Next PLC

Finance Coordinator - Banking Operations

Recruiter
Next PLC
Location
Leicester, Leicestershire, UK
Salary
Competitive salary + benefits
Posted
18 Jun 2024
Closes
25 Jun 2024
Ref
66514
Approved employers
Approved employer
Contract type
Permanent
Hours
Full time
Experience level
Qualified accountant
Job Description

Role: Finance Coordinator - Banking Operations

Location: Head Office, Leicester

Salary £28,000 - £34,000

At NEXT, not only are we one of the UK’s largest fashion retailers, but we’re also one of the largest listed companies. Our Finance Operations department keeps the business going and the cash flowing. We manage over £5bn of sales and payments a year, across 500+ retail stores and circa 8 million active Online customers. With so much growth going on we also get stuck into projects supporting new business initiatives.

As a key member of the Head Office Banking team, 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 authorisation Bacs, Faster Payments & Priority payments
  • Ensure the correct payment type is used on requisitions
  • Ensure departmental authorisation of payments is in line with Company policy.
  • Manage and send payments to ensure they debit the correct bank account on the correct date.
  • Process cheques
  • 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

About you:

  • Experience in working in a fast-paced, high volume banking operations or treasury environment.
  • Intermediate excel skills.
  • Familiarity with operations involving different currencies in banking and accounting.
  • Fierce attention to detail
  • Ability to work under pressure and under your own initiative in a fast paced environment
  • An excellent communicator, to feel comfortable in meetings and liaising with all levels of management
  • Excellent customer service skills
  • You’re able to manage and prioritise your workload and have the flexibility to handle operational issues whilst still hitting key deadliness
  • This is a real opportunity for someone to progress their career in a FTSE-100 retail company employing over 35,000 people across the UK and Ireland.

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 most NEXT, MADE*, Lipsy*, Gap* and Victoria's Secret* products (*when purchased through NEXT)
  • 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 digital GP and other free health and wellbeing services
  • Free on-site parking
  • Financial Wellbeing - Save, track and enhance your financial wellbeing
  • Apprenticeship - Grow and develop on the job whilst gaining a qualification
  • Direct to Work - Discount online and instore, collect your items the next day for free from your place of work or local store
  • Support Networks - Access to Network Groups to empower and celebrate each other
  • Wellhub - Discounted flexible monthly gym memberships, with apps, PT sessions and more
Conditions apply to all benefits. These benefits are discretionary and subject to change.
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 headoffice_careers@next.co.uk (please include 'Workplace Adjustments' in the subject line), or call us on 0116 284 2486 and leave a voicemail. 
Apply Before 06/28/2024, 03:59 AM
For further information, and to apply, please visit our website via the “Apply” button below. 

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