Accounts Payable Manager

LGT Group; City Of London; On-site; GBP 45,000 - 60,000; Full time

Job summary

A financial services firm is seeking an experienced Accounts Payable Manager to oversee the Accounts Payable function across multiple entities. The ideal candidate will have strong management experience in the Wealth Management industry, proficiency with SAP Concur, and excellent analytical skills. This role involves ensuring timely processing of invoices and continuous improvement of existing processes. Applicants should have strong communication skills and a proactive attitude.

Qualifications

• Experience working in Financial Services sector is essential.
• Ability to motivate others and influence a common goal.
• Experience in a fast-paced, dynamic environment.

Responsibilities

• Manage the Finance Administrator and enhance team performance.
• Ensure timely, accurate processing of invoices across entities.
• Act as SME for SAP Concur, resolving queries effectively.
• Identify inefficiencies and streamline payment processes.

Skills

Strong experience of the Wealth Management industry

Proven management experience

Relationship building skills

Experience with SAP Concur

Knowledge of VAT

Strong analytical skills

Excellent communication skills

Attention to detail

Pro-active attitude

Flexible and adaptable

Education

AAT or equivalent

Tools

Abacus Accounting System

Microsoft Office

Job description

LGT Wealth Management UK LLP is a UK-based partnership, wholly owned by the private banking group LGT, which is in turn owned by the Princely Family of Liechtenstein. When we set up LGT Wealth Management in 2008, our aim was to offer a fresh approach to wealth management. Alongside the LLP we also have two other entities which focus on US and Jersey based clients.

Our head office is based in London however we have a presence in Edinburgh, Jersey, Leeds, Birmingham, Bristol and Manchester.

The plan was simple: put our clients first by providing a transparent service, designed around what is right for each of them. By drawing together in-depth knowledge and experience from across the industry, we provide a flexible, bespoke service adapted to each of our clients' needs.

Our mission is to create long-term value for all stakeholders. Our culture encourages individuals to generate, develop and implement ideas which will strengthen our business. Belonging, respect, integrity, conviction and entrepreneurship are our core values. As our brand recognition grows, we are fast becoming an employer of choice in our sector. We have over £30 billion in funds under management and circa 700 staff.

Job Description

Brief Role Objective:

• Ownership of the entire Accounts Payable Function.
• Hold line management responsibilities for the Finance Administrator
• The role holder will oversee and manage the accounts payable function across 5 entities; LGT WM LLP, LGT WM Ltd, LGT WM Jersey Ltd, LGT WM US Ltd and LGT Bank UK Branch, driving process improvements and efficiencies within our existing processes

Key Responsibilities:

• To manage the Finance Administrator, providing guidance, mentorship and regular 121s to support and enhance the team performance
• To ensure timely and accurate processing of invoices, supplier reconciliation and cashflow monitoring across all 5 entities
• To ensure policies, procedures and workflows are understood and adhered to by the team and challenged where necessary
• To act as the SME for the SAP Concur system. Ensure expenses are booked accurately and queries resolved
• To identify inefficiencies, streamline processes by collaborating with both local and Group teams and drive ongoing system improvements
• To ensure effective operation of the core bank account reconciliation process, investigating any variances and discrepancies
• To build strong relationships with suppliers and respond to both internal and external queries promptly
• To forecast weekly payment run cycles to understand cash requirements so the Controlling team can optimise firm cash balances
• To proactively manage issues, errors or delays, communicating appropriately
• To ensure all invoice approvals are consistent with internal controls and to elevate any breaches of policy. Work alongside the Procurement team to ensure supplier data is complete and up to date
• To run accurate and timely aged creditor reports to investigate and take corrective action to clear aged balances
• To ensure all company credit card statements have valid receipts and transactions are recorded accurately in the accounting system
• To facilitate accurate and timely month end and year end close processes for the Accounts Payable team, and support Accountants with internal queries
• To develop and maintain accounts payable and expense policies and procedures and ensure robust internal controls
• To be the key contact for both internal and external auditors for the Accounts Payable team. To support Accountants across the external financial audit

Requirements

Key Skills and Technical Requirements:

• Strong experience of the Wealth Management industry
• Proven management experience and relationship building skills. Ability to influence a common goal and motivate others
• Experience with SAP Concur
• Experience working in the Financial Services sectorStrong knowledge of VAT
• AAT or equivalent (desirable)
• Abacus Accounting System (desirable)
• Strong analytical skills with the ability to collect organise and analyse and disseminate significant amounts of information accurately
• Excellent communication and interpersonal skills and highly response to queries / issues
• Excellent attention to detail
• Working experience with all Microsoft Office products
• Proven ability to be adapted and flexible, demonstrating high levels of resilience and ability to work under pressure
• Pro-active, willing to question existing processes and procedures
• Ability to work under pressure and in a fast paced, dynamic environment

Contact Information

We are looking forward to receiving your online application.

For any further information please do not hesitate to contact us.

LGT Wealth Management UK LLP
Human Resources
Alex Johnson