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For Companies At a Glance
- Tasks: Manage invoices, payments, and employee expenses in a dynamic banking environment.
- Company: Join a well-established European bank located in the heart of Central London.
- Benefits: Enjoy a competitive salary of £40K - £50K plus additional perks.
- Why this job: Be part of a team that values accuracy and efficiency while making a real impact.
- Qualifications: 3-5 years of finance experience, preferably in banking; strong analytical skills required.
- Other info: Opportunity to work in a vibrant Mayfair location with a focus on compliance and risk management.
The predicted salary is between 32000 - 40000 £ per year.
Our Client is an established European bank with offices in Central London. They are looking to recruit an Accounts Payable Officer with at least 3 to 5 years experience of working within Finance department and ideally within a banking environment. To ensure the timely and accurate processing of invoices, payments and employee expenses.
Responsibilities:
- Identify any breaks in the daily process and make recommendations to line manager.
- Monitor actual costs against target and highlight any variances in a timely manner.
- Production and Analysis of monthly actual vs budget cost management.
- Management of Cost trend Analysis and highlighting items with a material impact to management.
- Assist with the annual cost Budget.
- Regularly update department SOP’s.
- Deal with internal and external cost/supplier queries.
- Prepare monthly KPI report.
- Manage the accounts payable systems V1, Ebis, Open Accounts, provide assistance to other users.
- Arrange employee Barclaycards and processing of corporate card expenses.
- Reconcile all AP accounts with the GLO.
- Arrange monthly accrual and prepayment schedule.
- Processing journals.
- Ensure the AP inboxes are being monitored on a timely basis.
- Checking and clearing the nostro accounts.
- Process travel advance expenses.
- Supplier Statement Reconciliation.
- Accurately execute all controls within own area to minimise risk of policy, procedure, and/or regulatory breaches.
- Identify new risks/control gaps within own area and escalate accordingly to your Line Manager and/or Head of Department.
Risk & Regulatory Duties:
- Maintain knowledge of all applicable regulatory requirements including the Bank’s Risk and Compliance policies and procedures and adhere to these to avoid exposing the Bank to undue risk.
- Report policy/procedure breaches and areas of potential non-compliance and suspicions promptly upon identification in accordance with the Bank's Risk and Compliance policies.
- You will act in accordance with the FCA/PRA Code of Conduct.
The salary for this position is £40K - £50K + Benefits. Location is Mayfair, Central London.
Please do send your CV to us in Word format along with your salary and notice period.
Accounts Payable Officer – Bank, London employer: TN United Kingdom
Contact Detail:
TN United Kingdom Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Accounts Payable Officer – Bank, London
✨Tip Number 1
Network with professionals in the banking and finance sector, especially those who work in accounts payable. Attend industry events or join relevant online forums to connect with potential colleagues and learn more about the role.
✨Tip Number 2
Familiarise yourself with the specific accounts payable systems mentioned in the job description, such as V1, Ebis, and Open Accounts. Consider taking online courses or tutorials to enhance your skills in these platforms.
✨Tip Number 3
Stay updated on the latest regulatory requirements and compliance policies relevant to the banking sector. This knowledge will not only help you in interviews but also demonstrate your commitment to adhering to industry standards.
✨Tip Number 4
Prepare for potential interview questions by reviewing common scenarios related to cost management and variance analysis. Think of examples from your past experience that showcase your problem-solving skills and ability to handle financial discrepancies.
We think you need these skills to ace Accounts Payable Officer – Bank, London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in finance, particularly within a banking environment. Emphasise your skills in processing invoices, payments, and managing accounts payable systems.
Craft a Strong Cover Letter: Write a cover letter that specifically addresses the responsibilities mentioned in the job description. Mention your experience with cost management, budget analysis, and any relevant software you have used.
Highlight Regulatory Knowledge: Since the role involves compliance with regulatory requirements, include any relevant training or experience you have in risk management and compliance policies. This will show your understanding of the banking sector's standards.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors. A well-presented application reflects your attention to detail, which is crucial for an Accounts Payable Officer.
How to prepare for a job interview at TN United Kingdom
✨Know Your Numbers
As an Accounts Payable Officer, you'll be dealing with financial data daily. Brush up on your knowledge of cost management, budgeting, and variance analysis. Be prepared to discuss how you've handled these tasks in previous roles.
✨Familiarise Yourself with Regulatory Requirements
Understanding the regulatory landscape is crucial in banking. Make sure you are well-versed in the FCA/PRA Code of Conduct and the bank's Risk and Compliance policies. This will show your potential employer that you take compliance seriously.
✨Demonstrate Problem-Solving Skills
The role involves identifying breaks in processes and making recommendations. Prepare examples of how you've successfully identified issues and implemented solutions in your past positions. This will highlight your proactive approach.
✨Showcase Your Technical Skills
You'll be using various accounts payable systems like V1, Ebis, and Open Accounts. If you have experience with these or similar systems, be ready to discuss it. If not, express your willingness to learn and adapt quickly.
