Bank Reconciliations Assistant

Vxplore; Bexhill-on-Sea; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A digital insurance provider is seeking a Bank Reconciliations Assistant to support the Finance team in managing bank reconciliation processes. This entry-level role is ideal for those looking to build a career in finance. The successful candidate will ensure accurate reconciliation of transactions and support with issues pertaining to daily cash flow. Flexible hybrid working is offered, along with a range of financial and mental wellbeing benefits.

Benefits

Flexible working

Competitive bonus scheme

Financial wellbeing support

Mental wellbeing programme

25 days annual leave

Qualifications

• Experience handling customer queries through various channels.
• Proficient in Microsoft Office applications.
• Insurance/financial services experience preferred.

Responsibilities

• Support Bank Reconciliations Manager in processes.
• Resolve daily unreconciled items with investigation.
• Lead weekly meetings for outstanding transactions.

Skills

Customer service experience

Microsoft Office knowledge

Financial services experience

Tools

Guidewire

Job description

Job Title: Bank Reconciliations Assistant

Location: Bexhill/Hybrid

Welcome to Hastings Direct - Finance

We're a digital insurance provider with a clear strategy to become the best and biggest player in the UK market. As a company, we've made huge investments in our technology, pricing, data and analytics capabilities over the past few years, along with nurturing our 4Cs culture and substantial investment in our people. And as a Finance team, we're doing exactly the same - building a market leading finance technology platform, investing in our team and our approach to leadership development, with a real focus on commercially adding value to the business.

The fact you're now reading this job advert means we've tempted you to find out more about . If you like what you see, we hope you'll consider joining our team.

We have high standards and understand some people may not apply for jobs unless they feel they tick every box. If you're excited about joining us and think you have some of what we are looking for, even if you're not 100% sure, we would love to hear from you.

Role Overview

You'll be supporting our Bank Reconciliations Manager in all aspects of the Hastings and Group bank reconciliation processes. This is a great entry role into Finance and we'd strongly encourage anyone interested in a career in Finance to apply.

Job details - you'll need to have demonstrable experience in:

• Ensuring that the daily download of all statements and cashbook data into our reconciliation software is completed and reconcile data using the automated reconciliation system
• Resolving daily unreconciled items manually through thorough investigation, gaining a clear understanding of the nature of the issue and the reason why transactions don't reconcile
• Leading weekly meetings with the relevant business areas with the aim to resolve any outstanding unreconciled transactions to avoid items falling into outstanding
• Escalating significant increases in daily unreconciled transactions to senior management and provide regular updates to the reconciliation manager on progress
• Identifying root causes for unreconciled transactions and sharing findings with the relevant business areas for resolution
• Accurately and efficiently preparing and completing monthly bank reconciliations, ensuring that reconciliation differences are resolved or explained for audit purposes
  
  

Essential Skills/experience

• Previous experience of dealing with customer queries via email, telephone and in person
• Working knowledge of Microsoft Office products is essential and Guidewire experience is advantageous
• Previous insurance/financial services experience preferred, with a passion for developing a career in finance long term (bank reconciliations experience would be a bonus!)
  
  

The interview process

Our Interview Process Involves The Below

• Recruiter screening call
• Interview with Hiring Leader
  
  

As a Disability Confident employer, we're committed to ensuring our recruitment processes are fully inclusive - for more information on the Disability Confident Scheme (DCS), please visit our inclusive business page on our careers website. For this position, we're regrettably unable to accept applications through the DCS due to the extremely high volumes of applications we receive. However, you'll of course have fair access to support and adjustments throughout your recruitment journey.

Benefits: In addition to a competitive salary you will also receive

Flexible working - we champion a flexible hybrid working approach - please speak to your recruiter to discuss in more detail

Competitive bonus scheme - all colleagues are eligible for our annual 4Cs performance bonus

Financial wellbeing - as well as providing you with 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%, we are proud to provide you with an award winning package which includes - discounts, cashback, free independent mortgage advice and free access to financial wellbeing support

Mental wellbeing programme - we have the thrive mental health app, our colleague assistance programme available 24/7, our own in-house mental health first aiders, support groups and a dedicated team to make sure we are covering your needs

There's more! - 25 days annual leave + bank holidays, with the option to buy or sell one of your weeks, access to our health care cash back plans, dental plans, discounted health assessments, Cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year and much more .

Join us and you'll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company and community. As one of our colleagues, you'll be helping to drive our growth, so in return, we'll give you all the support, training and development you need. Our 4Cs principles are simple: we believe by creating the right culture for our colleagues and giving them the right tools to do their job, we'll deliver good outcomes for every customer, helping us to grow the company profitably and sustainably and allowing us to invest in the communities we serve.

Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status. Please also note that we have a thorough referencing process, which includes credit and criminal record checks.

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