Cashier - Restructuring

Job description

AutoReq ID

135091BR

Job Title

Cashier - Restructuring

Country

United Kingdom

Location

London

Function

Deal Advisory

Service Line

Restructuring

Service Line Information

In Restructuring our clients and wider stakeholders vary considerably and include corporates (from mid-market to blue-chip), lawyers, hedge funds, lenders, PE houses, and public sector organisations.

Our service offerings develop in line with market demands and include advice on:
- Insolvency - both execution and advisory
- Exit planning and implementation
- Cash management - both crisis and strategic
- Lender advisory
- Corporate financial restructuring
- Operational restructuring, including turnaround, planning and implementation
- Impaired loan advisory services
- Chief restructuring officers
- Insurance solutions - insolvency services aimed exclusively at insurance companies.

KPMG Overview

KPMG is part of a global network of firms that offers Audit, Tax & Pensions, Consulting, Deal Advisory and Technology services. Through the talent of over 16,000 colleagues, we bring our creativity and insight to our clients’ most critical challenges.

With offices across the UK, we work with everyone from small start-ups and individuals to major multinationals, in virtually every industry imaginable. Our work is often complex, yet our vision is simple: to be the clear choice for our clients, for our people and for the communities we work in.

Job Description

Job Title - Cashier - Restructuring
Function - Advisory
Service Line - Restructuring
Location - London

The Role


KPMG LLP's national restructuring practice has over [600] staff in [25] offices around the UK. We provide two distinct types of service: restructuring advice to companies who are under performing or experiencing liquidity problems and recovery advice and assistance to insolvent companies, their creditors and other stakeholders.

KPMG LLP has long established restructuring and recovery teams in the UK and has advised on many of the major company restructurings as well as handling some of the highest profile corporate insolvencies. The Restructuring team offers a range of services to both companies and their stakeholders, which include independent business reviews; operational and financial restructuring; cash management; managed exits; general insolvency advice and formal insolvency appointments.

We are currently looking for a Cashier to join the National Markets team within Restructuring, based in London. The role will involve working on insolvency assignments and will be office based.

Responsibilities


The successful candidate will be responsible for:
- Ensuring cheques received are recorded correctly, banked and input into IPS within the timescales set out in our cash procedures.
- Importing and processing of all available bank transactions files. Monitoring any automatically produced ‘direct receipts’ and ensuring these are dealt with promptly.
- Producing and processing ISA and CHAPS/faster payments.
- Printing of cheques including distributions for home office and when necessary across other data areas.
- Ensuring that all the above payment types have the correct backing documentation and are coded correctly.
- Processing bank transfer and journal transactions, ensuring that the correct backing documentation is attached and correct coding has been used.
- Monitoring ‘other actions’ to ensure transactions are dealt with within the correct timescale and liaising with engagement teams regarding any outstanding transactions.
- Reviewing ‘funds summary’ and ‘R&P diary’ reports to ensure all estate bank accounts are reconciled on a monthly basis and there are no late statutory returns.
- Closing estate bank accounts.
- Archiving IPS cases, ensuring all diary lines are signed off, bank accounts are closed and VAT journals have been completed.
- Liaising with banks and build relationships.
- Troubleshooting bank related issues.
- Being one of the first points of contact for staff with IPS/TPS and cashiering related queries.

The Person


The key skills required are:
- At least one to two years’ experience in a similar role, preferably in an insolvency practice but also in wider industry.
- Highly organised and have an ability to prioritise effectively.
- To have the flexibility to be able to respond to sudden and sharp changes in workload.
- Common sense and an eye for detail/accuracy.
- Excellent communication skills and the ability to remain calm and professional in times of stress.
- The confidence and ability to challenge more senior staff and correct coding and/or procedural errors identified.

Additional Information/Qualifications


Knowledge and experience of the insolvency accounting system, IPS would be an advantage.

Our Deal

If the chance to work with interesting clients and innovative technology wasn’t rewarding enough, we’ll motivate you in other ways too. At KPMG you can expect real responsibilities and opportunities to grow professionally.

‘Our Deal’ sets out all the different ways you’ll be rewarded at KPMG. Among other things you can benefit from honest conversations about your career as well as a range of other rewards. In all these ways and more, we have created an environment that can bring out the best in you.

Flexible Working

While some of our client-facing professionals can be required to travel regularly, and at times be based at client sites, we are supportive where possible of helping you to achieve a balance between your home and work demands.

We are happy to discuss individual requirements and our range of flexible working arrangements could be of interest. Furthermore, as part of the recruitment process, we can put you in touch with people who work flexibly so you can understand from them what our culture is like.

Applying with a Disability

KPMG are proud to be an inclusive, equal opportunity employer and we seek to attract and retain the best people from the widest possible talent pool. As a member of the Business Disability Forum we're committed to ensuring that you are treated fairly throughout our Recruitment Process. Should you be successful after the initial application stage, please discuss any reasonable adjustments that you may require, with your recruitment contact.

KPMG's commitment to diversity

KPMG consistently features in the Sunday Times Best Big Companies to work for, which has been recognised with a special achievement award to mark our 10 years in the Top 25. We are proud of the value we place on individuality; we want you to bring your full self to work and truly maximise your potential. We believe that your individuality helps us to deliver the best results for our clients. Diversity of background, diversity of experience, diversity of perspective - that's the KPMG difference. But, don't take our word for it, find out more about diversity at KPMG.

Returning to work after a break

At KPMG, we appreciate that returning to work after an extended career break can be daunting. We understand that those with experience who have taken a career break have a wealth of experience and knowledge to offer our organisation, which helps us to achieve our business goals. We will support you to refresh your skills, develop your confidence and provide a supportive network across the firm to help you best integrate into the working environment. This role welcomes applications for individuals who have been out of work for 18 months or more and who have previous relevant experience.

Policy for Agencies

KPMG has a commitment to sourcing candidates directly and as such we do not accept speculative CV’s from agencies. Please check here to see our policy on agencies:Policy