At a Glance
- Tasks: Support day-to-day payment functions and ensure smooth payment processes.
- Company: Join a dynamic team in a fast-paced financial environment.
- Benefits: Gain valuable experience and develop your skills in finance.
- Other info: Opportunity for growth and collaboration with various departments.
- Why this job: Make an impact by ensuring timely payments and resolving supplier queries.
- Qualifications: Experience in payment processing and strong Excel skills preferred.
The predicted salary is between 30000 - 40000 £ per year.
Our Accounts Team has an opportunity for a Payments Analyst to join the team on a maternity cover basis. Reporting to the Payments Manager, this role will play a key part in supporting the day-to-day payments function and ensuring the smooth operation of payment processes.
Responsibilities:
- Processing of supplier and sub-contractor payments in multicurrency.
- Select/deselect purchase invoices and sub-contractors due for payment.
- Checking that all payments are made within credit terms.
- Reconciliation of supplier payments to creditors statement.
- Preparing of remittance advices.
- Preparation of sundry Bacs/cheque payments & posting payments to the creditor’s ledger, ensuring that all necessary authorisations have been obtained.
- Distribution of cheques to suppliers.
- Updating bank statements, posting payments to creditors ledger and cashbook.
- Dealing with supplier’s queries efficiently and effectively, liaising closely with the cost team, to ensure that discrepancies are resolved in a timely manner.
- Work closely with other departments to ensure smooth financial operations and correct ledger entries.
- Setting up new supplier accounts, following company procedures to ensure accounts are verified correctly.
- General office tasks including filing, photocopying, dealing with telephone queries.
Qualifications:
- Held previous role in preparing payment runs for at least 1 year.
- Good knowledge and understanding of using a computerised purchase ledger.
- Good working knowledge of Excel.
- Use of VLOOKUP’s would be an advantage, however not essential.
- Excellent attention to detail and well organised.
- Able to work within tight deadlines in a fast-paced, high-volume environment.
- Able to work independently and as part of a team.
- Excellent communication skills.
Payments Analyst employer: Farrans
Join our dynamic Accounts Team as a Payments Analyst, where you will be part of a supportive work culture that values collaboration and efficiency. We offer competitive benefits, opportunities for professional growth, and a chance to make a meaningful impact in a fast-paced environment. Located in a vibrant area, our company fosters a sense of community and encourages innovation, making it an excellent place for those seeking rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Payments Analyst
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Farrans.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Farrans might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Payments Analyst
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Farrans will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Farrans. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Farrans confidence in your short-term commitment to the role.
How to prepare for a job interview at Farrans
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Farrans.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Farrans that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
