At a Glance
- Tasks: Lead and manage Accounts Payable and Receivable functions, ensuring accurate financial transactions.
- Company: Join a progressive membership organisation with a strong reputation for excellence.
- Benefits: Enjoy hybrid working, flexible benefits, and a friendly work environment.
- Other info: Opportunity to drive process improvements and support system integrations.
- Why this job: Make a real impact in finance while developing your career in a supportive culture.
- Qualifications: Experience in finance management and strong leadership skills required.
The predicted salary is between 31500 - 38500 £ per year.
The Accounts Payable and Accounts Receivable Manager plays a critical role in leading and managing the Law Society's AP and AR functions, ensuring the accurate, timely and controlled processing of financial transactions across all income and expenditure activities. You will oversee key areas including credit control, supplier management, cash allocation, reconciliations, financial controls and service delivery, ensuring strong governance and compliance across the function. As a leader within the Finance team, you will drive high standards of performance while maintaining effective internal controls and supporting the delivery of an excellent service to colleagues, suppliers and customers. The role offers the opportunity to contribute to the ongoing transformation of Finance by improving processes, supporting systems integration and workflow enhancements, and helping to optimise working capital.
You will also be responsible for developing team capability, ensuring colleagues have the training, support and resources needed to deliver a high-quality and customer-focused finance service across the organisation.
You will lead, manage and develop the Accounts Payable and Accounts Receivable team, fostering a culture of customer service excellence, accountability and continuous improvement. You will oversee daily operations, resource planning and workflow management to ensure deadlines are met, objectives are achieved and service levels are maintained. You will promote cross-training, succession planning and the development of team capability to build resilience and reduce key-person dependency.
You will be responsible for the end-to-end Accounts Payable function, including purchase order support, invoice processing, supplier verification, payment runs and adherence to financial controls. You will ensure suppliers are paid accurately and on time, resolve payment queries in collaboration with Procurement, maintain accurate creditor records and oversee reconciliations and issue resolution. You will also develop and monitor Accounts Payable performance measures and reporting.
You will oversee the full Accounts Receivable and Credit Control cycle, including credit checks, invoice generation, debt management, cash allocation and query resolution. You will manage aged debt reviews, debt recovery activity and bad debt provisioning, while ensuring compliance with invoicing procedures, service date requirements and income recognition policies. You will maintain accurate debtor records and reconciliations and develop and monitor Accounts Receivable KPIs and performance reporting.
You will ensure all transaction processing complies with financial controls and segregation of duties requirements. You will maintain Accounts Payable and Accounts Receivable process documentation, standard operating procedures and working templates, ensuring they remain up to date as systems and processes evolve. You will support system implementations and integrations, drive process improvements and automation, and promote the effective use of finance systems and reporting tools across the team.
Working closely with internal and external stakeholders, you will provide a responsive and high-quality service and act as the primary escalation point for Accounts Payable and Accounts Receivable matters. You will produce reporting on key operational metrics, including service levels, aged debt, cash allocation and payment performance, and contribute to finance and business improvement initiatives. You will also ensure the timely completion of month-end and year-end activities, including subledger close processes, reconciliations and balance sheet reviews. You will provide schedules, analysis and supporting information for internal and external audits, ensuring financial records are accurate, complete and audit-ready.
This is an excellent opportunity to work with contemporary thinkers in a progressive membership organisation. The successful candidate will join a strong brand with a reputation for excellence and legal expertise, committed to promoting equality, diversity and inclusion, and a culture of trust, clarity, excellence and respect. We offer hybrid working, a generous flexible benefits package, a friendly working environment and the opportunity to develop your career within a professional organisation.
Accounts Payable and Accounts Receivable Manager employer: The Law Society
The Law Society is an exceptional employer, offering a collaborative work culture that values innovation and professional growth. As a Grants Manager, you will benefit from comprehensive training opportunities and a supportive environment that encourages career advancement, all while contributing to meaningful projects that impact the legal community. Located in a vibrant area, the Society provides a dynamic workplace where your contributions are recognised and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Accounts Payable and Accounts Receivable Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like The Law Society. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Accounts Payable and Accounts Receivable Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to The Law Society.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on The Law Society's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at The Law Society
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with The Law Society.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at The Law Society will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former The Law Society employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
