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For Companies At a Glance
- Tasks: Manage payments, process invoices, and support financial reporting.
- Company: Join a dynamic team in the banking sector focused on financial excellence.
- Benefits: Gain hands-on experience with financial processes and potential for growth.
- Why this job: Perfect for detail-oriented individuals looking to kickstart their finance career.
- Qualifications: 12 months in accounts payable; strong Excel skills preferred.
- Other info: Opportunity to work with Oracle Fusion and enhance your financial acumen.
The predicted salary is between 28800 - 43200 £ per year.
Job Purpose:
The Accounts Payable Officer is to complete payments and control expenses by receiving payments, processing, verifying, and reconciling invoices. They are also responsible for the day-to-day management of all payment cycle activities in a timely and efficient manner.
The incumbent will be a key support to the business in ensuring adherence to the Branch Expense Policy and supporting the Financial Controller in monitoring appropriate financial controls within the local operations.
Key Accountabilities:
- Key point of contact for all Branch Expenses and Invoices
- Responsible for Branch third party payment process and procedures
- Assist in the preparation of statutory, tax and management reports.
- Key Branch contact for all London and Group for journal entries on cross border charges.
Invoice Administration
- Invoice management & processing,
- Processing of staff expenses according to Bank Policy
- Ensure all third-party payments are made in alignment with FAB LB expense & procurements policies
- Work with Manager to ensure correct VAT treatment for non UK invoices (including FAB HO recharges)
- Expense analysis and review of vendor records
- To raise any concerns over expense payments immediately to line manager
- Ability to liaise with external suppliers.
Journal and Reporting Assistance
- Journal creation & input across the Bank
- As required support the preparation of the quarterly and annual VAT returns
- Maintenance of Fixed Asset Register including running fixed asset verification process.
Teamwork
- To constantly consider improvements to the efficiency & effectiveness of the role but also the wider department
- Act as cover for other departmental staff
- Input into operational risk reviews, KRI reporting and similar
- Undertaking ad-hoc duties as directed by line or department manager.
- Assist in reviewing all related procedures.
Qualification & Experience:
Essential
- Minimum 12 months working within an account payable function
- Understand various VAT treatments when processing invoices
- Possesses strong attention to detail, organization, presentation & communication skills
Strong Preference
- Experience of Oracle Fusion AP & FA Applications or similar systems
- Ability to prepare ad hoc reports using Microsoft Excel and maintaining spreadsheets
- Experience of working in banking/ finance sector
- Compiled and submitted VAT returns for partial exempt entity.
Other
- Systems knowledge – High level of Excel expertise, well versed with MS Office.
Accounts Payable Officer (Junior level) employer: First Abu Dhabi Bank (FAB)
Contact Detail:
First Abu Dhabi Bank (FAB) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Accounts Payable Officer (Junior level)
✨Tip Number 1
Familiarize yourself with the specific software mentioned in the job description, like Oracle Fusion AP & FA Applications. If you don't have direct experience, consider taking online courses or tutorials to boost your knowledge and show your initiative.
✨Tip Number 2
Brush up on your VAT knowledge, especially regarding different treatments when processing invoices. Being able to discuss this confidently during an interview will demonstrate your understanding of a key aspect of the role.
✨Tip Number 3
Highlight any experience you have in expense management and invoice processing. Be ready to share specific examples of how you've handled these tasks in previous roles, as this will show your practical experience.
✨Tip Number 4
Prepare to discuss how you can contribute to improving efficiency within the accounts payable function. Think of any past experiences where you identified areas for improvement and be ready to share those insights.
We think you need these skills to ace Accounts Payable Officer (Junior level)
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Accounts Payable Officer position. Highlight key responsibilities and required skills, such as invoice management and VAT treatment, to tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience in accounts payable functions. Mention specific tasks you've handled, like processing invoices or managing expenses, to demonstrate your suitability for the role.
Showcase Your Skills: Detail your proficiency with relevant software, especially Oracle Fusion AP & FA Applications or similar systems. Also, highlight your Excel skills and any experience with financial reporting to stand out.
Craft a Strong Cover Letter: Write a personalized cover letter that connects your background to the job requirements. Discuss your attention to detail and organizational skills, and express your enthusiasm for supporting the Financial Controller and improving departmental efficiency.
How to prepare for a job interview at First Abu Dhabi Bank (FAB)
✨Know Your Invoices
Make sure you understand the invoice processing cycle thoroughly. Be prepared to discuss how you would handle discrepancies and ensure timely payments, as this is a key responsibility of the role.
✨Demonstrate Attention to Detail
Highlight your organizational skills and attention to detail during the interview. Provide examples from your past experience where these skills helped you avoid errors in invoice processing or expense management.
✨Familiarize Yourself with VAT Regulations
Since understanding VAT treatments is essential for this position, brush up on relevant regulations and be ready to discuss how you have applied this knowledge in previous roles.
✨Showcase Your Teamwork Skills
This role requires collaboration with various departments. Be prepared to share examples of how you've worked effectively in a team setting and contributed to improving processes or resolving issues.
