Accounts Payable Specialist - Leeds, United Kingdom - JM Glendinning Insurance Brokers
Description
Job description - Accounts Payable Specialist
About Us
JMG Group is a Private Equity backed insurance broking group based in Guiseley, West Yorkshire with regional office representation around the UK.
We are a top 30 broker, growing rapidly having completed numerous acquisitions and doubled in size since we completed our MBO in November 2020.
We place over £200m of Gross Written Premium into the market annually and our teams are well respected in the industry.
Customer excellence is the backbone of our business, which means that our people, systems, and processes are central to our success.
Overall objective:
This is a key role in the fast-growing JMG Group, working for the Group Finance Controller.
The primary areas of focus for the Accounts Payable Specialist will be:
- Responsibility for developing and maintaining strong processes and controls
- Maintaining accurate finance records and reporting of operational transactions
- Improving systems and processes to assist with making finance operations more efficient
- Supporting the finance team to deliver accurate monthly finance reporting to tight deadlines
Duties and responsibilities
- Maintaining accurate and complete finance operational records on Xero
- Cost centre coding and maintaining the workflow approval process of purchase ledger invoices, credit cards and staff expenses operated via a central purchase ledger. Ensuring all invoices are processed and payment runs are completed in an accurate and timely manner
- Prepare prepayment and accrual journals to ensure timely month end production of reporting accounts
- Review balance sheet control account reconciliations to ensure correct coding and P&L expense timing. With all applicable accounts being reconciled and signed off
- Approvals of bank payments in line with group policies
- To centralise the finance operational activities of, when applicable, the acquired companies into our central team
- Plan and execute the finance operations integration activity so that the finance operational records and reporting requirements of the integrated company continue uninterrupted
- Develop key metrics and variance reporting across finance operations and other operational business requirements
- Build and maintain strong relationships with relevant departments in order to collate accurate and timely financial records and reporting
- Working closely with the management accounting teams to support accurate reporting for the group
- Supporting the Year End and interim audit processes as required
- Work with the finance team to challenge existing processes to develop and implement improvements to policies, procedures and controls to increase accuracy and efficiency
- Tracking bank accounts, performing bank reconciliations, testing the systems and controls held in place
- Staying informed of changes in financial regulations and legislation as applicable to the team.
To be successful in this role you will have worked within a similar Accounts Payable function and will be able to work autonomously on volume based tasks, ideally within an Insurance or professional services organisation with multiple entities.
You will ideally be located close to Guiseley in Leeds and be happy (once fully trained on our systems) to work in a hybrid 3:2 home/office working pattern.
Job Types:
Full-time, Permanent
Salary:
£28,000.00-£35,000.00 per year
Benefits:
- Casual dress
- Company events
- Company pension
- Gym membership
- Life insurance
- Onsite parking
- Private medical insurance
- Referral programme
- Sick pay
- Wellness programme
- Work from home
Schedule:
- Monday to Friday
- No weekends
Ability to commute/relocate:
- Leeds: reliably commute or plan to relocate before starting work (required)
Experience:
- purchase ledger: 2 years (preferred)
Work Location:
In person
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