At a Glance
- Tasks: Manage daily bank reconciliations and ensure accurate financial reporting.
- Company: Join a leading UK consultancy in the pensions and insurance sectors.
- Benefits: Enjoy competitive salary, bonus, 25 days holiday, and flexible benefits.
- Other info: Participate in volunteering events and enjoy a supportive work environment.
- Why this job: Make a real impact in a dynamic, inclusive workplace with growth opportunities.
- Qualifications: Strong Excel skills and a knack for teamwork and client relations.
The predicted salary is between 30000 - 40000 € per year.
About XPS Group
XPS Group is a prominent UK consultancy and administration firm within the pensions and insurance sectors. As a FTSE 250 company with over 2000 employees, we leverage expertise alongside advanced technology to serve over 1,400 pension schemes and their sponsors. Our goal is to foster a workplace where diverse talents thrive.
Location: Reading
Employment Type: Permanent, Full Time
Grade: Associate
Hybrid REQ003571
About The Role
Our teams of pension administrators provide services to a wide range of trust-based company pension schemes, including defined benefit, defined contribution, career average revalued earnings, and hybrid schemes. Our range of pensions administration services include:
- Scheme administration
- Communication
- Scam identification
- Payroll services
- Pension scheme accounting
- De-risking projects
- Technical consultancy
Our administrative approach is scheme-based; one team is responsible for every aspect of each client’s service, enabling us to build the best possible relationships and provide the clarity of focus each scheme deserves. Ultimately, pension schemes are there for their members; we place just as much emphasis on delivering excellent customer service as we do on technical proficiency and quality control.
Key Responsibilities
- Completing daily bank reconciliations to capture all monies received accordingly.
- Investigating any unreconciled monies until resolution.
- Ensuring monies in (transfers in and contributions) are invested within SLAs.
- Liaising with administrators and investment managers.
- Reconciling units and cash for all investment movements via a unit reconciliation.
- Keeping abreast of technical and legislative developments within the pensions industry.
- Ensuring company policies and working procedures are implemented and adhered to by self.
- Forging strong working relationships with other teams in order to provide a total service to our clients. E.g. Administration, Payroll, Client Banking and Accounts.
- Ensuring the accurate updating of time recording system (SuiteProjects) for both chargeable and non-chargeable activities.
- Due to the changing nature of the business, the job holder may from time to time be required to undertake other activities of a similar nature that fall within their capabilities.
Your Profile
- Proficient in Microsoft Office including Word and Outlook and with good Excel skills, including pivot tables and lookups.
- High degree of numeracy.
- Ability to work as part of a multi-disciplinary team.
- An aptitude for working with people both internal and external of the organisation.
- Excellent interpersonal abilities, able to forge strong working relationships with colleagues and clients.
- A client focused approach.
- Flexible approach to work pressures.
- Continuing to augment technical pensions accounting knowledge as well as keeping abreast of legislative changes.
- A high degree of professional integrity.
Desirable
- A proven reconciliations background gained within either an accounting practice or a third-party pension’s provider.
- Previous reconciliations (cash and units) experience would be a plus.
What We Offer
Enjoy a competitive salary, annual discretionary bonus, and 25 days’ holiday with buy/sell flexibility. Benefits include pension matching, healthcare plans, life assurance, and retailer discounts. We support our team with a flexible benefits scheme, employee assistance, and digital GP service. Participating in volunteering events is encouraged with paid volunteer days available. Referral bonuses are offered for introducing suitable candidates to XPS.
How To Apply
Interested candidates should submit applications below or contact recruitment@xpsgroup.com. Join XPS Group and contribute to a dynamic and inclusive workplace.
Equal Opportunity Statement
XPS Group is committed to diversity and equal opportunities. We welcome applications from all candidates, irrespective of sex, race, disability, sexual orientation, religion, or belief. As a Disability Confident employer, we ensure accessible and supportive work settings for all employees.
Eligibility
Any employment offer made will be conditional upon you satisfying DBS Disclosure checks, Employment or educational references, Satisfactory credit checks and eligibility to work in the UK before an offer can be made. XPS Group is not able to provide sponsorship to employees.
Who Are We
To find out more please visit: www.xpsgroup.com
Reconciliations Administrator employer: XPS Group
XPS Group is an exceptional employer, offering a dynamic and inclusive workplace in Reading where diverse talents can thrive. With a strong focus on employee growth, we provide competitive salaries, flexible benefits, and opportunities for professional development, all while fostering a collaborative culture that prioritises excellent customer service and technical proficiency. Join us to be part of a supportive team that values integrity and encourages participation in community volunteering.
StudySmarter Expert Advice🤫
We think this is how you could land Reconciliations Administrator
✨Tip Number 1
Network like a pro! Reach out to people in the pensions and insurance sectors, especially those who work at XPS Group. A friendly chat can open doors and give you insider info about the company culture and what they really value in candidates.
✨Tip Number 2
Prepare for the interview by brushing up on your technical knowledge. Make sure you understand the latest trends in pensions administration and be ready to discuss how your skills can contribute to their team. We want to see your passion for the industry!
✨Tip Number 3
Showcase your interpersonal skills during the interview. Remember, it's not just about numbers; it's about building relationships too. Be ready to share examples of how you've successfully collaborated with others in past roles.
✨Tip Number 4
Apply through our website for a smoother process! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining XPS Group and contributing to our dynamic team.
We think you need these skills to ace Reconciliations Administrator
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Reconciliations Administrator role. Highlight your relevant experience, especially in reconciliations and pensions, and don’t forget to showcase your Excel skills!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your skills align with what we’re looking for. Keep it concise but impactful.
Showcase Your Team Spirit:We love team players! In your application, mention any experiences where you’ve successfully collaborated with others. This will show us you can forge strong working relationships, just like we value at XPS Group.
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you’re keen on joining our dynamic team at XPS Group.
How to prepare for a job interview at XPS Group
✨Know Your Numbers
As a Reconciliations Administrator, you'll be dealing with a lot of figures. Brush up on your numeracy skills and be prepared to discuss how you've handled reconciliations in the past. Maybe even bring along examples of your work with Excel, like pivot tables or lookups, to showcase your proficiency.
✨Understand the Pensions Landscape
Familiarise yourself with the different types of pension schemes mentioned in the job description. Knowing the ins and outs of defined benefit, defined contribution, and hybrid schemes will show that you're serious about the role and understand the industry.
✨Build Rapport
Since this role involves liaising with various teams, practice your interpersonal skills. Think of ways to demonstrate your ability to forge strong working relationships during the interview. Maybe share a story where you successfully collaborated with others to resolve an issue.
✨Stay Updated on Legislation
The pensions industry is always changing, so it's crucial to keep up with technical and legislative developments. Be ready to discuss any recent changes you've learned about and how they might impact the role. This shows your commitment to continuous learning and professional integrity.
