Senior Regulated reconciliations Analyst

Sanderson; Scotland; On-site; GBP 30,000 - 45,000; Full time

Job summary

A prominent financial services firm is seeking a Finance Reconciliation expert to manage incoming and outgoing payments and ensure compliance with financial regulations. The ideal candidate will have significant experience in financial services, strong analytical skills, and the ability to work under pressure. The company values diversity and offers support for candidates during the recruitment process.

Qualifications

• Experience in a Finance Reconciliation role within Financial Services.
• Ability to self-manage and work effectively under pressure.
• Strong knowledge of Finance and Accounting compliance requirements.

Responsibilities

• Key all incoming monies accurately into the system.
• Process outgoing manual payments ensuring compliance.
• Oversee dividend distribution reconciliations and payments.
• Investigate failed payments and resolve non-routine queries.

Skills

Experience in Finance Reconciliation

Expert in Microsoft Excel

Analytical problem solving

Strong interpersonal skills

Attention to detail

Knowledge of Finance and Accounting principles

Job description

What you'll be doing

• Key all incoming monies correctly into BaNCS or RUFUS within agreed SLAs and minimising any regulatory breaches. Support more junior members of the Team with this activity providing guidance and training where required.
• Properly record all cheques received on the core system (BaNCS or RUFUS), update the safe log and ensure cheques are properly safeguarded until they reach the appropriate bank in accordance with CASS 7. Support/direct more junior members of the Team with this activity providing guidance and training where required.
• Process all outgoing manual payments (CHAPS &Foreign Transfers) to our longstanding customers with accuracy ensuring appropriate sign-off has been obtained. Ensure full compliance with the CASS regulations. Support/direct more junior members of the Team with this activity providing guidance and training where required.
• Validate and approve that all automated payments are approved with the correct dates and that the underlying information matches system reports by ensuring correct dates are keyed for direct debit collections and outgoing BACS payments.
• Oversee the dividend distribution reconciliations and any associated payments, receipts and shortfall funding ensuring full compliance with CASS 7. Support/direct more junior members of the Team with this activity providing guidance and training and stepping-in where required.
• Oversee the preparation of the daily intraday and end of day bank reconciliations to demonstrate an effective level of control, within agreed SLAs and in line with LBG Group Minimum Standards. Support more junior members of the Team with this activity providing guidance and training and stepping-in where required.
• Identify, investigate and resolve any failed and rejected payments, bounced and out of date cheques, stopped and reissued cheques, as well as perform payment-tracing activities.
• Investigate financial records to establish facts in order to resolve more complex, non-routine queries and tasks within the required timescales.

What we're looking for

• Must have experience of working within a Finance Reconciliation role within Financial Services.
• Be an expert in Microsoft Excel and Word.
• Come with a systematic disciplined and analytical approach to problem solving, supported by strong interpersonal skills.
• Must possess the ability to self-manage, work effectively under pressure and manage to tight deadlines.
• Have a strong attention to detail, good fact-finding skills and ability to make evaluative judgments based on both quantitative and qualitative information.
• Ideally use clear and effective verbal, written and presentation skills, demonstrating the ability to communicate at senior levels within the team and the wider teams.
• Come with strong knowledge of Finance and Accounting principles, practices and compliance requirements for the UK and Ireland, and knowledge of financial services (in particular Life & Pension) processes and regulations.

Reasonable Adjustments

Respect and equality are core values to us. We are proud of the diverse and inclusive community we have built, and we welcome applications from people of all backgrounds and perspectives. Our success is driven by our people, united by the spirit of partnership to deliver the best resourcing solutions for our clients.

If you need any help or adjustments during the recruitment process for any reason, please let us know when you apply or talk to the recruiters directly so we can support you.