Head of Bank Reconciliation

2 months ago


Leeds, United Kingdom Group Shared Services Ltd Full time

Summary

.

Job Description

Head of Bank Reconciliation

Location: Leeds, Thorpe Park, Hybrid working.

As Head of Bank Reconciliation, you will lead the Bank Reconciliation Team; reviewing bank reconciliations that are regularly performed on all the Group’s bank accounts, liaising with other teams across finance to ensure end-to-end bank processes are appropriate and integrating any new entities and bank accounts into the process. The Group Bank Reconciliation team also works closely with the wider BSU team to deliver the best service, accurate and quality reporting in a timely manner, and adhering to governance requirements. 

Accountabilities and Responsibilities:

Ensure the different regulatory requirements of holding client money in each region are adhered to by developing and owning granular client-level bank reconciliations.Drive end to end process improvement by working with External Reporting, Accounts Receivable, Accounts Payable and Record to Report and other relevant teams to ensure processes are appropriate and effective.Develop the shared service strategy and target operating model for the Bank Reconciliation Team to ensure suitability to support multiple regional European operations.Provide a robust and industry leading reconciliation and control environment, ensuring timely follow-up and remediation work is applied where necessary.Provide support to internal, external and client audits. Ensure robust audit trails and evidence is maintained.Ensure appropriate policies are written, owned and updated to ensure strong reconciliation disciplines are front-and-centre.Own transformational agenda to ensure processes are fully optimised to Lowell business requirements whilst delivering best in class performance. Ensure a futureproof strategy and roadmap is fully adopted and embedded at all times across the Group.

What we need from you:

Extensive experience of managing large teams, within a high-volume processing environment, is essential.Working knowledge of accounting double-entry and reconciliation processes is essential.Working knowledge of reconciliation software/platforms desirable.Technical understanding of cash management financial systems is vital. Previous experience of Oracle cash systems is desirable.Financial Services experience, with debt management knowledge desirable.

A mission that gives back:

You’ll also have lots of opportunities to make an impact on your personal development. At Lowell we have a big focus on helping our colleagues develop their careers and grow with us, together.

So, whatever your culture, gender identity, religion, ethnicity, age, neurodiversity, or disability status, if you’re ready to help us make credit work better for all, we think you’ll fit right in.

Our people are our strength, so we build strong teams thriving with diverse voices, and offer benefits that can keep our people strong.

That means…

A discretionary annual bonus for a job well done.3% flexible benefits; pick additional benefits or take as cash each month. Whether this is extra holiday or dental cover there will be something for you.Free parking when you are in the office and when working from home, you’ll be fully equipped with everything you’ll need to be successful.28 days holiday plus public holidays with the option to purchase up to an additional 5 days.A fantastic culture with more little perks along the way including, self-development opportunities, recognition awards and on-site facilities to support the varying needs of our colleagues.Wellbeing support and a programme of webinars and classes geared towards mindfulness.

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