Accounts Payable Assistant

Oliver James Associates Ltd.; City Of London; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading company in the finance sector is looking for a finance associate to manage accounts payable, assist in financial reporting, and liaise with auditors. This role involves processing invoices, preparing financial statements, and supporting regulatory reporting. An ideal candidate will have a finance degree and experience in accounting procedures, ensuring compliance with IFRS standards.

Qualifications

• Experience in processing invoices and financial statements.
• Knowledge of International Financial Reporting Standards (IFRS).
• Ability to liaise with auditors and provide financial insights.

Responsibilities

• Process invoices and assist in finance accounts preparation.
• Liaise with auditors and suppliers to resolve financial queries.
• Assist in preparation of statutory financial statements under IFRS.

Skills

Financial Reporting

Accounts Payable

Reconciliation

Tax Preparation

Communication with Auditors

Education

Degree in Finance or Accounting

Job description

- Processing invoices & business expenses
- Assist in preparation of finance accounts
- Accounts Payable activities

- Working with the Head of Finance on any ad-hoc activities or projects when required

- Processing purchase invoices and business expenses, ensuring transactions, adhere to the Company's internal policies and controls. Including liaising with suppliers to resolve queries.

- Processing premium receipts, including reconciling internal Member/premium system to accounting records and liaising with internal underwriting team.

- Assist in the preparation of period end financial accounts, including:
a. Month end accounting adjustments including revenue recognition and deferrals, accruals and prepayments
b. Maintenance of the fixed asset and depreciation schedules, including liaising with IT and Office Management departments to ensure records are accurate
c. Reconciliation of key Income Statement and Balance Sheet accounts

- Assist in the preparation and submission of quarterly consolidation packs (and any other financial information as required) to HM Treasury, including resolution of any queries or issues

- Assist in the preparation of the annual statutory financial statements under International Financial Reporting Standards (IFRS) and the Government Financial Reporting Manual (FReM)

- Liaising with the external auditors on financial accounting related matters, including the timely provision of required information and resolution of queries

- Assist in the preparation of quarterly and annual regulatory reporting to the Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA), Office of National Statistics (ONS) and HM Treasury

- Assist in the preparation of the calculation of Corporation Tax and VAT liabilities