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- Tasks: Manage cash operations, reconciliations, and direct debit processing for a leading financial client.
- Company: Join a prestigious financial services firm with a focus on innovation and teamwork.
- Benefits: Competitive salary, professional development, and opportunities for automation projects.
- Other info: Great career growth potential and a collaborative team culture.
- Why this job: Make an impact in finance while enhancing your skills in a dynamic environment.
- Qualifications: Experience in financial operations and a passion for process improvement.
The predicted salary is between 30000 - 40000 £ per year.
We are working on a key operational role with a prestigious Client where you will be responsible for cash posting and allocation, reconciliations, direct debit processing, and financial controls oversight. The successful candidate will work closely with Finance and Operations teams to ensure accurate transaction processing, robust reconciliations, strong governance, and high-quality financial and operational data across the lending platform.
The role is ideally suited to someone who has gained experience within lending, leasing, asset finance, or financial services operations, and who has a strong appetite to learn, improve processes, and contribute to automation initiatives.
Key Responsibilities- Cash Operations & Transaction Processing
- Post and allocate daily cash movements from bank statements into the lending platform.
- Investigate and resolve unallocated or misapplied cash items in a timely manner.
- Monitor and clear reconciliation breaks and residual balances.
- Work closely with Finance teams to ensure cash postings align with general ledger entries and reporting outputs.
- Support month-end activities through timely completion of postings and reconciliations.
- Direct Debit & Payment Processing
- Manage the end-to-end Direct Debit collection process, including preparation and submission of DD files.
- Monitor collections and investigate failed or rejected direct debits.
- Maintain accurate records of mandates and collection schedules.
- Prepare and process weekly payment runs, ensuring appropriate approvals and controls are maintained.
- Reconciliations & Financial Controls
- Perform and review bank, transactional, ledger, and loan balance reconciliations.
- Reconcile and investigate discrepancies across multiple funds and entities.
- Ensure consistency and integrity of data across lending systems, banking records, and reporting outputs.
- Maintain robust documentation and evidence supporting reconciliations and operational controls.
- Escalate discrepancies, control breaches, or operational issues where appropriate.
- Support audit requests relating to reconciliations, controls, and cash movements.
- Reporting & Data Oversight
- Support regulatory reporting requirements.
- Review financial and operational data for completeness and accuracy.
- Process Improvement & Automation
- Identify opportunities to improve operational processes, strengthen controls, and reduce manual intervention.
- Support automation initiatives using Excel, data analysis tools, and emerging technologies including AI-enabled solutions.
- Assist with implementation of operational process enhancements and system improvements.
- Maintain up-to-date process documentation and operational procedures.
- Qualifications & Experience
- Experience within financial operations, cash operations, loan administration, finance, or accounting in a lending, leasing, private credit, or financial services environment.
- Studying towards or part-qualified in ACA, ACCA, CIMA, or AAT desirable.
- Experience processing and reconciling high volumes of financial transactions.
- Strong understanding of bank reconciliations, cash allocations, and operational controls.
- Technical Skills
- Advanced Excel skills including pivot tables, lookups, reconciliation analysis, and handling large datasets.
- Experience using lending platforms, finance systems, or banking systems.
- Comfortable working with large volumes of operational and financial data.
- Interest in automation and technology-driven process improvement, including AI-enabled solutions.
- Core Competencies
- Excellent attention to detail and strong control mindset.
- Strong analytical and problem-solving skills with the ability to investigate discrepancies and identify root causes.
- Organised and able to manage multiple priorities and deadlines.
- Proactive, process-oriented, and committed to continuous improvement.
- Strong communication and stakeholder management skills.
- Collaborative team player with a willingness to learn and develop.
Please contact us if you would like to discuss this opportunity in more detail or apply today!
Cash & Reconciliation Analyst in City of London employer: Barnes Roffe Recruitment limited
Contact Detail:
Barnes Roffe Recruitment limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cash & Reconciliation Analyst in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the financial services sector, especially those who work in cash operations or reconciliation roles. A friendly chat can lead to insider info about job openings that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you can confidently discuss bank reconciliations and cash allocations. We recommend practising common interview questions related to financial controls and process improvements to show you're the right fit.
✨Tip Number 3
Showcase your problem-solving skills! During interviews, share specific examples of how you've tackled discrepancies or improved processes in previous roles. This will demonstrate your analytical mindset and commitment to continuous improvement, which is key for this position.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive and eager to join our team. So, get your application in and let’s make it happen!
We think you need these skills to ace Cash & Reconciliation Analyst in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your background in financial operations, cash management, and any relevant qualifications like ACA or ACCA. We want to see how you fit into our world!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your experience aligns with our needs. Don’t forget to mention your interest in process improvement and automation – we love that!
Show Off Your Technical Skills: Since this role involves a lot of data handling, make sure to showcase your advanced Excel skills and any experience with lending platforms or finance systems. We’re keen on candidates who can navigate large datasets with ease!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any updates from us. Let’s get started!
How to prepare for a job interview at Barnes Roffe Recruitment limited
✨Know Your Numbers
Brush up on your financial knowledge, especially around cash operations and reconciliations. Be ready to discuss specific examples from your past experience where you successfully managed cash postings or resolved discrepancies.
✨Showcase Your Tech Savvy
Since the role involves automation and data analysis, highlight your advanced Excel skills and any experience with finance systems or lending platforms. Prepare to discuss how you've used technology to improve processes in previous roles.
✨Demonstrate Attention to Detail
This position requires a strong control mindset, so be prepared to share instances where your attention to detail made a difference. Think of examples where you caught errors or improved accuracy in financial reporting.
✨Be a Team Player
Collaboration is key in this role, so come ready to discuss how you've worked with finance and operations teams in the past. Share examples of how you’ve contributed to team goals and supported others in achieving success.