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- Tasks: Support financial processes like contributions collection and benefits payments.
- Company: Join a dynamic team focused on impactful financial operations.
- Benefits: Enjoy a collaborative environment with opportunities for growth and development.
- Why this job: Make a real impact while honing your finance skills in a supportive setting.
- Qualifications: Experience in financial transactions, bookkeeping, and proficiency in Excel required.
- Other info: Ideal for detail-oriented individuals eager to learn and contribute.
The predicted salary is between 28800 - 43200 £ per year.
Are you passionate about finance and looking to make an impact?
Our client is looking for a dedicated and detail-oriented Finance Administratorto support key financial processes, including contributions collection and benefits payments. This is an exciting opportunity for someone with a sharp eye for detail and a desire to develop within a collaborative and supportive environment.
As a Finance Administrator, you’ll play an essential role in the smooth day-to-day running of financial operations.
Duties of Financial Administrator
- Managing the day-to-day contributions collection process, including monitoring clearance accounts to ensure timely investigation and resolution of outstanding items.
- Accurately setting up ad hoc payments and account transfers in the banking system for approval.
- Providing reporting and resolving queries related to receipts for both internal and external stakeholders.
- Controlling benefit payments, ensuring all allocations are accurate at both the scheme and individual levels.
- Producing cash management data to identify shortfalls and initiating disinvestment requests when necessary.
- Assisting with the preparation of financial reports, scheme accounts, and related finance tasks.
- Supporting month-end processes, including preparing accruals and balance sheet reconciliations.
- Contributing to wider team activities and finance-related projects as needed.
Essential:
- Experience in processing financial transactions and general ledger accounting.
- Background in bookkeeping, including bank reconciliations and transactional accounting
- A high level of accuracy and attention to detail, with the ability to spot and resolve discrepancies.
- Proficiency in using Excel for financial tasks and reporting.
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Finance Administrator employer: IPS Group Ltd
Contact Detail:
IPS Group Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Finance Administrator
✨Tip Number 1
Familiarise yourself with financial software and tools commonly used in finance administration. Being proficient in these systems can give you an edge during the interview process, as it shows your readiness to hit the ground running.
✨Tip Number 2
Brush up on your Excel skills, especially functions related to financial reporting and data analysis. Demonstrating your ability to manipulate and present financial data effectively can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss specific examples of how you've handled financial discrepancies or challenges in the past. This will showcase your problem-solving skills and attention to detail, which are crucial for a Finance Administrator role.
✨Tip Number 4
Network with professionals in the finance sector, either through LinkedIn or local finance events. Building connections can provide valuable insights into the role and may even lead to referrals, increasing your chances of landing the job.
We think you need these skills to ace Finance Administrator
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in finance administration, bookkeeping, and financial transactions. Use specific examples that demonstrate your attention to detail and proficiency in Excel.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for finance and your desire to contribute to the company's success. Mention how your skills align with the responsibilities of the Finance Administrator role.
Highlight Relevant Skills: In your application, emphasise your experience with general ledger accounting, bank reconciliations, and any financial reporting you've done. Be specific about your achievements and how they relate to the job description.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial for a Finance Administrator.
How to prepare for a job interview at IPS Group Ltd
✨Showcase Your Attention to Detail
As a Finance Administrator, accuracy is key. Be prepared to discuss specific examples from your past experiences where your attention to detail made a significant impact on financial processes or reporting.
✨Demonstrate Your Financial Knowledge
Brush up on your understanding of financial transactions, general ledger accounting, and bookkeeping principles. Be ready to answer questions about these topics and how they relate to the role you're applying for.
✨Familiarise Yourself with Excel
Since proficiency in Excel is essential for this position, make sure you can confidently discuss your experience with it. Consider preparing to demonstrate your skills or share examples of how you've used Excel for financial tasks in the past.
✨Prepare for Scenario-Based Questions
Expect to face scenario-based questions that assess your problem-solving abilities. Think about potential challenges you might encounter in the role and how you would approach resolving them, especially regarding contributions collection and benefit payments.
