Financial Transaction Specialist
1 week ago
Diligenta aims to be a leading Platform-based Life and Pensions Administration Service provider, driven by a customer-centric approach that fosters positive change and development in our clients' operations.
Job SummaryThis exciting opportunity involves ensuring the accuracy and integrity of financial records and transactions within our client's organisation as a Cash Management & Distributions Technician in the Finance Operations function at Diligenta.
You will process money in and out transactions, dividend distributions, and maintain regulatory compliance with the FCA's CASS handbook.
Main Responsibilities- Accurately key incoming funds into BaNCS or RUFUS, adhering to CASS rules.
- Record cheques in BaNCS or RUFUS, maintaining the safe log, and safeguard until banked as per CASS 7.
- Process outgoing manual payments (CHAPS & Foreign Transfers) with proper sign-off, ensuring CASS compliance.
- Prepare and process dividend distributions, including reconciliations and shortfall funding, adhering to CASS 7.
- Conduct intra-day and end-of-day bank reconciliations to ensure CASS 7 compliance and effective control.
- Investigate and resolve failed payments, bounced cheques, and perform payment-tracing as needed.
- Provide timely payment and receipt reports to customers/LBG.
- Prepare and input manual journals as required.
- Execute ad hoc administrative tasks to a high standard within deadlines.
- Ensure all activities comply with Consumer Duty regulations.
- Advanced skills in MS Excel and Word, demonstrating high levels of accuracy and strong attention to detail.
- Excellent communication and interpersonal skills are essential for effective collaboration.
- You should be able to work under pressure, managing your time effectively to meet tight deadlines.
- The ability to work both independently and as part of a team is crucial for success in this role.
- Understanding of SQL and a strong knowledge of financial services processes and regulations, particularly in investments.
- Familiarity with finance and accounting principles, practices, and compliance requirements for the UK and Ireland is essential for this role.
Estimated salary: £45,000 - £55,000 per annum, depending on experience.
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