AP/AR Manager

Description:

This position is perfect for an adept AP/AR Manager seeking a rewarding career in the retail industry. The role involves maintaining accounts payable and receivable, ensuring financial security, and enhancing the overall financial health of the company.

Client Details

Our client is a well-established entity in the retail sector. With a team size of over 300 employees, this company is known for its robust finance department and its commitment to maintaining high standards of financial practice.

Description

Purpose

Responsible for the management of the Sales and Purchase Ledger functions.

Manage, organise, and prioritise the work of the Sales/Purchase Ledger to ensure individual tasks are completed within deadlines.

Adhere to all Company and Group internal and external deadlines.

Teamwork

To work as part of the finance team fostering a friendly and productive office environment.

Communication

Maintain good relationships with all colleagues, both internally and Group with a particular emphasis on suppliers and customers.

To keep the Finance Manager aware, in a timely manner, of developments/issues affecting the smooth operation of the Finance Department.

Strategic

Ensure that the objectives set for the Finance Department are achieved in the most efficient way.

Analytical

Review and monitor all information processed by the department, paying particular attention to detail, and ensuring that it is dealt with in a timely fashion.

Responsibilities & Expertise

Sales Ledger

· Responsible for credit control function and minimising customer debt.

· Liaising with the Sales Team where necessary and keeping them informed of those customer accounts which will shortly be out of terms and advising on necessary action to be taken.

· Ensuring customer payments are processed in a timely, efficient, and accurate manner; including cash book completion for month end close down.

· Ensure that all customer accounts are reconciled and that statements are sent out monthly.

· Ensure that customer queries due to shortages and prices are resolved.

· Involved in the month end closure and reconciling the ledger to the nominal accounts.

· Confirming information on customer credit application forms and running credit scoring reports.

Purchase Ledger

· The role will involve receiving and recording invoices onto our company software. Ensuring that invoices are authorised in a timely manner in order to avoid late payment.

· Matching invoices to purchase orders. This will involve raising queries / credit requests for incorrect quantities/pricing and liaising with the relevant Manager.

· Reconciling the purchase ledger to the nominal ledger on a monthly basis and producing month end reports.

· Preparing weekly supplier payment files in GBP, EUR, and USD for submission to the Treasury department.

· Inform the Cost Accountant of upcoming cashflow requirements.

· Dealing with foreign currencies, mainly EUR & USD.

· Reconcile supplier and intercompany balances on a monthly basis to a strict deadline.

Profile

A successful AP/AR Manager should have:

A degree in Finance, Accounting, or a related field.
Proficiency in accounting software.
Strong understanding of financial regulations and legislation.
Excellent numerical skills and attention to detail.
Ability to lead and manage a team effectively.
Strong decision-making and problem-solving skills.Job Offer

An estimated hourly salary range of £18.00 - £22.00, depending on experience.
A supportive and inclusive company culture.
The opportunity to develop your career in the retail industry.
Generous holiday leave