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- Tasks: Join us as a Financial Accounting Associate, managing accounts receivable and ensuring accurate billing.
- Company: Pay.UK is the backbone of UK retail payment systems, ensuring safe and efficient banking transactions.
- Benefits: Enjoy a 12% pension, 30 days leave, fitness subsidies, and flexible work-from-home options.
- Why this job: This role offers hands-on finance experience in a dynamic environment with opportunities for growth.
- Qualifications: Proficiency in bookkeeping, finance systems, and MS Excel; strong communication and detail-oriented skills required.
- Other info: We embrace diversity and encourage all qualified candidates to apply, fostering an inclusive workplace.
The predicted salary is between 30000 - 42000 £ per year.
Financial Accounting Associate – Accounts Receivable
London
Financial Accounting Associate – Accounts Receivable, London, 12 months FTC
Are you looking to step into a finance role that offers both engaging tasks and a sense of accomplishment? As a Financial Accounting Associate, you’ll play a crucial role in our core billing service. You’ll be responsible for ensuring our customers are billed accurately and promptly, contributing to our overall financial benefit. You can look forward to enhancing your capabilities while working in a busy and stimulating environment.
Accountabilities
- Participates in the development of the team’s policies, procedures, and processes through providing input and feedback
- Run and manage the accounts receivable BAU invoicing utilising the financial systems
- Run and manage the revenue modules in the finance system
- Ensure revenues are accurately recorded, reconciled and accurate in the finance systems. Perform timely reconciliations of system data to customer data
- Ensure knowledge and understanding of new products and services is maintained
- Ensure that invoices raised adhere to company procedures and whilst functioning with accuracy and timeliness
- Ensure accounting transactions are appropriately applied and maintained in line with governing standards across all entities for accounts receivable
- Ensure detailed analytical review is conducted for debtor balances and collections
- Update and manage aged debtors reporting
- Implementation of robust reconciliation processes within accounts receivable
- Prepare and produce debtor account reconciliation
- Maintain good working relations with both internal and external clients
- Ensure implementation of processes is carried out in line with business needs, directorate needs, requirements of both internal and external audit teams for group entities
- Ensure debtors are setup and maintained from a legal and financial perspective (financial accounting and operational finance) within Infor Sun and SAP Concur for account receivable
- Ensure statutory requirements are met including with regards to VAT corporation tax
- Produce and prepare of the organisations bad debt provisions and write off schedules
- Input into key performance metrics and other measures as required
Education, Skills & Experience
- Understands accounts receivable
- Proven ability in efficiently handling disagreements and achieving mutually agreeable outcomes
- Proficient in bookkeeping practices, including double-entry accounting, demonstrated by considerable practical experience
- Demonstrable experience in Finance Systems
- Demonstrated process improvements
- Implementation of controls and governance
- Technical financial knowledge / accounting standards application for accounts receivable and accounts payable
- Proficient in MS Excel
- Excels at expeditious skill uptake, is self-directed, proficient in time orchestration, and actively engages in team synergy.
- Capable of working effectively without supervision and shows a meticulous approach to detail-oriented tasks.
- Ability to communicate across all levels of an organisation.
At Pay.UK, we value diversity and inclusivity. We encourage all qualified candidates to apply, regardless of how closely their skills and experience match the requirements. We are committed to supporting accessibility needs and creating a welcoming environment for all employees.
About Us
Pay.UK maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis.
From Bacs to Faster Payments and cheques – we act as the single operator for all UK retail payments. We put the needs of consumers and businesses at the heart of everything we do, working in the public interest to ensure that the systems the country relies on for its banking transactions are safe, open, innovative and resilient.
Benefits & Additional Information
- 12% Non-contributory pension
- Discretionary annual bonus
- 30 days annual leave (excluding bank holidays)
- Employee assistance programme
- Cycle to Work Scheme
- Season ticket loan
- Annual fitness subsidy of up to £500 per annum
- Working from home policy – minimum 40% in the office (eg. 2 days in the office over a 5 day working week)
Please note:
- Benefits for FTC roles may vary
- Benefits do not apply to any consultancy roles
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Financial Accounting Associate - Accounts Receivable New London employer: Pay.UK Limited
Contact Detail:
Pay.UK Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Financial Accounting Associate - Accounts Receivable New London
✨Tip Number 1
Familiarize yourself with the specific financial systems mentioned in the job description, such as Infor Sun and SAP Concur. Having a solid understanding of these tools will not only boost your confidence during the interview but also demonstrate your proactive approach to the role.
✨Tip Number 2
Brush up on your bookkeeping practices, especially double-entry accounting. Being able to discuss your practical experience in this area will show that you have the foundational skills necessary for the Financial Accounting Associate position.
✨Tip Number 3
Prepare to discuss any process improvements you've implemented in previous roles. This aligns with the job's focus on enhancing policies and procedures, and showcasing your ability to contribute positively to the team will set you apart.
✨Tip Number 4
Highlight your communication skills and ability to work collaboratively across different levels of an organization. Since maintaining good working relations with clients is crucial, being able to provide examples of successful teamwork will be beneficial.
We think you need these skills to ace Financial Accounting Associate - Accounts Receivable New London
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Financial Accounting Associate position. Highlight key responsibilities and required skills, and think about how your experience aligns with these.
Tailor Your CV: Customize your CV to reflect relevant experience in accounts receivable and financial systems. Use specific examples that demonstrate your proficiency in bookkeeping practices and process improvements.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention your ability to handle disagreements and your experience with financial governance, as these are important aspects of the job.
Highlight Technical Skills: Emphasize your technical financial knowledge and proficiency in MS Excel. Provide examples of how you've successfully implemented controls and governance in previous roles to strengthen your application.
How to prepare for a job interview at Pay.UK Limited
✨Understand the Role
Make sure you have a clear understanding of the responsibilities of a Financial Accounting Associate. Familiarize yourself with accounts receivable processes, invoicing, and reconciliation methods to demonstrate your knowledge during the interview.
✨Showcase Your Technical Skills
Be prepared to discuss your proficiency in financial systems and MS Excel. Highlight any experience you have with bookkeeping practices and double-entry accounting, as these are crucial for the role.
✨Demonstrate Problem-Solving Abilities
Prepare examples of how you've efficiently handled disagreements or resolved issues in previous roles. This will showcase your ability to achieve mutually agreeable outcomes, which is essential in finance.
✨Communicate Effectively
Practice articulating your thoughts clearly and confidently. Since the role requires communication across all levels of an organization, being able to convey your ideas effectively will be key to making a positive impression.
