Reconciliations Analyst
Posted 5 days ago by EA First
Negotiable
Undetermined
Hybrid
London Area, United Kingdom
Summary: The Reconciliations Analyst role is a 3-month temporary position within a growing London-based FinTech company, focusing on operational reconciliations of client transactions across various banking platforms. The ideal candidate will possess a strong interest in payments and back-office operations, with responsibilities including investigating discrepancies and liaising with partner banks. This position requires collaboration with internal teams and supports the onboarding of new banking partners. The role offers a hybrid working arrangement, with in-office requirements from Tuesday to Thursday.
Key Responsibilities:
- Perform daily operational reconciliations of client deposits, withdrawals, and transfers across multiple banking platforms.
- Investigate and resolve discrepancies in client transaction records.
- Ensure timely and accurate matching of client instructions with bank confirmations.
- Liaise with partner banks to reconcile accounts and ensure alignment with internal records.
- Monitor and report on reconciliation status across all banking partners.
- Support the onboarding of new banking partners.
- Monitor and manage suspense accounts, ensuring unallocated funds are identified and resolved promptly.
- Collaborate with internal teams to trace and allocate unidentified transactions.
- Maintain audit trails and documentation for all suspense account activities.
- Contribute to the enhancement of reconciliation processes and embed new frameworks/processes.
- Support internal and external audits with relevant documentation and analysis.
Key Skills:
- Proven experience in financial operations, preferably within a fintech or banking environment.
- Strong understanding of reconciliation processes and banking operations.
- Proficiency in Excel and financial systems; experience with reconciliation tools is a plus.
- Excellent communication skills and ability to work collaboratively across teams.
- High level of accuracy, organisation, and problem-solving ability.
Salary (Rate): undetermined
City: London
Country: United Kingdom
Working Arrangements: hybrid
IR35 Status: undetermined
Seniority Level: undetermined
Industry: Finance
We're pleased to be recruiting for a Reconciliations Analyst, on a 3-month temporary contract for this growing London-based FinTech company. We are looking for a highly motivated individual with a keen interest in payments or back-office operations within the financial sector.
Key tasks in this varied role include:
- Perform daily operational reconciliations of client deposits, withdrawals, and transfers across multiple banking platforms.
- Investigate and resolve discrepancies in client transaction records.
- Ensure timely and accurate matching of client instructions with bank confirmations.
- Liaise with partner banks to reconcile accounts and ensure alignment with internal records,
- Monitor and report on reconciliation status across all banking partners.
- Support the onboarding of new banking partners.
- Monitor and manage suspense accounts, ensuring unallocated funds are identified and resolved promptly.
- Collaborate with internal teams to trace and allocate unidentified transactions.
- Maintain audit trails and documentation for all suspense account activities.
- Contribute to the enhancement of reconciliation processes and embed new frameworks/processes.
- Support internal and external audits with relevant documentation and analysis.
Skills & Experience
- Proven experience in financial operations, preferably within a fintech or banking environment.
- Strong understanding of reconciliation processes and banking operations.
- Proficiency in Excel and financial systems; experience with reconciliation tools is a plus.
- Excellent communication skills and ability to work collaboratively across teams.
- High level of accuracy, organisation, and problem-solving ability.
Location: London (near Liverpool Street)
Hybrid working - Tuesday-Thursday in the office
Hours: Monday-Friday - Full time
Hourly rate: Competitive
Duration: 3 months
EA First Ltd are acting as an Employment Business for this temporary vacancy.