Reconciliation Analyst - Finance

Travelex


Date: 3 weeks ago
City: Mumbai, Maharashtra
Contract type: Full time
Role purpose

  • The job holder will be responsible for investigating, resolving and escalating any variances in the reconciliations bank, cash in-transit, control and accounts receivable reconciliations
  • They will use their knowledge of business and Travelex processes to resolve variances through contacting internal and external stakeholders including Banks and complete relevant General Ledger Output
  • The role will report into the reconciliations lead

Key Accountabilities

Technical

  • Assure timely clearance of queries from business owners and customers.
  • Prepare month and reconciliations in accordance with policy.
  • Manage reconciliation of POS and on line transactions impacting both bank and control accounts.
  • Ensure items are being escalated in accordance with agreed procedures.
  • Participate in team meetings
  • Identify and implement process improvements and efficiencies.
  • Examining variances via reconciliation system or coda or TLM
  • Manual matching (including automatic allocation)
  • Contact branch/3rd party/Travelex team to resolve variances

Relationship management

  • Develop sound professional working relationships with Reconciliations colleagues, Resolutions data analysts, business staff and management
  • Develop sound professional working relationships with the business, 3rd parties and Travelex teams across the business to improve the investigation and resolution process

Communication

  • Proactive and regular communications with the business and other areas of Finance whose work impacts, or depends upon the Reconciliations team
  • Actively communicate and seek feedback from colleagues and customers
  • Be supportive and encourage support for “people initiatives” e.g. Your Voice, Travelex Awards etc
  • Play a participative part in Team Briefs
  • Be proactive in the provision of feedback and the delivery of ideas to develop and improve Travelex Finance services, in particular those within the Reconciliation team.
  • Ensure feedback to line manager outlining general activities of role and ‘how we are doing’

General

  • Undertakes any necessary training associated with the duties of the post and participates in training and development procedures
  • Complies with all Company Health and Safety policies and legislation in the performance of their duties and responsibilities
  • Maintains confidentiality and observes data protection guidelines
  • Manage expenses in accordance with Company Expense Policy
  • Carries out any other reasonable duties commensurate with their capability

Essential

  • B.com /PG/MBA with good understand of accounting and reconciliations
  • Experience of working in fast paced / Global finance department. Prior experience working in shared service environment with an on/offshore presence is preferred.
  • At least 3-4 years of work experience in a similar environment for analyst and 5-6 years for senior analysts
  • Able to demonstrate proven experience at this level within a similar financial environment
  • Ability to communicate clearly with internal and external stakeholders
  • Experience of financial services/banking with an understanding of basic bookkeeping
  • Ability to deliver to tight deadlines
  • Local language skills to interact with relevant 3rd parties/Travelex team/branch to resolve reconciliation
  • Ability to maintain accuracy - key when confirming incoming value
  • High attention to detail
  • Ability to resolve issues to conclusion
  • Demonstrable experience of resolving variances
  • Experience of using reconciliation systems

Desirable

  • Excellent understanding of upstream systems and core Travelex reconciliations systems

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