Senior Accounting Manager (Global Bank, Luxembourg)

Senior Accounting Manager (Global Bank Luxembourg)

Key Responsibilities

1. Accounting Operations
   • Manage the Accounting Section within the Finance Department, ensuring operational efficiency.
   • Oversee daily, monthly, and annual financial operations, including P&L accounts and Forex positions.
   • Ensure the accuracy and timeliness of Profit & Loss reports, budgeting, and forecasting.
   • Supervise accounts payable, receivable, and general ledger activities.
2. Team Management
   • Lead, manage, and motivate a team of six accountants, fostering development and maintaining high performance.
   • Provide training and guidance to improve efficiency and knowledge within the team.
3. Financial Reporting & Compliance
   • Prepare annual accounts in line with IFRS and local GAAP standards.
   • Manage VAT declarations and ensure tax compliance through the TVA system.
   • Collaborate with external auditors and financial authorities to maintain compliance and address audit requirements.
4. Process Improvement & System Maintenance
   • Maintain and update bank accounts and records within the Banking System.
   • Develop and refine internal procedures for increased efficiency and compliance.
5. Strategic Assistance
   • Support the Head of Finance on projects and corporate accounting matters.
   • Assist General Management by advising on accounting and financial issues.
6. Regulatory Responsibilities
   • Manage regulatory reporting (CSSF, BCL) as required.
   • Ensure alignment with accounting standards and legal regulations, including engaging with financial authorities.

Candidate Profile

• Experience & Education
  • Minimum 10 years of experience in accounting, preferably in banking.
  • Proven experience managing teams effectively.
  • Master’s degree in Accounting, Finance, or a related field.
• Technical Knowledge
  • Expertise in Lux GAAP and IFRS standards.
  • Advanced knowledge of tax and VAT regulations.
  • Proficiency in accounting software and advanced Excel skills.
  • Familiarity with regulatory reporting (CSSF, BCL) is an advantage.
• Skills & Attributes
  • Strong analytical, organizational, and communication skills.
  • Professional discretion, high efficiency, and initiative-driven approach.
  • Ability to perform under pressure and meet tight deadlines.
  • Bilingual fluency in English and French is essential.
• Additional Assets
  • Prior experience as an auditor.
  • Expertise in managing external auditor relationships.
  • Strong collaboration skills with upper management and stakeholders.

This position is ideal for a seasoned accounting professional with a proven track record in banking, a strong grasp of regulatory frameworks, and a passion for leading and optimizing financial operations.