Finance Manager - Vice President - SMDAM
London, LND, GB, EC2M 2AT
SMBC: A trusted partner for the long term
Here at SMBC Group, we want to help you find the next step in your career so read on to discover if this opportunity is the one for you. We like to recognise potential in our people, so we welcome your application even when your experience doesn’t perfectly align with the job description. Whilst we’ll always strive to be better, we’re proud of our inclusive culture, and encourage our applicants and colleagues to be their authentic, unique selves.
Who we are
This is an exciting opportunity to join Accounting and Finance at Sumitomo Mitsui DS Asset Management (UK) Limited (“SMDAM UK”) a UK investment management firm. SMDAM UK is a subsidiary of Sumitomo Mitsui DS Asset Management Ltd, one of the largest investment management companies in Japan, offering discretionary investment management, investment trust and advisory services to a range of institutional investors, pension funds and government agencies worldwide.
Role Summary
We are looking for Finance Manager (Vice President) to join the team. The is a key hire in support of SMDAM’s plans to significantly expand its asset management activities outside of Japan over the next five years. This expansion will focus on the development of an existing Luxembourg domiciled UCITS platform and segregated account business focusing on equities and fixed income; and he development and launch of a range of alternative funds (including private credit and infrastructure finance) leveraging the expertise of the wider SMFG/SMBC Group. We are looking for a qualified or part qualified accountant to support all areas of finance operation, including statutory financial reporting, management accounting, audit and taxation.
Position Description
The successful candidate will have proven strong experience of accounting and finance, with sound knowledge of UK GAAP and UK tax and regulatory regimes. Having an exposure of working in the asset management industry is advantageous but necessary.
Key Responsibilities:
Finance & Accounting
- Manage and oversee daily accounting and financial reporting
- Support audit and preparation of set of financial statements
- Provide support IFRS conversion form FRS 102
- Support business planning, budgeting, and forecasting
- Prepare monthly/quarterly division-based management accounts
- Support monthly management report to Tokyo head office
- Oversee quarterly SMFG consolidation reporting
- Provide financial analysis on a monthly and quarterly basis to support strategic decision-making
- Manage investment management fees (revenue) and monitor expenses against budget
- Proactively review upcoming regulatory changes (including across regulatory (FCA), finance and immigration etc,), assessing the impact on the firm and its funds and ensuring effective implementation
- Liaise with external advisors when required and manage legal spend effectively.
- Support development and maintenance of financial reporting frameworks for UK and EU in collaboration with oversea colleagu
- Tax & Regulatory compliance
- Coordinate the preparation and submission of tax returns and regulatory filings
- Support for preparation of transfer prising documents
- Review quarterly VAT returns and direct tax filings
Skills and Experience
Required experience:
Finance experience gained in-house or accounting practice
Extensive experience and knowledge of the UK finance and taxation
Skills
Strong understanding of financial accounting, tax strategies, regulatory compliance, with a strong focus on accuracy, timeliness, and strategic insight
Strong knowledge in IFRS, UK GAAP
Strong communication skills to enable clear and concise presentation of complex finance topics
Ability to manage external stakeholders and operate as relationship manager for service providers with a focus on efficiency of relationship and driving value for SMBC Private Market’s investment vehicles by constantly evaluating monitoring fee spend vs. quality of service
Awareness and understanding asset management in asset management is a strong positive
Should have a relevant professional qualification (ACCA/ACA/ACT or similar)
Proficiency in Japanese (both Speaking and Writing) is a key advantage
Competencies
What we offer
For all the expertise and experience you bring to help us make a difference, it’s only sustainable if we support you to build your career and be your best self so we offer competitive company benefits, centred around promoting positive well-bring and work-life balance. We also believe in fostering a diverse and inclusive work environment, where all team members perspectives and contributions are valued. Initiatives in place which promote a diverse and inclusive culture and healthy work life balance include hybrid working, Sport & Social Clubs and Diversity and Inclusion networks.
As an employee of SMBC you have access to a host of both useful and exciting benefit offerings. See below some of the benefits on offer to you:
- Hybrid and flexible working
- Competitive paid leave days
- Benefits to support your physical wellbeing, including private medical insurance and life and invalidity insurance
- Various policies to support your mental wellbeing, including a robust behavioural health network with counselling and coaching services
- Access a wide range of learning and development opportunities and career progression opportunities
- Ambitious remuneration package
So, if you like a challenge and want to continuously grow and develop in a role where you will be supported along the way by a dynamic and diverse team, apply today!!
We recognise our role as a bank to support social change and welcome all applications, including those from groups often under-represented in financial services. We value the uniqueness of professional and personal, backgrounds and perspectives as they play a vital role in continuing the sustainable growth of our organisation. We’ll ensure reasonable adjustments to our recruitment process are offered due to a disability or long-term condition whenever requested.