Accounts Payable

Avencia Consulting

About us

Avencia Consulting are recruiting on behalf of a leading Specialty Insurer in the City, who are looking to hire an Accounts Payable Accountant to join.

The role

Reporting to the Non-Technical Accounting Manager, you will be responsible for accounts payable, invoicing and vendor management.

Key accountabilities

• Enter and upload invoices into SAP Concur for review and approval including the coding of invoices in accordance with pre-determined budget portfolios
• Schedule invoice payments based on defined payment terms and prepare and process electronic fund transfers and payments
• Monitor accounts payable ledger to ensure supplier payments are up to date
• Post transactions to accounts payable ledger and other records
• Reconcile accounts payable ledger to the general ledger
• Research and resolve invoice discrepancies and issues and correspond with vendors and respond to inquiries where necessary
• Reconcile bank accounts to the general ledger
• Post monthly prepayment expenses
• Post monthly accruals in accordance with pre-determined budget portfolios
• Review and prepare monthly balance sheet reconciliations
• Maintain electronic vendor files including the verification of vendor bank details
• Track expenses against budget and prepare analysis of expense accounts as necessary
• Assist with internal and external audit requests as necessary
• Continually assess the accounts payable and payment process for improvements

Skills & experience

• A minimum of 1-3 years accounts payable or general accounting experience
• Working towards an accounting designation not required but considered an asset
• Knowledge of general accounting principles considered an asset, particularly in relation to accruals and prepayments
• Knowledge of relevant accounting software (previous experience with Oracle and SAP Concur preferred but not required)
• Proficient in data entry and management including working knowledge of Microsoft Excel
• Ability to prioritise, multitask and meet deadlines
• High level of accuracy and attention to detail
• Ability to work as part of a broader finance team
• Excellent verbal and written communication skills