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- Tasks: Join us as a Reconciliation Analyst, ensuring daily tasks are completed accurately and on time.
- Company: Pontoon is an employment consultancy dedicated to enhancing workplace diversity and inclusion.
- Benefits: Enjoy a collaborative work environment with opportunities for personal growth and development.
- Why this job: Be part of a dynamic team that values your input and fosters innovation in financial processes.
- Qualifications: Reconciliation experience is essential; strong analytical skills and attention to detail are a must.
- Other info: This role is based in London and is initially contracted until 31/03/2026.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
Reconciliation Analyst – Cash/Nostro
London
Until 31/03/2026 initially
One of our large financial clients is currently looking for a reconciliation analyst
- Plays a key role to ensure BAU and other daily team tasks are completed accurately, on time and to the expected standards in accordance with operational procedures and controls.
- Escalates issues and challenges, reports routinely and updates team leader promptly.
- Proactively reviews and maintains desktop procedures relating to day to day processes. Makes regular suggestions to improve and enhance operational process flows.
- Makes suggestions based on analysis and evidence and explores ways to improve efficiency within the remit of their role.
- Reconcile the Bank's general ledger to the various sub-ledger systems on a daily basis and investigate any differences for all EMEA Offices.
- Reconcile the EMEA Offices Wash accounts to ensure that all accounts are nil on a daily basis, escalating breaks for clearance.
- Monitor the EMEA Offices bank and customer Contingent Liabilities on a daily basis and investigate any differences.
- Reconcile the Bank's Nostro accounts for EMEA Offices, ensure detailed information is received for all unmatched items and updated in the reconciliation database/tool.
- Liaise with OAD Sections across EMEA to ensure unmatched Nostro items are cleared in a timely manner.
- Reconcile Interest and Charges across all EMEA Nostro accounts.
- Investigate and secure clearance of exceptions (breaks), identified through reconciliation of Nostro accounts.
- Process interest claims on Investigations, ensuring delayed payment received or value correction at lowest cost to the Bank or Customer.
- Support team members to ensure all allocated work is completed in a timely manner with high standards and controls being maintained.
- To reconcile the 5 sub-ledgers to GL to ensure the GL balances are fully substantiated by the corresponding sub ledger balances. It is an important measure to ensure the integrity of the GL balances.
Proactively follows compliance procedures and completes tasks accurately and promptly. Attends compliance training and integrates learning and requirements into the day to day delivery of tasks, demonstrating an understanding of applicable risks and controls.
Skills
- Reconciliation experience, Nostro reconciliation, (Cash reconciliation)
- Stock reconciliation could be beneficial (Desirable)
- Self motivated, well organised, energetic, flexible and collaborative.
- Excellent communication skills, both written and verbal, with the ability to deal effectively at all levels.
- Excellent analytical and problem solving skills.
- Excellent attention to detail.
- Excellent risk awareness.
Pontoon is an employment consultancy. We put expertise, energy, and enthusiasm into improving everyone's chance of being part of the workplace. We respect and appreciate people of all ethnicities, generations, religious beliefs, sexual orientations, gender identities, and more. We do this by showcasing their talents, skills, and unique experience in an inclusive environment that helps them thrive.
Reconciliation Analyst - Cash/Nostro employer: Pontoon
Contact Detail:
Pontoon Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Reconciliation Analyst - Cash/Nostro
✨Tip Number 1
Familiarise yourself with the specific reconciliation processes and tools used in the financial sector, particularly those related to Nostro accounts. This knowledge will not only help you understand the role better but also demonstrate your commitment and readiness to hit the ground running.
✨Tip Number 2
Network with professionals already working in reconciliation roles or within the financial industry. Engaging with them on platforms like LinkedIn can provide insights into the day-to-day responsibilities and challenges, which can be invaluable during interviews.
✨Tip Number 3
Brush up on your analytical and problem-solving skills, as these are crucial for a Reconciliation Analyst. Consider taking online courses or workshops that focus on data analysis and financial reconciliation to enhance your skill set.
✨Tip Number 4
Prepare to discuss your previous experiences with reconciliation tasks, especially any instances where you improved processes or resolved discrepancies. Having concrete examples ready will showcase your ability to contribute positively to our team at StudySmarter.
We think you need these skills to ace Reconciliation Analyst - Cash/Nostro
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant reconciliation experience, particularly in cash and Nostro reconciliation. Use specific examples that demonstrate your analytical skills and attention to detail.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with the job description, especially your ability to investigate discrepancies and improve operational processes.
Showcase Communication Skills: Since excellent communication is key for this role, provide examples in your application of how you've effectively communicated with team members or stakeholders in previous positions.
Highlight Compliance Awareness: Demonstrate your understanding of compliance procedures and risk awareness in your application. Mention any relevant training or experiences that showcase your commitment to maintaining high standards and controls.
How to prepare for a job interview at Pontoon
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Reconciliation Analyst, especially in cash and Nostro reconciliation. Familiarise yourself with the daily tasks mentioned in the job description, such as reconciling general ledgers and investigating discrepancies.
✨Showcase Your Analytical Skills
Prepare to discuss your analytical and problem-solving skills. Be ready to provide examples of how you've successfully identified and resolved discrepancies in previous roles, as this is crucial for the position.
✨Demonstrate Attention to Detail
Highlight your attention to detail during the interview. You might be asked about specific processes or past experiences where your meticulousness made a difference, so have those examples ready.
✨Communicate Effectively
Since excellent communication skills are essential for this role, practice articulating your thoughts clearly. Be prepared to explain complex concepts simply, as you may need to liaise with various teams across EMEA.
