At a Glance
- Tasks: Reconcile bank accounts and resolve discrepancies to ensure financial accuracy.
- Company: Join a leading overseas banking institution with a focus on integrity and control.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity for growth in an international banking environment.
- Why this job: Make a real impact by ensuring the accuracy of financial records in a global setting.
- Qualifications: Experience in cash reconciliations and strong analytical skills required.
The predicted salary is between 30000 - 40000 £ per year.
An overseas banking institution is seeking a diligent and detail-oriented Cash Reconciliations Officer to join the Operations team. The successful candidate will be responsible for the timely and accurate reconciliation of bank accounts, nostro accounts, suspense accounts, and other general ledger balances, ensuring the integrity of the Bank's financial records and supporting a strong control environment. This role is ideally suited to an individual with previous banking operations experience who enjoys investigating discrepancies, resolving outstanding items, and maintaining high standards of accuracy.
Key Responsibilities- Perform daily, weekly, and monthly reconciliations of bank, nostro, suspense, and other general ledger accounts.
- Investigate and resolve reconciliation breaks and unreconciled items in a timely manner.
- Liaise with internal departments, correspondent banks, custodians, and external counterparties to resolve outstanding issues.
- Monitor aged items and ensure prompt escalation and resolution where required.
- Post and verify accounting entries and adjustments relating to reconciliation activities.
- Ensure all reconciliations are completed in accordance with internal policies, procedures, and regulatory requirements.
- Maintain comprehensive supporting documentation and audit trails.
- Assist with month-end, quarter-end, and year-end reporting requirements.
- Contribute to process improvement initiatives and the enhancement of reconciliation controls and procedures.
- Support internal and external audit requests relating to reconciliations and account substantiation.
- Previous experience in cash reconciliations, finance operations, banking operations, or a similar role within a financial institution.
- Strong understanding of bank account, nostro account, suspense account, and general ledger reconciliations.
- Knowledge of banking products, payment processes, and accounting principles.
- Experience investigating and resolving reconciliation exceptions and breaks.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and commitment to accuracy.
- Good communication skills with the ability to work effectively across multiple departments.
- Proficiency in Microsoft Excel and reconciliation or core banking systems.
- Ability to prioritise workload and meet deadlines in a controlled environment.
- Experience working within an international, private, or offshore banking environment.
- Knowledge of SWIFT payments and correspondent banking relationships.
- Accounting qualification or relevant banking operations certification.
Cash Reconciliations Officer employer: MW recruitment
As an international bank with a robust presence in global financial markets, we pride ourselves on fostering a dynamic and inclusive work culture in London. Our employees benefit from comprehensive training and development opportunities, ensuring continuous professional growth while working alongside industry experts. With a commitment to innovation and excellence, we offer a rewarding environment where your contributions directly impact our success in the fast-paced world of treasury operations.
