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- Tasks: Manage financial data accuracy and reconciliation for student loans.
- Company: Join a prestigious London-based university committed to student success.
- Benefits: Enjoy a collaborative work environment with opportunities for professional growth.
- Why this job: Make a real impact on students' financial journeys while developing your analytical skills.
- Qualifications: Experience with data management, invoicing, and advanced Excel skills required.
- Other info: Ideal for those passionate about finance in the education sector.
The predicted salary is between 36000 - 60000 £ per year.
We’re supporting a London based University to recruit an Income and Reconciliation Officer. The role is responsible for the accuracy and integrity of the Student Loan Company (SLC) and Student Award Agency Scotland (SAAS) financial data of the university, undertaking tasks relating to the invoicing, collection, reconciliation, and maintenance of the SLC/SAAS income. Job duties: Manage attendance and ledger reconciliations with SLC/SAAS, addressing discrepancies and minimising overdue payments or debts Manage weekly remittances, unallocated payments, and invoice resolutions, ensuring compliance with processes and timely follow-up Prepare regular and month-end reports, providing detailed explanations of financial movements Reconcile student assessments with records, liaising with relevant teams to resolve issues Develop expertise in SLC/SAAS procedures to provide effective advice and support Experience required: Demonstrable experience in managing and manipulating large volumes of data, providing accurate analysis Ability to summarise and explain complex financial matters to both finance and non-finance staff, including external stakeholders and auditors Experience of invoicing & collections in a consumer and business customer environment Advanced Excel skills Experience working in the Higher Education sector is highly desirable…
Income and Reconciliation Officer employer: Venn Group
Contact Detail:
Venn Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Income and Reconciliation Officer
✨Tip Number 1
Familiarize yourself with the Student Loan Company (SLC) and Student Award Agency Scotland (SAAS) processes. Understanding their procedures will not only help you in the role but also show us that you're proactive and knowledgeable during the interview.
✨Tip Number 2
Brush up on your Excel skills, especially advanced functions like VLOOKUP, pivot tables, and data analysis tools. Being able to demonstrate your proficiency in handling large datasets will set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your experience with invoicing and collections in detail. Be ready to share specific examples of how you've managed discrepancies and resolved issues in previous roles, as this will highlight your problem-solving abilities.
✨Tip Number 4
Network with professionals in the Higher Education sector. Engaging with others in the field can provide insights into the role and may even lead to valuable connections that could help you land the job.
We think you need these skills to ace Income and Reconciliation Officer
Some tips for your application 🫡
Understand the Role: Take the time to thoroughly read the job description for the Income and Reconciliation Officer position. Make sure you understand the key responsibilities, such as managing financial data and reconciling accounts, as this will help you tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience with financial data management, invoicing, and collections. Provide specific examples of how you've successfully handled large volumes of data and reconciled discrepancies in previous roles.
Showcase Your Skills: Make sure to mention your advanced Excel skills and any experience you have in the Higher Education sector. This is particularly relevant for the role and will demonstrate your capability to handle the tasks required.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you are a great fit for the Income and Reconciliation Officer position. Discuss your ability to communicate complex financial matters clearly and your commitment to accuracy and integrity in financial reporting.
How to prepare for a job interview at Venn Group
✨Show Your Data Management Skills
Be prepared to discuss your experience with managing and manipulating large volumes of data. Highlight specific examples where you provided accurate analysis, as this is crucial for the role.
✨Explain Financial Concepts Clearly
Practice summarizing complex financial matters in a way that both finance and non-finance staff can understand. This will demonstrate your ability to communicate effectively with various stakeholders.
✨Familiarize Yourself with SLC/SAAS Procedures
Research the Student Loan Company and Student Award Agency Scotland procedures. Showing that you have a solid understanding of these processes will set you apart from other candidates.
✨Prepare for Scenario-Based Questions
Expect questions about how you would handle discrepancies or overdue payments. Think through potential scenarios and how you would resolve them, as practical problem-solving skills are key for this position.
