Finance Assistant - Financial Reporting - Lloyds Living

This review provides an insightful look into the Finance Assistant - Financial Reporting role at Lloyds Living, offering potential candidates a clear understanding of the opportunity and guiding their career considerations.

About the Opportunity: Finance Assistant - Financial Reporting

Lloyds Living, established in 2021 as the Group's Private Rental business, is on a mission to "Help Britain Prosper" by enhancing access to quality rental homes nationwide. This Finance Assistant role offers a fantastic chance to join a growing and impactful organisation. Reporting to the Finance Manager, you'll be an integral part of the Finance Team, focusing on legal entity control, governance, and financial reporting for the Lloyds Living group of companies. A significant aspect of this role involves contributing to the implementation of Oracle NetSuite, a key financial system upgrade.

Key Responsibilities and Growth Areas:

• Financial Operations: You will be directly involved in crucial accounting processes, including posting journals, reconciling intercompany accounts, preparing invoices for intra-company investment property movements, and assisting with the posting of quarterly valuations.
• System Implementation: A significant advantage of this role is the opportunity to contribute to the setup of Oracle NetSuite. This hands-on experience with a leading financial system will be highly valuable for your career development.
• Cross-Functional Collaboration: You'll have the chance to liaise with various departments within Lloyds Living, including investment, operations, budgeting, new acquisitions, accounts payable and receivable, as well as commercial, operations, and change teams. This exposure will broaden your understanding of business operations and financial integration.
• Reporting to Group Functions: This role requires providing essential financial information to Lloyds Banking Group functions such as tax, treasury, regulatory control, and company secretarial. This will give you insight into group-level financial management and compliance.

What's On Offer for Your Career Path:

• Financial System Expertise: Gaining practical experience with Oracle NetSuite during its implementation is a significant career booster, particularly for those aiming for finance roles in system-heavy environments.
• Broad Financial Exposure: The diverse responsibilities, from transactional accounting to reporting and system implementation, provide a well-rounded financial experience that can pave the way for future advancement.
• Industry Insight: Experience within the Property or Private Rented Sector is preferred, offering a niche but growing area of the market for those looking to specialise.
• Organisational Impact: Being part of a business focused on improving access to rental homes and contributing to a larger purpose ("Help Britain Prosper") offers a sense of professional fulfillment.

Key Considerations for Candidates:

• Qualifications: While AAT or equivalent is preferred, a strong understanding of accounting principles and a willingness to learn will be crucial.
• System Acumen: Familiarity with financial systems, especially Oracle NetSuite, is a strong advantage. Candidates with experience in Oracle Fusion and VAT reporting will also find this role appealing.
• Analytical and Communication Skills: The role demands keen attention to detail, strong analytical abilities, and the capacity to clearly communicate financial information.
• Adaptability and Proactivity: The dynamic nature of a new and growing business requires individuals who are adaptable, self-motivated, and can manage their workload effectively.
• Collaborative Spirit: As part of a finance team and working across different business units, a collaborative and team-oriented approach is essential.

Flexible Working and Benefits:

Lloyds Living supports flexible working arrangements, including flexibility in when hours are worked and job-sharing options, allowing for a better work-life balance. The role also offers a competitive salary range of £29,460 - £31,010 and an attractive benefits package, including a generous pension contribution, annual bonus, share schemes, and a range of wellbeing initiatives. This demonstrates a commitment to employee welfare and development.

In summary, this Finance Assistant - Financial Reporting role at Lloyds Living presents a compelling opportunity for ambitious individuals seeking to deepen their financial expertise within a growing and purposeful organisation. The emphasis on system implementation and cross-functional collaboration makes this a role with significant potential for career advancement.