Reconciliations Team Manager

Job Description

Reconciliations Team ManagerSalary: £41,876 to £52,346Location: EdinburghWho are DiligentaOur vision is to be acknowledged as Best in-class Platform based Life and Pensions Administration Service provider. Customer service is at the heart of everything we do and our aim is to transform our clients operations. A business that has been describedas home by existing employees, we drive a culture that is founded on positive change and development.The OpportunityWe have an exciting new permanent position available for a Reconciliations Team Manager!Our Finance Operations function is responsible for ensuring the accuracy and integrity of financial records and transactions within our clients organisation. The primary goal of this function is to process payments, receipts and distributions as well asidentify and resolve any discrepancies or errors in financial records. This is important for maintaining the reliability of financial information, facilitating proper financial reporting, and ensuring compliance with regulatory requirements.This role is within the Reconciliations Team for the Life & Pensions business (Legacy & BaNCS), which is responsible for completing daily reconciliations, identifying and resolving discrepancies, documenting findings, and working closely with Operationsto implement corrective actions. The Team also provides support for month-end ledger processes and controls, ensuring that all transactions are accurately accounted for and correct financial reporting is completed within the agreed SLAs and in line with regulatoryrequirements and LBG Group Minimum Standards ("GMS")Youll be:

• Direct line management of up to 5 team leaders, with a further up to 30 indirect reports, ensuring each individual is properly trained, managed and motivated to perform their role.
• Establishing Life & Pension Reconciliations Processes and Controls (Legacy & BaNCS), with continuous reviews and improvements to ensure full compliance with the regulations and LBG Group Minimum Standards, minimising risk exposure, SLA breaches and anydetrimental customer impact.
• Performing Monthly Management Oversight Tasks including Independent Journal Review, Team Management Reconciliation Review and Approval, Reconciler Integrity Review and Approval and Finance Forum Pack collation.
• Overseeing all the Reconciliations that the Team is responsible for to ensure that they are within the Effective Level of Control ("ELOC") and any items falling outside of ELOC has been investigated and there is a corrective action plan in place to resolvethem.
• Taking ownership for dealing with complex queries for Reconciliations (Legacy & BaNCS) and act as an escalation point for issues and complex queries.

You should apply if you have:

• Reconciliation experience, including experience with regulatory reporting.
• Experience with direct line management and team leadership.
• A background in Financial Services.
• Outstanding organisational skills, with an ability to plan workloads and delegate tasks.
• A systematic, disciplined and analytical approach to problem-solving.

The Perks

• 25 days holidays + 8 bank holidays
• Discretionary annual bonus
• Company pension scheme membership
• Gain professional accreditation on completion at no extra cost through our bespoke 24/7 professionally accredited online learning and development tools
• Access to our Confidential Helpline is available to be used by you and your family
• Develop your career through a wider global organisation of the TCS family