Portfolio Operations Manager

Portfolio Operations Manager Oldham£40k-£50k (Hybrid working)The Role Working in conjunction with the Finance Dept. of an asset finance leasing company, managing a small department, which will be responsible for processing and controlling the daily transactions for the main asset finance/loan portfolio of the Company.Responsibilities Department Management This is a new role managing a newly created department, which will include three employees who currently work in the finance and new business departmentsManage the employees daily, including setting objectives, managing workloads, periodic staff reviews and annual pay review processesEstablishing processes and procedures for the new department, working in conjunction with the finance departmentDevelop processes to manage the portfolioControl Processing of the following areas 1. New Business Inception Manage daily payout process for the completion of new deals, including review and approval of documentation at the time of payoutCompletion of booking of new deals into the portfolio systemProcessing all portfolio purchase invoices into the portfolio system and Sage ledgers, including Accounts Payable processing2. Regular Portfolio Transactions during the lifetime of finance contracts Processing AUDDIS and direct debit collections into the portfolio system and BACSProcessing allocation of bank payments to relevant contracts in the portfolio systemProcessing allocation of bank receipts in the portfolio systemProcessing all areas of insurance product on asset portfolioLoading bad debt movements to the portfolio systemLoading legal fees to the portfolio systemProcessing secondary shares and split income3. End of Lease and Early Terminations Transactions Processing contract terminations / unwinds / write-offs to the portfolio systemAssisting with the interaction of Portfolio Transactions with the Sage Accounts PackageDepartmental Tasks Monitor and respond to emails sent to the departmental inboxAnswer incoming Telephone callsProvide departmental cover for other staff during busy periods, sickness or holidays as required, including: Portfolio management tasksProcessing accounting transactions

Oversee system enhancement, development and testing as and when requiredExperience Previous experience working in a similar role with management / supervisory experience is essentialPrevious experience in a processing department with significant transaction volume throughput, with varied transaction typesAccounting knowledge – some accounting knowledge/experience is desirableExperience in / knowledge of the leasing industry (ideally) or the finance sector in general would be preferredExperience with Sage is preferable but not essentialGood background education with a minimum of GCSE grade 6 or above (or equivalent) in Maths and English

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