Banking & Income Accountant PO1

Job Category : Financial

Location : ALEXANDRA HOUSE, London Borough of Haringey

Hours Per Week : 36.00

Start Date : Immediate Start

Start Time : 09:00

End Time : 17:30
Salary: £19.95

Banking & Income Accountant – PO1/2

Shared Service Centre | Finance

Role Purpose:

• To process the Council’s banking and income transactions.

• To support service areas in collecting income and making payments

• To resolve banking and income queries from internal and external customers

• To assist in the management of the Council’s treasury investments and borrowing & pension fund

• To reconcile and post cash, debit / credit card and banking transactions.

Main Specific Responsibilities:

• Prepare daily cashflows

• Post bank statements & resolve banking queries

• Reconcile and bank cheque payments received

• Provision of petty cash service on an interim basis until it is phased out

• Monitor and clear suspense accounts & undertake bank reconciliations resolving outstanding balances in a timely fashion. Proactively identify posting errors and propose on-going remedial action.

• Process BACs runs & initiate CHAPS payments according to agreed policies & protocols

• Undertake reconciliations between the Council’s general ledger and feeder systems such as Icon & Logotech resolving outstanding balances in a timely fashion. Proactively identify posting errors and propose on-going remedial action.

• Update treasury systems (Logotech) with deals and provide / review deal confirmations.

• Support banking projects and upgrades as required including system testing.

• Regularly monitor and clear queries / requests logged in the SSC case management system or other relevant email inboxes

• Provide ad hoc financial advice and support through all appropriate channels in use in the Shared Service centre – for example online guidance, a telephone helpdesk, CRM call systems etc. actively supporting a culture of self service

• Provide support and information to individuals authorising payments including creation, amendment and deletion of active users

• Contribute to the completion of the annual Final Accounts and to satisfactorily respond to internal and external audit queries in line with the Council’s current audit protocol

• Provide accounting supporting, including reconciliations, posting and monitoring of contributions and benefits paid to the Pension Fund.

• To deputise as required for the principal accountant banking & income and provide cover for other Accountants as necessary

• To undertake training and development in order to fulfil the requirements of the role

• Participate in all council staff management and development processes including appraisals, my conversation, finance forum etc.

• To satisfactorily respond to internal and external audit queries in line with the Council’s current audit protocol

• To undertake any other temporary duties consistent with the basic objectives and duties of the post.

Additional Duties for PO2

• To resolve more complex accounting problems and provide advice and support to senior officers.

• To contribute to external meetings with banking, treasury and pensions service providers and advisors and internal performance and budget meetings.

• To assist with the production of the year-end financial statements of the Pension Fund.

Knowledge, Qualifications, Skills and Experience (in addition to those on generic profile):

 Minimum of GCSE level Mathematics (or equivalent) plus demonstration of an aptitude for financial work

 AAT qualified or working towards a similar qualification; or experience of working in a finance service in a large organisation

 A minimum of three years experience of working in a financial, preferably banking, environment

 Excellent communication and analytical skills.

 Ability to work with internal and external stakeholders.

 Ability to exercise initiative and good judgement in delivering service and Council aims and objectives