Job Description

Operating for over a decade, our client is a leading global player in commercial law. They have a range of high-profile clients including FTSE and AIM companies, and a dedicated team of over 900 lawyers across eleven offices. People are key to their success, which is why they seek to recruit and retain the most talented individuals in all regions of their global practice.

They are now looking for an Accounts Payable Specialist this role is responsible for reconciling and processing payment of approved expenditures and ensuring that expenses are paid accurately and in a timely manner; perform accounting and admin tasks related to the efficient maintenance and processing of accounts payable transactions, ensure that all vendor & staff accounts are current.

Responsibilities

• Ensure timely & accurate entry of all invoice transactions by Managers & Admin staff into Chrome River in accordance with appropriate approvals & account codes, checking that invoices have not been previously paid

• Receive and review individual invoices and payment requests for appropriate supporting documentation in accordance with the firms policies and procedures

• Verify and/or adjust coding of non-billable and billable expenses as indicated in the financial chart of accounts and chart of cost codes to ensure proper entry into the financial system

• Review invoices and payment requests for appropriate approval as outlined in the Firm’s Grants of Authorities

• Prioritise and select invoices for timely payment runs and one-off urgent payments

• Ensure timely & accurate entry of all expense transactions by all staff into Chrome River in accordance with appropriate approvals & account codes, checking for any discrepancies and/or omission of receipts in accordance with firm policy

• Maintain periodic upload to the financial system of expense reports in preparation for reimbursement

• Prioritise and select invoices & expenses claims for timely payment runs and one-off and/or urgent payments

• Ensure authorised bank signatory approvals are obtained for all bank payments

• Account for input VAT on all purchase invoices & expenses where required

• Ensure vendor accounts are current and paid within agreed vendor payment terms

• Review all new vendor account information in accordance with firm policy

• Respond to all vendor and internal customer enquiries as and when required

• Reconcile vendor statements, research and correct discrepancies where required

• Ensure appropriate credit notes are obtained from vendors where necessary

• Cover for existing Accounts Co-ordinator role during periods of absence

• Handling of ad-hoc queries and reporting requests as required

Candidate Profile

• Legal or professional services accounting experience (3-5 years) required

• Experience of Elite 3E systems, Chrome River preferred

• NatWest online banking software experience beneficial

• Microsoft Excel experience at basic/intermediate level

• Ability to understand and work accurately with different currencies

• Working knowledge of UK Solicitors Accounts Rules

• Good understanding of UK VAT rules

Required Knowledge, Skills, and Abilities

• Legal or professional services accounting experience (3-5 years) required

• Experience of Elite 3E systems, Chrome River preferred

• NatWest online banking software experience beneficial

• Microsoft Excel experience at basic/intermediate level

• Ability to understand and work accurately with different currencies

• Working knowledge of UK Solicitors Accounts Rules

• Good understanding of UK VAT rules