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Accounts Payable Specialist - Leeds, United Kingdom - JM Glendinning Insurance Brokers

JM Glendinning Insurance Brokers

Verified Company

Leeds, United Kingdom

1 month ago

Posted by:

Tom O´Connor

beBee Recruiter

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: