ACA Trainee – Financial Services

Job Title: ACA Trainee – Financial Services
Contract Type: Graduate
Location: London
Salary: Competitive + Benefits
Reference: NA
Contact Email:
Job Published: October 15, 2018 14:58

Job Description

Financial Services Group

Whilst the Financial Services Group is biased towards the London insurance market, involving a significant amount of statutory audit work for Lloyd’s syndicates, capital providers, agency groups, insurance companies and brokers, you could also be involved in auditing fund managers, venture capitalists and hedge fund managers. Coupled with the wealth of special assignments we are involved in, including corporate finance reporting, litigation support, due diligence investigations and internal audit reviews, working in the Financial Services Group will provide you with a diverse range of experience, a busy timetable and high degree of responsibility.

What skills will you need to be effective in this role?

Purpose and Aim of the Job  

To begin to develop a knowledge of accounting and auditing techniques and show commitment to  
passing the professional examinations

To begin to develop an understanding of the Financial Services sector, including insurance, funds and fund management and the associated accounting and auditing issues

Job Duties and Responsibilities  

• Undertake the work allocated by the assignment leader 
• Keep the assignment leader informed about progress at daily meetings  
• Ensure attendance at briefing meetings and understand the audit plan  
• Complete the work within the budget for each area
• Adopt high professional standards with a business-like approach to work  
• Develop a comprehensive working knowledge of double entry book keeping  
• Be able to obtain and document effective audit evidence, across various sections of the audit, including the following:
 Fixed assets (complete)  
 Investments 
 Bank (complete)  
 Understand & document accounting systems and complete systems testing 
 Profit and loss analysis – with attention to tax requirement  
• Develop a basic knowledge of current accounting standards 
• Develop a basic knowledge of the laws and regulations affecting FS clients including Lloyd’s/FCA regulations and client money rules
• Pass relevant professional examinations first time  
• Complete the required CII study exams 
• Be able to advise on basic accounting issues  
• Be aware of Institute and internal ethical guidelines  
• To accept responsibility for all work performed