Bank Reconciliation Specialist

4 weeks ago


London, Greater London, United Kingdom Cobalt Consulting (UK) Ltd Full time

We are seeking a highly skilled Bank Reconciliation Specialist to join our team at Cobalt Consulting (UK) Ltd. The ideal candidate will have great experience in service charge bank reconciliation and be an advanced Excel user.

Key Responsibilities:
  1. Perform daily reconciliations of assigned company bank accounts.
  2. Reconcile inter-account fund movements daily.
  3. Investigate and document unmatched items, collaborating with Finance colleagues.
  4. Identify and implement process improvements to enhance the efficiency of reconciliation activities.
  5. Maintain and refine rule sets for automated reconciliations within the reconciliation tool.
  6. Prepare manual reconciliations for bank accounts outside the reconciliation system, investigating any discrepancies.
  7. Reconcile suspense accounts, coordinating with global payment teams to resolve outstanding items.
  8. Monitor Treasury and client-segregated bookings, addressing discrepancies with Business Operations and Client Asset Management promptly.
  9. Support internal and external audits by providing necessary documentation and clarifications.
  10. Keep process documentation up to date and ensure compliance with defined policies and procedures.
Requirements:
  1. Great experience in service charge bank reconciliation.
  2. Advanced Excel user.
  3. Be ambitious and committed to personal and professional growth.


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