Financial Control Specialist
2 days ago
Diligenta strives to be the industry's top Life and Pensions Administration Service provider. Customer satisfaction is paramount in our operations, aiming to transform clients' businesses. Our company culture emphasizes positive change and employee development.
Role Summary:This Financial Control Specialist position plays a crucial role in ensuring accurate financial records within Diligenta's CoE team. Responsibilities include handling payments, receipts, distributions, and resolving discrepancies for reliable financial reporting and compliance.
Key Responsibilities:- Reconciliations: Perform daily bank reconciliations, match entries, and update banking journals (Legacy & BaNCS). Ensure timely resolutions of discrepancies.
- Account Management: Reconcile Control Accounts, resolve differences promptly (Legacy & BaNCS), and guarantee accuracy.
- Reporting: Reconcile financial reports to the ledger, address any differences (Legacy & BaNCS), and provide assurance on trial balances.
- System Maintenance: Conduct daily systems checks and ensure correct functioning of financial systems.
- Close Processes: Support monthly and year-end ledger close processes (Legacy & BaNCS).
- Journals: Prepare and input manual journals as needed (Legacy & BaNCS).
- Operational Losses: Investigate and report operational losses accurately (Legacy & BaNCS).
- Tax Reconciliations: Handle tax reconciliations and ensure timely payments to HMRC (Legacy & BaNCS).
- Claims Settlements: Manage reassurance reports, calculate premiums, and ensure correct claims settlements (Legacy & BaNCS).
- Compliance: Ensure all reconciliations meet client standards and control frameworks (Legacy & BaNCS). Monitor reconciliations for compliance with Effective Level of Control (ELOC).
- Strong experience in bank reconciliation.
- At least 2 years in finance roles within financial services.
- Proficiency in MS Excel and Word.
- Analytical, detail-oriented, and strong problem-solving skills.
- Excellent communication and time management.
- Knowledge of Life & Pensions processes and regulations.
The estimated annual salary for this role is £45,000. This figure is based on the position's requirements and the typical compensation for similar roles in the UK market.
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