Assistant Manager - Accounts Payable Specialist

Overview

We are seeking a dedicated Accounts Payable Specialist to manage and process invoices and payments specifically for London market operations. This full-time role based in Noida requires ensuring precise and compliant handling of all accounts payable financial transactions following company policies and UK regulatory standards.

Key Duties

• Efficiently process a significant number of vendor invoices using accounting software, ensuring proper allocation to expense accounts and securing necessary approvals prior to payments.
• Maintain up-to-date vendor records including banking and payment terms, respond promptly to inquiries, and address any payment discrepancies fostering strong vendor and internal relationships.
• Execute weekly payment cycles including BACS, CHAPS, and foreign currency settlements, reconcile payment batches with authorization, and manage employee expense reimbursements.
• Carry out monthly vendor account reconciliations, resolve discrepancies, and collaborate with departments for accurate month-end closings.
• Support accounts payable reporting requirements, uphold VAT and tax compliance, and assist with audits by providing requested documentation.
• Seek continuous process improvements to enhance accounts payable efficiency and keep abreast of payment and accounting regulatory updates.

Qualifications and Skills

• Bachelor’s degree in Accounting, Finance, or related fields is preferred.
• Between 3 to 7 years experience in accounts payable, ideally with exposure to London market or insurance sectors.
• Experience handling multi-currency and global vendor payments.
• Strong proficiency in accounting software such as SAP, Oracle, or similar ERP systems and advanced Excel skills including pivot tables and V-lookups.
• Familiarity with UK VAT regulations and international payment protocols.
• Excellent attention to detail, communication, and problem-solving capabilities suitable for a fast-paced environment.
• Ability to collaborate effectively across various departments and with external vendors.

Preferred Qualifications

• Experience in London insurance market operations.
• Knowledge of Lloyd’s and associated market regulatory standards.
• Professional certifications such as AAT or equivalent.

Benefits

• Competitive compensation package including salary and bonuses.
• Comprehensive health and dental insurance coverage.
• Pension scheme and additional retirement benefits.
• Opportunities for career advancement within an international company.