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Suspense & Reconciliation Manager

Sanderson
Posted 3 days ago, valid for 17 days
Location

Peterborough, Cambridgeshire PE2 6FL, England

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • We are looking for a Suspense & Reconciliation Manager (Scheme) to manage suspense accounts and ensure financial accuracy and compliance in our banking system.
  • The role requires a minimum of 5 years of experience in finance and risk management, particularly in managing suspense accounts and reconciliation processes.
  • Key responsibilities include overseeing financial risk management, enhancing reconciliation processes, and leading both onshore and offshore teams.
  • The position offers a competitive salary of $90,000 to $110,000, depending on experience, along with opportunities for process improvements and operational efficiencies.
  • Candidates should possess strong analytical skills, technical knowledge of financial systems, and excellent communication and leadership abilities.

Summary of the Role

We are seeking a highly skilled Suspense & Reconciliation Manager (Scheme) to oversee suspense account management, ensuring financial accuracy, risk control, and compliance across our main banking system. This role involves leading reconciliation processes, ensuring SLAs are met, strengthening financial controls, and working with offshore teams to drive efficiency.

What you'll be doing

  • Managing suspense accounts within the main banking system, ensuring all transactions are processed accurately and in line with regulatory standards.
  • Overseeing financial risk management by identifying and mitigating discrepancies, ensuring robust control frameworks are in place.
  • Ensuring system robustness, working closely with IT and finance teams to enhance reconciliation processes.
  • Leading and developing teams, including offshore operations, providing guidance and insight into best practices.
  • Monitoring and enforcing SLAs, ensuring timely and compliant transaction processing.
  • Collaborating with internal and external stakeholders to improve operational workflows and reporting.
  • Driving efficiencies and process improvements, ensuring alignment with industry standards and business objectives.

What we're looking for

  • Finance & Risk Expertise - Experience managing suspense accounts, risk controls, and banking reconciliation processes.
  • Operational & Stakeholder Management - Ability to lead teams (including offshore operations) and ensure efficient financial processing.
  • Technical & System Knowledge - Familiarity with financial services systems, main banking platforms, and policy administration.
  • Process Improvement Mindset - Strong analytical skills with a focus on enhancing efficiency and control mechanisms.
  • Strong Communication & Leadership - Ability to engage with teams, provide insights, and drive financial operations forward

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.