Reconciliation Clerk

Recruiter
Recruitment Genius
Location
Hertfordshire
Salary
Competitive
Posted
04 Oct 2016
Closes
20 Oct 2016
Sectors
Retail
Contract Type
Permanent
Hours
Full Time
This third party administrator based in St Albans is looking for a Reconciliation Clerk to provide a full reconciliation service to the Finance department.

You will have 2 year's experience of working within a reconciliation team.

Intermediate knowledge of excel

Principal Job Objectives
- Download daily account balances using online banking machines and print.
- Perform daily bank reconciliations of a number of non- tranche and tranche product accounts, raise cheques, initiate transfers and ensure that the accounts do not go overdrawn.
- Investigating and seeing through to a successful resolution, any reconciling differences as and when they occur, ensuring any issues are resolved in a timely and efficient manner.
- Liaising with other departments, ensuring the correct procedures are carried out following any returned cheques or rejected DD / BACS payments.
- Cheque writing to cover all client money accounts both manual and automated printing.
- Monitor cheque payments for uncleared items and re-issue those over 6 months old.
- Build relationships with IT, Investment Management and Maturities colleagues to ensure all strike issues/discrepancies are resolved in a timely and efficient manner.
- Monitoring of bounced cheques advising Investment Admin team to contact customer for replacement funds.
- Monitor cheque payments for un-cleared items and re-issue those items over 6 months old.
- Input daily transfers and payments on to relevant internet banking system eg. Bankline, Lloyds and HSBC.net.
- Provide back-up support to the cashier function including the preparation of banking for all client money accounts and taking the banking to High Street banks
- Carry out sufficient training in order to provide cover for the role.
- Produce management information, as determined by direct line manager, on a daily, weekly and monthly basis for the department & an external client
- Ad hoc monthly processes to support the work of the Finance department
- Attend and contribute to team meetings as required.
- Ensure high levels of flexibility within the company as and when is needed.
- Understanding of client money regulations, client service standards, money laundering and data protection regulations.
- Achieve and exceed challenging yet achievable objectives as agreed in the appraisal process.
- Follow departmental procedures and practices to provide clients with an excellent level of customer service at all times and in line with client service standards.
- Understanding of client money regulations, client service standards and money laundering.
- Report on breach of client money regulations to their Compliance Manager.
- Support and work in accordance with ISO27001 and TCF policies and procedures.
- As a member of the Security Awareness Committee, attendance is required at monthly meetings to discuss any breaches/issues of the ISMS policy and to cascade any information discussed to the rest of the company.

Experience in Financial Services desirable.

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