Accounts Payable Manager

  • iwoca
  • Jan 17, 2020
Full time Finance

Job Description

iwoca is breaking down the barriers that stop Europe’s 20 million small businesses from accessing finance. Traditional bank loans have slow application processes, inflexible terms and burdensome criteria. In contrast, we use cutting-edge technology to offer flexible access to credit with a five minute application process and a decision in hours.

Since 2012, we've lent over £1 billion to over 50,000 businesses across Europe. Our customers include everything from cafés to car dealers, salons to solicitors. Along the way we have built a sophisticated technology platform, won numerous awards and grown a fun, and vibrant team.

However, we’re still near the start of our journey – our aim is to finance a million small businesses within a decade and so we need more smart, hands-on people to help us reach this goal.

All this growth means that the complexity and volume of our payments have increased. Working as part of our Finance Team the successful candidate would take on responsibility for managing the accounts payable function across 10+ entities and reporting into the Treasury, Payments and Reconciliation Officer who has responsibility for the function.

As iwoca is growing rapidly, the responsibilities of this role will need to expand over time in line with our growth. The opportunity is here for someone to bring their expertise in this area and build the AP function for the future challenges it will face.

This is a unique opportunity and calls for someone who has the appetite for challenge and to grow professionally.


The Role

The Accounts Payable Manager responsibilities will include:

  • Our AP function is in its infancy. You will be responsible for establishing it and shaping its direction.
  • Supervision of 3 outsourced accounts payable clerks in India, ensuring the accurate and timely inputting of invoices into the AP system on NetSuite
  • Organisation of daily payment runs and ensuring all financial controls are followed
  • Working with the Payments, Treasury & Reconciliation officer to manage and plan cash flow needed for AP purposes in future weeks
  • Overseeing the reconciliation of supplier balances, identifying and resolving issues
  • Improving the current process, with the aim of both increasing financial control and improving efficiency
  • Assisting the team in resolving queries and issues on a timely basis
  • Ensuring all AP processes are documented and maintained
  • The role will also involve significant exposure to the wider business, including the opportunity to work across


You will:

  • Have experience of leading change management within an accounts payable function, preferably in more than one organisation
  • Have a growth mindset and be able to improve and develop our processes as we grow
  • Be extremely accurate, excellent attention to detail and strong organizational skills
  • Possess strong communication skills
  • Inquisitive in nature, able to question and investigate.
  • Trustworthy and reliable, able to demonstrate how this trust has been afforded to them before within a business environment
  • Previous experience of Netsuite would be preferable, but not necessary


What’s life like as an iwocan?

We all enjoy:

  • Bright, modern office spaces in Tottenham Court Road and Covent Garden
  • Two company retreats a year (in places like the French Alps or Spanish seaside)
  • Pool, ping pong, foosball tables and tournaments and yoga
  • An ever-growing number of clubs including climbing, chess, football and boxing
  • Plenty of drinks and snacks in our office kitchen
  • A paid volunteering day each year, for you to support your chosen charity

Just for you:

  • Medical insurance from Vitality, including discounted gym membership
  • Stock options
  • Enhanced maternity and shared parental leave
  • A workplace nursery tax benefit scheme
  • 25 days holiday per year and an extra day off on your birthday
  • Extra leave if you want to travel or study
  • Special celebrations for anniversaries and long service including sabbatical
  • Flexible working
  • Cycle-to-work scheme

And to make sure we all keep learning, we offer:

  • Tickets to tech conferences across Europe
  • Company-wide talks with internal and external speakers
  • A calendar of meetups we host at our office
  • Access to learning platforms like Treehouse if you want to learn to code