Job Title: Financial Administrator (6-Month FTC)
Salary: £28,000 - £30,000
Location: Borehamwood (Office Based)
Our client is seeking a dedicated Financial Administrator for a 6-month fixed-term contract to join its dynamic team. This role is pivotal in ensuring the accuracy and efficiency of our bank reconciliations and financial processes.
Key Responsibilities:
- Take ownership of various bank reconciliations, ensuring alignment between bank statements and the general ledger.
- Prepare comprehensive month-end journals for designated companies.
- Download daily bank statements from Barclays, RBOS, and NatWest.
- Resolve outstanding entries on monthly bank reconciliations, collaborating with other departments as needed.
- Handle daily direct debit collections and manage any rejected direct debits.
- Process and reconcile claim payment files on a daily basis.
- Address and resolve issues related to BACS payment rejections, unpaid direct debits, failed payments, and stop payments.
- Perform daily reconciliation of specific accounts using our bank reconciliation system.
- Provide support and cover for the purchase ledger team.
- Undertake additional tasks related to the Finance Operations section as directed by the Manager - Banking & Premium Reconciliations or the Senior Finance Manager - Operations.
Ideal Candidate Will Have:
- Proven experience in bank and ledger reconciliation.
- Demonstrated ability to implement process improvements in a finance environment.
- Strong Excel skills, including experience with pivot tables.
- Excellent verbal and written communication skills.
- Effective at resolving queries and addressing issues.
- Comfortable working under pressure and meeting tight deadlines.
- Ability to work both independently and as part of a team.
- Exceptional organisational skills with the ability to manage and prioritise multiple tasks.
Essential Qualifications:
- Understanding of double-entry bookkeeping.
- Recent hands-on experience with high-volume bank reconciliations.
- Proficiency in Excel, including lookups and pivot tables.
Desirable Qualifications:
- Previous experience in a similar role within the insurance industry.
- Some experience with data analysis.
- Solid bookkeeping experience.
Vitae Financial Recruitment Ltd is acting as an Employment Business in relation to this vacancy.