About This Role

Summary of the role

The Financial Control & Reconciliation Utility is responsible for ensuring the accuracy and integrity of financial records and transactions within our client's organisation. The primary goal of this function is to process payments, receipts and distributions as well as identify and resolve any discrepancies or errors in financial records. This is important for maintaining the reliability of financial information, facilitating proper financial reporting, and ensuring compliance with regulatory requirements.

What you'll be doing

• Complete bank account reconciliations, perform daily matching of outstanding entries and complete daily banking journals. Prepare Bank Statements ready for the Cash Management Team and complete the daily workbook for Bank Statements and Balances Report. (Legacy & BaNCS).
• Perform the daily Control Account Reconciliations to ensure all the Control Account balances are correct, any discrepancies have been identified and allocated, and that investigations to resolve are being dealt with promptly. (Legacy & BaNCS).
• Download the Financial Reports and perform reconciliations to the Ledger. Ensure any differences are promptly identified, investigated and resolved within the agreed SLAs. (Legacy & BaNCS).
• Perform the Daily Systems Checks to ensure that the Trial Balance matches, journals raised have been approved and that the batch jobs are successfully run, ready for the daily work to commence.
• Support the delivery of the Monthly Ledger Close and Year-End Close. (Legacy & BaNCS).
• Prepare and input manual journals where required. (Legacy & BaNCS).
• Perform the Operational Loss processes ensuring all losses are properly investigated and reported appropriately within the Client books and records. (Legacy & BaNCS).
• Download and review all the required tax reconciliations. Once approved request the payment to the HMRC and ensure the correct value is paid on a timely basis. (Legacy & BaNCS).
• Download and review Reassurance Reports, calculate premiums and claims settlement, send the reports and request payments to the Reassurers. Complete further reconciliations to ensure that the premiums and claims are settled correctly. (Legacy & BaNCS).
• Comply to all daily and monthly deadlines and that all reconciliations performed are compliant with Client Standards and the Controls Framework. (Legacy & BaNCS).
• Monitor the reconciliations responsible for to ensure that they are within the Effective Level of Control (ELOC) and take action to resolve any items falling outside of ELOC.
• Ensure all tasks and activities performed adhere to the Consumer Duty regulations.

What we're looking for

• Advanced in MS Excel and Word.
• A systematic, disciplined and analytical approach to problem solving, supported by strong interpersonal skills.
• Ability to apply different techniques to resolve issues.
• Use clear and effective verbal, written and presentation skills, demonstrating the ability to communicate at senior levels within the team and the wider teams.
• Ability to self-manage, work effectively under pressure and manage to tight deadlines.
• Strong attention to detail, good fact-finding skills and ability to make evaluative judgments based on both quantitative and qualitative information.
• Knowledge of financial services (Life & Pension) processes and regulations.
• 2+ years' experience of working within a finance role within Financial Services.

The hiring manager to contact is: Lilian Faulkner Email: lilian.faulkner@diligenta.co.uk

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