At a Glance
- Tasks: Manage subcontractor payments, resolve queries, and ensure compliance with financial regulations.
- Company: Join a dynamic finance team in a rapidly growing organisation.
- Benefits: Competitive salary, career development opportunities, and a supportive work environment.
- Other info: Fast-paced environment with excellent career growth potential.
- Why this job: Make a real impact by ensuring timely payments and building strong relationships.
- Qualifications: Experience in finance administration and knowledge of subcontractor payment processes.
The predicted salary is between 30000 - 40000 £ per year.
We are looking for a proactive and detail-oriented Subcontractor Payments Administrator to join our growing Finance team on a 12-month fixed term basis, reporting directly to the Subcontractor Payments Manager. This is a fantastic opportunity for someone with experience in subcontractor payments, accounts payable, or finance administration who thrives in a fast-paced environment and enjoys building strong working relationships. You'll play a key role in ensuring subcontractors are paid accurately and on time, while maintaining compliance with industry regulations and internal controls. If you have strong attention to detail, excellent organisational skills, and a passion for delivering exceptional service, we’d love to hear from you.
What You'll Do
- Processing & Payment Administration
- Processing certified Applications for Payment accurately and efficiently.
- Assessing and applying the correct Construction Industry Scheme (CIS) and Domestic Reverse Charge (DRC) tax treatment.
- Processing approved retention releases to facilitate timely payments.
- Supporting the creation and administration of weekly payment runs.
- Managing urgent CHAPS and Faster Payments when required.
- Assisting with cash flow activities and payment forecasting.
- Query Resolution & Stakeholder Support
- Managing subcontractor queries via email and telephone, ensuring excellent customer service standards are maintained.
- Investigating and resolving discrepancies relating to Applications for Payment, CIS, DRC, and payment issues.
- Liaising with Procurement, Accounts Payable, and operational teams to resolve payment and tax treatment queries.
- Reviewing and validating held retention balances and supporting query resolution.
- Ledger & Reconciliation Management
- Managing subcontractor accounts to ensure payments are processed within agreed timelines.
- Performing regular subcontractor account reconciliations.
- Investigating and resolving unallocated cash, debit balances, payment-on-account issues, and credit balances.
- Escalating complex or high-risk issues to senior team members when appropriate.
- Continuous Improvement & Compliance
- Building strong relationships with subcontractors and internal stakeholders.
- Supporting compliance with accounting standards, internal controls, and regulatory requirements.
- Contributing to process improvement initiatives across the subcontractor payments function.
- Supporting month-end and year-end activities, including reconciliations, reporting, and audit requirements.
- Assisting with finance projects and business improvement initiatives as required.
What You'll Bring
- Essential
- Previous experience within a subcontractor payments, accounts payable, finance administration, or similar finance role.
- Good understanding of subcontractor payment processes and procedures.
- Knowledge of the Construction Industry Scheme (CIS) and Domestic Reverse Charge (DRC) tax treatment.
- Strong Microsoft Excel skills and experience using accounting or ERP systems.
- Excellent attention to detail and accuracy when processing financial transactions.
- Strong organisational and time management skills.
- Ability to manage multiple priorities and work to deadlines in a fast-paced environment.
- Strong problem-solving skills with the ability to investigate and resolve issues effectively.
- Excellent communication skills with the confidence to engage with both internal and external stakeholders.
- Ability to work independently while contributing positively to a team environment.
- Professional approach to handling confidential and sensitive financial information.
- Desirable
- Experience using Microsoft Dynamics 365 Finance & Operations (D365 F&O).
- Experience working within the construction, utilities, engineering, or infrastructure sectors.
- Experience using Payapps or similar subcontractor management systems.
- AAT qualification or currently studying towards a relevant finance qualification.
- Experience supporting audits, month-end processes, and financial reporting activities.
- Knowledge of payment controls, reconciliations, and ledger management best practices.
What We Offer
We offer a benefits package that continues to develop as the organisation grows, and opportunities for career acceleration within a rapidly expanding business.
Subcontractor Payments Administrator - 12 Month FTC in Stockport employer: OCU Group
Join our dynamic Finance team in Stockport as a Subcontractor Payments Administrator, where you'll enjoy a supportive work culture that values attention to detail and exceptional service. We offer a comprehensive benefits package and ample opportunities for professional growth within a rapidly expanding organisation, making it an ideal place for those looking to advance their careers while contributing to meaningful projects.
StudySmarter Expert Advice🤫
We think this is how you could land Subcontractor Payments Administrator - 12 Month FTC in Stockport
✨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 OCU Group.
✨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 OCU Group 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 Subcontractor Payments Administrator - 12 Month FTC in Stockport
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 OCU Group 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 OCU Group. 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 OCU Group confidence in your short-term commitment to the role.
How to prepare for a job interview at OCU Group
✨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 OCU Group.
✨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 OCU Group 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.
