Accounts Receivable / Payable Manager

  • London
  • Finance
  • Full-time

R3 is an enterprise software firm working with over 85 banks, financial institutions, regulators, trade associations, professional services firms and technology companies to develop Corda, its distributed ledger platform designed specifically for financial services. R3’s global team of over 200 professionals in 10 countries is supported by over 2,000 technology, financial, and legal experts drawn from its global member base.

Reporting directly to the Group Finance Director and as a key member of the global finance department the candidate will be responsible for leading R3’s Accounts Receivable (AR), Accounts Payable (AP) and Credit Control processes from Sales Contract / Procurement through to cash settlement.
Leading a newly created team, the candidate will be responsible for the formation of the AP/ AR / Credit Control function, with direct line management responsibility for one (yet to be hired) AP/ AR associate. The position will be hands on, responsible for all processing, management and reporting across both AP, AR, Credit Control and cash. In addition, the candidate will manage the design and implementation of system driven process improvements and workflows through R3’s NetSuite ERP tool, in conjunction with R3’s wider suite of internal systems (e.g. Salesforce).
The candidate will liaise with internal and external stakeholders, suppliers and customers to ensure accurate and timely processing and settlement of transactions, maintaining the highest quality of working capital cash management.

Responsibilities – Accounts Payable

  • Oversee all aspects of the Accounts Payable cycle ensuring AP transactions are performed in line with the company policies and specific country or regional requirements
  • Process purchase invoices in an accurate and timely manner, proposing twice monthly payment runs for validation and approval by regional Financial Controllers
  • Accurately process local sales tax (VAT, GST, SUT) for input into periodic returns
  • Manage relationships with internal stakeholders and suppliers, including onboarding, providing remittances and reconciling accounts/ debit balances in a proactive manner
  • Deal with all queries and liaise with all relevant internal departments to ensure queries are responded to promptly
  • Manage all internal and external audit queries as they arise in relation to accounts payable accounts, payments and ledgers
  • Provide monthly management reporting against key KPIs, such as average payment days and aged creditors 

Responsibilities – Accounts Receivable/Credit Control

  • Oversee all aspects of the Accounts Receivable and Credit Control cycle, ensuring transactions are performed in line with the company policies and specific country or regional requirements
  • Work proactively with regional Finance Controllers to accurately depict revenue recognition timing and invoicing, through systemized processing of bespoke contracts
  • Liaise with R3’s Professional Services team to ensure accurate and timely invoicing of time-based services (PS hours) and rechargeable expenses
  • Establish strong working relationships with customers, ensuring receipt of quarterly ‘honesty reporting’ and subsequent timely invoicing
  • Accurately invoice local sales tax (VAT, GST, SUT) in line with local regulation, providing input into periodic returns
  • Implement proactive credit control processes, with a view to managing debtor ledgers against targets and reducing debtor payment days
  • Implement an end to end contract to cash process, ensuring internal KPIs are established and adhered to around customer onboarding, contract set up, invoicing and cash collection
  • Manage all internal and external audit queries as they arise in relation to accounts receivable accounts, payments and ledgers
  • Provide monthly management reporting to the Group Finance Director, CFO and CRO against key KPIs, such as average payment days and aged debtors

Responsibilities – Cash Management/Other

  • Daily upload into R3’s finance system (NetSuite) of bank statements, ensuring cash allocation of all items to AP/AR ledgers
  • Manage the employee expenses system (Expensify)
  • Manage the company credit card reconciliation process
  • Manage inter-company cash-flow funding
  • Prepare and maintain process flow documentation
  • Lead the AP/ AR associate, managing their performance and development through regular one-to-ones, training plans and effective delegation

Requirements

  • Experience
  • 3 – 5 years’ Accounts Payable, Accounts Receivable and Credit Control experience, working within a fast-moving, changing environment
  • Proven experience of process implementation and improvement skills (ie Six Sigma certification or previous end to end process design)
  • Prior experience of leading a small team, with effective delegation of tasks
  • Experience of working with multi-currency ledgers in a multi-entity organization across differing tax jurisdictions
  • Previous exposure to NetSuite advantageous; advanced Excel skills essential
  • Knowledge of UK VAT and US SUT
  • Personal Competencies
  • Strong analytical and problem-solving skills and ability to demonstrate initiative
  •  Strong written and verbal communication skills
  •   Ability to work independently with minimal guidance
  •  Ability to work collaboratively with cross-functional teams.
  •  Must be organised and have the ability to manage multiple projects in parallel whilst meeting internal/external deadlines
  •  Ability to handle high levels of pressure and critical decision-making
  •  Strong team mentality

Interested in joining our team?

Apply Now

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