At a Glance
- Tasks: Perform daily reconciliations and resolve discrepancies in client transactions.
- Company: Growing London-based FinTech company with a dynamic work culture.
- Benefits: Competitive hourly rate, hybrid working, and valuable experience in finance.
- Other info: Opportunity for career growth and collaboration with diverse teams.
- Why this job: Join a fast-paced environment and enhance your skills in financial operations.
- Qualifications: Experience in financial operations and strong Excel skills required.
The predicted salary is between 30000 - 40000 £ per year.
We're pleased to be recruiting for a Reconciliations Analyst, on a 3-month temporary contract for this growing London-based FinTech company. We are looking for a highly motivated individual with a keen interest in payments or back-office operations within the financial sector.
Key tasks in this varied role include:
- Perform daily operational reconciliations of client deposits, withdrawals, and transfers across multiple banking platforms.
- Investigate and resolve discrepancies in client transaction records.
- Ensure timely and accurate matching of client instructions with bank confirmations.
- Liaise with partner banks to reconcile accounts and ensure alignment with internal records.
- Monitor and report on reconciliation status across all banking partners.
- Support the onboarding of new banking partners.
- Monitor and manage suspense accounts, ensuring unallocated funds are identified and resolved promptly.
- Collaborate with internal teams to trace and allocate unidentified transactions.
- Maintain audit trails and documentation for all suspense account activities.
- Contribute to the enhancement of reconciliation processes and embed new frameworks/processes.
- Support internal and external audits with relevant documentation and analysis.
Skills & Experience
- Proven experience in financial operations, preferably within a fintech or banking environment.
- Strong understanding of reconciliation processes and banking operations.
- Proficiency in Excel and financial systems; experience with reconciliation tools is a plus.
- Excellent communication skills and ability to work collaboratively across teams.
- High level of accuracy, organisation, and problem-solving ability.
Location: London (near Liverpool Street)
Hybrid working: Tuesday-Thursday in the office
Hours: Monday-Friday - Full time
Hourly rate: Competitive
Duration: 3 months
Reconciliations Analyst employer: EA First Compass House
This London-based FinTech company offers a dynamic and supportive work environment, ideal for those looking to grow their careers in financial operations. With a strong emphasis on collaboration and innovation, employees benefit from hybrid working arrangements and opportunities to enhance their skills in a rapidly evolving sector. The company's commitment to employee development and a culture of teamwork makes it an excellent choice for motivated individuals seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Reconciliations Analyst
✨Tip Number 1
Network like a pro! Reach out to people in the fintech space, especially those who work at companies you're interested in. A friendly chat can open doors and give you insider info on job openings.
✨Tip Number 2
Prepare for interviews by brushing up on your reconciliation knowledge. Be ready to discuss your experience with financial operations and how you've tackled discrepancies in the past. We want to see your problem-solving skills in action!
✨Tip Number 3
Show off your Excel skills! If you’ve got experience with financial systems or reconciliation tools, make sure to highlight that during interviews. We love candidates who can demonstrate their technical prowess.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we’re always looking for motivated individuals who are keen to join our team.
We think you need these skills to ace Reconciliations Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in financial operations and reconciliation processes. We want to see how your skills align with the role, so don’t be shy about showcasing your relevant achievements!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to express your keen interest in payments and back-office operations. Let us know why you’re excited about this opportunity and how you can contribute to our team.
Showcase Your Skills:Don’t forget to mention your proficiency in Excel and any experience with reconciliation tools. We love seeing candidates who are tech-savvy and can hit the ground running, so highlight those skills!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at EA First Compass House
✨Know Your Reconciliation Processes
Before the interview, brush up on your understanding of reconciliation processes and banking operations. Be ready to discuss specific examples from your past experience where you successfully managed discrepancies or reconciled accounts.
✨Excel Skills Are Key
Since proficiency in Excel is crucial for this role, make sure you can demonstrate your skills. Prepare to talk about how you've used Excel in previous roles, especially in relation to financial systems and reconciliation tools.
✨Show Your Problem-Solving Ability
Be prepared to share examples of how you've tackled complex problems in financial operations. Think of a time when you identified an unallocated fund or resolved a discrepancy, and explain your thought process and the outcome.
✨Communicate Effectively
Strong communication skills are essential for liaising with partner banks and collaborating with internal teams. Practice articulating your thoughts clearly and confidently, and be ready to discuss how you’ve worked with others to achieve common goals.
