13 Jan 2021
Finance Officer

[Reference Number: CR000200]

Forex   Limassol

Our client, a leading technology and services provider in the brokerage industry, is currently seeking to recruit a Finance Officer to join their team. The right candidate should have at least six months experience in Accounting within a Cyprus Investment Firm as well as a relevant Accounting diploma.


Responsibilities

Daily Tasks

  • Reconciliation of clients deposits and withdrawals from financial institutions to platform and CRM
  • Post into Priority accounting software the clients’ deposits and withdrawals and reconcile with financial institutions statements
  • Reconciliation of excess clients’ funds to clients’ liability / equity
  • Preparation of daily bank balances report
  • Process in CRM the clients bank deposits only
  • Processing and execution of clients’ withdrawals in CRM and financial institutions respectively

Weekly Tasks

  • Update the weekly expense payments report with expense invoices received from suppliers
  • Post suppliers expense invoices in Priority accounting software
  • Process urgent suppliers’ expense payments

 Monthly Tasks

  • Closure of the month – banks and financial institutions monthly reconciliations, preparation of monthly bank balances report, calculation of the overall trading profit, banks and financial institutions fees, allocation of expenses between LCY and LFS, prepayments and accruals (this task has to be completed within 3 working days from the end of the month)
  • Preparation of monthly profit reports in respect of 4 brokers according to agreements (performed twice a month – 1 week before the end of the month and at beginning of the month)
  • Process monthly expense payments to suppliers
  • Preparation of monthly payroll and process salary payments (12 employees)

 Quarterly Tasks

  • Preparation and submission of VAT Returns
  • Provision of the financial data and involvement in the preparation of the quarterly CySec statistics report – in cooperation with the dealing department
  • Provision of financial data and involvement in the calculation of the Capital Adequacy Report – in cooperation with the dealing department

 Annual Tasks

  • Close cooperation with the external and internal auditors for the provision of the requested financial data for the completion of the external and internal audits respectively
  • Provision of the relevant financial data and involvement in the preparation of annual CySec reports

 Occasional tasks

  • Involvement in the completion of applications for new banks and credit card acquirers
  • Preparation and representation of chargeback reports in close cooperation with other departments

Requirements

  • Holder of a University Degree in Accounting / Business / Finance or equivalent
  • Experience in the accounting department of a Cyprus Investment Firm for at least 6 months

Apply to this Job

Upload file [Format: Microsoft Word (.doc or .docx) or Portable Document Format (.pdf), Size: no larger than 5MB].

By ticking this box you grant Cosmo Recruitment Cyprus Ltd the right to use personal data for recruitment and selection purposes. This is in compliance with the Data Protection Act 1998 and the new General Data Protection Regulation (GDPR). You may withdraw your consent to the use of your personal information at any time.