Legal & General Investment Management Hiring for Finance Reconciliation Specialist Job at Cardiff, Wales Full Time

Your role at a glance

What you’ll be doing

• A specialist reconciliation role utilising the AutoRek software to ensure a strong control environment. Manage the daily upload of reconciliation data into the AutoRek application, and ensuring reconciliations are completed and signed off by the end of each business day, to support CASS compliance.
• Investigating any reconciliation discrepancies, collaborating closely with colleagues to ensure remediation is undertaken in a timely and accurate manner to support the reduction in financial risk.
• Identifying the root cause of reconciliation exceptions and provide recommendations to reduce repeated issues, taking ownership for issues identified and see them through to resolution.
• Be responsible for maintaining MI and other data required to demonstrate a robust audit trail and ongoing regulatory compliance.
• Supporting the ongoing development of the AutoRek application and the operational processes and controls required to execute reconciliation and other related tasks as efficiently and robustly as possible. Accountable for ongoing development of reconciliation matching and labelling rules.
• Liaising with internal and external auditor when required to demonstrate the effectiveness of processes, controls and quality of record keeping in place.
• Understanding and applying the FCA and CASS rules governing client money treatment, calculations and reconciliations, maintain knowledge to ensure compliance and authorise client money calculations and reconciliations.

What we’re looking for

• AAT or Part qualified accountant required.
• A working knowledge and understanding of the FCA CASS framework and rules is desirable
• Knowledge of operational and banking systems, functions and processes and their impacts on client accounts.
• Have an understanding of L&G’s products and funds and the related operational processes.
• Have an understanding of methods of reconciliation and data analysis
• Reconciliation experience essential, knowledge of AutoRek or a similar automatic reconciliation tool being advantageous.
• Can work independently and as part of a team, understands role, is self-starting, technically competent and motivated, with specific process expertise.
• Understands the structure and make-up of the client money calculation and how these interact with operational processes, the general ledger, information and databases
• Can provide analytical, procedural and technical support or undertake investigation to resolve issues.
• Understands own work in the wider business context, has sufficient knowledge to recognise if the output is broadly in line with expectations or if there are obvious errors, makes judgements (under some guidance) about action to take and whether an issue needs to be notified or escalated.
• Previous experience in a technical accounting/information role and excellent numeracy, investigation and financial problem solving skills.

Benefits

If you join us, you’ll get access to some great benefits, including private medical insurance, at least 25 days holiday (excluding bank holidays), a generous pension scheme, life assurance, and Income Protection. You can participate in our electric car scheme, which offers employees the option to hire a brand new electric car through tax efficient salary sacrifice. We’re also proud to offer competitive family leave.

You’ll have the opportunity to participate in our annual, performance-related bonus plan and valuable share schemes. And then there are the many discounts we offer that you can take advantage of – both for our own products and at a range of high street stores and online offerings.