of 'scale up' or medium sized and fast-growing SMEs; professionals; high net worth and mass affluent individuals, in essence those market segments that still value human service enabled by great technology.

We recognise that professional and personal lives often overlap and our mission is to help empower our customers to achieve their ambitions by serving all their interdependent banking needs. We provide a comprehensive range of digitally enabled products and services to meet the property finance, business and commercial banking, private banking and personal savings needs of our customers.

Our human and digital model transforms banking for customers who still value a face-to-face relationship that is enabled by the latest digital technology.

We partner with firms such as Google Cloud, Cigniti and Slalom as we continue to innovate in the human digital space.

Cynergy Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Eligible deposits with Cynergy Bank plc are protected by the UK Financial Services Compensation Scheme .

For more information on Cynergy Bank visit

Company Benefits

• Competitive Salary and Company Bonus
• Competitive holiday allowance plus bank holidays
• Option to purchase an additional 10 days holiday
• Pension contribution and Life Assurance
• Income Protection Scheme and Season Ticket Loan
• Medical Cover (After Probation)
• Electric Car Scheme and Money Coach (After Probation)

The Role:

The Financial Accountant is a diverse role within the Financial Reporting team, covering a broad range of accounting and reporting responsibilities with a view to taking ownership of tax-related matters. The role involves supporting the wider finance team with monthly and annual reporting, as well as ensuring accurate day-to-day financial record-keeping and maintaining strong financial controls. In addition to core accounting duties, there is a strong focus on tax, including VAT, corporation tax, and other regulatory tax reporting requirements.

Responsibilities:

Financial Reporting

• Supporting the production of monthly management accounts and annual financial statements, ensuring compliance with IFRS and regulatory requirements.
• Perform key monthly financial control activities, including reconciliations and variance analysis.
• Prepare and process accounting journals, including those related to tax, accruals, and adjustments.
• Support the external audit process, ensuring timely and accurate responses to audit queries.
• Assist in accounting policy development and provide technical accounting analysis where required.

Tax Management & Compliance

• Take ownership of tax reporting, including VAT, corporation tax, and other applicable tax matters.
• Prepare tax accounting calculations, VAT returns, and disclosures for financial reporting purposes.
• Work closely with external tax advisors to ensure compliance with UK tax regulations.
• Monitor changes in tax legislation and assess the impact on the bank's financial reporting.
• Ensure timely submission of tax filings and payments.

Essential Knowledge & Experience:

• Strong knowledge of IFRS and Financial Instrument accounting.
• ACA or ACCA qualified - 2 years PQE.
• A keen interest in developing tax expertise, becoming the go-to person for VAT, corporation tax, and other tax matters within the finance team.
• Understanding of financial controls and regulatory reporting requirements for banks.
• Advanced Excel skills and experience with accounting systems.
• Strong analytical skills with attention to detail.
• Proactive approach to problem-solving and process improvement.

Desirable knowledge & Experience:

• Additional tax qualifications (e.g. CTA) or significant experience in tax compliance and reporting.
• Experience working within the financial services or banking sector, with a strong understanding of the regulatory environment.