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- Tasks: Join our finance team to manage accounts payable and receivable processes.
- Company: Elexon is a leading company in the energy sector, driving efficiency and innovation.
- Benefits: Enjoy hybrid working, 25 days holiday, private medical care, and more perks!
- Why this job: Be part of a dynamic team that values diversity and employee wellbeing.
- Qualifications: Previous experience in accounting roles and proficiency in MS Office required.
- Other info: This role offers a clear career path and opportunities for growth.
The predicted salary is between 24000 - 36000 £ per year.
Overview
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About the role
Join Elexon as a Finance Operations Assistant. This opportunity is ideal for a candidate with previous experience in an accounting transactional role. Hybrid working and excellent benefits available.
We have an exciting opportunity for a Accounts Payable & Receivable Assistant (known as a Finance Operations Assistant – Grade 8) to join the Finance team on a permanent basis.
Team / Department
The Elexon finance team resides within the Finance & Commercial department which provides professional support services to Elexon including Internal Audit, Supply Chain Management and Finance. Overall, the Finance & Commercial department ensures Elexon drives cost efficiencies and that the company conducts its operations in a secure and controlled manner.
The finance team is responsible for both financial accounting and management reporting for Elexon. Financial accounting includes cash management for its operations as well as the production of statutory accounts for Elexon Group and its subsidiaries. The management reporting function includes timely coordination of the company’s annual budget and 3 year business plan, monthly cost reporting and financial analyses.
Reporting to the Finance Manager, you will work in the Operations team performing all operational finance processes including purchase ledger, sales ledger, general ledger, cash management, VAT and balance sheet reconciliations across Elexon Ltd and its subsidiaries. You will be part of a team responsible for all schemes administrated by Elexon Ltd.
You will use your skills and expertise to deliver effective operational performance and excellent customer service.
Key responsibilities
- Contribute to the effective operation of purchase and sales ledger functions
- Data collection for set up of participants to new schemes administrated by Elexon (customers and suppliers) in the finance system
- Assist with the monthly sales invoicing to industry and Section D related queries and processes
- Perform Accounts Reconciliations
- Manage monthly invoicing and respond to related queries
- Manage timely collection of debts and default processes
- Administrator of multiple Bank Accounts including bank reconciliations
- Report timely monthly expenditure and forecast reports
- Assist with the production of statutory VAT returns and national statistics returns
- Maintaining finance systems as and when required within the reporting function
- Contribute to the provision of financial information in relation to the year-end audit
- Develop, maintain and update Local Working Instructions (LWIs)
Capabilities and competencies
- A keen eye for attention to detail
- Experience in a transactional accounting role, with a good understanding of key tasks or systems
- Ability to work to tight deadline
- Proficient in the use of MS Office (Specifically Excel & Word)
- Proficient in the use of finance systems
- Timely delivery of tasks in accordance with the Balancing and Settlement Code
- Minimise late payments and defaults
- Turnaround purchase orders and invoices, ensuring settlement according to terms and conditions
- Either have or be enthusiastic to acquire a good understanding of the GB electricity market trading arrangements
- Past experience in accounts payable, account receivable, treasury and reconciliations
- Excellent communication skills to be able to positively influence stakeholders within the business
- Be a strong team player with a positive outlook and prepared to learn and develop your skills set
Please note: Elexon is unable to offer sponsorship for this position. All applicants must have the right to work in the UK at the time of application.
Career path / Potential next role(s)
- Finance Operations Analyst
- 25 days annual holiday + Bank Holidays
- Discretionary annual incentive scheme
- Life assurance
- Pension
- Private medical (Bupa)
Employee wellbeing and benefits
- Hybrid working – 2 days per week at our London office
- Employee Assistance Programme
- Eye care voucher scheme
- Subsidised gym membership
- Cycle to Work Scheme
- Buying & selling holiday scheme
- CSR days
- Season ticket loan
We believe a diverse and inclusive culture allows innovation and creativity to flourish. We are committed to continuously improving our culture for our colleagues and stakeholders. Through our hugely successful Diversity Forum, MHFA network and regular programme of activities and events, we celebrate difference and recognise the value of employee wellbeing, which is a consistent outcome from annual employee surveys that we conduct. Likewise, as a community, we like to support each other, and all agree Elexon is a great place to work with a great workspace too!
Equity, diversity and inclusion
- Provide true equality of opportunity
- Attract and retain diverse talent
- Listen to all voices
- Be representative of the communities we work in
- Be a role model for Diversity and Inclusion in the industry
We are together, embracing differences, listening to all voices
Seniority level
- Associate
Employment type
- Full-time
Job function
- Accounting/Auditing
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Accounts Payable & Receivable Assistant employer: Elexon
Contact Detail:
Elexon Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Accounts Payable & Receivable Assistant
✨Tip Number 1
Familiarise yourself with Elexon's operations and the energy market. Understanding how the company functions and the specifics of the GB electricity market will give you an edge in interviews, showing your genuine interest in the role.
✨Tip Number 2
Brush up on your Excel skills, as proficiency in MS Office is crucial for this position. Consider taking a quick online course or tutorial to enhance your abilities, especially in data analysis and financial modelling.
✨Tip Number 3
Network with current or former employees of Elexon on platforms like LinkedIn. Engaging with them can provide valuable insights into the company culture and expectations, which can be beneficial during your interview.
✨Tip Number 4
Prepare to discuss your previous experience in transactional accounting roles. Be ready to share specific examples of how you've managed accounts payable and receivable processes, as well as any challenges you've overcome in similar positions.
We think you need these skills to ace Accounts Payable & Receivable Assistant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in accounting transactional roles. Emphasise your skills in accounts payable and receivable, as well as any familiarity with finance systems.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the key responsibilities mentioned in the job description. Show how your previous experience aligns with the tasks you'll be performing at Elexon.
Highlight Relevant Skills: In your application, focus on your attention to detail, proficiency in MS Office (especially Excel), and any experience with cash management or reconciliations. These are critical for the role.
Show Enthusiasm for the Industry: Express your interest in the GB electricity market trading arrangements and your eagerness to learn more about it. This will demonstrate your commitment to the role and the company.
How to prepare for a job interview at Elexon
✨Showcase Your Attention to Detail
In the role of Accounts Payable & Receivable Assistant, attention to detail is crucial. Be prepared to discuss specific examples from your past experience where your keen eye for detail helped prevent errors or improved processes.
✨Demonstrate Your Accounting Knowledge
Make sure you brush up on key accounting principles and practices relevant to the role. Be ready to explain your understanding of purchase and sales ledger functions, as well as your experience with reconciliations and cash management.
✨Highlight Your Communication Skills
Excellent communication skills are essential for this position. Prepare to share instances where you've effectively communicated with stakeholders or resolved queries, showcasing your ability to positively influence others.
✨Familiarise Yourself with Elexon
Research Elexon and its operations within the energy sector. Understanding their role in the GB electricity market will not only impress your interviewers but also help you tailor your responses to align with their values and objectives.