At a Glance
- Tasks: Perform daily reconciliations and resolve discrepancies in client transactions.
- Company: Exciting London-based FinTech company with growth potential.
- Benefits: Gain valuable experience in finance and enhance your skills.
- Other info: Temporary contract with opportunities for professional development.
- Why this job: Join a dynamic team and make an impact in the financial sector.
- Qualifications: Motivated individuals with an interest in payments and back-office operations.
The predicted salary is between 35000 - 45000 £ per year.
We are 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.
Reconciliations Analyst employer: EA First
This London-based FinTech company is an excellent employer, offering a dynamic work culture that fosters innovation and collaboration. Employees benefit from a supportive environment with opportunities for professional growth and development, as well as the chance to work on cutting-edge financial technologies. With a focus on employee well-being and a commitment to enhancing skills, this company stands out as a rewarding place to build a career in the financial sector.
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 in reconciliations or back-office operations. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of banking platforms and reconciliation processes. We want you to feel confident discussing how you’d handle discrepancies and manage suspense accounts. Practice makes perfect!
✨Tip Number 3
Showcase your problem-solving skills! During interviews, be ready to share examples of how you've tackled issues in past roles. This will demonstrate your ability to investigate and resolve discrepancies effectively.
✨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 engaged with our company.
We think you need these skills to ace Reconciliations Analyst
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reconciliations Analyst role. Highlight any relevant experience in payments or back-office operations, and don’t forget to mention your skills in handling discrepancies and reconciliations.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to express your keen interest in the financial sector and how your background makes you a great fit for this role. Be sure to mention why you’re excited about working with us at StudySmarter.
Showcase Your Attention to Detail:As a Reconciliations Analyst, attention to detail is key. In your application, provide examples of how you've successfully managed discrepancies or reconciled accounts in the past. This will show us you’ve got what it takes!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team.
How to prepare for a job interview at EA First
✨Know Your Numbers
As a Reconciliations Analyst, you'll be dealing with a lot of figures. Brush up on your numerical skills and be prepared to discuss how you've handled reconciliations in the past. Bring examples of how you’ve resolved discrepancies or improved processes.
✨Understand the FinTech Landscape
Familiarise yourself with the latest trends in the FinTech sector, especially around payments and back-office operations. This will show your genuine interest in the field and help you connect your experience to the company's needs during the interview.
✨Prepare for Scenario Questions
Expect questions that ask you to solve hypothetical reconciliation issues. Practice articulating your thought process clearly and logically. Use the STAR method (Situation, Task, Action, Result) to structure your answers effectively.
✨Show Your Team Spirit
Collaboration is key in this role. Be ready to share examples of how you've worked with internal teams or external partners to resolve issues. Highlight your communication skills and how you ensure everyone is on the same page during reconciliations.
