4447084-Assistant Manager

EXL; Dadri; On-site; INR 600,000 - 900,000; Full time

Benefits offered by this job

Competitive salary

Bonus structure

Health and dental insurance

Pension scheme

Job summary

EXL in Noida is seeking an Accounts Payable Specialist to manage invoices and payments for London market operations. You will ensure accuracy and compliance with company policies and UK regulations.

The role involves processing high volumes of vendor invoices, maintaining vendor records, and running weekly payments including BACS and CHAPS, with attention to multi-currency requirements. You will collaborate across departments to support month-end close.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field preferred.
• 3-7 years of experience in accounts payable, preferably with exposure to London market or insurance industry.
• Experience with multi-currency transactions and global vendor payments.
• Proficiency in accounting software (SAP, Oracle, or similar ERP).
• Strong Excel skills (pivot tables, v-lookups).
• Regulatory knowledge: UK VAT and international payment processes.

Responsibilities

• Invoice Processing: process a high volume of vendor invoices with proper coding.
• Vendor Management: maintain vendor details, respond to inquiries, resolve discrepancies.
• Payment Processing: prepare weekly payment runs (BACS, CHAPS, foreign currency); reconcile payments.
• Account Reconciliations: monthly vendor account reconciliations and month-end close support.
• Reporting & Compliance: assist in AP and other financial reports; VAT/regulatory compliance; support audits.
• Continuous Improvement: identify process improvements and stay updated on regulations.

Skills

Accounts payable experience

London market exposure

Multi-currency transactions

Excel (pivot tables, v-lookup)

Attention to detail

Effective communication

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

SAP

Oracle

Job description

Job Description: Accounts Payable Specialist – London Market Client ;Location: Noida ;Department: Finance / Accounts Payable ;Reports to: Accounts Payable Manager ;Type: Full-time

Position Overview:

The Accounts Payable Specialist will be responsible for managing and processing invoices and payments for the London market operations. The ideal candidate will ensure that all financial transactions related to accounts payable are executed efficiently and accurately, in compliance with company policies and UK financial regulations.

Key Responsibilities:

• Invoice Processing:
  
  
  • Accurately process a high volume of vendor invoices using accounting software.
  
  
  • Ensure proper coding of invoices to appropriate expense accounts.
  
  
  • Obtain necessary approvals before processing payments.
  
  


• Vendor Management:
  
  
  • Maintain and update vendor details, including banking information and terms of payment.
  
  
  • Respond to vendor inquiries and resolve payment discrepancies.
  
  
  • Build and maintain strong relationships with vendors and internal stakeholders.
  
  


• Payment Processing:
  
  
  • Prepare weekly payment runs, including BACS, CHAPS, and foreign currency payments.
  
  
  • Reconcile payment batches and ensure all payments are authorized.
  
  
  • Process and record employee expense reports and reimbursements.
  
  


• Account Reconciliations:
  
  
  • Perform monthly vendor account reconciliations.
  
  
  • Assist in resolving any discrepancies in vendor statements.
  
  
  • Collaborate with other departments to ensure accurate month-end close.
  
  


• Reporting & Compliance:
  
  
  • Assist in generating accounts payable reports and other financial reports as required.
  
  
  • Ensure compliance with VAT and other tax regulations.
  
  
  • Participate in audit processes and provide documentation as needed.
  
  


• Continuous Improvement:
  
  
  • Identify process improvement opportunities and implement best practices to improve efficiency in the accounts payable function.
  
  
  • Stay updated on regulatory changes related to payments and accounting.
  
  

Skills & Qualifications:

• Education: Bachelor's degree in Accounting, Finance, or a related field is preferred.


• Experience:
  
  
  • 3-7 years of experience in accounts payable, preferably with exposure to the London market or insurance industry.
  
  
  • Experience with multi-currency transactions and global vendor payments.
  
  


• Technical Skills:
  
  
  • Proficiency in accounting software (e.g., SAP, Oracle, or similar ERP systems).
  
  
  • Strong Excel skills (pivot tables, v-lookups).
  
  


• Regulatory Knowledge: Familiarity with UK VAT regulations and international payment processes.


• Soft Skills:
  
  
  • Strong attention to detail and ability to work in a fast-paced environment.
  
  
  • Excellent communication and problem-solving skills.
  
  
  • Ability to collaborate across departments and with external vendors.
  
  


• Desirable:
  
  
  • Experience working within the London insurance market.
  
  
  • Knowledge of Lloyd’s and other market regulatory frameworks.
  
  
  • AAT or equivalent qualification.
  
  

Benefits:

• Competitive salary and bonus structure.


• Comprehensive health and dental insurance.


• Pension scheme and other retirement benefits.


• Opportunities for career progression within a global company.

This position provides the opportunity to work closely with key financial operations in the London market, contributing to the smooth running of the company’s accounts payable processes.