Management Accountant

We are Monex, a specialist in commercial foreign exchange. We offer a range of FX services aimed at corporate and institutional clients to manage foreign exchange exposure and international payments. Our team of experts provides personalized and proactive service, helping clients execute thoughtful FX strategies tailored to their specific business needs.

As part of the Monex SAB de CV financial group, we support over 70,200 clients worldwide, offering local expertise in various regions including the UK, Luxembourg, Canada, and Singapore. Our goal is to empower clients to make better-informed business decisions in a fast-moving and volatile market.

Department Overview

Finance departments need to constantly monitor the effectiveness of their activities and respond to any problems identified.

This function requires a strong skill bookkeeping set, because it is the most basic financial activity in a company. Before a business owner ever considers hiring a CFO, they bring in a bookkeeper, who tracks all of the transactions in the organization, covering both sales and expenses. As the organization grows, they might hire more specialized payables and receivables clerks, to take over functions such as corresponding with vendors and suppliers, above and beyond recording transactions.

Job Overview

To take financial ownership and accountability of the MESA LUX, MonFxPTE, MCI (commencing 1 Jan 25), MESL and MEMSV (up to the establishment of Spanish team).

To become the expert in the financial regulations and process for the assigned region and be the main point of contact.

Key Responsibilities & Accountabilities:

Financial Reporting and Control

1. Prepare monthly management accounts.
2. Ensure the management accounts are compliant with country/regional regulations.
3. Work with the Finance team to agree inter-company reconciliations.
4. Attend a month end meeting and discuss any issues with the monthly management accounts or reconciliations and work with the team to resolve any queries and agree how to close.
5. Post and reconcile prepayments and accruals.
6. Maintain the fixed asset register.
7. Post and reconcile payroll.
8. Prepare and send the profit split for the period to relevant members.
9. Review the income for the period.
10. Prepare monthly reports for the local teams and ad hoc reports as and when required.
11. Monitor and reconcile Company credit cards, resolving any discrepancies.
12. Review the banks accounts reconciliation and investigate discrepancies.
13. Prepare year end statutory accounts.
14. Prepare information for internal and external audits.
15. Preparation of bank covenant calculations.
16. Reconcile and review all banks monthly.
17. Investigate and resolve any discrepancies or misallocated costs.

Tax and Compliance

1. Prepare or support the Tax team for the tax returns preparation (CT and GST).
2. Ensure monthly/ quarterly tax instalments are paid on time.
3. Complete reconciliation of tax information.
4. Ensure tax is processed in line with regional requirement.
5. Together with the Tax team ensure manuals and procedures are kept up to date with any change in regional requirements or regulations.
6. Clear controls in place and followed to reduce errors.

General

1. Lead and support the internal and external audits.
2. Project work.
3. Other tasks as and when required to support the Finance team.
4. Ensuring and maintaining the standard of all documentation for the department's systems, controls, policies and processes.

Business Knowledge / Technical Skills:

• Previous experience of working within a regulated investment firm.
• Some experience working within a similar role within a commercial environment.
• Good demonstrable knowledge of UK/SPN financial Regulations.
• Some awareness of financial regulations, compliance and risk management within assigned country/region.
• Some knowledge of the regulatory environment in which an FX firm operates.
• Able to demonstrate a clear understanding of the purpose of risk management, and compliance within a regulated environment.
• Experience working with assigned country/region.
• Ability to analyze complicated data.
• Experience dealing with both internal and external auditors.

Leadership / Management Skills:

• Leads by example, embodying the culture and values of the Company.
• Cultivate an environment of psychological safety, innovation, creativity and increased productivity.
• Able to anticipate issues and risks and mitigate accordingly.
• Ensuring and maintaining the standard of all documentation for their department's systems, controls, policies and processes.
• Maintenance of decision making records.

Systems / Knowledge Skills:

• Finance - Workday is an advantage.
• Databases - FXDB (In House).