The Accounts Payable Manager role is within our Division Centre s (DC s) Finance team. This role will report to the VP, Finance, Divisional. The role will be based in London and will include hybrid working.

This role will oversee and manage the Accounts Payable (AP) function for the Division mainly in the UK and Bermuda. This includes responsibility for the timely and accurate processing and recording of invoices and expenses including ensuring adequate financial controls and the integrity of the AP ledgers. The role will also manage the monitoring and collection of any outstanding non-insurance related receivables.

In addition, the role will drive AP transformation as part of Project Unify (Back Office Transformation Project) including planning, design and implementation of Employee Expense Management and Purchase Order Systems and redesign of AP Processes. This will include working with the PL Corporate team to drive the standardisation of AP processes globally.

Key Responsibilities

BAU Activity:

• Manage day-to-day operations and ensure prompt and accurate processing of supplier invoices including allocation to the correct authorised signatory, authorisations in a timely manner and recording in the general ledger.
• Review employee expense reports, ensure receipts are attached, claims are in line with the Company Policy and relevant approvals have been received.
• Dealing with foreign exchange transactions.
• Handle the distribution and settlement of inter-company cross charges.
• Maintenance of the Accounts Payable DAPs system.
• Supplier management, ensuring effective controls are in place and followed by the team in setting up new suppliers and amendments of bank details.
• Approve and perform financial controls and monthly balance sheet reconciliations relating to Payables, Receivables, Cash & Cash Equivalents and Deposits.
• Responsible for the end-to-end Company Credit Card process including administration of existing and new cards, reconciliations and General Ledger processing including journals.
• Prepare of MI analysis, reports and Board Packs relating to AP.
• Maintain consistent quality of deliverables to meet the growth of the business and scalability by driving operational efficiencies.
• Defining and measuring of metrics to quantify operational efficiencies.
• Liaising with external auditors, internal teams in division and global business units.

Project Activity:

• Drive and manage initiatives as part of the Back Office transformation for a more efficient, effective, automated and standardised AP process. This would include a variety of initiatives which will vary considerably in terms of topic scope and duration, such as planning, implementation and design of:
• Employee Expense Management System
• Purchase Order System
• Intercompany cross charges improvement and redesign

Challenge the status quo Finance processes and working practices, systems and controls and drive the efficiency and improvement of these including contributing to Project Unify.

Other ad hoc projects and initiatives as required.

Qualifications and Experience

• At least 7 years of AP experience.
• At least 2 years managerial experience.
• Experience of system implementation.
• Experience of foreign exchange transactions.
• Competency in MS Office tools, especially Excel and PowerPoint.

Pacific Life Re Who are we?

At Pacific Life Re, our vision is to bring an innovative and dynamic approach to the marketplace. Our global team, comprising some of the best minds in the industry, is not afraid to disrupt and challenge industry thinking to provide the best Life, Critical Illness, Income Protection, Hospital Cash and Longevity products and services possible.

Working in some of the most complex and fast-moving markets has taught us that knowledge and innovation go hand in hand. We pursue personalised, bespoke solutions for every one of our clients and our commitment to cutting-edge technology reflects our ambition to offer the most sophisticated answers to the most challenging reinsurance questions. Today, we are continuing our rapid growth internationally with offices across Europe, Asia, North America, Australia and a new global HQ in Bermuda.

With over 700 employees across the globe, we take pride in our family culture, underpinned by our Principles and Behaviours, providing an environment where everyone can grow and develop. We are equally proud of the security and freedom we possess from having the backing of our parent company Pacific Life. With a heritage of more than 150 years, Pacific Life provides strength and resilience to our business which enables us to bring our fresh and dynamic approach to the marketplace.

As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.

UK Benefits

We offer a generous benefits package including a discretionary bonus; stakeholder pension scheme; BUPA; Life Insurance; 25 days holiday; STL; Group Income Protection; subsidised gym membership and more.

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