Reconciliation Analyst - Finance

Role purpose

• The job holder will be responsible for investigating, resolving and escalating any variances in the reconciliations bank, cash in-transit, control and accounts receivable  reconciliations
• They will use their knowledge of business and Travelex processes to resolve variances through contacting internal and external stakeholders including Banks and complete relevant General Ledger Output
• The role will report into the reconciliations lead

Key accountabilities

Technical

• Assure timely clearance of queries from business owners and customers.
• Prepare month and reconciliations in accordance with policy.
• Manage reconciliation of POS and on line transactions impacting both bank and control accounts.
• Ensure items are being escalated in accordance with agreed procedures.
• Participate in team meetings
• Identify and implement process improvements and efficiencies.
• Examining variances via reconciliation system or coda or TLM
• Manual matching (including automatic allocation)
• Contact branch/3rd party/Travelex team to resolve variances

Relationship management

• Develop sound professional working relationships with Reconciliations colleagues, Resolutions data analysts, business staff and management
• Develop sound professional working relationships with the business, 3rd parties and Travelex teams across the business to improve the investigation and resolution process

Communication

• Proactive and regular communications with the business and other areas of Finance whose work impacts, or depends upon the Reconciliations team
• Actively communicate and seek feedback from colleagues and customers
• Be supportive and encourage support for “people initiatives” e.g. Your Voice, Travelex Awards etc
• Play a participative part in Team Briefs
• Be proactive in the provision of feedback and the delivery of ideas to develop and improve Travelex Finance services, in particular those within the Reconciliation team.
• Ensure feedback to line manager outlining general activities of role and ‘how we are doing’

General

• Undertakes any necessary training associated with the duties of the post and participates in training and development procedures
• Complies with all Company Health and Safety policies and legislation in the performance of their duties and responsibilities
• Maintains confidentiality and observes data protection guidelines
• Manage expenses in accordance with Company Expense Policy
• Carries out any other reasonable duties commensurate with their capability

Essential

• B.com /PG/MBA with good understand of accounting and reconciliations
• Experience of working in fast paced / Global finance department.  Prior experience working in shared service environment with an on/offshore presence is preferred.
• At least 3-4 years of work experience in a similar environment for analyst and 5-6 years for senior analysts
• Able to demonstrate proven experience at this level within a similar financial environment
• Ability to communicate clearly with internal and external stakeholders
• Experience of financial services/banking with an understanding of basic bookkeeping
• Ability to deliver to tight deadlines
• Local language skills to interact with relevant 3rd parties/Travelex team/branch to resolve reconciliation
• Ability to maintain accuracy - key when confirming incoming value
• High attention to detail
• Ability to resolve issues to conclusion
• Demonstrable experience of resolving variances
• Experience of using reconciliation systems

Desirable

• Excellent understanding of upstream systems and core Travelex reconciliations systems