Reconciliation Analyst

About Allica Bank

Allica is the UK’s fastest growing company - and the fastest-growing financial technology (Fintech) firm ever. Our purpose is to help established SMEs, one of the last major underserved opportunities in Fintech.

Established SMEs are the backbone of local communities - representing over a third of our economy - yet have been largely neglected both by traditional high street banks and modern fintech providers.

Department Description

The Finance & Treasury function covers a broad spectrum of financial responsibilities for the Bank. Under the leadership of the CFO and the finance department heads, the team is responsible for equity raising and investor relations; treasury and liquidity management; prudential risk and regulatory reporting; financial reporting and accounting, financial planning, and tax management activities.

We believe that freedom, autonomy, and trust bring the best out of people, so we work with team-players who get the importance of owning their responsibilities but know the value of collaboration. We are curious, honest, and supportive.

Role Description

We are looking for a Reconciliation Analyst to join our Finance team at an exciting phase of our growth journey. The successful candidate will be responsible for supporting Allica’s reconciliation landscape, ensuring the Bank’s transactional activity is accurately recorded.

This role would suit an individual with previous experience in transactional and balance sheet reconciliations, ideally in a high-volume, fast-paced environment. The role will also support the continued automation of Allica’s reconciliations, so would suit applicants with an interest in finance technology, automation and AI adoption.

Principal Accountabilities

• Manage daily reconciliation of Bank Accounts.

• Perform primary investigation on the unreconciled items.

• Able to understand the variances and communicate the same to relevant stakeholders across the business in a timely manner.

• Use effective data analysis to explain, investigate and action appropriate solutions for errors and discrepancies with the relevant stakeholders.

• Confidently and proactively lead discussions to resolve outstanding issues

• Build and implement additional and ongoing reconciliations as required.

• Provide support in testing and implementation of automated bank reconciliations on current and future projects.

• Support the year-end audit process, working in close partnership with external auditors.

• Working across the wider finance function across month-end processes and on ad hoc projects

Personal Attributes & Experience

• Qualified/semi qualified CA/ACCA or equivalent, ideally with experience (1-2 years for Qualified and 2-3 years for semi qualified) with Top accountancy firm/industry.

• Strong attention to detail with the ability to identify and resolve variances.

• Proven experience of reconciling high-volume transactions is essential.

• Great data analysis skills with the ability to interpret and manipulate varying sources of data/reconciliations.

• Have the ability to work autonomously and take initiative as required whilst working well within a team

• Strong time management skills and the ability to work well under pressure.

• Strong skills in MS Office, especially Excel.

• Good understanding of accounting principles and practices.

• Ability to adapt to UK business hours to ensure seamless collaboration.

• Experience of working in the FinTech/Banking/Financial Services industry is desirable.

• Experience utilising AI tools for process improvement and automation is desirable.

• Experience working in any of Automated Reconciliation tool would be an advantage.

Working at Allica Bank

At Allica Bank we want to ensure our employees have the right tools and environment in which to succeed in their role and in support of our customers.

Our employees are at the heart of everything we do, so our benefits are designed with you in mind:

• Full onboarding support and continued development opportunities

• Options for flexible working

• Regular social activities

• Pension contributions

• Discretionary bonus scheme

• Private health cover

• Life assurance

• Family friendly policies including enhanced Maternity & Paternity leave

Don’t tick every box?

Don’t worry if you don’t have all the skills or requirements listed on the job description. If you think you’ll be a good fit, we’d still love to hear from you!

Flexible working

We know the ‘9-to-5’ isn’t right for everyone. That’s why Allica Bank is fully committed to flexible and hybrid working. Please let us know what is best for you and, if we can, we will do our best to accommodate.

Diversity

We’re a diverse bunch here at Allica, with all kinds of experiences, backgrounds and lifestyles. Our openness and differences make us stronger, and we want everybody to feel comfortable bringing as much of themselves to work with them as they like.