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- Tasks: Manage Invoice Discounting reconciliations and client onboarding with a focus on accuracy.
- Company: Join a well-established financial services provider in Manchester, dedicated to supporting businesses.
- Benefits: Enjoy a competitive salary and additional perks, with opportunities for growth.
- Why this job: Be part of a dynamic team, making a real impact in the finance industry.
- Qualifications: Experience in Invoice Discounting reconciliations and knowledge of sales ledger packages is preferred.
- Other info: Ideal for numerate individuals who thrive in both team settings and independently.
The predicted salary is between 28800 - 43200 £ per year.
An excellent opportunity has arisen for a Reconciliations Controller to join an established provider of financial services to businesses in Manchester.
You will be responsible for a portfolio of Invoice Discounting Reconciliations. Duties include reconciling and balancing sales ledgers and preparing month end reconciliations, new client ledger administration and managing reserves and overdue payments.
Key Responsibilities:- Effectively manage a portfolio of Invoice Discounting customers, undertaking monthly reconciliation of the ledgers and providing a consistently high level of service.
- Take an active role in the onboarding of new clients, helping to familiarise clients with month end reconciliation processes.
- Set monthly reserves for each Invoice Discounting client, ensuring that reserves are accurate and transparent to clients while avoiding over-funding due to incorrect reserves.
- Maintain a regular contact plan for client communication and be available for client queries.
- Analyse ledgers where reconciliation is not possible and find the underlying cause/reason.
- Undertake monthly portfolio risk review of ledgers and provide detailed analysis of results to senior management.
- Proven track record of Invoice Discounting Reconciliations.
- Experience of the risks and issues that can arise in the reconciliation process.
- Thorough knowledge of all operational processes.
- Confidence to make decisions that may positively or negatively affect clients' funding levels.
- Knowledge of client sales ledger packages (e.g. Sage) and how to obtain reports from the systems.
The ideal candidate will be numerate, diligent, and have the ability to work as a member of a team and on one’s own initiative. Experience in Sales Ledger management or bookkeeping would be a distinct advantage, as would knowledge of the Invoice Finance industry.
In return, you will receive a competitive basic salary plus additional benefits.
For more information about this role or any of our vacancies, call 01625 522 774 or email jobs@m2recruit.co.uk.
Job Vacancy – Reconciliations Controller – Invoice Finance – Manchester – M2 Recruitment employer: Business Money Promotions Ltd
Contact Detail:
Business Money Promotions Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Job Vacancy – Reconciliations Controller – Invoice Finance – Manchester – M2 Recruitment
✨Tip Number 1
Familiarise yourself with the specific software and tools mentioned in the job description, such as Sage. Being able to demonstrate your proficiency with these systems during the interview can set you apart from other candidates.
✨Tip Number 2
Prepare to discuss your previous experience with Invoice Discounting Reconciliations in detail. Think of specific examples where you successfully managed client portfolios or resolved complex reconciliation issues, as this will showcase your expertise.
✨Tip Number 3
Research the company and its clients thoroughly. Understanding their business model and the challenges they face in Invoice Finance will allow you to tailor your responses and show that you're genuinely interested in contributing to their success.
✨Tip Number 4
Be ready to discuss how you handle client communication and queries. Highlight your approach to maintaining relationships and ensuring transparency, as this is crucial for the role of a Reconciliations Controller.
We think you need these skills to ace Job Vacancy – Reconciliations Controller – Invoice Finance – Manchester – M2 Recruitment
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Reconciliations Controller. Familiarise yourself with Invoice Discounting and the specific tasks mentioned in the job description.
Tailor Your CV: Highlight your relevant experience in reconciliations and financial services. Make sure to include any specific software knowledge, such as Sage, and demonstrate your ability to manage client relationships effectively.
Craft a Compelling Cover Letter: Write a cover letter that addresses why you are a great fit for this role. Mention your proven track record in Invoice Discounting Reconciliations and how your skills align with the company's needs.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A polished application reflects your attention to detail, which is crucial for a role in finance.
How to prepare for a job interview at Business Money Promotions Ltd
✨Know Your Numbers
As a Reconciliations Controller, you'll be dealing with financial data daily. Brush up on your numerical skills and be prepared to discuss your experience with Invoice Discounting Reconciliations in detail.
✨Understand the Process
Familiarise yourself with the reconciliation process and the common risks involved. Be ready to explain how you've managed these risks in previous roles, as this will demonstrate your expertise.
✨Client Communication is Key
Since maintaining client relationships is crucial, think of examples where you've successfully communicated complex information to clients. This will show your ability to provide excellent service and manage expectations.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills, especially regarding ledger discrepancies. Prepare scenarios from your past experiences where you identified issues and resolved them effectively.
