Payment Posting Manager

£35000 - £40000 per annum
23 Nov 2018
21 Dec 2018
Recruitment Genius Ltd
Contract Type
Full Time
This is an exciting opportunity to join the world's market leader in the highly specialized area of probate debt recovery as Payment Posting Manager based in their Manchester office.

Their compassionate and compliant approach is award-winning, and there's a reason for that. As probate partners of financial institutions, they understand that only they can make the business a success. This is why they like to make sure that their customers are looked after every step of the way.

The Company is committed to giving the highest standards of customer service and they achieve this through the on-going development of their colleagues. This is reflected in various awards they have received including Investors in People, Treating Customers Fairly, ICM DCA of the year and the Customer Service Excellence award.

This senior level position will report directly to the Global Payment Posting Manager and will have the opportunity to work directly with the CFO, the Global Controller and the Operational Leader on a regular basis.

They are looking for a dynamic and passionate manager who will take their Payment Posting team for UK and Ireland and transform it to a world class team and support the future expansion in other European countries.

o Provide oversight to the payment posters and sign off on Daily Payment Handling Processes:
- Making sure all payments received from all sources (mail, sage, barcode, etc) are posted and deposited within a 24-hour time line.
- Documenting all unposted payments onto an exception log and auditing this log on a weekly basis.
o Oversee daily tie out reconciliations and provide secondary signoff- Reconciling the payments posted with the deposits in the trust accounts.
- The payment posting team reconciles the payments posted to the collection system to the funds deposited in the accounts. Each day the payment posting manager should sign off on this daily tie out reconciliation.
o Review and Approve all remittances
- Reconciling trust liability with MIS to confirm remittance file totals
- Approve outgoing payments for remittances
- Approve Sales Invoices and Issue to clients
o Manage all Cash and corresponding Liability GL accounts in Accounting System and ensure all accounts are reconciled daily.
o Ensuring full adherence to Payment Posting global policy and responsible for maintaining local procedures up to date
o Manage the payment posting team
o Helping establish Payment Posting processes in case of future expansion

Desired Experience
- 7+ years of experience working in banking or financial services.

What's in it for you?
- Luxurious office environment in a superb location
- 31 days holidays per year including 8 bank holidays
- Reserved secure car parking spaces available
- Comprehensive benefits and discounts package