Job Description

Location:

Hybrid working with 5 days per fortnight in our Head Office (Leek, Staffordshire) and the remaining time remotely.

Employment type:

Full-time, permanent position.

Salary:

30,000 to 35,000 depending on experience

Working hours:

35 hours per week, worked flexibly.

Reports to:

Head of Financial Control

Direct Reports:

None

The Organisation

Leek Building Society is an award winning, highly admired, local building society that is owned and trusted by its members.



Were a great place to work, with an exceptional culture, but dont just take our word for it. We ranked in the

top 10 of UK employers, and the top 100 of global employers in the Inspiring Workplaces Awards 2024

, and were on a mission to become even stronger.



Were also a socially responsible, inclusive employer, deeply committed to ensuring that everyone is supported to perform at their best.



Youll be joining the business at a fantastic time of growth, with a transformational investment in our systems, people and processes to put our customers at the heart of everything we do.

Job Purpose & Scope

To maintain the accounts of the Society in an orderly manner to enable the Society to properly discharge the duties imposed upon it by the relevant Building Societies legislation. Emphasis will be placed on reconciling all Bank Accounts and Ensuring the Finance System is showing the correct balance for mortgages and savings. Along with the reconciliation the role will also be performing the Back Office function for the processing of Swaps and Swap Resets.

Duties and Key Responsibilities

MAIN ACTIVITIES & KEY TASKS




Bank & Nominal Ledger Reconciliations:

To prepare bank reconciliations on a daily basis for the main bank accounts (to be defined) Prepare the daily mortgage reconciliation from Summit to the general ledger, including investigation and rectification of any differences. Prepare the daily savings reconciliation from Summit to the general ledger, including investigation and rectification of any differences.


Month end Tasks(monthly and quarterly):

Preparation of the Society prepayments schedules monthly, posting them to the General Ledger and reconciling them. Preparation of the accrued income for the Society monthly, posting it to the General Ledger and reconciling them. Preparation of the Society accruals schedules monthly, posting them to the General Ledger and reconciling them. Quarterly preparation of the Impairment calculation and investigate any changes in the value.


Daily Back Office Swap tasks:

Maintaining an accurate log of what swaps are due to be reset each day. Performing the calculation for the value of the swap payments/receipts the society should be actioning. Keeping all records up to date. Transacting any swaps payments/monitoring for any swap receipts in the bank account. Producing a daily listing of what Derivative Exposure the Society has.


Ad hoc Activities:

To produce a spreadsheet report recording daily, monthly and year to date key financial data and distribute to Senior Management. Data include savings net flows, number of new/closed accounts, mortgage completions/redemptions, number of mortgages offers and commitments. To process unpaid/returned cheques onto Summit customer account, prepare general ledger journal and send written communication to customer advising them of the transaction. To regularly liaise with branch and agency staff regarding queries which arise and deal with a wide range of telephone enquiries from branches, agencies, customers, and the bank (e.g. cleared cheques, stopped cheques, cheques over limit, invoice payments etc) To assist in the processing of the daily release of mortgage advance funds and customer savings withdrawals by electronic transfer To prepare and input general ledger journals for transfer of funds between banks accounts. To input journals to general ledger as required (including automated upload of other journals) Production of the reports required for the Leek United Charitable Foundation and present them as and when required to. To perform any other duties as may reasonably be required

Person Specification

Qualifications & Knowledge

To be working towards an accounting qualification is desirable but not essential (cost of studies would be supported)

Experience

PC skills with basic knowledge of Excel (some knowledge of Oracle Netsuite is desirable but not essential)
Previous accountancy experience would be advantageous, although training would be provided.

Skills & Abilities

Ability to perform duties accurately and to be numerate essential. Basic knowledge of accounting procedures required. Excellent communication and interpersonal skills required. Ability to work on own initiative or as part of a team essential

Other Requirements

An approximate period of 6 months training would be required to competently perform the role with ongoing training in other areas thereafter. The ability to use initiative, effectively plan, prioritise, and switch between tasks is essential to achieve end of day deadlines. The majority of duties require a methodical and logical approach as the nature of the role tends to be problem solving, i.e. reconciliation of figures. A Basic DBS check will be undertaken upon an offer of employment.

What benefits are on offer:

Competitive salary rates 35 hour working week (full-time) Contributory Stakeholder Pension Scheme Free health screening Minimum of 23 days paid holiday per annum plus bank and public holidays Parental Schemes Sick Pay guaranteed for 6 months for major illnesses Holiday purchase/sale scheme Life assurance of 4 times your annual salary Employee assistance programme Continuous development opportunities Were open to discussing working flexibly Onsite gym available to employees

If the above sounds like something youd thrive at, wed love to hear from you