Accounts Payable Assistant

2 weeks ago

London, Greater London, United Kingdom PIC Full time £25,000 - £35,000 per year

Pension Insurance Corporation ("PIC") provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilient, Adaptable, and Loyal.

PIC is recruiting for an Accounts Payable Assistant on a Fixed Term Contract to join its Reporting & Financial Management department. In this role, you will effectively collaborate with teams across PIC to secure their buy-in and implement improvements to systems, processes, and technology, as appropriate. You will apply knowledge and insights concerning the Accounts Payable function and how this impacts our policyholders.

Specific accountabilities assigned to the role of Account Payable Assistant within the Reporting & Financial Management team:

  • Audits staff expenses to ensure they are in line with Staff/NED expense policy, necessary receipts are attached, and coding/approval path is correct
  • Ensures that all suppliers and staff expenses are paid on time
  • Maintains accurate and timely posting of cash receipts and payments to the Oracle ledger using Oracle cash manager to ensure all bank accounts are reconciled promptly every week and at month end with the cash posted accurately to the ledger.
  • Builds strong relationships with suppliers, budget holders and PO Champions across the Company to aid processing supplier invoices and resolve any payment queries
  • Ensures the bank account administration is kept up to date as well as all relevant process documents
  • Takes ownership for their own learning and development in both technical (e.g. data analysis and critical judgement) and non-technical (self-insight and relationship management) skills of Reporting & Financial Management
  • Keeps informed of industry trends, market developments, regulatory changes in the public and private sectors, as well as best practices related to the payment practise report by attending industry seminars, reading and sharing relevant published articles

Knowledge:

  • Familiar with Oracle, including the Accounts Payable & Cash Management Module
  • Good working knowledge of MS Access, MS PowerPoint, MS Word
  • Understanding of payment types such as BACS, CHAPS etc.
  • Good technical knowledge of bank reconciliations

Experience:

  • Experience working with external stakeholders or third parties
  • Financial services / Insurance experience
  • Accounts payable experience in a busy, time pressured organisation
  • Looking to work towards an accountancy qualification

Skills:

  • Strong organisational skills and communication skills
  • Ability to persuade and influence both directly and indirectly
  • Ability to organize work to meet deadlines
  • Ability to work within defined procedures as recommended by functional teams
  • Commercial judgement

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.

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