Next PLC

Finance Coordinator - Head Office Banking

Next PLC
Leicester, Leicestershire, UK
Competitive salary + benefits
22 Feb 2024
07 Mar 2024
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

Job Description


A key member of the Head Office Banking team, where you will support the team in processing over £3bn in payments annually, across 100 bank accounts. You will also be responsible for producing timely and accurate bank reconciliations.

The role sits within the wider Finance Operations team, supporting Next’s Retail, Online, and Total Platform Partner businesses.


Cash Book Processing

  • Maintain integrity of company cash books in compliance with company policy, ensuring the reconciliation of bank statements to the cashbooks (general ledger).
  • Adhere to the security requirements involved in the handling of cash and cheques.
  • Facilitate the processing and approval of payments across multiple platforms and Banks.
  • Investigate and escalate queries and issues with the appropriate Departments internally and with Third Parties where appropriate.
  • Support month-end reconciliations and revaluations.
  • Identify opportunities for streamlining and enhancing the payments and bank reconciliation process

Payment Processing

  • Prepare & issue for authorization Bacs, Faster Payments & Priority payments for all areas of the business including Accounts Payable, Payroll and Customer Services.
  • Ensure the correct payment type is used on requisitions, challenging those that do not meet current banking procedures.
  • Ensure departmental authorisation of payments is in line with Company policy.
  • Organise & obtain finance authorisation in line with Company policy.
  • Manage and send payments to ensure they debit the correct bank account on the correct date.
  • Process cheques by exception including the issue & authorisation according to Company policy.
  • Ensure that all payments relating to invoices are redirected to the Accounts Payable department.
  • Ensure any high value payments are registered with Treasury Department and the appropriate exchange rate is used where required


  • Experience in working in a fast-paced, high volume banking operations or treasury environment.
  • Knowledge and experience of working with excel to an intermediate level
  • Familiarity with operations involving different currencies in banking and accounting.

About Us

You know Next, but did you know we’re a FTSE-100 retail company employing over 35,000 people across the UK and Ireland. We’re the UK’s 2nd largest fashion retailer and for Kidswear we’re the market leader. At the last count we have over 500 stores, plus the Next Online and it’s now possible to buy on-line from over 70 countries around the world! So we’ve gone global!

About some of our Benefits

  • ​25% off a huge selection of Next, Lipsy & Victoria's Secret products
  • Company performance based bonus
  • Sharesave scheme
  • On-site Nursery available; OFSTED outstanding in all areas
  • 10% off most partner brands & up to 15% off Branded Beauty
  • Early VIP access to sale stock
  • Access to fantastic discounts at our Staff Shops
  • Restaurants with great food at amazing prices
  • Access a 24/7 digital GP and other free health and wellbeing services
  • Free on-site parking

We aim to support all candidates during the application process and are happy to provide workplace adjustments when necessary. Should you need support with your application due to a disability or long-term condition, feel free to get in touch with us by email (please include 'Workplace Adjustments' in the subject line), or call us on 0116 284 2486 and leave a voicemail.

For further information, and to apply, please visit our website via the “Apply” button below.

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