Finance Transactions Assistant
6 months ago
**Post Details**
Full time
Open ended
There is an expectation that work will be undertaken in the UK.
This role is not eligible for sponsorship. Applicants require to have existing right to work in the UK.
**The Post**
To be part of the team responsible for the efficient and effective financial processing of all incoming and outgoing cash transactions across the University, whilst supporting a culture of quality and timely customer service. The post holder will:
Operate with supervision from the Finance Transactions Team Leader in the day-to-day planning, organising and performance (to an agreed quality standard and specification) of a range of financial administrative activities. The post holder is expected to demonstrate initiative in the arrangement of their immediate work priorities, including successfully managing any conflicting demands, possessing a basic awareness of the options available and being able to make effective and appropriate decisions in order to meet agreed deadlines and ensure events are dealt with promptly.
Will normally work within well-established documented administrative processes and procedures, as well as financial regulations and procurement procedures to ensure the consistency and quality of the administrative support delivered by the team. The post holder must be a confident communicator as they are required to liaise with University colleagues and external suppliers and customer (including staff and students) in order to ensure that any issues arising are dealt with promptly and efficiently to enable transactions to be processed in a timely manner.
The post holder may be required to suggest improvements or developments to current working practices in consultation with their manager, in order to ensure the smooth running of the service they provide.
**Description of Duties**
The post holder will be required to be familiar with a range of processes that are within the remit of the Finance Transactions Team, enabling them to take on a variety of tasks as required and to support other members of the team. These tasks will include, but not be limited to:
Accounts Payable
- Processing of all supplier invoices and credit notes, plus manual and ad hoc requests for non-staff and students
- Processing of all payment runs (BACS, CHAPS and foreign payments) and issue of remittance advices
- Management of external supplier accounts to minimise financial risk and recovery of balances
- Monitoring and exception reporting for staff expenses and purchasing card claims
Accounts Receivable
- Delivery of the University’s debt management procedures, including debtor contact, and recommendation of proposed sanctions, payment plans, external debt collection agency referrals and legal action
- Monitoring, reporting and reconciling of bad debt write-offs and provisions, including notification and escalation to relevant stakeholders
- Management of external customer accounts to minimise financial risk and recovery of balances
Cash Operations
- Transmission and control of all outgoing payments
- Processing and allocation of all incoming receipts
- Counting, reconciliation and banking of all physical cash received by the University, including investigation and escalation of discrepancies and shortages
- Provision of appropriate security arrangements for all physical cash held on the university campus
- Management of cash handling risk assessments and audit spot checks
- Management and control of all till, petty cash and other cash floats, ensuring levels of physical cash are minimised across the University
**Essential Criteria**
**Qualifications**:
- Vocational qualifications plus extensive relevant work experience
OR
- Learning gained through work experience. Will include short courses and other formal training
Knowledge & Experience
- Substantial experience in an Accounts Payable and/or Accounts Receivable environment
- Experience of providing customer service (internal and external)
Skills & Attributes
- Ability to work as part of a team
- High level of accuracy with attention to detail
- Work independently without undue supervision
- Effective working knowledge of Excel
- Proficient with Accounting software packages
**About Us**
The Finance Department delivers a financial service to the whole of the organisation, and therefore it is important to ensure that the University business needs are met, whilst also considering the career development of its staff. Whilst the post holder may initially focus on a specific transactional processes, there should be a willingness to be flexible about the processes allocated to them as such needs arise.
As the Department/Faculty and the post-holder develop, there will inevitably be some changes to the duties for which the post is responsible, and possibly to the emphasis of the post itself. The University expects that the post-holder will recognise this and will adopt a flexible approach to work. This could include undertaking relevant training w
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