Financial Controller

Since 1959, Australian Military Bank has provided members with fantastic service, great rates and competitive banking and insurance products. As a member-owned financial institution, we are all about putting members first and helping them to achieve their financial goals. We offer mortgage, consumer and credit loan facilities as well as products and services within superannuation, everyday transactions, savings, term deposits and insurance.

The financial controller is responsible for the entire financial control and reporting function of the bank complying with relevant tax legislations, accounting standards (AASB) and regulatory requirements whilst supervising and developing a high-performing team of accountants.

Major Responsibility Areas

• Preparation and review of month-end and quarterly financial statements
• Month-end closing activities including the review of general ledger reconciliations
• Periodic review of accruals, prepayments, and timely true ups
• Management of EOM reconciliation management software (Jira)
• Review and approve general ledger journals
• Improve month-end closing processes and procedures to meet reporting timelines
• Assist the team of accountants to resolve any outstanding reconciliation issues in a timely manner, and escalate to management where appropriate
• Provide monthly reconciliation update to the DCFO and CFO
• Develop and review financial accounting policies and processes
• Manage the internal and outsourced Accounts Payable functions, including reviewing invoice journals and reviewing payments where required
• Manage the ERP/Accounting system (Tech1), including liaising with external account managers and relationship with external technical consultants
• Prepare technical accounting papers to support a change in accounting policy or estimation technique or correction of prior period errors and preparing impact analysis of the changes
• Staying updated with the changes taking place in AASB and execute new standard implementation or changes in existing accounting standards
• Identify, recommend, support, or manage automation of financial operations e.g. to remove double handling of information and thereby streamline processes, or to reduce manual intervention and thereby reduce the risk of error, or to improve inefficient ETLs between the general ledger and other systems
• Identify and provide recommendations of ways to improve profitability or other key financial ratios
• Oversight and review of compliance reporting and returns, including but not limited to APRA reporting
• Keeping updated on regulatory reporting changes and managing new/updated regulatory returns where required
• Support the Senior Finance Business Partner in delivering the annual budget and long-term financial forecasts by providing financial accounting inputs as required
• Maintain, and review of investment register, reconcile with GL, and ensure that all elements of the investment register are updated periodically such as credit ratings of investment exposures
• Ensure adequate procedures, process maps and cross-training is maintained for financial control tasks
• Support the Treasury Manager/ Treasury Analyst in managing liquidity and other risks by providing relevant information as required
• Develop or update financial management polices not limited to reconciliation policy and accounts payable policy
• Prepare or review tax calculations and returns on time and in compliance with the latest tax requirements – income tax, GST, FBT, WHT, AIIR, PAYG and FATCA/CRS etc
• Manage the year-end process in the Finance team, as well as liaise with the business on accounts payable and accrual matters before year-end
• Coordination, preparation and review of annual financial statements and applicable notes to the financial statements
• Liaise with internal and external auditors and coordinate the provision of supporting documents by the Finance team and address audit queries on time
• Being the point of contact and internal coordinator for the annual external audit
• Support and manage the implementation of projects that impact financial accounting and reporting processes – e.g. service provider changes, self-securitization top-ups, new securitizations, or capital raising
• Develop and maintain good rapport and professional relationship with internal and external stakeholders
• Lead and manage a team of accountants and be a role model to the finance profession exhibiting sound professional ethics and behaviour 

About You

To be successful in the role you will demonstrate the below key attributes and experience:

Technical Skills

• Working knowledge of Australian Accounting standards, including but not limited to revenue recognition (insurance commissions), leases, expected credit loss provisions, intangible assets, and securitisation/warehouses.
• Working knowledge of APRA reporting standards applicable to banks.
• Working knowledge of key taxation requirement applicable to banks.
• Working knowledge on developing internal controls and associated polices 
• Advanced excel skills – Power Query, macros or similar capability (eg. SQL) would be advantageous.

Education & Qualifications

• CA/CPA qualifications essential 

Work Experience

• Retail banking experience in a similar role is essential.

Benefits

Working with Australian Military Bank will provide you access to a great range of benefits including:

• Staff Banking product + Services discounts
• Novated Leasing options
• 4 weeks Paid Parental + Purchased Leave option
• Referral Reward Program
• Employee Assistance Program
• Annual Flu Shot + Blood Donor Leave
• Polo Shirt provided
• Service Awards

Why Us

Australian Military Bank forms an integral part of the wider Defence community. We offer our staff competitive remuneration, discounts on banking and insurance products and ongoing learning and development programs. You will be provided with training and coaching on the job to provide you with the tools to be successful in this role. Australian Military Bank provides realistic progression opportunity nationwide and the opportunity to embrace new technologies and ways of working.

Probity check

As we are an Authorised Deposit Taking Institution, there is a requirement to complete the standard range of Credit, Police and Bankruptcy checks prior to commencement of employment.  

This is an exciting, challenging position with the opportunity to build your career with a highly trusted mutual bank. We move quickly with our interview process, if you are keen please submit your CV today!

Australian Military Bank values diversity and is an equal employment opportunity employer.