Accounting Assistant
CurrentPrepare daily and monthly reconciliations for National Savings & Investments (NS&I) Retail, Help to Save (HTS), Help to Buy (HTB) & Tax Free Childcare (TFC) accounts on a timely, accurate basis Monitor HTB payment files to ensure delivery of payments via Commercial Bank, resolving and recording any faults as they occur.Prepare and issue Funding and Defunding letters daily to the Bank of England (BoE) before making transfers internally, and externally, to and from the BoE, so all accounts have sufficient funds to cover planned debits and credits.Make funds available to pay each customer who has won a monthly Premium Bond prize of up to £1M.Calculate and make transfers between retail product bank accounts to cover Faster Payments made in or out of those accounts during the day.Ensure balances don't go overdrawn by moving funds to the correct accounts or, where applicable, returning them to source.Manage accounts for the Tax Free Childcare (TFC), Help to Buy (HTB) and Help to Save (HTS) initiatives, moving customer deposits to the correct accounts, ensuring all applicable bonus payments are made, notifying management of Funds received from HMRC etc.Liaise cross-functionally with our Operations, High Risk Transaction, and Compliance teams, to protect the company from any unnecessary risk when making external payments. Issue funds by CHAP’s or Sterling Payments after customer complaints, or in situations where an urgent payment is needed due to key life events eg. house purchase or wedding.Complete Key Performance Indicator (KPI’s) details for the Treasury Management section of the Product Accounting department to demonstrate all departmental and regulatory timeframes have been adhered to, highlighting and reporting accordingly in the event that we may miss these. Prepare and produce reconciliations, monthly and yearly, for relevant stakeholders for the Funding and Defunding of our Retail products, as well as our HTS, HTB, and TFC Accounts.