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Cash and Accounts Receivables Manager

4 months ago


London, United Kingdom UK Civil Service Full time

Job summary

We are looking for an experienced finance professional who has strong knowledge of transactional finance processes and procedures in areas such as cash, receivables and purchase ledger. We are a fast-paced organisation, so we need someone who can work proactively, and prioritise multiple deadlines whilst maintaining the highest level of service.


A natural problem solver, we want someone who can find solutions to any issues which are identified and who is always looking to drive continuous improvement. You will also have strong interpersonal skills and be able to confidently communicate with people at all levels, providing the highest level of customer service to both internal and external parties.


Ofgem offers incredibly flexible and hybrid working practices, enabling you to manage your work/life balance successfully, and ensuring you can give your all to all aspects of your life. You�ll also receive an excellent benefits package.


If you are an excellent communicator who believes they can deliver a great quality service and are looking for a fantastic opportunity to join a dynamic and fast paced team, then this is the role for you.


Ofgem has a culture of inclusion that encourages, supports and celebrates the diverse voices and experiences of our colleagues. It fuels our innovation and helps ensure we can best represent the consumers and the communities we serve. Everyone is welcome - as an inclusive workplace, our employees are comfortable bringing their authentic selves to work.

Job description

Reporting to the Senior Financial Accounting Manager, you will manage cash management and receivables for Ofgem. Your work will support robust financial control across Ofgem.

Key Responsibilities

Manage online banking platform, ensuring that only authorised users are added, leavers are removed on a timely basis and access rights are monitored to ensure appropriate control over bank account access.Support payments for foreign currency suppliers and intra government payments.Work with the Accounts Payable team to support the monthly bank reconciliation process, investigating reconciling items and taking corrective action including preparing journals to be posted.Support the preparation of the annual licence fee request in order to generate prompt and accurate payments.Manage the cash flow forecast and submission of HM Treasury returns.Manage the raising of sales invoices, including licence fee invoices, and oversee all debt, pursuing prompt payment.Ensure creditor and debtor accounts are set up correctly on SUN Systems. Provide accurate advice and responses to income and cash queries from internal and external stakeholders. Provide training and guidance to non-finance colleagues on the cash and incomes processes, to improve financial awareness.Feed into the external annual audit process as required from an accounts receivable and cash perspective.Support enhancements to the IT environment, conducting testing to ensure processes operate as required after updates are made.Proactively identify opportunities and implement changes to promote continuousProvide task direction to Accounts Payable and Financial Accounts Team members, prioritising tasks as required to meet deadlines. Develop, guide and coach team members.Working flexibly and collaboratively across finance to support the team during peak times and to meet collective priorities.

Person specification

Sales invoices raised and income collected on a timely basis.Bank statements fully reconciled to ensure SUN Systems reflects all transactions.Accurate daily, monthly and annual cash flow forecasts.Stakeholder queries resolved and guidance provided as required, delivering a high level of customer service.

Behaviours

We'll assess you against these behaviours during the selection process:

Managing a Quality ServiceCommunicating and InfluencingDelivering at PaceWorking Together

Benefits

Alongside your salary of �32,498, OFGEM contributes �8,774 towards you being a member of the Civil Service Defined Benefit Pension scheme. Ofgem can offer you a comprehensive and competitive benefits package which includes; 30 days annual leave after 2 years; Excellent training and development opportunities; The opportunity to join the generous Civil Service pension which also includes a valuable range of benefits; Hybrid working (currently 1 day a week in the office but is in review), flexible working hours and family friendly policies. Plus lots of other benefits including clean and bright offices based centrally, engaged networks and teams and an opportunity to contribute to our ambitious and important targets of establishing a Net Zero energy system by 2050. This exciting blend of professional challenge and personal reward identifies career opportunities at Ofgem as something to get excited about.