Payments Specialist

Superb opportunity to join a well-established and fast growing Lloyds Insurance organisation. The purpose of this role is to monitor and disburse payments, and managing operational treasury activities. Your ability to collaborate, lead, transform and adapt to changing circumstances will be instrumental in achieving your objectives and meeting stakeholder expectations.

Duties

• Set up supplier payments, claims payments and employee expenses ensuring payments are made in line with agreed SLAs for timeliness and accuracy.
• Take accountability for payment runs going out, communicate clearly with banking authorisers over critical payments and authorisation deadlines flagging to senior stakeholders if payments are at risk of being missed.
• Process manual payments: Handles the processing of manual payments that fall outside of payment run, following established procedures to ensure payments are made in line with SLAs and without error. Enforce best practice and push back on payments where they are not going through the appropriate process.
• Accurately enter and register invoices into the expense management system, ensuring invoices are included in the appropriate payment run and notifying senior stakeholders where payment deadlines are breached.
• Respond to queries related to accounts payable, manual payments, etc – promptly addresses and resolves queries from internal stakeholders and suppliers, ensuring accuracy and compliance, and providing excellent customer service.
• Provides analysis to support month end activities performed by the accounting teams, including saving banking statements and correspondence.
• Perform reconciliations of cash receipts
• Processes Expense Payments: Handles the processing of employee expense payments, ensuring compliance with company policies and procedures, pushing back on payments not made via Proactis.
• Sends Daily Bank Balance Email: Prepares and sends daily bank balance emails to relevant stakeholders, providing up-to-date financial information and flagging where there is insufficient cash in the account to make known future payments.
• Monitors Group Payments Inbox: Regularly monitors the group payments inbox, ensuring timely processing and response to queries. Escalate to senior stakeholders where payment deadlines cannot be met.

Requirements

• Experience as an international payments team lead or in a related role, with a track record of successfully managing finance and accounting processes
• Strong knowledge of the P2P process