Cash & Bank Reconciliation Accountant - Worcester, United Kingdom - Seymour John

Seymour John
Seymour John
Verified Company
Worcester, United Kingdom

3 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

Cash & Bank reconciliation Accountant | Worcester | Permanent | up to £40,000

The Company


My client is one of the largest family-owned companies in their sector in the UK market, with a turnover of over 75 million.


Role
To oversee and manage all banking activities and Associated companies. Including, arranging finance, investing finance and risk management of financial activities. Ensuring all the businesses run smoothly and prevents financial crisis. Helping the businessesmake the best finance-related decisions.


Key Responsibilities:

  • Build relationship with external banks to ensure that business requirements are addressed from a transactional/process need.
  • Monitor and control all bank accounts, including overseeing the daily downloading of statements and ensure cashbooks are prepared daily.
  • Ensuring the posting all payments to the correct account and cost centre codes, accounting for VAT correctly.
  • Process Improvement in procedures with regard to payment requests and authorisation especially non system driven payment requests.
  • Ensuring the allocation of all receipts, being an escalation point to ensure we have mínimal unallocated receipts.
  • Reconciliation of all bank accounts to ensure all receipts and payments are posted into the correct periods.
  • Month end balance sheet reconciliations review and sign off, ensuring that any aged items are actioned.
  • Responsible for the sign off all cash and banking reconciliations.
  • Daily cashflow reporting to the businesses.
  • Cashflow forecasting, reporting to the business in advance of the best solutions for the seasonal peaks and troughs, ensuring no shortage of finance for operating and other activities.
  • Ensuring the integrity of monetary systems
  • Project work to include the cleansing and new processing documentation of petty cash, refunds, credit cards, and direct debits. Producing a business case to improve our performance.
  • Review usage of cheques in the business both payment of such things as parent refunds and school receipts.
  • Credit cards set up of new and clear down old accounts. Monthly review company credit card statements, reporting any discrepancies or misuse.
  • Preparation of monthly IF reconciliation and point of liaise on the receivables account.
  • Set up as bank accounts admin, ensuring business changes are approved and actioned.
  • Provide credit risk information to the business and sales team for new and retained clients.
  • Effective liaison with both our internal customers and external clients.
  • Ensuring we are audit compliant on a monthly basis and assist with yearly audit, as required.

Personal Profile

  • Key lead on all banking processes and improvements
  • Advanced in EXCEL
  • Experience in reconciling multiple systems
  • Experience working with multisite business
  • Understanding of accounting treatments
  • Highly effective communicator
  • Proactive in change management
  • Technical minded and can demonstrate analytical skills
  • Attention to detail
  • Effective time management to meet deadlines effectively
  • Works well as part of a team and individually
  • To always have a proactive approach
  • Ability to communicate effectively
  • At all levels
  • Flexible and adaptable to take on a variety of tasks, which may include cover for other transactional managers roles.
For further information, please contact Rhian Mountjoy
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