Transactional Finance Manager

2 weeks ago

London, United Kingdom Page Personnel Finance Full time

An exciting opportunity has come about for an experienced manager to join a well known, growing business. As the Transactional Finance Manager you will be responsible for two Accounts Payable Managers and an Accounts Receivable Manager.

**Client Details**

My client is a group of travel companies who are seeing very strong demand post pandemic. They have a strong track record and ambitious plans for the coming years. Their head office is based in the City of London.

**Description**

As the Transactional Finance Manager you will be responsible for the following:

- Manage the Accounts Payable department for the Group. Ensure the most efficient process is adopted for invoice processing, and payments runs are managed in a way that optimises the working capital profile of the group.
- Manage the Credit Control function, ensuring that customer balances are collected in line with terms and conditions.
- Manage the bank postings and reconciliations function, ensuring complete and accurate posting of receipts into the accounting system. Oversee posting of employee expenses.
- Ensure the team is well supported, properly trained and managed effectively.
- Ensure a robust reconciliation and control environment. Identifying risk areas and implementing processes to mitigate.
- Ensure aged creditor reports and aged debtor reports are regularly reviewed and areas of risk are identified and communicated to financial control teams with actions agreed for resolution.
- Oversee issue management & resolution processes, invoice quality and payment administration.
- Ongoing review of internal processes and procedures for improvements and processing efficiency, ensuring the team are processing effectively with the tools provided and that operating issues are escalated and followed through for resolution.
- Produce KPI reports on productivity, highlighting main issues and concerns as well as positive feedback on performance.
- Review and monitor SLA's and processing KPIs, looking for trends, identifying improvements and isolating areas of concern.
- Generate proposals for processing improvements and new technologies to suit the needs of the department, improving processing efficiencies and the control framework.
- Support the financial control teams on issue management, improving controls and understanding on AP and AR processes, discussing and changing as required to business change.
- Contribute to the cash flow forecast, inputting on forecasted supplier payments and customer receipts.
- Manage the short-term cash requirements of the group through working capital management as required

**Profile**

To be considered for this Transactional Finance Manager you must have the following:

- Excellent people management skills in a high volume finance processing shared services environment
- Excellent knowledge and substantial experience of Financial Control, Accounts Payable, Credit Control and Banking processes and relevant business requirements
- Background in travel highly desirable

**Job Offer**
- £60,000 - £70,000 + excellent benefits
- Bonus

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