Finance Assistant

Job Ref: 159286
Sectors: Other, Customer Service, Accountancy & Finance
Job Type: Permanent
Date Added: 03 October 2018
  • Staines, Middlesex, England
  • £20,000 - £22,000 per Annum
  • Tate
  • 01895 257931

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The main objective of this role is to maintain the bank reconciliations, ensuring that reconciling items are quickly cleared. This role involves analysing the daily movements in our bank accounts, ensuring all payments and receipts are accounted for. The daily cash log needs to be updated every day, which is used by the business to post receipts to customer accounts on Alfa. All payments and receipts need to be correctly allocated on Alfa, and the role is responsible for working proactively with the business to investigate un-allocated cash.


To take full ownership of the bank reconciliation process. This includes:

    1. Being the main point of contact for enquires relating to the identification and allocation of cash
    2. Updating the daily cash log reflecting receipts
    3. Reviewing daily cheque log and preparing paid in books
    4. Safeguarding post-dated cheques not yet banked and keeping a log of these
    5. Managing relationship with the courier including reviewing and approving their invoice
    6. Maintaining a log of unallocated cash
    7. Working with the business to investigate and clear items on the unallocated cash log
    8. At month end, updating the bank Balance Sheet Reconciliations
    9. Sending regular updates on reconciling items, ensuring all items are allocated to a named individual for investigation and clearance
    10. Working with the named individual to investigate and clear items
    11. Returning un-allocated receipts to the customer once all efforts to allocate have been exhausted
    12. Arranging for inter-co transfers for Consumer Finance and/or Vehicle Solution receipts
    13. Preparing regular updates on unallocated cash to be distributed to the management teamEnsure compliance with all relevant legislation and specifically that which relates to Data Protection, Money Laundering and Treating the Customer Fairly ('TCF') and attend update training as may be required from time to time.
    14. To ensure compliance with SOX requirements you need to ensure ongoing compliance with the following objectives
    15. The bank reconciliation process is currently a manual process. Working with the Financial Controller, this role will be responsible for implementing new auto-matching functionality that is being rolled out as part of Project Fusion. This role will be responsible for reconciling all 10 accounts:
  • an understanding of your process
  • awareness of responsibilities for control within the process
  • confirmation that controls are operating
  • exceptions to controls are raised with your line manager
  • being open to ensure that the testing process can identify any issues
  • undertaking agreed remediation to correct any weakness


  • Must be seen as positive and enthusiastic demonstrating a "can do" attitude, being flexible in terms of being willing to carry out a wide variety of tasks and activities as required, according to the changing requirements of the business
  • Must have empathy with customers, internal and external, with the ability to deal with individuals at all levels
  • Must be seen to be calm and assured under pressure, dealing with issues as they arise in a calm and professional manner
  • Must adopt a professional approach in all dealings, demonstrate high standards and levels of performance and constantly strive to improve processes and procedures so as to add value to the team
  • Must adopt a pro-active style of work, taking responsibility for all issues/tasks within remit and capability, without automatic referral to line management
  • Must demonstrate the ability to build relationships with a variety of different individuals both within the team and across the business and to be seen as approachable and willing to get involved, as required
  • Must have good communication skills and enjoy working within and across teams
  • Must be a logical thinker and take a questioning approach to resolving reconciling items
  • Must be able to operate effectively in a fast-paced, time-pressured environment, and be flexible with working hours at peak times

Relevant Skills and Qualifications:

  • An accounting qualification is not mandatory but would be advantageous
  • Advanced Excel skills


  • The candidate should have experience of completing bank reconciliations
  • Leasing experience together with experience of Alfa and Oracle would be preferential

Tate is acting as an Employment Agency in relation to this vacancy.

02/11/2018 15:59:51
GBP 20000.00 20000.00.