At a Glance
- Tasks: Support finance operations by managing accounts payable and receivable, bank reconciliations, and month-end tasks.
- Company: Join Renfold Brands, a passionate team dedicated to excellence in finance.
- Benefits: Enjoy flexible working hours, 25 days holiday, and a supportive work environment.
- Other info: Salary ranges from £27,000 to £30,000, with a Chiswick office commute required.
- Why this job: Be part of a dynamic team that values innovation and encourages questioning the status quo.
- Qualifications: 2-3 years of relevant experience, strong analytical skills, and proficiency in Excel and accounting software.
The predicted salary is between 27000 - 30000 £ per year.
Renfold Brands are looking for a Finance Assistant to support the Financial Controller and help run the day-to-day aspects of finance operations. This role will report to the Financial Controller.
Key Responsibilities:
- Accounts Payable (AP)
- Manage AP by processing supplier invoices, coding transactions, and posting them to Xero.
- Reconcile supplier statements and ensure timely payments, including posting related transactions to the bank.
- Liaise with suppliers to resolve invoice-related queries and discrepancies.
- Post supplier payments to the bank system and Xero, ensuring accurate reflection of expenses and balances.
- Accounts Receivable (AR)
- Manage AR by posting customer receipts into the bank system and Xero.
- Reconcile customer payments and handle remittance advice from clients.
- Chase outstanding receivables and follow up on customer queries related to payments.
- Ensure all AR bank postings are accurate and timely, matching payments to invoices.
- Bank Reconciliation:
- Reconcile bank accounts in multiple currencies (GBP, EUR, USD), ensuring accurate reflection of both AP and AR transactions.
- Process daily bank postings for both incoming (AR) and outgoing (AP) payments, ensuring financial accuracy and integrity.
- Perform monthly bank reconciliations, matching posted transactions with the general ledger.
- Month end
- Support month-end with accruals, prepayments and supplier reconciliation.
- Process employee expenses, Business Credit Card and reconcile petty cash transactions.
- Assist in preparing supplier payment reports and managing month-end reconciliations.
- Maintain accurate records of invoices and receipts in digital and physical formats.
- Assist with general finance tasks such as preparing supplier statements and managing payment schedules.
- Audit
- Support the FC in the annual audit process as required.
- Systems and processes
- Work with the FC to establish and implement a robust cost management and reporting process for cost centre owners.
- Actively drive process improvements to improve process efficiencies.
- Support a potential upcoming new ERP / accounting system integration as required.
- Support FC with ad-hoc queries.
Candidate Requirements:
- 2-3 years of relevant industry experience in a similar role is required.
- Comfortable with managing the transactional side of company accounts and knowledge of accounts payable / receivable principles.
- In-depth analytical skills, exceptional diligence and attention to detail are critical to be able to succeed in this role.
- Proficient Excel and good working knowledge of accounting and ERP software is required; knowledge of Xero, BrightPearl is a bonus.
Working with us:
We are a small but passionate team who love what we do. You will need to be a self-starter, able to hit the ground running and always up for a challenge. We are looking for someone who isn’t afraid of change and is happy to question the status quo. Someone who is confident and can work in a busy environment.
Other:
- Salary: £27,000 – £30,000 depending on experience
- Must have the legal right to work in the UK and be comfortable commuting to our Chiswick office in London
- Full-time with flexible start time (8-10am)
- 25 Days holiday
- Additional perks
Financial Assistant in City of London employer: Chelsea Peers
Renfold Brands is an excellent employer that fosters a dynamic and supportive work culture, ideal for those looking to grow in the finance sector. With a focus on employee development, flexible working hours, and a collaborative team environment, we empower our staff to challenge the status quo and drive process improvements. Located in Chiswick, London, we offer a vibrant workplace with competitive benefits, including 25 days of holiday and opportunities for professional growth.
StudySmarter Expert Advice🤫
We think this is how you could land Financial Assistant in City of London
✨Tip Number 1
Familiarise yourself with Xero and other accounting software mentioned in the job description. If you can demonstrate your proficiency in these tools during the interview, it will show that you're ready to hit the ground running.
✨Tip Number 2
Brush up on your knowledge of accounts payable and receivable principles. Being able to discuss specific scenarios or challenges you've faced in these areas will highlight your relevant experience and analytical skills.
✨Tip Number 3
Prepare examples of how you've driven process improvements in previous roles. This aligns with their desire for someone who isn't afraid of change and can question the status quo, making you a more attractive candidate.
✨Tip Number 4
Research Renfold Brands and their financial operations. Understanding their business model and any recent news will help you tailor your conversation and show genuine interest during the interview.
We think you need these skills to ace Financial Assistant in City of London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights relevant experience in finance, particularly in accounts payable and receivable. Use specific examples that demonstrate your analytical skills and attention to detail.
Craft a Strong Cover Letter:Write a cover letter that showcases your enthusiasm for the role and the company. Mention your familiarity with Xero or similar accounting software, and how your previous experience aligns with the responsibilities outlined in the job description.
Highlight Relevant Skills:In your application, emphasise your proficiency in Excel and any experience with ERP systems. Detail your ability to manage financial transactions accurately and efficiently, as this is crucial for the role.
Proofread Your Application:Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is essential for a finance position.
How to prepare for a job interview at Chelsea Peers
✨Know Your Numbers
Brush up on your financial knowledge, especially around accounts payable and receivable principles. Be prepared to discuss how you've managed invoices, reconciled statements, and handled customer queries in your previous roles.
✨Showcase Your Software Skills
Familiarise yourself with Xero and any other accounting software mentioned in the job description. If you have experience with these systems, be ready to share specific examples of how you've used them to improve efficiency or accuracy in your work.
✨Demonstrate Attention to Detail
Since this role requires exceptional diligence, prepare to provide examples of how your attention to detail has positively impacted your previous work. You might want to mention specific instances where your thoroughness helped avoid errors or improved processes.
✨Be Ready for Change
The company is looking for someone who isn't afraid of change. Think of examples from your past where you've successfully adapted to new processes or systems. Highlight your ability to question the status quo and suggest improvements.
