Accounts Receivable Assistant

1 week ago


Sheffield, United Kingdom Reed Accountancy Full time

REED Accountancy are working with a FTSE 250 group organisation who is looking for an Accounts Receivable Assistant to join the Finance team based in Sheffield. The Sheffield Finance team is part of the wider Transactional Finance team responsible for theGroup’s financial transaction processing and reporting.

**Remuneration**:

- £21,000 - £25,000 Depending on experience
- Hybrid working model (2 days in the office, 3 days working from home)
- Generous Holiday & Benefits Package

**What will you be doing?**

Bank receipts analysis (daily)
- Use bank receipt file as reference for new payments
- Obtain network breakdown reports and identify member commission, VAT, bonuses, override, tenancy, non-member commissions etc for each payment.
- Log amounts and notes on Receipt file for use by the Payment Allocation team.
- Log all tenancy payments on the Master Tenancy sheet
- Process any member payment bouncebacks
- Compile and send payment breakdown files for the Payments Team

Payment runs (daily)
- Pull payment files that have generated to record totals before Fraud checks take place and sense check the files
- Log all payment run data totals on shared payment run check sheet
- Regenerate payment methods where Fraud team have failed payments
- Download final files for each method - confirm Cashouts, upload PayPal and BACS files for approval of payment
- Upload White label files to FTP and send to clients
- Final checks that all payments are confirmed and all processes signed off
- Log all cashout totals on Monthly reconciliation file

Recording of payments in Workday (daily)
- Log all network and direct payments in Workday
- Uploading network payment files to Workday to create invoices
- Match up invoices to payments we have received in the bank
- Posting member BACS payments in Workday
- Posting member bounceback payments in Workday

Support in Tenancy chasing and maintenance
- Liaise with Sales team and clients to get overdue payments paid
- Liaise with Sales Team to follow up and update IOs and send invoices

Customer service payment queries (daily)
- Deal with any member related payment queries from Customer Support
- Search records for payment details, check bounce backs or reverse payments on Paypal

Invoicing (monthly / ad hoc)
- Monthly invoices for White Label, Tenancy, Overrides and other direct relationships.
- Invoice log updated and all overdue invoices chased
- Ad hoc Invoices throughout the month where necessary for additional arranged payments.

Monthly reporting - externally (monthly / ad hoc)
- Reports compiled at month end for Clients, agencies and networks to provide statements of accounts
- Ad hoc statements and reports as requested by clients throughout the month

**What do you need to excel in this role?**
- Meticulous analysis and recording of network payment reports
- Ensure accurate processing and recording of daily payment runs
- Prompt assistance with Customer Service and Client team queries
- Keen eye for detail and a problem-solving mindset
- Ability to navigate Affiliate Network platforms and learn new systems as required
- Building relationships with customers and colleagues, both internal and external, to ensure customers pay to terms, allowing us to achieve optimum cash flow while keeping bad debt to a minimum



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