Finance Reconciliations Analyst

Job purpose:

This role involves the supervision and administration of high volume, multi-currency bank accounts. It includes the processing of transactions relating to the payment of regular policyholder withdrawals, surrenders, IFA commission and premiums received. Reconciliation of these will lead to the investigation and clearance of outstanding items in order to minimise the financial and reputational risk to the company. This role will involve overseeing reconciliation duties as well as providing support to the Finance Manager.


- Provide advice and challenge to partners in the business to improve the effectiveness and controls around financial transactions
- Pro-actively identify, research and recommend improvements to systems, structures, procedures and practices within the team to ensure efficient and effective business operations and implement changes once approved
- Support the Finance Manager in creating a positive climate to maximise employee contribution to the business
- Monitor compliance with Group and Life & Pensions Finance policy, and regulatory requirements, and develop procedures to ensure that the work is carried out in line with best practice
- Delivery of timely, accurate and effective information, advice and reports
- Deal efficiently and effectively with complex queries and enquiries, providing factual and current information and ensuring timely responses where appropriate
- Improved reputation of Finance Operations team based on feedback from the wider business
- Improve productivity thus reducing the amount of overtime worked by the team. Provide support for major change initiatives
- Engagement scores for the team, and feedback from the business
- Compliance with all Group policies, and ensure no regulatory breaches
- Business meets its financial targets and provides excellent service to our customers
- Minimise the amount of queries which come into the team and ensure the customer journey is improved

Skills And Experience:

- 5 GCSE s at Grades A C, including maths and English
- Has knowledge of compliance, legal regulations and procedures relating to the offshore Life Assurance industry
- Intermediate or advanced skills in Microsoft applications
- Familiarity with FPIL systems, GLADIS, WFI, E5, BaNCS and banking systems EQ (IOM Bank) and HSBC
- Minimum 4 years of experience within either the international life assurance and investment, or banking sectors. Ideally within a financial control environment

  • Start Date: TBC
  • Location: South
  • Sector: Accountancy, Financial Services, Life Assurance
  • Job Type: Permanent
  • Hours: Full Time
  • Salary: £ TBC
  • Reference: 00021070

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