Transaction Team Member (1 year, Fixed Term Contract)
Apply remote type: Hybrid | Location: Glenrothes - Wheatstone Place (37) | Time type: Full time | Posted on: Posted 30+ Days Ago | Job requisition id: JR2278
Job Description:
Responsibilities
To be shared amongst the transactional team.
Accounts Receivable
* Relationship management of both internal and external stakeholders to ensure invoice queries are dealt with promptly.
* Responding to queries from customers and chasing outstanding payment.
* Monitor regular payment of machine accounts – prepare monthly schedule.
* Prepare new account applications for approval by Transactional Finance Manager.
* Review ongoing credit limits – suggest changes where required.
* Issue monthly statements and weekly payment reminder notices.
Accounts Payable
* Registering invoices daily, matching to purchase order and seeking stakeholder approval.
* Management of all supplier portals to ensure accurate cost capture.
* Statement reconciliation in line with departmental timetable.
* Processing BACS and manual payments when required (multi currency).
* Data maintenance of supplier accounts including the setting up of new supplier accounts.
* Identify and log queries, liaise with suppliers and internal staff to resolve effectively.
* Complete monthly statement reconciliations for approximately 80 suppliers.
* Follow ITW intercompany process to ensure all invoices are processed and paid on time.
* Review old balances on AP or GRNI for correctness.
* Complete inter-company reconciliation and prepare monthly netting schedule.
Cashbook
* Checking and verifying bank transactions.
* Daily posting of receipts & payments in line with departmental requirements.
* Prepare weekly and month-end bank reconciliation.
General/Other
* Ensure a clear record of financial transactions (income and expenditure) in accordance with organisational and tax authority requirements.
* Preparing ledger balances, control accounts, and statements, reconciling all figures.
* Identify and correct or refer any errors or accounting discrepancies.
* Prepare reports at each month-end.
* Provide cost and revenue information in the required formats to relevant stakeholders.
* Deliver reliable administrative accounting support and customer service.
* Perform duties in line with audit requirements.
* Maintain Outlook Mailbox.
* Complete any other ad hoc transactional tasks as required.
* Support implementation of new ERP system.
Job Requirements:
* Experience in accounts payable/receivable.
* Excellent interpersonal and communication skills.
* Self-disciplined and proactive.
* Good team working skills.
* Ability to work to tight deadlines and under pressure.
* Proficient in Excel.
* Attention to detail and accuracy.
* Forward-thinking with a focus on continuous improvement.
* Team player with the ability to work autonomously.
Why work here?
At ITW, we think and act like entrepreneurs. We embrace autonomy, make decisions, and take ownership to create innovative solutions for our customers worldwide.
About Us
ITW is a Fortune 200 global multi-industrial manufacturing leader. Our seven industry-leading business segments offer career development and learning opportunities in more than 50 countries across the globe.
We’re committed to investing in our people and supporting their growth through unique and relevant development opportunities at each stage of their career.
Our decentralized, entrepreneurial culture empowers you to think and act like a business owner. We value diverse perspectives, experiences, and ideas that make us better together.
The ITW Business Model provides us with the tools to focus on what’s most important. We are grounded in our values of Integrity, Simplicity, Trust, Respect, and Shared Risk.
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