Accounts Payable Officer – Bank

Nexus; London; On-site; GBP 40,000 - 50,000; Full time

Job summary

A leading European bank based in Central London is seeking an Accounts Payable Officer. The role demands strong analytical skills and experience in processing invoices and payments. Candidates should have a proven track record of managing cost analysis and regulatory compliance in a finance environment.

Benefits

Benefits package

Qualifications

• At least 3-5 years of experience in a finance department, ideally in banking.
• Knowledge of regulatory requirements is essential.
• Strong analysis and reporting skills required.

Responsibilities

• Timely and accurate processing of invoices, payments, and expenses.
• Managing cost trend analysis and monthly KPI reports.
• Handling internal and external cost/supplier queries.

Skills

Cost management

Trend analysis

Financial reporting

Invoice processing

Supplier management

Regulatory compliance

Tools

V1

Ebis

Open Accounts

Job description

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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 of experience working within a Finance department, ideally within a banking environment.

The role involves ensuring the timely and accurate processing of invoices, payments, and employee expenses.

Responsibilities include:

1. Production and analysis of monthly actual vs. budget cost management.
2. Management of cost trend analysis and highlighting items with a material impact to management.
3. Assisting with the annual cost budget.
4. Regularly updating department SOPs.
5. Handling internal and external cost/supplier queries.
6. Preparing monthly KPI reports.
7. Managing the accounts payable systems (V1, Ebis, Open Accounts) and assisting other users.
8. Arranging employee Barclaycards and processing corporate card expenses.
9. Reconciling all AP accounts with the GLO.
10. Arranging monthly accrual and prepayment schedules.
11. Processing journals.
12. Monitoring AP inboxes on a timely basis.
13. Checking and clearing nostro accounts.
14. Processing travel advance expenses.
15. Supplier statement reconciliation.
16. Executing controls within own area to minimize risk of policy, procedure, and regulatory breaches.
17. Identifying new risks or control gaps and escalating accordingly.

Risk & Regulatory Duties:

1. Maintaining knowledge of applicable regulatory requirements and adhering to policies to avoid undue risk.
2. Reporting policy breaches and potential non-compliance promptly.

You will act in accordance with the FCA/PRA Code of Conduct.

The salary for this position is £40K - £50K + Benefits.

Location: Mayfair, Central London.

Please send your CV in Word format, including your salary expectations and notice period.