Banking Assistant

Banking Assistant

Haywards Heath
up to £27,000 depening on experience
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We’re First Central Insurance & Technology Group (First Central for short), an award-winning innovative insurance and technology organisation, delivering market-leading motor insurance, underwriting, distribution, finance, technology and legal services.

We currently have an exciting opportunity for a Banking Assistant to join our Finance team. Working flexibily, you'll spend the majority of your time working from home with a day (per week) in the office at Haywards Heath, West Sussex, of course, its your choice - if you prefer to be in the office more - thats good with us too.

You'll be responsible for carrying out daily treasury and banking activities, which include cash management, funding and reporting and assisting the Banking manager with a range of tasks and projects

To be successful in this role, you’ll need to have:

  • experience of the treasury function and bank reconciliations

  • problem solving skills, with the ability to identify problems and adopt a logical approach to resolving problems

  • strong double entry bookkeeping understanding

Job responsibilities:

  • Prepare payments for processing whether Cheque or Electronic and ensuring they are approved in accordance with the Delegation of Authority Matrix

  • Ensure all Audit logs are maintained for processing payments

  • Update cashflow/liquidity forecasting for the group and its subsidiaries

  • Schedule and monitor the approval of the monthly money movements across the group

  • Conduct the daily cheque processing and cash banking procedures

  • Maintain payments timetable for all the Group, UK, Gibraltar and Guernsey

  • Investigate and resolve queries raised by stakeholders in operational teams across the business

  • Record all Insurance recoveries received and upload onto the relevant Claims system

  • Act as a key contact with the corporate bank (RBS) for operational activity

  • Ensure bank accounts have sufficient funding to enable the business to meet all commitments on time

  • Ensure the business gains optimum return on cash by use of overnight deposits, money markets and short-term investments

  • Key contact for Operations and responsible for providing them with an efficient service

  • Assist in the preparation of key board reporting packs

  • Understand and use the on-line banking facility as well as supporting other users of the system across the business

  • Support the other finance teams in transactional investigation

  • Maintain accurate and up to date Process Notes

  • Responsible for the timely and accurate processing of the Treasury inbox, which consists of business enquiries into payment and cash processing

  • Ensure compliance with company and other relevant standards / regulations at all times

  • Maintain department risk registers (as applicable), providing evidence and commentary for controls, updates for Mitigation Actions and maintaining control matrices and attestations

Job-specific competencies
Experience & knowledge

  • Experience of the treasury function and bank reconciliations

  • Experience in performing detailed and complex transactional reconciliation work

  • Strong double entry bookkeeping understanding

  • Solid understanding of the banking requirements and processes

  • High level of emotional intelligence and self awareness

Skills & Qualifications

  • Excellent communication skills, both verbal and written

  • Intermediate Excel skills

  • Good time management and organisation skills, with the ability to meet tight reporting deadlines

  • Problem solving skills, with the ability to identify problems and adopt a logical approach to resolving problems

  • Excellent numeracy skills

  • Strong analytical skills and ability to drive process improvement, based upon analysis of data

  • Work effectively under pressure and think clearly and logically in challenging situations


  • Results driven with a constant eye on the detail and ability to relate role outomes to the customers of the business.

  • Inquisitive nature that allows informal collaboration with other departments and colleagues across the business

  • A driven attitude can measure their own performance through KPI’s and deadlines

Are you the person we’re looking for? If so, we look forward to hearing from you. Apply today!

What can we do for you?

We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…

  • Fantastic training and development opportunities
  • Employee benefit packages to suit your lifestyle
  • Flexible working
  • YOUday – we give you an extra day off to celebrate a special day
  • The opportunity to take a paid day off each year to do charity work
  • A health cash plan
  • Help with travel expenses
  • The opportunity to buy additional holiday
  • Company pension scheme
  • Group life assurance
  • Enhanced maternity and paternity pay
  • Professional subscription fees paid

Employee wellbeing is high on the agenda here too. We provide discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.

For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Talent team.

View more about our Benefits

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86% of people would recommend a friend to work at First Central

Based on 164 Glassdoor reviews (March 2022)


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Flexible working

We support colleagues who wish to work flexibly whilst meeting the needs of the business.


If it’s your birthday or you just fancy some me-time, get an extra day off for whatever you want.

Holiday Extra

We give you two opportunities each year to buy or sell up to five days of holiday.


Get a day off each year to take part in volunteering activities.

Health cash plan

Claim money back on your healthcare costs, such as dental check-ups and eye tests.

Season ticket loan

We provide interest-free loans to cover the cost of season tickets for rail, bus or car parking.