Accounts Payable & Accounts Receivable Manager

Description:

This is a vital role within the Finance team that shall be primarily responsible for supplier & customer relationship management. The individual will be responsible for managing and day to day functioning of accounts payable and credit control function of the Group. The role shall also contribute towards internal and external stakeholder reporting and maintaining relationship with the customers, suppliers, and various internal teams/departments.

Duties & Responsibilities:

• Managing the month end and day to day process for accounts payable, staff expenses, corporate credit cards, travel requests and petty cash to ensure that deadlines are met with all applicable accounts being reconciled and signed off.
• Managing and training accounts payable assistant and overseeing the purchase ledger function by ensuring all invoices are processed and payment runs are completed in an accurate and timely manner.
• Approving AP invoices on Concur regularly and ensuring data accuracy in ledger along with maintaining relevant records/support for all invoices. Reviewing SUN journals in relation to manual payments, bank adjustments, intercompany settlements, debtor allocations & invoice postings etc.
• Managing the month end and day to day process for accounts receivable function of the Group and accurate ensuring client invoices are sent, recorded on SUN system, and settled on a timely basis.
• Responsible for the management of the accounts payable (AP) and Accounts receivable (AR) inbox while ensuring timely and effective responses on the queried invoices.
• Maintaining supplier master data in Concur and client master in SUN systems, creating new suppliers, customers and managing trade receivables and payables ledger for all the LMAX entities in SUN systems.
• Perform Bank reconciliation for all dedicated AP and AR related bank accounts across all the different entities of the Group and submit on Blacklines.
• Review and circulate monthly creditors and debtors ageing report to the management along with commentaries.
• Building relationships with key suppliers, clients, relationship managers, internal department heads and the group procurement team.
• Working closely with the senior accountants to ensure the month-end deadlines on AP are met and AP ledger closed on the agreed deadline.
• Working with the relationship managers to understand the client relationship, improve the collection process and report/escalate & investigate on the overdue debts.
• Arranging and chairing meetings with relevant teams to gain sight of any potential issues on debt recovery and supplier engagement.
• Ensure allocated balance sheet accounts are fully reconciled each month for all entities within the Group in Blacklines.
• Assist with Group annual audit process by liaising with the auditors on areas of receivables and payables across the Group entities and providing accurate data for the audit requests.
• Assist on month-end related task as the need may arise.
• Provide support for variance analysis for actual spend vs budget/reforecast
• Maintain up to date documentation and process notes on Confluence portal, implement and monitor standard accounting procedures and improve the internal control environment across AP /AR function.
• Complete other ad-hoc tasks, projects to support the business.

Requirements:

Essential Skills:

• Good understanding of basic accounting concepts and double entry.
• Working knowledge of Microsoft excels including basic functions such as XLookUp, Pivot tables, SUMIF formulas.

• Must be a fluent communicator in English with aptitude to be able to resolve internal stakeholders and external supplier queries.

• Diligence and attention to detail while managing workload in a fast-paced environment.

• Excellent organisation and interpersonal skills, committed driver of efficiency and productivity.

Desirable Skills:

• Prior experience in accounts payable function in fintech or capital markets industry.
• Experience in using SUN systems and Concur Invoice & expense management.
• Advanced excel skills and sound accounting knowledge

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