Average Accounts Payable salary in City of London

Taylor Rose MW is a Top 60 Law firm with a national footprint across the UK. We are committed to developing our employees and to delivering outstanding service to our customers. Our vision is to continue to deliver #smart #modern #law and to embrace and develop our employees through their career. Finance is a vital function of the firm, ensuring smooth business operations and high standard of services to both internal and external clients. This is an opportunity to join an exciting, high growth, fast paced business which is approaching an inflexion point in its journey and development. A key member of the finance function, and reporting to the Group Accounts Payable Manager, will have day-to-day responsibility as per below. We are seeking a skilled and experienced Senior Accounts Payable Officer to join our legal firm in London. The successful candidate will be responsible for overseeing all aspects of the accounts payable function, ensuring accuracy, timeliness, and compliance with company policies and procedures. This role requires excellent attention to detail, strong organisational skills, and the ability to work effectively in a fast-paced environment and to support the junior members of the team, answering any queries they may have. This role involves: Uploading, reviewing and approving invoices submitted in Chrome River and ensuring all coding is correct.Processing and paying referral feesApproving office payment requests (disbursements)Reconcile Counsel Fees as per what is posted to the ledger.Ability to read vendor and client ledgers.Monitoring disbursements, posting to specific matters on the portal and processing paymentsAnswering the telephone, with queries from the wider firm and external vendors/ clientsEnsuring all emails in the various AP mailboxes are responded to and deal with timely, with a max turnaround time of 48 hours.Manage the full cycle of accounts payable operations including processing invoices, verifying accuracy, obtaining approvals, and entering data into the accounting system.Coordinate and execute payment runs, ensuring timely and accurate disbursement of funds to vendors and suppliers while adhering to payment terms and company policies.Maintain relationships with vendors and suppliers, address inquiries and discrepancies, negotiate payment terms when necessary, and resolve issues in a timely manner.Review and reconcile employee expense reports, ensuring compliance with company policies and appropriate documentation.Assist with month-end close activities, including reconciling accounts payable transactions, preparing accruals, and providing necessary reports to management.Ensure compliance with legal and regulatory requirements, including tax regulations, VAT, and other financial regulations relevant to accounts payable processes.Identify opportunities for process improvements and efficiency enhancements within the accounts payable function, implement best practices, and contribute to overall departmental goals.Provide guidance and support to junior accounts payable staff, including training, mentoring, and overseeing their day-to-day activities.Generate and analyse accounts payable reports to track key performance indicators, monitor vendor performance, and provide insights to management.Assist with internal and external audits by providing documentation, explanations, and support as needed.Assist with ongoing projects within the department Requirements: Minimum of 5 years of experience in accounts payable or relevant finance roles, preferably within the legal industry.Strong knowledge of accounting principles, practices, and regulations.Proficiency in accounting software (e.g., Thomson Reuters Elite 3E, Aderant, Chrome River) and MS Excel.Excellent communication skills, both written and verbal.Ability to prioritise tasks, meet deadlines, and work under pressure.Attention to detail and high level of accuracy.Strong analytical and problem-solving skills.Leadership and team management abilities. Taylor Rose MW will contact you by telephone or email regarding your application. We do not ask for personal details upon application and all emails will come from a legitimate email address. If you are asked to respond to an application with your personal details, then please contact the Recruitment team. Company Core Values: Aspire: To challenge convention, an entrepreneur with energy for change. To be the best we can be. Innovate: To creatively evolve our working practices, use our revenue and resources in a virtuous cycle of improving our people, systems and growth. Integrate: Bring together people and systems into a cohesive force. Commit: To work with integrity and invest in long term relationships, creating a strong market position and delivering sustained commercial advantage

Taylor Rose MW is a Top 60 Law firm with a national footprint across the UK. We are committed to developing our employees and to delivering outstanding service to our customers. Our vision is to continue to deliver #smart #modern #law and to embrace and develop our employees through their career. We are seeking an aspiring Finance Professional, you will have ideally some experience in an Accounts position or a Graduate looking for their first role in large, supportive and engaging Finance Team, within one of the fastest growing law firms in the UK. This is a newly created role so personality and tenacity will be needed. TRMW can offer a competitive salary and 26 Days Holiday (Plus Bank Holidays), working Monday to Friday, 9am - 5pm, the role is office based at this time. We want people to progress in the company and work with internal and external training teams to elevate your career. This role involves but is not limited to: Uploading, reviewing and approving invoices submitted in Chrome River and ensuring all coding is correctReconciling supplier statements & identifying and requesting missing supplier invoicesCommunicating with staff & suppliers responding to any queriesPosting court fees to client matters including investigation of unassigned courts feesProcessing and paying referral feesMonitoring disbursements, posting to specific matters on the portal and processing paymentsAnswering the telephone, with queries from the wider firm and external vendors/ clientsProcessing disbursements onto ledgers and reconciling of counsel fees in the processPosting Searches invoicesEnsuring the payment cycle runs smoothly and effectively for both disbursement and overhead invoicesProcessing payment of Paid When Paid within 48 hours and Legal Aid Agency within 14 days of receiving fundsProcessing CHAPS, BACS, FastPay and international payment transactionsAnswering the telephone and taking client card paymentsProcessing compensation or complaint payments Requirements: Excellent communication skills & telephone mannerProfessional outlookStrong Excel & Office skillsAble to work in a busy and pressurised environmentExcellent attention to detailAble to work as a team as well as aloneAble to manage multiple workloads Taylor Rose MW will contact you by telephone or email regarding your application. We do not ask for personal details upon application and all emails will come from a legitimate email address. If you are asked to respond to an application with your personal details, then please contact the Recruitment team. Company Core Values: Aspire: To challenge convention, an entrepreneur with energy for change. To be the best we can be. Innovate: To creatively evolve our working practices, use our revenue and resources in a virtuous cycle of improving our people, systems and growth. Integrate: Bring together people and systems into a cohesive force. Commit: To work with integrity and invest in long term relationships, creating a strong market position and delivering sustained commercial advantage.

Accounts Payable / Purchase Ledger Cashier - City Law Firm - London / Hybrid Working - up to £35k We are looking for an experienced Purchase Ledger / Accounts Payable Cashier to join the finance team of a successful City law firm as soon as possible. Joining a team of 5, the Accounts Payable Cashier will be responsible for recording client invoices and ensuring invoices have been approved, as well as assisting with client transactions and ensuring strict adherence with the Solicitor Accounts Rules. We are looking for candidates with previous experience working in a Purchase Ledger / Accounts Payable role, experience of Aderant accounting system (or a similar system) and good working knowledge of VAT and Solicitors Accounts Rules (desirable). What’s on offer? This is a great opportunity to join a progressive, friendly and hardworking team who are client focused and enjoy the challenges of working for a successful City law firm. Our client is offering a competitive salary (dependent on experience) and core and flexible benefits scheme, which includes 25+ days annual leave, pension scheme, life assurance, private medical insurance, enhanced sick pay and maternity/paternity pay, discretionary bonus, wellness subsidy, childcare vouchers, cycle to work scheme, dental cover and more! Standard working hours are 9.30am - 5.30pm and hybrid working is offered. Key responsibilities as the Accounts Payable / Purchase Ledger Cashier will include: Recording supplier invoicesEnsuring invoices have been approved by the budget holder with correct cost codesMaintaining accurate logs of the prepayment reportProcessing staff expensesReconciling vendor statements and resolving discrepanciesCoordinating payment runs of supplier invoices weeklyCoordinating payment runs of staff expenses twice per weekIssuing supplier payments on demandMonitoring office credit balancesProviding cover for posting office and client receipts and ensuring CHAPS, BACS and cheque payments are administeredContributing to cashiering projects And more. What we’re looking for: Previous experience in a similar Purchase Ledger / Accounts Payable / Legal Cashier role is essentialExperience of using an accounting system is essential (Aderant is advantageous)Knowledge of Solicitors Accounts Rules is highly beneficialGood understanding of UK regulations and VATStrong IT skills in MS Office, in particular ExcelExcellent communication skillsStrong academics including GCSE English and MathsAbility to work well under pressure, multi-tasking to meet deadlines Interested in this Purchase Ledger / Accounts Payable opportunity? If you have the relevant experience required for this role and are keen to apply, then please ensure your CV showcases your skills and experience and submit it ASAP, quoting "LO - Accounts Payable / Purchase Ledger Cashier - City Law Firm’