Finance Operations, Team Lead Reconciliation

To effectively manage the Finance Operations Reconciliation function, to ensure the provision of accounting operations services to all MUFG Group clients. This role entails providing reconciliations, accounting and cash flow support to pension clients.

Key Accountabilities and main responsibilities

Strategic Focus

• Oversee the Finance Operations Reconciliation Team to ensure alignment with the company’s mission, strategy, and objective
• Enhance standardisation of business processes to drive operational performance
• Regularly review work practices and procedures to identify opportunities to improve quality or productivity
• Lead projects which provide a value added service and operational streamlining to the MUFG Group which facilitate retention of existing profitable business and profitable growth of the client portfolio

Operational Management

• Develop and implement changes to relevant policies and procedures within the Finance Operations Reconciliation Team to ensure service quality standards and adherence to the latest regulatory and legislative requirements
• Ensure timeliness and accuracy of bank and unit reconciliations, and key system processing
• Review reports and investigation outcomes on exceptions or flagged activities prepared by the Finance Operations Reconciliation Team
• Resolve or further escalate issues, incidents, and risks raised by Finance Operations Reconciliation Team for reporting internally to senior management
• Review and provide approvals where applicable on procedural updates for Finance Operations Reconciliation processes
• Ensure collaboration with internal functions (Operations, Business Support etc.) such as providing Finance Operations Reconciliation’s input where needed in operational enquiries or internal system enhancements
• Act as Finance Operations Reconciliation representation where needed for discussions, negotiations, resolutions etc
• Emphasise the importance of stakeholders’ relationships and the critical nature of the processes across the team

People Leadership

• Develop and increase skills within the Finance Operations Reconciliation Team
• Support with training, coaching and sharing of best practices with the Finance Operations Reconciliation Team
• Provide regular feedback to team members on day-to-day operational activities as part of performance evaluation

Governance & Risk

• Ensure that all operations and practices are compliant with legislative requirements and Company policies and to critically appraise internal practices to achieve best practice across the Finance Operations Reconciliation team

The above list of key accountabilities is not an exhaustive list and may change from time-to-time based on business needs.

Experience & Personal Attributes

• At least 5 years of relevant ORSO, pension funds or insurance’s bank reconciliation experience, preferably with cash flow management experience
• 1-2 years of experience with people management preferred
• Strong understanding of pension administration, legislation, laws and regulations
• Strong understanding of accounting concepts and reporting issues
• Demonstrate general knowledge and understanding of business wide processes, actively working with these areas to improve processes
• Proactive with problem solving and analytical skills with organised and methodical approach to work undertaken
• Must be able to make objective assessment of findings, with recommendations on way forward if appropriate
• Continuous improvement in the efficiency of team’s process and procedures
• Ability to work with limited supervision, and under pressure
• Sound computer skills (Excel, Word, PowerPoint etc) and General Ledger knowledge (PeopleSoft preferred)