Finance Associate (Accounts Payable) in Brighton

RiverStone International is an established global non-life run-off insurance business specialist with more than 25 years of experience. Operating in the UK company and Lloyd’s of London markets, Bermuda, U.S., and Europe, RiverStone International has transacted a wide variety of deals – from insurance and reinsurance portfolio transfers to company purchases, acquiring over $17.7 billion of gross liabilities since 2010 and with around $6.7 billion of liabilities currently under management.

The role is responsible for the effective management of expenses and accounts payable activities, ensuring timely, accurate and authorised processing of supplier payments and maintenance of the accounts payable and general ledger systems. The role supports financial control through reconciliations, reporting, VAT recovery, intercompany recharging and contribution to FCA reporting, while also helping to improve and automate AP processes. Working closely with colleagues across the business and external suppliers, the role requires strong attention to detail, sound analytical skills and an understanding of regulatory requirements.

Job Responsibilities

• To effectively carry out expense management and reporting
• Maintain accounts payable and general ledger system within Oracle Fusion.
• Ensure appropriate authorisation of all payments.
• Ensure timely and accurate settlement of balances to suppliers.
• Maintain specific account reconciliations & analyses, including tax pack analysis.
• Understanding of and recharging costs via the use of intercompany codes.
• RSML payment report for FCA half yearly reporting.
• Implementation & updating of appropriate process and procedures manuals relevant to the position.
• Understanding and applying VAT recovery codes for different special projects, to adhere to our Partial Exemption Special Methodology agreed with HMRC.
• Contribute to the development of, and ongoing improvements in the setup and automation of AP and Oracle.
• Interact with different departments and members of staff (at all levels), challenging cost allocation and payment terms where appropriate and supported by the wider finance team.
• Ensure effective and timely reporting as required.
• Complete and report on any ad-hoc projects allocated.

Job Requirements

Experience

• Good analytical background.
• A sound knowledge and previous experience of working in an Accounts Payable environment.
• Use and understanding of a variety of VAT codes.
• Intercompany recharging / coding.

Knowledge

• Operation of Accounts Payable & General Ledger systems – Oracle Fusion ideal but not required.
• Use of Microsoft Office packages; Excel, Word, Outlook, OneNote, Teams etc.

Skills

• Planning and Implementation
• Communications
• Analysis
• Diligence and accuracy
• Interpersonal
• IT to independently obtain required data from financial systems and use spreadsheets.

We believe in taking care of our team and helping our employees thrive both professionally and personally. Our benefits include:

• Private Medical and Dental cover – Comprehensive Private Medical and Dental Insurance schemes with Bupa Health and Wellness – including access to our Employee Assistance Programme, Headspace subscription, Mental Health First aiders at each site, up to five funded counselling sessions per year, annual health check-up and eye test voucher
• Wellbeing Allowance – Can be used towards either physical or mental health wellbeing activities
• 25 days' holiday per year – plus bank holidays and office closure on Christmas Eve. Holiday entitlement increases with length of service
• Bonus scheme – dependent on achieving individual, department and company goals
• Pension – a non-contributory defined contribution pension scheme
• Life Assurance – provides a lump sum 10 x your salary
• Permanent Health Insurance Scheme – scheme pays benefits during a prolonged period of illness or disability lasting more than 26 weeks
• Parental Leave – Enhanced Maternity, Paternity and Shared Parental Leave policy
• Training and development – Company funding for professional qualifications that would be beneficial for your role
• Volunteering and charity – triple matching donations made independently or via our Give As You Earn scheme, Give A and two paid volunteering days per year to help give back to our local communities
• Cycle To Work Scheme – a tax efficient way to purchase a bicycle
• Interest Free Travel Loan – to assist with commuting costs
• Travel Insurance – business and personal travel
• Sports and Social – active sports and social committee that organizes subsidised events

We encourage applications from everyone regardless of disability.