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Financial Reporting and Control Senior Accountant

  • Finance & Accounting
  • Full time
  • R-200313

About this role:

Wells Fargo is seeking a Senior Financial Accountant.

EMEA Controllers group is responsible for regulatory, financial, and management reporting requirements in the region. As well as forming a key part of the International Controllers organization, the team provides local support for varied financial services business lines as well as the EMEA CFO/management team.

This role will report to the EMEA VAT Controller and Legal Entity Controller of other non-branch Entities, with responsibility for supporting the VAT Controller team with the production of accurate VAT returns under the Partial Exemption Special Method (PESM). Working within the Legal Entity Control Team, this role will have responsibility for understanding the Financial Accounting flows and how these are applied to the rules and processes employed over the VAT return.  The role will also be responsible for enhancing and maintaining the control framework over the end-to-end VAT PESM process. The role will also be expected to deputise for the EMEA VAT Controller, as required.

This role is best suited to candidates with strong financial and/or regulatory control background.  A good of understanding of the best practice of control frameworks, particularly related to VAT or regulatory reporting is required.  VAT PESM knowledge gained in an international financial services business would be an advantage but not essential.

Personal attributes required for the role include a strong attention to detail, good communication skills, the ability to pick up concepts quickly and the desire to learn in a fast-moving environment.  The successful candidate will also be expected to liaise with multiple stakeholder groups including data providers, the Tax team and Legal Entity Controllers of the entities in the UK VAT group and so would benefit from having strong influencing skills


In this role, you will:

  • Preparation and review of the UK VAT Group Return under the PESM.
  • Oversee the production cycles of the UK VAT Group return
  • As part of the review and challenge process, build commercial understanding of the accounting flows and how they apply to the return
  • Review and challenge of inputs and outputs of the VAT return (accounts payable data, intercompany reverse charge) to ensure it reconciles to the GL and is in line with expectations
  • Responsible for enhancing and maintaining the control framework over the end-to-end VAT PESM process and assist in building our internal operating models and structures
  • Analytical review of the VAT return output including provision of commercial commentary of the quarterly VAT return
  • Ensure appropriate documentation is in place to support appropriate the risk identification, control design and control effectiveness including associated procedures.
  • Run the daily VAT close meetings
  • Perform monthly journals and reconciliations to account for irrecoverable VAT, fully reimbursable VAT and exempt VAT
  • Drive digital enablement of the VAT processes (incl. Tableau, Workiva, Power BI etc.)
  • Working through ad hoc VAT issues as and when they arise
  • Build strong understanding of the PESM processes and VAT requirements.

Required Qualifications, International:

  • Qualified accountant with 5+ PQE experience
  • Strong financial and/or regulatory control background. 
  • A good of understanding of best practice of control frameworks, particularly related to one or more of PESM VAT, financial control or regulatory reporting
  • Experience of working in an international financial services business preferably within Banking
  • Experience of the VAT Partial Exemption Special Method (PESM) an advantage but not essential
  • Works well within a team.
  • Confident communicator at all levels in the organisation with good influencing skills
  • Intuitive, fast learner.
  • Self-motivated with the ability to work independently with a team structure.
  • Good problem-solving skills.
  • Good time management & organisational skills.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.


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