Job Details  
Advertiser: IFDS

Job Title: Client Accounting Expert
Rate:£ Per Year    Benefits: Competitive
Description: Summary

Daily responsibility for management companies bank accounts on the operating systems and monthly reporting in accordance with Service Level Agreement deadlines. Ensure postings are booked correctly across the general ledger through to bank clearance. Perform FCA regulated Client Money calculations and monitor the Client Money accounts ensuring all are recorded correctly, with no breaches

Ensuring accounting information is sent to the Management Companies in accordance with Service Level Agreement deadlines. Maintain good relationships with the Management Companies and take proactive action to warn of potential problems.

Represent the team as a Subject Matter Expert on Projects and Training new members of staff

Main Responsibilities

* Subject matter expert in completing daily bank reconciliation for Dealing, Commission and Client Money Accounts for allocated management companies for relevant currencies
* Reviewing and writing procedures along with representing team in client meetings and divisional meetings, including new client take on’s
* Analyse, resolve and assist other team members in escalating outstanding items. Report investigation/action required for those items both internally and to management companies
* Reconciling daily BACS income to submission files ensuring client money protection and debit card entries from Ledger to Bank receipts
* Utilising Frontier reconciliation system - reconciling cashbook and bank items through the Infor10 ledger and banking feed
* Compliance with Client money regulations by performing and evidencing daily calculations
* Having an in depth and concise knowledge of breaches ensuring all receipts/payments are allocated on a daily basis leading to monthly CMAR completion and building on process gaps to reduce risk for breaches
* Weekly reconciliation of ledger and integrity reconciliations
* Complete monthly financial reporting pack providing P&L and Balance sheet and reconciliations to management companies and attend monthly service review meetings
* Completing and able to train others on year end ledger roll process, able to walk auditors through process and answer relevant questions
* Being a subject matter expert for the allocated management companies products and processes, assisting Team Leader where appropriate representing the team in required meetings/projects
* Complete and assist Team Leader with review and QC daily checklists
* Assist/answer internal and external queries relating to the reconciliations and general ledger in a timely manner escalating to Team Leader or Manager as necessary
* System changes – Taking lead on any system and GL structure changes, testing and setup ensuring all team, have access
* Carry out any other duties which are within the employee's skills and abilities whenever reasonably instructed.

Ideal Candidate

• In depth knowledge of client money and CMAR reporting
• In depth knowledge of PEP, ISA, Unit Trust and OEIC administration
• Good knowledge of Life & Pensions
• Excellent knowledge of FCA regulatory environment
• Good keyboard skills to include MS Office packages & systems used within the business
• Good Verbal reasoning and numeric skills.
• 2 years business experience. Demonstrating an understanding of responsibilities within the Financial Services Industry
• In depth knowledge of CASS regulations
• A good understanding of reconciliations and double entry bookkeeping.
• Excellent Communication, Planning, & Organisational skills.
• Analytical and Investigative skills. (Essential)
• Ability to work without close supervision. (Essential)

• Enhanced Systems Knowledge of Percana/Frontier/ FAST / Infor / FSU
• Advanced Excel and Work Query (Desirable)
• Experience of IFDS systems, Percana, Frontier, INFOR, AWD, FSU/General Ledger Structure. (Desirable)
Skills Required: Client Accounting Expert
Job Type: Permanent
Start Date:     Duration:
Contact: DST Systems Contact E-mail: Click
Contact Tel: Contact Fax:
Reference: IFDS/TP/17447/9897 Added: 20-08-2017
  IMPORTANT: For jobs based in the UK it is unlawful to employ a person who does not have permission to live and work in the UK. Please ensure you have this permission before applying, unless the advert states otherwise.
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