AR/AP Transactional Manager

Posted 02 October 2023
Salary £35000 - £45000 per annum, Benefits: plus excellent benefits
Discipline Transactional & Part Qualified
Contact NameHarriett Busby

Job description

About the Company:

Axon Moore are delighted to be working with a well-established and growing business based in Worsley to appoint a Transactional Manager to oversee all transactional matters within the finance function The business operates in the retail industry and is continuing their growth online with impressive increases year on year.

Reporting in to the Financial Controller, the role holder will primarily be responsible for handling the day to day financial transactions within the company, looking after the AP and AR function as well as all banking/cash matters. You will lead a team of 3, ensuring their day-to-day responsibilities are completed as well as carrying out appraisals with a view to developing the team. This is a hands on role where you will be involved in the transactional workload and will be the point of contact for escalations/complex queries.

Salary and Benefits:

Salary is £35,000 - £45,000 per annum depending on experience. 25 days holiday, pension, parking on-site, flexibility available on working hours, employee discounts.

Key Responsibilities:
  • Lead the Accounts Receivable team to ensure regular review of payment status, cash reconciliation and allocation to ensure accurate and up to date Debtors ledger.
  • Liaise with credit insurer to make sure that we have appropriate insurance in place for any current and prospective customers.
  • Liaise with the Marketplace Manager to ensure platforms have been set up correctly and that sales are being recorded correctly and reconciled receipts.
  • Report to Management on a monthly basis with the size and ageing of the Debtor’s ledger highlighting any customers with overdue debt or who are approaching their credit insurance limit.
  • Lead the Accounts Payable team to ensure the accurate and timely processing of supplier invoices.
  • Review effectiveness of existing PO system and recommend changes where appropriate.
  • Ensure both Revenue and Expense accruals at the month end are recorded accurately in the accounts.
  • For both AP & AR, liaise with relevant department Managers to make sure all stock and supply queries are resolved.
  • Delivery of month end close timetable for AP & AR.
  • Ownership of all AP and AR processes, including the development and implementation of improvements to systems and processes (alongside the Financial Controller and Management Accountants) within the department to ensure efficient and effective business operations. This will include but is not limited to;
    • Implement a weekly BACs payment run.
    • Bring the closure of AP & AR down to WD1/2.
    • Supplier statement reconciliations for all major suppliers finalised by WD5.
    • Work on a more efficient way to perform the bank reconciliations.
    • Updating the current process for intercompany transactions.
    • Responsible for ensuring all bank accounts are regularly reconciled and receipts/payments are allocated to the ledger by WD2.
    • Maintenance of UK and foreign bank accounts.
    • Liaise with the Management Accounts on the production of the rolling 13 week cash flow forecast.
    • Assist with year-end audit requests, specifically around AP & AR.
    • Leadership and development of the team including appraisals, holiday cover etc.
Professional qualification and competencies:
  • Experienced in working in an Accounts Receivable Accounts Payable role with experience dealing with banking and cash.
  • Experience in managing a team would be beneficial, however we can consider those without experience and are looking to progress their career
  • Proficient in working with spreadsheets using Microsoft Excel
  • Knowledge of general accounting software and experience in Sage 200 would be beneficial
  • Ability to demonstrate a high level of attention to detail, excellent organisation skills and tenacious by nature
  • Ability to organise and prioritise workload
  • Ability to analyse and solve problems with a view to implementing new processes
  • Confident individual with a good work ethic and people management skills
  • Able to work under pressure and to strict deadlines
  • Process driven, ability to challenge existing processes and implement improvements
For more information, please contact Harriett Busby at Axon Moore