Reconciliation Executive

Job title: Reconciliation Executive

Company: Cynergy Business Finance


Job description: Application Deadline: Wednesday 28 May 2025Working Pattern – Hybrid 3 days office / 2 days homeAbout usCynergy Business Finance is our asset-based lending (ABL) arm of Cynergy Bank Plc.Funding against business assets such as receivables, plant & machinery, inventory and property can provide a flexible, fast and efficient way to pursue new business opportunities for a number of different objectives including; growth, acquisition, turnaround and expansion. We offer funding, between £500,000 and £25,000,000 per eligible business, to SME businesses that want to scale up and grow. We also offer cash flow loans and export-based receivables financing.Our human digital approach of blending traditional relationship management with digital technology enables the team to focus on delivering an exceptional customer experience.The team have extensive collective experience in commercial and corporate lending.Leading the way with Asset Based Lending

• Size – Working capital and term financing for trading businesses requiring finance from £500,000 up to £25,000,000.
• Assets – Financing business assets including revolving assets (receivables and inventory) and fixed assets (Equipment, Plant and Machinery and industrial and commercial property).
• Events – Supporting multiple situations including acquisition, growth and expansion, re-finance and turnaround.
• Human Digital – Outstanding digital technology and great people coming together to enable excellent service to our clients.
• Speed and Surety – Fast, positive and assured, ensuring that our clients can confidently manage and develop their businesses.

For more information on Cynergy Business Finance VisitCompany BenefitsCompetitive Salary and Company Bonus
Holiday allowance plus bank holidays
Option to purchase an additional 10 days holiday
Pension contribution and Life Assurance
Income Protection Scheme and Season Ticket Loan
Private Medical Insurance and Health Check (After Probation)
Electric Car Scheme and Money Coach (After Probation)Responsibilities:

• Proactively manage all aspects of the client month end Reconciliation process across an individual portfolio of confidential and disclosed invoice discounting clients.

• Individual portfolio of up to 80 clients.

• Monitor client ledger performance and report adverse trends to Relationship team.

• Ensure timely completion of client reconciliations monthly ensuring CBF reserves are held in accordance with policy and clients are compliant with covenants. Prioritise completion of high risk graded clients in line with the Month End Reconciliation SOP.

• Conduct a thorough review of Bank statements reporting any concerns to the Relationship team.

• Report any material concerns or reserves to the Relationship team.

• Attend and Contribute to the Client Portfolio Review meetings on an ad hoc basis and voice any material concerns.

• Provide assistance to the wider Relationship team as and when required.

• Maintain thorough records and provide necessary feedback and reporting to Head of Portfolio Management and Relationship Managers.

• Maintain delivery of a high-quality service to clients.

• All activity is undertaken within the scope of overseeing the maintenance of the collateral being funded by CBF.

• Understand CBF’s and the wider Bank’s products and services, and proactively identify and action sales opportunities in order to best meet customer needs.

Adherence with the Bank’s AML policies and procedures, with vigilance at all times of the conduct of customers and debtorsEssential Knowledge & Experience

• Hard working, structured, analytical individual required. Must be able to work unsupervised and to deadlines, applying a set of required parameters accurately and consistently, by analysing and transposing a range of data sources into Excel.

• Significant expertise in Excel necessary (including pivot tables, macros, data management and conditional formatting).
• Strong numeracy and interpersonal skills necessary.
• Experience of invoice finance facility workings preferred but not required

Behavioural Attributes:

• Willingness to learn and develop

• Excellent attention to detail

• Proactive

• Self motivated

• Team Player

Cynergy Business Finance is the asset-based lending subsidiary of Cynergy Bank.We are committed to delivering a comprehensive set of services to meet the evolving needs of our clients and provide a range of finance solutions, between £500,000 and £20,000,000 per eligible business, against business assets such as receivables, plant & machinery, inventory and property. We also offer Block Discounting, cash flow loans and provide complementary export funding.Asset Based Lending is exempt from regulation by the Financial Conduct Authority and the Prudential Regulation Authority

Expected salary:

Location: Manchester

Job date: Thu, 15 May 2025 22:52:12 GMT

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