High Automation Risk
This role has an above-average probability of significant AI or automation disruption. Consider upskilling and monitoring AI tooling in this sector.
Reconciliations Officer - 35883
👤 For candidates
🤖 Enhance with AI
- ›Automate routine reconciliations using Excel macros or Power Query.
- ›Leverage AI tools for anomaly detection in financial data.
- ›Upskill in data visualisation for clearer reporting insights.
📈 Disruption outlook
% risk of significant disruption
🎓 Learn now
📚 For full-time, part-time & evening courses on the Isle of Man, visit University College Isle of Man (UCM)
🏢 For employers
🔄 Alternatives
Automates routine reconciliation and reporting tasks efficiently.
Cloud-based finance platform with automated reconciliation features.
Blend automation with human-led exception handling.
⚡ Recommendation
🔀 Hybrid approachRoutine tasks can be automated; retain staff for exceptions and process improvement.
Microsoft Copilot & M365
Automate reconciliation and notification workflows.
Accelerate data analysis and anomaly detection.
Visualise reconciliation trends and exceptions for management.
Bookkeeping, Accounting, and Auditing Clerks
O*NET 43-3031.00
🏢 For Employers
This role scores highly for automation potential. You may want to consider a technological solution - or redesign the role to focus on tasks that benefit from human judgement.
👤 For Candidates
This role is highly automatable. Unless you can augment your work using AI tools, long-term prospects in this area may be limited. Consider building complementary skills that are harder to automate.
Job Description
Automation Risk
This role contains a high proportion of routine, rule-based tasks such as daily reconciliations and data monitoring, which are increasingly automatable with modern accounting software and RPA tools. However, tasks involving process improvement, exception handling, and cross-team collaboration still require human judgment and creativity, resulting in high but not total automation risk. GenAI and digital tools can augment many reporting and documentation tasks, exposing the role significantly to AI.
Task analysis
- Perform daily reconciliations of Payment Service Provider (PSP) settlements and balances.
- Monitor and maintain up-to-date PSP settlement and balance data.
- Assist Finance team members with queries and ad hoc financial projects.
- Identify and report discrepancies found in financial records.
- Contribute to process improvement initiatives for reconciliation efficiency and accuracy.
- Prepare regular reconciliation reports for management review.
- Ensure compliance with internal controls and regulatory requirements during reconciliation.
- Support audit processes by providing accurate reconciliation documentation.
Occupational Classification
UK Salary Benchmark
Financial service activities, except insurance and pension funding · ONS ASHE 2024 annual earnings
👤 For Candidates
AI & future-of-work guidance
🤖 Enhance with AI
- ›Automate routine reconciliations using Excel macros or Power Query.
- ›Leverage AI tools for anomaly detection in financial data.
- ›Upskill in data visualisation for clearer reporting insights.
📈 Disruption outlook
% risk of significant disruption
🎓 Learn now
📚 For full-time, part-time & evening courses on the Isle of Man, visit University College Isle of Man (UCM)
🏢 For Employers
Strategic hiring options & technology alternatives
🔄 Alternatives
Automates routine reconciliation and reporting tasks efficiently.
Cloud-based finance platform with automated reconciliation features.
Blend automation with human-led exception handling.
⚡ Recommendation
🔀 Hybrid approachRoutine tasks can be automated; retain staff for exceptions and process improvement.
Microsoft Copilot & M365
Automate reconciliation and notification workflows.
Accelerate data analysis and anomaly detection.
Visualise reconciliation trends and exceptions for management.
Key Skills
Knowledge Areas
O*NET Competency Skills
Alternative Career Paths
Analyze financial data and trends to support business decision-making.
Manage outgoing payments and vendor relationships within the finance function.
Assist in the examination and verification of financial records for compliance and accuracy.
Oversee daily finance operations and support process improvement initiatives.
Also Consider
🔥 Hot Technologies
In-demand tools for this occupation (O*NET)
Work Activities
General work activities from O*NET
- Working with Computers
- Getting Information
- Documenting/Recording Information
- Establishing and Maintaining Interpersonal Relationships
- Communicating with Supervisors, Peers, or Subordinates
- Identifying Objects, Actions, and Events
- Organizing, Planning, and Prioritizing Work
- Processing Information
- Performing Administrative Activities
- Communicating with People Outside the Organization
- Making Decisions and Solving Problems
- Updating and Using Relevant Knowledge
- Evaluating Information to Determine Compliance with Standards
- Monitoring Processes, Materials, or Surroundings
- Analyzing Data or Information
Anthropic Economic Index
Real-world AI adoption data from millions of Claude conversations · Dataset ↗
Observed Claude Usage
31%
of conversations
Classic Auto. Risk
98%
Frey & Osborne
Job Zone
3/5
Medium prep
O*NET Median Salary
£32k
US ref. $40k · fx 0.79
Occupational family: Office and Administrative Support
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