Senior Management Accountant

Monex is a leading global financial solutions provider, offering a complete set of tools to support business growth and strategic financial operations.

We specialise in FX risk management and international payments, helping corporate and institutional clients design tailored FX solutions to navigate currency volatility with confidence. Our team of FX specialists implement well-considered currency strategies, offering dedicated support to help clients manage their payment needs – whether for goods, services, or direct investments.

In 2023, Monex facilitated $309 billion in FX turnover, managed $10.7 billion in assets, and processed 8.5 million transactions. With offices across North America (Canada, the US, and Mexico), Asia (Singapore), and Europe (the UK, Spain, and the Netherlands), we serve over 66,000 clients worldwide.

By combining global reach with deep local market expertise, Monex enhances businesses with a suite of financial solutions and FX market analysis to help optimise efficiency, mitigate currency risk, and protect margins in an increasingly complex financial landscape. Our corporate client experience is further enhanced by our dedicated sector expertise across a range of industries.

Department Overview

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

The need for financial departments to constantly adapt to their unique circumstances, which may include taking on additional responsibilities or relinquishing existing ones.

Finance Department Activities

Accounts Payable and Accounts Receivable

Accounts Payable (AP) and Accounts Receivable (AR) are two key functions in financial accounting that manage a company's cash flow.

Accounts Payable (AP) manages the company's outgoing payments, ensuring timely and accurate disbursement to suppliers while optimizing cash flow. It ensures the organization meets its financial obligations efficiently, maintaining strong supplier relationships and leveraging payment terms for financial flexibility.

Accounts Receivable (AR) drives the collection of incoming payments from customers, safeguarding revenue streams and ensuring timely cash inflow. It plays a critical role in managing working capital by enforcing credit policies and accelerating cash conversion, ultimately strengthening the company's liquidity position.

Together, AP and AR are key to balancing financial operations, optimising cash flow, and supporting strategic financial health.

This function requires a strong skill bookkeeping set, because 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 specialised payables and receivables clerks, to take over functions such as corresponding with vendors and suppliers, above and beyond recording transactions

Accounting function

The Accounting Department refers to the division in a firm that maintain and record all business transactions accurately and comprehensively in a systematic way so that they can be retrieved and reviewed at any time. Maintain adequate internal controls within the organization to safeguard its valuable resources.

Provide a basis for performance assessment and create accountability across the organization.

Keep track of costs incurred by the company and advise the modification of existing operations to reduce operating costs.

Support senior management in the decision-making process by appropriately presenting the financial data.

Plan based on anticipation of business needs and expected availability of resources.

Financial Reporting function

Financial Reporting is the function that takes raw accounting entries and transforms them into usable and comparable financial statements.

Requiring far more judgment than the bookkeeper’s role, this function involves everything from ruling on how to implement accounting principles to designing financial processes of the organization, selecting accounting systems, liaising with external auditors, and ensuring that there are no gaps or oversights in existing processes. Reporting to the Head Quarter Board meeting presentations.

Tax function

A company is exposed in to two main areas within tax function, namely (i): tax compliance and reporting, and (ii) tax advisory. In both cases, the challenges faced by tax functions can include keeping up with constantly changing tax regulations, managing large volumes of data, integrating tax technology solutions and dealing with complex cross-border transactions.

The connection between the challenges faced by the tax function and its operating model lies in the resource allocation. Often using the financial statements as a basis, along with various other configurations of the information produced by Bookkeeping and Payables/Receivables, the Tax and Compliance function will make sure all of the government forms and filings are sent complete and on-time to the taxman.

A strong Tax and Compliance function will go one step beyond simple compliance, and will find ways to minimize tax, so as to maximize the company’s net income.

Finance business partnering function

Within finance departments, the finance business partner function can be used to emphasise that finance’s role is about contributing to the business rather than pursuing a narrow departmental agenda. Labelling finance as a business partner can help to break down stereotypes of what accountants and the finance department do. The roles are vital providing the support for them to do it, organisations can do more harm than good by generating unfulfilled expectations

Job Overview

To take financial ownership and accountability of MEL, MTS, MEHL, MEM.

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

-Preparing, reviewing and fully responsible of the management accounts pack for the responsible entities ensuring its compliance with the UK regulations or any other local regulation.

-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.

-Ensure the management accounts are compliant with country/regional regulations.

-Work with the Finance team to agree inter-company reconciliations

-Review inter-company reconciliations.

-Carry out regular reviews of the Income Statement and Balance Sheet throughout the month and at month-end (GL reviews), ensuring the correct accounting treatment for all transactions, identifying variances and trends, and instructing any required accounting -adjustment to the Accounts Payable team or the Finance Assistant.

- Collaborate with Finance Business Partner (FBP) bringing the commercial element in the accounts such as discussing with FBP monthly accruals, ensuring the inclusion of provisions for upcoming costs as per the advice of the relevant Heads of Department.

-Review month-end activities and postings carried out by the Finance Assistant and MA, including bank reconciliations.

-Balance sheet reconciliation review and mentoring team

-Prepare/ Review monthly reports required by the Head Office in Mexico and Mentor the junior

-Provide key financial highlights and commentary to the local controller.

-Prepare Statutory Annual and full ownership year-end.

-Provide support to the Local controller with the interim and year end external audit process.

-Review the financials prepared for the Board Meeting every quarter.

-Lead and supervise all monthly and ad hoc Finance related activities for IAs (MEL keeps all relationship with IAs).

-Support the Local Controller with any required ad hoc activities, including ad hoc requests or queries from the Head office.

Accounts Payables/Receivables

Overview the collation invoices for payments as well as supplier records and follow up with the other FBP and AP for any inconsistencies.

Tax and Compliance

Ensure the correct tax criteria is used for all invoices suppliers and invoices from IAs.

Ensure that proper guidance and mentoring to the MA and FA tax data for annual tax return.

General

-Lead and support the internal and external audits.

-Project work

-Other tasks as and when required to support the Finance team

- 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 in a regulated investment firm;

• Strong demonstrable experience of working within a similar role within a commercial environment;

• Strong accounting, finance and book-keeping background;

• Understanding of key accounting concepts and reporting requirements within the UK and across Monex regions;

• Strong knowledge of UK financial Regulations etc.;

• Strong knowledge of financial regulations, compliance and risk management within other countries/regions within the group;

• Strong 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;

• Awareness of regulatory, compliance and risk management within other countries/regions an advantage;

• Ability to analyse complicated data;

• Ability to collate information;

• Extensive knowledge of FRS102, IFRS;

• Experience in tax calculation, corporate tax and VAT.

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.

• Previous line management experience essential.

Systems / Knowledge Skills:

• MS Office; Outlook, Word, Excel including V-Lookups, pivot tables, PowerPoint

• Finance – Workday is an advantage

• Databases – FXDB (In House)

• Power BI (Desirable)