Accounts Payable Officer- Bank - London, United Kingdom - Nexus Jobs Limited

Description

Job Description Accounts Payable Officer - Bank Our Client is an established European bank with offices in Central London.

They are looking to recruit an Accounts Payable Officer with at least 3 to 5 years experience of working within Finance department and ideally within a banking environment.

To ensure the timely and accurate processing of invoices, payments and employee expenses.

• To identify any breaks in the daily process and make recommendations to line manager.
• To monitor actual costs against target and highlight and variances in a timely manner. Responsibilities
• Production and Analysis of monthly actual vs budget cost management
• Management of Cost trend Analysis and highlighting items with a material impact to management.
• Assist with the annual cost Budget
• Regularly update department SOP's
• Deal with internal and external cost/supplier queries
• Prepare monthly KPI report
• Manage the accounts payable systems V1, Ebis, Open Accounts, provide assistance to other users
• Arrange employee Barclaycards and processing of corporate card expenses
• Reconcile all AP accounts with the GLO
• Monitor Head Office recharges
• Arrange monthly accrual and prepayment schedule
• Processing journals
• Ensure the AP inboxes are being monitored on a timely basis
• Checking and clearing the nostro accounts
• Process travel advance expenses
• Supplier Statement Reconciliation
• Accurately execute all controls within own area to minimise risk of policy, procedure, and/or regulatory breaches.
• Identify new risks/control gaps within own area and escalate accordingly to your Line Manager and/or Head of Department.
• Accurately execute all controls within own area to minimise risk of policy, procedure, and/or regulatory breaches.
• Identify new risks/control gaps within own area and escalate accordingly to your Line Manager and/or Head of Department.

Risk & Regulatory Duties

• Maintain knowledge of all applicable regulatory requirements including the Bank's Risk and Compliance policies and procedures and adhere to these to avoid exposing the Bank to undue risk.
• Report policy/procedure breaches and areas of potential non-compliance and suspicions promptly upon identification in accordance with the Bank's Risk and Compliance policies.

You will Act in accordance with the FCA/PRA Code of Conduct. The salary for this position is £40K - £50K + Benefits. Location is Mayfair Central London. Please do send your CV to us in Word format along with your salary and notice period.