Medical Imaging Partnership
Accounts Payable Senior
About the company
Medical Imaging Partnership is at the forefront of delivering advanced radiology services to both the NHS and the private sector. A sector that is showing strong growth driven by increased demand and limited supply.
MIP, and its sister company Prime Health, are among the larger UK providers of MRI, CT, ultrasound, x-ray, DEXA scans and ultrasound guided steroid injections. The business has been successfully trading for over 12 years and now operates from 12 sites across the UK.
The UK market is ranked 19th in the OECD for the number of scanners per head of population and is therefore poised to require large capacity expansion by private providers over the next 5 years. Increasing scanning capacity is key to bringing the NHS 8 million waiting list down and the company is also seeing increased private pay and private healthcare demand across the group.
The business has revenues of £25m with very little debt and positive cashflows. A strong balance sheet backed by a supportive investor will provide the foundation for growth and the doubling of EBITDA over the next 4-5 years.
In 2016 Apposite Capital made an initial investment in the business and has since supported further bolt on acquisitions, new sites expansion and investment in new scanning equipment to drive growth. Future growth is planned through new site expansion and new scanning capacity to double EBITDA over the next 3 years.
About the role
Location
* Expectation of being in the Crawley office 3-4 days per week and WFH 1-2 day per week, subject to business needs.
Role Purpose
* The company is looking for an experienced AP senior who is used to working in a small business environment to support the business as it grows.
* This is a progressive business and is looking for somebody who wants to join a fast-paced, high growth environment.
* The business is looking for an experienced candidate with a commitment to accuracy, attention to detail, excellent communication and interpersonal skills, and keen to work as part of a team.
* Ideally you will have knowledge and experience of the duties outlined below.
Key Roles and Responsibilities
* Processing the business's purchase ledger invoices onto Sage200.
* Maintaining a clean, accurate and transparent purchase ledger for three companies in the group, including reviewing supplier statement reconciliations with key suppliers.
* Preparing monthly payment runs for suppliers, and reviewing them with FC and CFO, including proposing ideas to optimize net cash inflows across the business.
* Assisting with the production of month end accounts, including journal preparation, intercompany postings and understanding, analysing and commenting on actual costs compared to previous months, budget and prior year.
* Producing month-end balance sheet reconciliations for trade creditors and other balance sheet accounts.
* Recording and reconciling daily bank payments using Sage200's Bank Feed feature from two banking platforms.
* Setting up bank transactions such as transfers and payments for staff expense claims and one-off purchases.
* Resolving queries by email or on the phone with suppliers.
* Where workload demands, support Credit Control Manager to take customer calls to resolve credit control queries, raise invoices, take payments over the phone and record payments against invoices on Sage200.
* Assisting with year-end audit.
* Involved in continuous improvement projects and perform any other ad hoc duties.
Typical knowledge, skills and experience
* Considerable experience working in small, transactional business environment.
* High level of attention to detail and accuracy.
* Efficient time management and excellent organisational skills.
* Ability to work independently but also be on hand to provide cover for other Finance areas, as and when needed.
* Good knowledge of Excel.
* Confident verbal and written communicator with a personable and professional manner, keen to collaborate with others and build strong working relationships.
* Good judgment and decision-making skills.
* Numerate and highly motivated to success in your role.