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- Tasks: Manage cash operations, reconciliations, and direct debit processing in a dynamic finance environment.
- Company: Prestigious financial services client based in the City of London.
- Benefits: Competitive salary, bonus, hybrid working, and opportunities for professional growth.
- Other info: Ideal for those studying finance or accounting with a passion for technology.
- Why this job: Join a team focused on process improvement and automation in finance.
- Qualifications: Experience in financial operations and strong analytical skills required.
The predicted salary is between 50000 - 50000 £ per year.
City of London (Hybrid – 3 days in London, 2 days from home) Circa £50,000 plus Bonus and Benefits
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 Adam Sommerville at James George Recruitment if you would like to discuss this opportunity in more detail.
Cash & Reconciliation Analyst in City of London employer: James George Recruitment Ltd
Contact Detail:
James George Recruitment Ltd 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 finance and operations sectors. Let them know you're on the lookout for a Cash & Reconciliation Analyst role. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Since this role requires advanced Excel skills and knowledge of financial operations, practice those pivot tables and reconciliation analyses. Show them you’re not just a candidate, but the candidate they need!
✨Tip Number 3
Don’t forget to showcase your problem-solving abilities! Be ready to discuss how you've tackled discrepancies or improved processes in past roles. Employers love to see candidates who can think on their feet and contribute to automation initiatives.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you land that dream job. Plus, it’s a great way to ensure your application gets seen by the right people. Let’s get you started on this exciting journey together!
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 is tailored to the Cash & Reconciliation Analyst role. Highlight your experience in financial operations and any relevant skills, like advanced Excel abilities. We want to see how you fit into our team!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. We love seeing enthusiasm and a genuine interest in process improvement.
Showcase Your Analytical Skills: Since this role involves a lot of data handling and reconciliation, make sure to showcase your analytical skills in your application. Mention specific examples where you've successfully resolved discrepancies or improved processes.
Apply Through Our Website: We encourage you to apply 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 important updates from us!
How to prepare for a job interview at James George Recruitment Ltd
✨Know Your Numbers
Brush up on your financial knowledge, especially around cash operations and reconciliations. Be ready to discuss your experience with bank reconciliations and cash allocations, as these are key aspects of the role.
✨Showcase Your Tech Skills
Make sure to highlight your advanced Excel skills and any experience with lending platforms or finance systems. Prepare examples of how you've used technology to improve processes or automate tasks in previous roles.
✨Demonstrate Problem-Solving Abilities
Be prepared to discuss specific instances where you've identified discrepancies and resolved them. Use the STAR method (Situation, Task, Action, Result) to structure your answers and showcase your analytical skills.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's approach to process improvement and automation initiatives. This shows your interest in the role and your proactive mindset towards continuous improvement.