Financial Controller

For a bank I'm searching for an interim Financial Controller with experience in Dutch GAAP and financial instruments (bonds, derivatives, etc.)
For a bank I’m searching for a interim (senior) Financial Controller with experience in Dutch GAAP, IFRS and solid knowledge of financial instruments (loans & bonds, derivatives (IRS, currency, swaps, forwards & other FX contracts), guarantees, etc.) and their financial accounting.
The Finance department of the bank is managing an increased workload due to a strategic pan-European transformation project (the “Project”). The Project requires dedicated involvement from finance staff to prepare for UAT, Migration, and Business Readiness, with a go-live target of April 1, 2025. This has temporarily increased the workload as the project is executed alongside regular BAU activities. The challenge is to balance these demands, as constant prioritization shifts between the Project and BAU can impact the quality of financial outputs, including statutory, regulatory, and management reporting.
Limited focus on this strategic initiative may lead to superficial fixes rather than addressing root causes through alignment with multiple stakeholders, potentially exposing the business to strategic risks. Backfill and additional support within the Finance team will enable the current team to focus on UAT and Migration activities as part of the Project.
The Financial Controller is responsible for executing accounting activities, ensuring financial compliance, and providing accurate financial information for the Bank’s regulatory, statutory, and management reporting. Given the Project, it is essential that the candidate has at least five years of hands-on experience and can quickly settle into the role as a self-starter. The candidate should be a team player, working closely with the team lead and colleagues as needed.

Additionally, the Financial Controller is responsible for

• Regularly monitoring ledger accounts to ensure proper allocation to the respective ledger accounts
• Preparing daily and monthly reconciliations
• Updating monthly and daily reconciliations with data from acquired offices
• Preparing monthly accruals and other regular adjustments
• Executing ad-hoc postings for specific or new products
• Monitoring operational activities related to non-standard postings

The desired deliverables are as follows

• All daily and monthly reports are reconciled
• All nostro breaks and suspense postings are investigated and cleared
• New branches are successfully integrated into the department’s daily and monthly monitoring reports

• University degree in Finance & Accounting
• Proficiency in Dutch GAAP and IFRS
• Experience in the banking sector, financial services, or capital markets
• Deep knowledge of financial instruments and their accounting (e.g., loans & bonds, derivatives like IRS, currency swaps, forwards, other FX contracts, guarantees)
• Strong analytical and problem-solving abilities
• Detail-oriented, with an accurate and can-do mentality
• Advanced hands-on experience with MS Excel, including pivot tables
• Above-average communication skills; fluent in English
• Organizational sensitivity and ability to adhere to hierarchy
• Energetic and adaptable to dynamic settings
• Hands-on experience with transaction processing and reconciliation (e.g., Nostro, suspense accounts) with the ability to resolve breaks
• Excellent interpersonal skills and a proactive approach
• Ability to work independently with limited guidance
• (Advantage) Knowledge of SQL for data extraction and analysis
• Nice to have: Experience with MIDAS and Oracle
• Positive references (minimum of 2) from a similar environment
• Note: No holidays during Q1 2025

The Accounting & Control team, a subgroup of the Finance department, en is primarily responsible for overseeing financial accounting and control functions within the organization, ensuring accurate financial reporting and compliance with regulatory standards. In this role, the candidate will collaborate closely with various departments, including Finance, Operations, IT, Risk, and Business, to support cohesive financial management and operational efficiency across the organization. The candidate will report to the Head of Finance.

• Start Date: Preferably November 15, 2024, and ultimately December 1, 2024.
• Duration: Initial term until April 2025, with the possibility of extension.
• Hours: 40 hours per week.
• Location: Hybrid model, meaning three days in-office and two days remote, subject to team lead approval.
• Interview Process: Two interview rounds
• Other Considerations: No holiday availability during Q1 2025 to meet project demands.

• Start: Ultimately December 1st, 2024