Finance Banking Analysist

Salary: £27,600 – £30,000 per year

Job and Person Profile for:

Salary:

Depending on experience

Location:

Beacon House

Hours per Week:

37.5

Status:

Temporary – 6 months

Main Purpose of the Job:

Reporting to the Finance Ledger Team Supervisor, the role holder’s main purpose is to:-

• Produce daily reconciliations for all Vertas Group bank accounts in line with financial reporting deadlines.
• Investigating any timing differences and report / escalate as appropriate to team leader
• Daily posting of sales receipts to the sales ledger ensuring internal customer reports are up to date.
• Posting journals and purchase payments to ensure all transactions through the bank are input into the finance system.
• Maintain the cashflows to ensure they are up to date when reviewed biweekly by the financial reporting team.
• Reconcile cash in transit balances and produce reports for management in line with financial reporting deadlines.

Key Relationships:

• Finance Ledger Team Supervisor
• Service Heads and Contract Managers
• Finance Colleagues

Main Activities and Responsibilities:

The primary responsibilities / duties of this role are:-

• Run bank statements from the Barclays.net online system, saving them down in the shared file.
• Post cash receipts on the sales daybook, allocating these correctly to the outstanding sales invoices, using customer remittance advices for reference.
• Manage and organise the Vertas remittance advise mailbox.
• Ensure purchase payments which have been processed onto the system have come out of the bank correctly.
• Post journals for other items which are processed through the bank such as pension and payroll pay overs, cash sales from sites and intercompany funding.
• Produce monthly bank reconciliation reports for signoff at month end.
• Reconcile the bank up to date daily so a bank reconciliation could be run if required.
• Post monthly sales returns for catering sites into the finance system on nominal journals, ensuring any banking discrepancies are flagged back to the operational team.
• Update each entities cashflow with the daily incoming and outgoing transactions from the bank and roll over the cashflows at the end of every two week review period.
• Manage the G4S requirements for cash handling, working with operations managers to ensure smooth service
• Manage the cash banking stationary
• Reconcile cash in transit and produce monthly reconciliations for the financial period close
• Ad hoc duties within the transactional financial team to support the ledger team manager as necessary – including support with ledger close process.
• Cover for the credit control team, supporting the Credit control supervisor where necessary with customer receipt posting.