Sub-Contractor Payments – Finance Assistant
Annual Salary: £36,000 per annum + Travel
Location: Central London
Job Type: Full-time - 8am- 5pm – office based
Join a leading construction firm based in Central London as a Sub-Contractor Payments Assistant. This role is crucial for managing and executing payment processes and maintaining accurate financial records. The ideal candidate will be detail-oriented, proficient in financial software, and have a strong understanding of construction industry practices.
Day-to-day of the role:
*Process subcontractor payment runs every Friday.
*Handle both internal and external queries related to payments.
*Perform statement reconciliations and maintain VAT records.
*Maintain forecast payment reports and manage debtor reports including applications and certificates.
*Monitor VAT status, perform credit control, and match cash transactions.
*Maintain contract documents centrally using Microsoft Teams and SharePoint, including client valuation schedules, new contract forms, copies of contracts, final account statements, and project completion certificates.
*Invoice processing, maintaining reports, and handling queries related to invoicing.
*Check and ensure timely invoicing of scrap metal loads, and investigate any discrepancies with site teams.
*Conduct monthly maintenance of internal cost and revenue transfers.
*Review and communicate accruing costs status for jobs completing or closing.
*Assist in the collation of documents for the annual audit.
*Conduct monthly ONS surveys and participate in the invoicing protocol.
*Maintain records to avoid misallocation of legacy costs.
*Provide general holiday cover for the subcontractor and sales ledger teams.
Experience in Construction/Engineering Finance is strongly preferred, this is a growing business and there will be scope to learn and develop alongside the needs of the business.