Reconciliations Team Leader Life & Pensions

Reconciliations Team Leader Life & Pensions

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead a team of analysts in financial reconciliations and ensure compliance.
  • Company: Join a dynamic finance operations team within a global company.
  • Benefits: Enjoy 33 days off, bonuses, and perks like discounted shopping.
  • Why this job: Grow your leadership skills while making a real impact in finance.
  • Qualifications: 4+ years in financial services with strong analytical and communication skills.
  • Other info: Support for personal development and wellbeing initiatives available.

The predicted salary is between 36000 - 60000 £ per year.

Overview

We’re looking for a Reconciliations Team Leader to join the Finance Operations function, ensuring the accuracy and integrity of financial records across our Life & Pensions portfolio. You’ll lead a team of five analysts, overseeing daily reconciliations, discrepancy resolution, and month-end processes, while maintaining strong controls and compliance with regulatory standards.

Please note, as this is a people leadership role the successful applicant will be supported to succeed in their new role through enrolment in the appropriate level of our Diligenta Leadership \’Step\’ Pathway (subject to eligibility criteria), designed to drive quality and consistency across the organisation.

Responsibilities

  • Lead and manage a team of 5 Reconciliation Analysts/Senior Analysts working on BaNCS.
  • Plan team capacity and allocate tasks to meet SLAs and control timelines.
  • Act as the escalation point for complex reconciliation issues, ensuring timely resolution.
  • Oversee completion of daily, weekly, and monthly control activities and reports.
  • Conduct quality checks and provide feedback to maintain accuracy and compliance.
  • Develop team capability with structured training plans and accurate procedural documentation.
  • Support audit readiness and ensure effective action plans are implemented where needed.
  • Contribute to process improvement initiatives, driving efficiency and best practice.
  • Demonstrate a strong understanding of reconciliation processes, including attestations to the ledger.

Qualifications

  • Strong analytical thinking with advanced MS Excel skills.
  • Confident communicator, comfortable dealing with senior stakeholders.
  • High attention to detail and sound decision-making under pressure.
  • Strong understanding of finance operations and Life & Pensions processes.
  • 4+ years’ experience in financial services.
  • Solid knowledge of reconciliations and ledger-related controls; BaNCS experience is advantageous.
  • Understanding of financial regulations and control standards.

Benefits

  • 33 days including Bank Holidays.
  • Eligibility for an annual discretionary bonus scheme.
  • Personal and career development opportunities to progress your aspirations within the company as well as through our global parent company (Tata Consultancy Services).
  • Access to Perks at Work (an online discounted shopping platform) saving you money on a wide range of goods and services, including your weekly food shop, holidays and electrical goods.
  • Cycle to Work Scheme & Interest free Season Ticket loans.
  • A companywide Wellbeing programme, including an Employee Assistance Programme and other benefits/resources to support your mental/physical and financial wellbeing.
  • A comprehensive set of Moments that Matter policies, such as Carer’s Leave, Foster Leave and Retirement Leave.
  • A contributory company pension scheme where we match your contributions up to 6%, Group Life Assurance (\’Death in Service\’) & Group Income Protection.
  • Apply to find out about our other benefits.

If you need any help or adjustments for any stage within the recruitment process due to health, disability, or any other reason, please let us know.

Ready to take the next step in your career? Apply today and become part of our innovative team!

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Reconciliations Team Leader Life & Pensions employer: Diligenta - a subsidiary of Tata Consultancy Services

At Diligenta, we pride ourselves on being an exceptional employer, offering a supportive work culture that prioritises employee growth and development. As a Reconciliations Team Leader in our Finance Operations function, you will benefit from structured training pathways, a comprehensive wellbeing programme, and a generous leave policy, all while leading a dedicated team in a dynamic environment. Join us to make a meaningful impact in the Life & Pensions sector and enjoy the unique advantages of working within a global organisation like Tata Consultancy Services.
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Contact Detail:

Diligenta - a subsidiary of Tata Consultancy Services Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Reconciliations Team Leader Life & Pensions

✨Tip Number 1

Familiarise yourself with BaNCS, as it's specifically mentioned in the job description. Understanding its functionalities and how it integrates with reconciliation processes will give you a significant edge during interviews.

✨Tip Number 2

Brush up on your knowledge of financial regulations and control standards. Being able to discuss these confidently will demonstrate your expertise and readiness for the role, especially when dealing with senior stakeholders.

✨Tip Number 3

Prepare examples of how you've led teams in the past, particularly in resolving complex reconciliation issues. Highlighting your leadership experience will show that you're capable of managing the team effectively.

✨Tip Number 4

Think about process improvement initiatives you've implemented before. Be ready to discuss how you can contribute to driving efficiency and best practices within the team, as this is a key responsibility of the role.

We think you need these skills to ace Reconciliations Team Leader Life & Pensions

Leadership Skills
Analytical Thinking
Advanced MS Excel Skills
Attention to Detail
Decision-Making Under Pressure
Communication Skills
Stakeholder Management
Reconciliation Processes Knowledge
Financial Regulations Understanding
Process Improvement
Team Management
Audit Readiness
Training and Development
Time Management

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in financial services, particularly in reconciliations and team leadership. Use specific examples that demonstrate your analytical skills and attention to detail.

Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your experience with BaNCS and how you have successfully led teams in the past, focusing on your ability to resolve complex issues and drive process improvements.

Highlight Leadership Skills: Since this is a people leadership role, emphasise your leadership style and any relevant training or development you've undertaken. Discuss how you plan to develop your team's capabilities and maintain compliance with regulatory standards.

Showcase Communication Skills: Demonstrate your confident communication skills by providing examples of how you've effectively interacted with senior stakeholders. This could include instances where you've presented reports or led discussions on reconciliation processes.

How to prepare for a job interview at Diligenta - a subsidiary of Tata Consultancy Services

✨Showcase Your Leadership Skills

As a Reconciliations Team Leader, you'll be managing a team of analysts. Be prepared to discuss your leadership style and provide examples of how you've successfully led teams in the past, particularly in high-pressure situations.

✨Demonstrate Your Analytical Expertise

Highlight your strong analytical thinking and advanced MS Excel skills during the interview. Be ready to discuss specific reconciliation processes you've managed and how you ensured accuracy and compliance in financial records.

✨Prepare for Stakeholder Engagement

Since this role involves dealing with senior stakeholders, practice articulating complex financial concepts clearly and confidently. Think of examples where you've effectively communicated with stakeholders to resolve issues or improve processes.

✨Emphasise Process Improvement Initiatives

The company values efficiency and best practices. Be prepared to share any experiences where you've contributed to process improvements in your previous roles, especially in finance operations or reconciliations.

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