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Junior Insolvency Cashier

Junior Insolvency Cashier

Posted 30 April by eFinancialCareers
The role will be within Interpath's central cashiering team providing support to the firm's client-facing insolvency teams. Our cashiering function is a virtual team consisting of nine cashiers. This opportunity has become available due to a member of the Cashiering Team retiring.

The team is a vital function to Interpath's insolvency practice as cashiers are responsible for ensuring statutory deadlines are met, payments and bank reconciliations are completed on time, and cashiering policies are strictly adhered to. There are various responsibilities to this role which are laid out below

Key Accountabilities:
  • Ensuring strict adherence to the firm's treasury policies and procedures.
  • Management of insolvency estates bank accounts.
  • Managing the prompt submission of account opening and closing requests.
  • Liaison with banks, ensuring the effective management of insolvency estate accounts.
Job Requirements:
  • Proactively managing caseloads, ensuring adherence to company policies and regulatory deadlines.
  • Reviewing transactions and supporting documentation, ensuring these are correct prior to processing on the Insolvency Practitioners' System (IPS) case management application.
  • Ensuring cheques received are recorded, banked and input onto IPS in accordance with the firm's policies.
  • Printing of cheques and processing of online electronic payments.
  • Completing the reconciliation (balancing) of bank accounts, including the closure of accounts where applicable.
  • Opening, administering and closing of bank accounts, liaising with the various banking relationship teams.
  • Reviewing and validating supplier and creditor bank details, to prevent fraud and money laundering activities.
  • Archiving of insolvency cases and accounts, ensuring the completion of all compliance tasks.
  • Filing of relevant supporting documents in the firm's document management system.
  • Liaising with engagement teams or banks, including escalating matters as appropriate.
  • GCSE English and Mathematics desirable
  • Strong organisational skills with the ability to prioritise effectively, responding to changes in workload and priorities.
  • Excellent verbal and written communication skills.
  • Strong attention to detail is key due to the management of financial accounts (although formal accounting skills or qualifications are not necessary).
  • The ability to remain calm and professional in times of stress.
  • Experience of IPS, banking or working in a financial services environment would be desirable. However, this is a junior role so full training would be provided for the right candidate.
  • Annual leave 26 days (in addition to Public/Bank Holidays)
  • Private medical insurance
  • Life Assurance (4x salary)
  • Group Income Protection
  • Holiday buy / sell (up to 10 days via salary sacrifice)
  • Workplace pension scheme
  • Discretionary bonus scheme
  • Eye test reimbursement
  • Health assessments
  • Discounted gym membership
  • Dental Insurance (optional, BUPA)
  • Critical Illness Insurance (optional)

Reference: 52479007

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