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- Tasks: Assist with month-end accounting and manage open receivables for a leading e-money institution.
- Company: Join OpenPayd, a pioneer in universal financial infrastructure for the digital economy.
- Benefits: Enjoy a personal training budget, gym discounts, and 25 days annual leave plus bank holidays.
- Why this job: Be part of a dynamic team impacting global finance while developing your accounting skills.
- Qualifications: Newly qualified accountant with strong communication skills and knowledge of IFRS.
- Other info: Experience excellent career growth opportunities in a forward-thinking environment.
The predicted salary is between 36000 - 60000 £ per year.
Overview
At OpenPayd, we are building a universal financial infrastructure to power the growth of the digital economy. Our rails-agnostic approach empowers any business to move and manage money globally – across both traditional rails and stablecoins – at scale, and in real time. The OpenPayd platform delivers a suite of banking and payments infrastructure: accounts in over 40 currencies, FX, on/off ramp, international and domestic payments, Open Banking services – all via a single API. A global network of licences alongside our best-in-class tech is why we\\\’re trusted by 800+ enterprise clients to process over ₠130 billion annually.
How will you add value to the OpenPayd journey:
Responsibilities
- Assist with month-end accounting process for the Group\\\’s UK based e-money institution – including reconciliation of cash and client accounts open positions currently around ₠450m-₠500m
- Overall responsibility for managing of open receivables including liaising with Customer Success team to ensure recovery of aged balances
- Manage and co-ordinating introducer commission process from monthly calculations, statements, invoicing and payments and implement enhancements to this important process
- Work with Commercial and Customer Success teams to provide finance oversight of manual fee calculations and revenue share including raising adjustments required in the back office platform and invoices where necessary and ensuring all are correctly reflected in revenue reporting.
- Work with Commercial and Customer Success teams on general fee related issues
- Approve fees for new clients as part of the client onboarding process within our payments platform, and also for amendments to fees for existing clients
- Manage payments and recharges to clients made in accordance with the FCA mandated APP recovery scheme
- Work with the Deloitte external auditors to support the annual financial audit
The ideal candidate will have the following
- Newly qualified accountant with experience in a commercial environment preferable
- Understanding of e-money payment services is useful but not essential
- Strong written and verbal communication
- Financial qualification (e.g. ACA, CIMA, ACCA)
- Good knowledge of IFRS or similar accounting rules
- Forward-thinking and adaptable
Our perks and benefits
- Personal training budget – £3000
- Cycle to Work scheme
- Discounted gym membership – £80 towards any gym
- Corporate discounts via PerkBox
- Travel loan
- Company Pension plan
- Health, Dental & Life Insurance
- Friday office breakfasts, office fruits and a full bar & regular team socials
- 25 days annual leave plus the Bank Holidays, extra day off for Birthday & Social Volunteering
We\\\’d like you to take a read of our Talent Acquisition Privacy Notice which explains how we collect and process your personal data. Please read our notice carefully. By submitting the application button, we will consider that you aware of it.
We are looking forward to receiving your CV.
OpenPayd Talent Team
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Financial Accountant (Commercial) employer: OpenPayd
Contact Detail:
OpenPayd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Accountant (Commercial)
✨Tip Number 1
Network like a pro! Reach out to people in the finance industry, especially those who work at OpenPayd or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by researching OpenPayd's services and values. Show us that you understand our mission in building a universal financial infrastructure and how your skills as a Financial Accountant can contribute to that journey.
✨Tip Number 3
Practice common interview questions related to accounting and finance. We want to see how you think on your feet, so consider scenarios where you've had to manage open receivables or liaise with teams to solve issues.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re genuinely interested in being part of the OpenPayd team.
We think you need these skills to ace Financial Accountant (Commercial)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Financial Accountant role. Highlight your relevant experience, especially in commercial environments and any financial qualifications you hold. We want to see how your skills align with what we're looking for!
Showcase Your Communication Skills: Since strong written and verbal communication is key for this role, don’t shy away from showcasing these skills in your application. Use clear and concise language, and maybe even include examples of how you've effectively communicated in past roles.
Highlight Relevant Experience: If you have experience with e-money payment services or managing open receivables, make sure to highlight that! We’re keen on seeing how your background can add value to our team and the OpenPayd journey.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at OpenPayd
✨Know Your Numbers
As a Financial Accountant, you'll be dealing with significant sums. Brush up on your financial metrics and be ready to discuss how you would manage large cash positions. Familiarise yourself with the specifics of OpenPayd's operations, especially their e-money services.
✨Showcase Your Communication Skills
You'll need to liaise with various teams, so practice articulating complex financial concepts in simple terms. Prepare examples of how you've successfully communicated with non-financial stakeholders in the past.
✨Understand the Regulatory Landscape
Since you'll be working within the FCA framework, it’s crucial to have a grasp of relevant regulations. Research the APP recovery scheme and be prepared to discuss how compliance impacts financial processes.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think about challenges you've faced in previous roles, particularly around managing receivables or coordinating commission processes, and how you overcame them.
