Reconciliation Clerk
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.
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.