Accounts Payable Officer – Bank

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.

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