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
