Revenue Reconciliation Supervisor

Revenue Reconciliation Supervisor

Are you a finance professional with a keen eye for detail and a desire to work for a nationally recognised, market leading organisation that promotes internal progression? Then this may be the role for you.

Our client is currently recruiting for a Revenue Reconciliation Supervisor whose primary purpose will be to ensure incoming revenue is accurately recorded and reconciled. You must ensure that client monies are properly accounted for and that the successful rollout of new payment technologies is implemented successfully. This role would really suit someone who is constantly looking to improve existing processes and initiate change within the department.

Our client is the market leading and most recognised provider of services in their sector in the UK. They operate from over 500 locations and have a client portfolio that includes institutional investors, corporate and private, as well as local authorities and NHS trusts. With an annual turnover of over £¼ billion they serve more than 60 million customers a year.

Revenue Reconciliation Supervisor – Role Responsibility

• You will act as a Supervisor to Assistant Revenue Accountants and your role will be to:
  • Ensure clear objectives are set and monitored
  • Daily/weekly/monthly tasks are managed
  • Workloads are balanced across the team
  • Coaching and development of employees skill sets
  • Constant “process improvement” mentality
  • Step in and assist to meet deadlines as required
• To effectively manage the reconciliation process for the company's bank accounts
• Ensure that all reconciliations pertaining to the revenue lines are fully reconciled to 3rd party source data and/or bank accounts
• Work with other Finance and Commercial functions to develop robust reporting of revenue lines to be delivered at Exec and Board level
• Oversee and complete journals and reconciliations throughout the month
• Ensuring process notes are written for the department
• Lead the cash management team
• Monitor cash in transit and identify receipts over 10 days old which have not credited our account
• Investigate banking or trading differences
• Investigate and follow up on non polling of site trading data
• Ensure the month end close process is fully completed, accurately and on time
• Investigate balances across all sites to ensure revenue reconciles against all payment types
• Completing own assigned reconciliations and performing review of subordinate's reconciliations
• Follow up on outstanding items or issues identified through the reconciliation process on a timely basis and highlight any risk or opportunity to senior management
• Ensure revenues for external clients are accurately recorded and properly reconciled, along with ensuring their revenue reporting requirements are adhered to.
• Liaise with external clients and auditors with information requests as and when required
• Play an integral role in ensuring robust processes are in place as and when the business or clients introduce new methods of payment to ensure all revenues are captured and recorded accurately and fully reconciled.
• Play an integral role in ensuring when new contracts are on-boarded so client requirements are met. This may involve reviewing bids or contracts prior to signing to ensure our client is compliant
• Liaise with third party suppliers and institutions on matters including but not limited to setting up new accounts, assigning merchant ID's, ensuring data received is correct and fit for use.
• Suggest or action process improvements and be involved in system changes when required to bring efficiency, control and accuracy to the function.
• Be expected to fulfil other ad hoc duties as and when required
• Work additional hours during month end to meet strict deadlines

Revenue Reconciliation Supervisor – The Ideal Candidate

• Part qualified to ACA, ACCA or CIMA level
• Experience of completing reconciliations is essential
• Previous experience in a Supervisor or Team Leader role
• Proficient in Excel use
• Experience of Oracle is preferred
• Experience with Business Intelligence tools (e.g. SQL databases, dashboards, data cubes) is preferred
• Experience in a multi-site role is preferred
• Experience of initiating and overseeing process improvements
• Good communicator
• Able to build professional relationships
• Ability to prioritise workload and perform under pressure
• Ability to meet deadlines
• Excellent attention to detail