Cash Assistant (part time 20 hours)

Recruiter
FinancePlus
Location
Ealing, UK
Salary
Competitive
Posted
10 Aug 2019
Closes
25 Aug 2019
Ref
1231903291
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
Financeplus is WPP's internal Financial Shared Service organisation, providing transactional back-office financial services to WPP companies. Financeplus supports a range of processes including:

- Accounts Payable

- Accounts Receivable

- Media Billing & Payments

- Treasury

- Accounting and Reporting

- Statutory reporting

By consolidating activities under one roof, Financeplus takes advantage of volume to deliver increased efficiency. This is achieved by standardising, streamlining and aligning relevant processes, and introducing tools & technology to drive effectiveness across our operations. By taking over transactional financial activities, Financeplus allows our agencies to focus on commercial activities, client management and revenue / cost management.

Financeplus UK was the first Financeplus, opening in 2011. There are now have offices in Australia, India, Malaysia, Mexico, Spain, the UK and the USA, and have recently started in Venezuela.

Financeplus has a clearly defined migration methodology that we will use for all future deployments. This will ensure a smoother transfer of activities with full clarity and proper preparation.

Department:

The department consists of 3 Senior Credit Controllers, 13 Credit Controllers, 1 Reporting Analyst and 3 FTE Cash Assistants. The Cash Assistant is responsible for dealing with a large volume of incoming cash collection of a portfolio of Blue Chip clients, on behalf of numerous internal clients within the WPP group as well as the Intercompany Transactions along with posting and allocating cash received daily and producing vital reports daily, weekly & monthly.

They are responsible for posting and allocating roughly £350m each month, across 1650 external clients on behalf of 43 internal clients.

Job Purpose:
  • Bankline payments, Inter-company transfers, various payment transactions
  • Maintain direct debits and follow up on defaulted payments
  • Liaise with bank in relation to queries/incoming cash
  • Allocation of cash to sales ledger accounts
  • Review and action unallocated cash and ensure it is kept to a minimum
  • Resolving any queries relating to unallocated cash
  • Prepare month-end reports

Knowledge & Skills:
  • Previous experience of cash allocation within a finance function would be beneficial
  • Ability to work within a team
  • Driven and committed individual

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