Stock Funding Reconciliation and Audit Specialist | Solihull, UK

Secure Trust Bank; Metropolitan Borough of Solihull; On-site; GBP 35,000 - 55,000; Full time

Job summary

Join a forward-thinking bank as a Stock Funding Reconciliation and Audit Specialist. In this role, you'll ensure the integrity of dealer audits, manage complex operations, and mitigate financial risks. Your analytical skills and attention to detail will shine as you coordinate audits, manage onboarding processes, and work with multiple systems. This dynamic position offers you the chance to make a tangible impact in a supportive environment that values your contributions and encourages professional growth. Enjoy a range of benefits, including a generous annual leave policy, flexible benefits, and a commitment to your career development.

Benefits

Annual bonus scheme

Life assurance

Matched pension contributions

25 days annual leave plus bank holidays

Wellbeing hour

Flexible benefits

Free breakfast

Paid volunteering days

Free parking

Qualifications

• Proven experience in audit coordination and risk management.
• Strong analytical skills with attention to detail.

Responsibilities

• Coordinate audits with suppliers and manage operational visits.
• Identify and escalate critical risks during audits.

Skills

Audit Coordination

Risk Management

Data Analysis

Attention to Detail

Communication Skills

Tools

VLOOKUP

Data Management Systems

Job description

Stock Funding Reconciliation and Audit Specialist

Stock Funding Reconciliation and Audit Specialist

About The Role

Are you a detail-oriented professional with a knack for managing complex operations and audits? Do you thrive in dynamic environments where your skills in risk management and coordination can shine?

As a Reconciliation and Audit Specialist in Stock Funding, you'll play a crucial role in ensuring the smooth operation and integrity of our dealer audit processes. You'll work closely with third parties, dealers, and field-based teams to coordinate audit schedules, manage operational audit visits, and oversee operations involving dual systems. Your ability to identify and escalate key risks, manage records, and ensure compliance with settlement terms will be essential in mitigating financial losses and maintaining our high standards.

Key Responsibilities

1. Audit Coordination: Schedule and manage audits with two suppliers while coordinating operational audit visits with field staff. Maintain and utilise two distinct systems to ensure seamless audit processes.
2. Risk Identification and Escalation: Identify critical risks during audits and promptly escalate them due to their significant financial implications.
3. HPI React Management: Oversee the HPI React process in stock funding, ensuring new vehicle interests are raised swiftly and accurately to prevent financial losses.
4. HPI Exceptions Process: Download HPI React data, compare it with settlement data using VLOOKUPs and data analysis, and settle vehicles according to agreed exception terms.
5. Risk Watch List Reviews: Participate in risk watch list reviews to identify dealers with potential issues and escalate audits as necessary.
6. Enhanced Audit Management: Manage audits for dealers under enhanced scrutiny, ensuring thoroughness and promptness.
7. Audit Frequency Compliance: Run reports to ensure all dealers are audited according to their scheduled frequency. Coordinate with suppliers to replace physical audits with digital ones when appropriate.
8. New Dealer Onboarding: Manage the onboarding process for new dealers, ensuring their initial training audits are completed efficiently and addressing any issues with suppliers in a timely manner.

About You

You are a proactive and organised professional with strong analytical skills and attention to detail. You have experience in audit coordination, risk management, and data analysis. You are comfortable working with multiple systems and can effectively communicate with various stakeholders. Your commitment to excellence and ability to thrive in a fast-paced environment make you an ideal fit for our team.

How you will be rewarded

Along with your salary, you also get;

• Annual bonus scheme
• Life assurance
• Matched pension contributions
• 25 days annual leave plus bank holidays and your birthday off, on us!
• A wellbeing hour to spend doing whatever makes you happy
• A wide range of flexible benefits from Cycle2Work to private healthcare
• Free breakfast, fruit, and hot drinks throughout the day
• Paid volunteering days and matched charity fundraising
• Free parking

About The Company

At Secure Trust Bank you will not be a small cog in a big wheel, you will have the autonomy to use your skills and experience to drive our business forward and have a tangible effect on our success.

As a business, we celebrate achievement and have a range of generous recognition schemes that reward both individual and team successes. We offer excellent in-house training and development schemes and a range of external qualifications to enable your progression and career development. Every member of our team has a personal development plan to help them achieve their goals, whatever their career ambitions.

Our customers are at the heart of everything we do, but we can't achieve our customer-focused strategy without the right people in our team.

At Secure Trust Bank, we know that people are our biggest investment, which is why a career with us is not just a job. It's the chance to be part of something bigger, to add real value to the Bank and help us constantly improve, in order to achieve our ambition of becoming the best bank in Britain. We believe in giving our staff autonomy, with initiative and exceptional performance recognised through a variety of individual and team awards and incentives. All our employees have a tangible impact on the Group's core values, and we are looking for candidates who are enthusiastic, proactive, and enjoy working in a fast-paced environment. So join us as we strive to Grow, Sustain and Care about the way we work.