Finance Reconciliations Manager
The Finance Reconciliations Manager will oversee the rollout and management of a new cloud-based reconciliation tool, ensuring the efficient and accurate reconciliation of ticketing, licensing, and other revenue channels.
Key Responsibilities:
* Leadership and Team Management:
o Manage and lead a team of reconciliation specialists, fostering a culture of excellence and continuous improvement.
o Assign tasks, monitor performance, and provide regular feedback to ensure team objectives are met.
o Provide training and development opportunities to enhance team skills and knowledge.
o Act as the primary point of escalation for reconciliation issues, providing guidance and resolution strategies.
* Implementation of the Reconciliation Tool:
o Lead the rollout of the new cloud-based reconciliation tool, coordinating with internal departments and external vendors to ensure a seamless implementation.
o Oversee the definition and documentation of reconciliation requirements across ticketing, licensing, and other revenue streams.
o Monitor system testing, troubleshooting, and validation processes, ensuring the tool aligns with organizational needs.
o Lead the migration of existing reconciliation processes to the new platform, ensuring data accuracy and operational continuity.
* Reconciliation Oversight:
o Develop, implement, and monitor reconciliation policies and procedures to ensure accuracy, efficiency, and compliance.
o Oversee the reconciliation of multiple revenue streams, ensuring discrepancies are identified and resolved promptly.
o Ensure compliance with relevant financial regulations, including public sector governance standards and audit requirements.
o Support the integration of new revenue streams into the reconciliation platform as they are developed.
* Stakeholder Engagement and Reporting:
o Act as the key liaison with finance, operations, IT, and external vendors to support reconciliation activities and tool rollout.
o Provide regular updates to senior stakeholders on the progress of the reconciliation rollout and key performance metrics.
o Prepare detailed reconciliation reports, including analysis of trends, discrepancies, and opportunities for improvement.
o Represent the reconciliation function in internal and external audits, ensuring compliance and transparency.
* Continuous Improvement:
o Identify opportunities to optimize reconciliation processes, leveraging the capabilities of the cloud-based tool and automation technologies.
o Develop strategies to enhance the accuracy, timeliness, and efficiency of reconciliation activities.
o Develop and optimize financial policy, procedural, and training documentation.
o Stay up to date with industry best practices and financial regulations to ensure the organisation's reconciliation processes remain cutting-edge.
Qualifications and Experience:
* Essential:
o Bachelor's degree in Finance, Accounting, Business, or a related field.
o Professional qualification such as ACA, ACCA, or CIMA.
o Minimum of 5 years of experience in financial reconciliation or financial operations, with at least 2 years in a leadership role.
o Proven experience in managing the rollout of financial or reconciliation systems in a large organization.
o Experience in development and oversight of financial controls, policies, and procedures.
o Strong knowledge of public sector financial regulations, including compliance and audit standards.
o Strong technical accounting skills and knowledge of accounting standards.
o Excellent interpersonal and communication skills.
o Ability to work on own initiative, as part of a team and as leader of a group.
* Desirable:
o Experience in ticketing, licensing, or similar revenue channels.
o Have project management skills and experience.
o Familiarity with cloud-based reconciliation tools or financial platforms.
o Knowledge of the Code of Practice for the Governance of State Bodies and Value for Money principles.