Job Description
Accounts Payable Officer – Bank
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.
· To identify any breaks in the daily process and make recommendations to line manager.
· To monitor actual costs against target and highlight and variances in a timely manner.
Responsibilities
· 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
· Monitor Head Office recharges
· 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.
· 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.