Reconciliations Officer

Job Description An excellent opportunity has arisen for a Reconciliations Officer to join an established provider of financial services to businesses in Manchester.

You will be responsible for a portfolio of Invoice Finance Reconciliations. Duties include reconciling and balancing sales ledgers and preparing month end reconciliations, new client ledger administration and managing reserves and overdue payments.

Key Responsibilities ;

Effectively manage a portfolio of Invoice Finance customers, undertaking month end reconciliation of the ledgers and providing a consistently high level of service

Monitor client ledger performance and report adverse trends to Relationship team.

Set monthly reserves for each client, ensuring that reserves are accurate and transparent to the client.

Maintain thorough records and provide necessary feedback and reporting to Head of Portfolio Management and Relationship Managers.

Prioritise completion of high risk graded clients in line with the Month End Reconciliation.

Maintain regular contact plan for client communication and be available for client queries

Undertake monthly portfolio risk review of ledgers and provide detailed analysis of results to senior management.

Knowledge/Experience;

Proven track record of Invoice Finance Reconciliations

Experience of the risks and issues that can be found in the reconciliation process

Thorough knowledge of all operational processes

Confidence to make decisions that may positively/negatively affect clients funding levels

Knowledge of client sales ledger packages (e.g. Sage) and how to obtain reports from the systems

The ideal candidate will be numerate, diligent and have the ability to work as a member of a team and on one’s own initiative.

Experience of Sales Ledger management / bookkeeping experience would be a distinct advantage as would knowledge of the Invoice Finance  return you will receive a competitive basic salary + additional benefits.