Bank Reconciliation Assistant - Birmingham, United Kingdom - BNP Paribas

BNP Paribas
BNP Paribas
Verified Company
Birmingham, United Kingdom

2 weeks ago

Tom O´Connor

Posted by:

Tom O´Connor

beBee Recruiter
Description
BANK RECONCILIATION ASSISTANT (BIRMINGHAM - CLIENT FINANCE) (


JOB NUMBER:
BHM630)


The Bank Reconciliation Controller works within a small team responsible for the allocation management and movement of funds and the management and reconciliation of the bank accounts.

A key part of the departments shared service functions, the Cash and Banking team provides a critical service to the rest of client finance.

The reconciliation controller supports the cash and banking controller by ensuring all cash and banking operations are completed in line with the agreed processes and procedures, ensuring that controls are adhered to, minimising the risk of fraud.


Key deliverables

  • Perform regular reconciliations of all bank accounts ensuring that unidentified items are investigated and resolved and that the appropriate authoriser in accordance with agreed process formally signs off the reconciliations.
  • Ensure strict client monies control at all times, particularly ensuring that BNPPRE is compliant with RICS client money guidelines.
  • Provide regular reports of progress with bank reconciliation's and unallocated cash.
  • Track, investigate and resolve the allocation of unidentified receipts and return monies which cannot be properly identified within agreed timeframes.
  • Ensure all bank reconciliations, including commentary on the investigation and resolution of reconciling items is available for formal sign off on at least a monthly basis
  • Assist RICS and other auditors in identifying the information necessary to complete audit activities, particularly regarding bank reconciliations.
  • Allocate cash received, identifying the source funds and ensuring all sums received are posted to the correct accounts with 24 hours of receipt, initiating queries on unidentifiable items as appropriate.
  • Record and bank cheques in accordance with the agreed cheque received process.
  • Maintain daily records of all cash received and ensure the wider Client Finance team members are aware of cash received as appropriate.
  • Ensure that all cash received is posted to the accounting database.
  • Assist with the regular reporting of unallocated cash.
  • Respond to and ensure that all queries relating to bank accounts, cash received and payments made are dealt with on a timely basis.
  • Ensure that all payments made are supported by the appropriate documentation and the correct authorisation is provided.
  • Support the Cash and Banking Manager in maintaining complete records of all bank accounts and ensuring that accounts are opened and closed in a timely manner to meet client requirements.
  • Ensure strict compliance of all agreed processes and controls.
  • Assist in selecting, testing and implementation of new systems to support the cash and banking operations.
  • Any other duties as from time to time requested to support the Client Finance Team's overall operational delivery.

Responsibilities:


Financials

  • Has an awareness of wider team and department budget

Clients and Business Development

  • Manages existing client relationships.
  • Identifies and helps progress new business opportunities both in and outside own discipline
  • Able to work on a broad range of projects referring only to senior colleagues/ external specialists on highly unusual or technical issues.
  • Specialist in one aspect of own discipline. Broad knowledge of principles and practices of related disciplines
  • Enhances BNP Paribas Real Estate's reputation through successful delivery
  • Builds own network internally and externally

People

  • Actively engages with other team members
  • Proactively communicates with colleagues and others

Systems and Process

  • Evaluates, adapts and improves standards, techniques and procedures
  • Is a contributor to BNP Paribas Real Estate projects
  • Evaluates processes making improvements as appropriate

Person specification:


Essential experience

  • Understanding of client money handling regulations would be an advantage, particularly in a client, professional services or property management context.
  • Highly numerate with strong attention to detail and excellent verbal and written communication skills
  • Committed to the provision of excellent customer service and to meeting deadlines
  • Have excellent IT skills in particular Microsoft packages e.g. excel.

Desirable Qualifications

  • Studying towards or planning to study towards a recognised professional accounting or cash management qualification would be an advantage.

Competencies

  • Takes responsibilities to ensure that own work is correct
  • Able to plan and prioritise own workload
  • Delivers innovative solutions participates in discussions to formulate alternative ways of working
  • Awareness of the requirement to manage workload/time effectively
  • Asks questions and is interested in the impact of their role upon their immediate area of responsibility
  • Completes work with a view to the bigger picture
  • Takes responsibility for achieving personal objectives
More jobs from BNP Paribas
See all jobs of BNP Paribas