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Accounts Payable Assistant

Location: Coventry, United Kingdom

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Office: Moneycorp  
Location: Coventry   
Date published: 24th January 2024
Closing date: 2nd February 2024
Who We Are  
Moneycorp is a thriving dynamic business with an excellent reputation helping Corporate and Private Clients with their FX and International Payments requirements for over 40 years. As a globally expanding business, our footprint covers UK & Ireland, Europe, USA, Canada, Hong Kong, UAE, and Brazil!  
With our extremely rare single IBAN multi-currency account, we are able to assist with a variety of different payment needs, including business payment solutions, personal payments abroad (for example buying a property), travel money, as well as the ability to offer interest on deposits. Supplementing this, we also support the global supply chain of wholesale banknotes through our Financial Institutions Group (FIG) and partnership with the US Federal Reserve Bank, to build deeper payment relationships with international banking customers.  
It is through obtaining our own banking and payment licenses, the acquisition of two banking platforms and access to 16+ liquidity providers that we are able to proposition a trailblazing FinTech payment infrastructure that simplifies our customer’s diverse business needs and reduce their costs. There is no doubt that we are a major player and differentiated ourselves in a continuously evolving and competitive industry.  
With 500+ employees, Moneycorp prides itself in attracting some of the world’s top talent and the people who work at Moneycorp are truly behind its continued success. As Moneycorp continues to expand into new territories, there are considerable opportunities for growth for newcomers and the learning possibilities are endless. We welcome you to be part of a team which has a passion for the business, all within a collaborative and supportive working environment that has ultimately translated to a unique exciting business. To find out more about our journey click here.  
Is this your next challenge….   
We have a fantastic opportunity for a Accounts Payable Assistant to join the Moneycorp Finance team based in London, UK.  
The MoneyCorp Core Finance team is looking to strengthen it systems, processes and team knowledge to ensure we keep up with the Group’s rapid growth. To help improve the Group’s Financial Control capability, the need for an Accounts Payable Assistant has been identified. The Accounts Payable Assistant is responsible for all accounts payable related activities and has responsibilities for the various business lines and locations across the MoneyCorp Group. Key responsibilities would include:  
  • Ensuring payments are made to Suppliers and employees on a timely basis and that receipt of monies owed are paid as per our set out terms.
  • Liaise with Suppliers and colleagues ensuring Purchase Ledger system runs smoothly and efficiently
  • Supplier Invoice Processing
  • Maintaining account balances and investigating any discrepancies
  • Managing a variety of stakeholders across the business including Finance, Operations and IT
  • Managing any invoice queries to closure
The successful candidate will also become involved in project work to automate current procedures, improve the control environment, and will work with a number of senior people across the Finance and Cost Control functions of the Group.    
Key duties:  
  • Engage with and manage a broad stakeholder group across the business including Finance, Operations and IT
  • Ensure that priorities are agreed and clearly communicated to stakeholders
  • Coding and pre-posting invoices into SUN Financial System
  • Web based Procurement activity - IPOS processing and maintenance
  • Managing invoice queries to closure
  • Review of employee expenses prior to payment in line with company expense claim policy
  • Liaise with Suppliers and colleagues ensuring Purchase Ledger system runs smoothly and efficiently
  • Maintaining account balances and investigating any discrepancies
  • Working closely with Financial Control and providing support where necessary
  • Creating Monthly Sales Ledger Invoices for the Financial Institutions Group
  • Liaise with Customers and colleagues ensuring Sales Ledger system runs smoothly and efficiently
  • Maintaining account balances on a monthly basis
  • Providing support to all Group staff for any Sales Ledger issues that may arise
  • Creating statements and subsequently chasing payments
  • Ensure that the accuracy and completeness of supplier payments is captured across all Group companies 
  • Supporting Treasury to make daily manual bank transfers
  • Preparation and posting of weekly payments, employee expense claims and foreign payments
  • Providing support to all Group staff and external clients for any payment related issues that may arise
  • Financial Accounting
    • Ensure that transaction are appropriately and accurately processed
    • Producing Monthly statements
    • Posting Journals
  • Support the Finance team in the preparation of month end reporting as required
  • Produce ad hoc overdue letters
  • Assist in the Company credit card reconciliation process
  • Assist in CAPEX and Purchase order processes and tie up with Purchase Ledger
  • Ensuring that maintained files are archived on a regular basis
  • Continuous improvement
    • Maintain a log of Accounts Payable issues which require remediation and work with stakeholders to develop strategic solutions
    • Continuously evaluate existing processes and make changes which enhance efficiency and control
What we’re looking for / Skills that will help you in the role  
Knowledge and Experience:  
  • Minimum 3 years prior Purchase Ledger experience
  • Experience of working within financial services and regulated entities
  • Experience of multi-site, multi-currency and multi-divisional organisation
  • Strong interpersonal skills
  • Clear strong communications skills, both written and verbal
  • Strong analytical abilities, with an enquiring mind
  • Ability to build relationships with stakeholders at varying levels of seniority
  • Technically competent on Microsoft Office programs.  Knowledge of SUN desirable.
This is an exciting opportunity for a highly motivated individual interested in working in a challenging and changing environment in a growing company and industry. It offers the position holder an opportunity to work in a growing sector during an exciting time in the evolution of the business.  
Please note: This is a full-time, permanent position as part of Finance team in Coventry.   
What you get in return:  
This role offers a competitive salary, plus a benefits package including private medical health insurance.  
If the role sounds like you, we invite you to upload a copy of your CV and can do this by clicking on the Apply Now button.  
For company news, announcements and market insights, visit our News Hub  
You can also find Moneycorp on FacebookTwitter UKTwitter AmericasInstagramLinkedIn, where you can discover how we are leading the way in global payments and currency risk management.   
Diversity and Inclusion    
Moneycorp is proud to be an Equal Opportunity employer. Across our Group, Moneycorp maintains a philosophy that an inclusive company culture inspires creativity, fosters a sense of belonging, and is imperative to both personal and professional growth. With a makeup of 47 percent female employees, Moneycorp has a remarkably diverse workforce. Our commitment to inclusion and opportunity continues to evolve and improve as we listen and engage with our diverse teams.   
All qualified applicants will receive consideration for employment without regard to age, colour, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, political affiliation, status as an individual with a physical or mental disability status as an individual with a protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.   
Moneycorp believes that diversity is critical to our success in helping Corporate and Private Clients with their FX and International Payments requirements across the world and is committed to creating an inclusive, mutually respectful environment which celebrates diversity. We hire on the basis of talent, merit, competence, performance, and business needs.   

Interested in working for Moneycorp?

There’s never been a more exciting time to join Moneycorp. We’re proud to be playing a pivotal role in shaping the future of the payments industry and we’d be delighted to hear from you if you feel you’d be a good fit for us.

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