Reconciliation and Cash Management Specialist (12 month Fixed Term Contract)

Legal & General (L&G) is a leading UK financial services group and major global investor. 

We’ve been safeguarding people’s financial futures since 1836, and strive to build a better society, while improving the lives of our customers and creating value for shareholders. 

We are one of the world’s largest asset managers and provide powerful asset origination capabilities. Together, these underpin our retirement and protection solutions: we are an international player in pension risk transfer, in UK and US life insurance, and in UK workplace pensions and retirement income. 

Our global asset management business provides our clients and partners with complex, responsible investment solutions, working internationally across public and private markets. 

Who we are 

We are one of Europe’s largest asset managers and a major global investor across public and private markets.

Asset Management is a critical driver of our Group strategy. The business aims to work synergistically with our Institutional Retirement and Retail divisions to benefit our clients and customers, and deliver enhanced shareholder returns.  

Our investment philosophy and processes are focused on creating value over the long term. We believe that incorporating financially material sustainability criteria, when relevant to our clients, can create value and drive positive change. 

We’re currently looking to hire a Reconciliation and Cash Management Specialist to join L&G Asset Management on a 12 month Fixed Term Contract

As Reconciliation and Cash Management Specialist you’ll be Senior Oversight of the outsourced functions for Cash & Stock reconciliations, Overdrafts, interest claims & other cash related functions. Working collaboratively within the team, demonstrating flexibility and adaptability, delivering excellent client service

What you’ll be doing:

• Overseeing the outsourced Cash & Stock Reconciliations services and the outsourced Overdraft processes, while developing and building a strong reconciliation oversight function leveraging Data and MI
• Owning and resolving high‑value, high‑risk, and sensitive client breaks in an accurate and timely manner
• Improving overdraft monitoring to reduce overdrafts and associated costs, as well as managing interest claims for fails, overdrafts, and CSDR penalty fees
• Liaising daily with internal teams and external counterparties to address general cash‑related queries
• Ensuring adherence to relevant guidelines and regulations, including ISITC, CSDR, and CASS
• Managing tasks end‑to‑end, investigating and resolving issues, and reporting inconsistencies as appropriate
• Reviewing processes to identify potential improvements, ensuring a well‑controlled environment and a reduction in errors
• Supporting the team with resolving day‑to‑day operational issues and addressing anomalies to ensure elevated customer service and accurate transactions

Who we’re looking for:

• Strong reconciliation and cash management experience within either a lead or senior Middle office or Operations role
• Familiar with a Outsource provider Operating Model
  Knowledge of one of, CRD (Charles River) TLM(Smartstream) or Quasar would be preferable
• Experience of challenging working practices and adaptability to change
• Service commitment, delivery, and continuous improvement
• Evidence of effective working relationships with stakeholders
• Ability to understand issues and assist with finding innovative solutions to problems.
• Understanding of relevant guidelines and regulations
• Excellent communication skills both verbally and written

Whatever your role, we reward performance and behaviour with a package that looks after all the things that are important to you. Here are some of the benefits we offer:

• The opportunity to participate in our annual, performance -related bonus plan and valuable share schemes
• Generous pension contribution
• Life assurance
• Healthcare Plan (permanent employees only)
• At least 25 days holiday, plus public holidays, 26 days after 2 years’ service. There’s also the option to buy and sell holiday
• Competitive family leave
• Participate in our electric car scheme, which offers employees the option to hire a brand-new electric car through tax efficient salary sacrifice (permanent employees only)
• There are the many discounts we offer – both for our own products and at a range of high street stores and online
• In 2023, some of our workspaces were redesigned. Our offices are great spaces to connect and collaborate and have your wellbeing at the heart

At L&G, we believe it's possible to generate positive returns today while helping to build a better future for all. 

If you join us, you’ll be part of a welcoming, inclusive culture, with opportunities to collaborate with people of diverse backgrounds, views, and experiences. Guided by leaders with integrity who care about your future and wellbeing. Empowered through initiatives which support people to develop their careers and excel.

We care passionately about outcomes rather than attendance and are therefore open to discussing all kinds of flexible working options including part-time, term-time and job shares. Although some roles have limited flexibility due to customer demand, we accommodate requests when we can. 

It doesn’t matter if you don’t meet every single criterion in this advert. Instead, think about what you excel at and what else you can bring in terms of strengths, potential and connection to our purpose.