Financial Accounting – Accounts Receivable Specialist

Financial Accounting – Accounts Receivable Specialist, 6 Months FTC, London

We’re looking for a Financial Accounting, Accounts Receivable Specialist to help us keep our receivables processes accurate, timely and well controlled. This is a focused specialist role for someone who enjoys clear ownership, accurate reconciliation and working with finance data that supports essential UK payment services. At Pay.UK, your work sits within an organisation that processes 10 billion payment transactions worth over £11 trillion annually, giving real scale and context to the finance environment you’ll work in.

You’ll join a team that values clarity, trust and continuous improvement. If you’re motivated by maintaining accurate financial records, resolving queries and making sure incoming payments are accounted for correctly, this role offers the chance to do that in a collaborative and purpose-led setting.

Accountabilities

Process accounts receivable transactions accurately and post incoming receipts to the correct customer accounts and ledger codes.

Reconcile customer accounts and investigate outstanding balances, unapplied cash and payment differences.

Prepare and issue invoices, credit notes and supporting documentation in line with agreed processes and timelines.

Monitor aged debt reports and follow up on overdue balances with internal teams and external customers where required.

Resolve billing and payment queries by reviewing records, checking supporting information and updating finance systems.

Support month end activities by preparing reconciliations, journals and reports related to accounts receivable balances.

Maintain accurate financial records and make sure documentation is complete, current and ready for audit review.

Work with colleagues across finance and the wider business to improve accounts receivable processes and tighten controls.

Qualifications, Skills and Experience

Experience managing invoicing, cash allocation and reconciliations in an accounts receivable environment.

Knowledge of accounts receivable controls, month-end activities and balance sheet reconciliations.

Experience investigating payment and billing discrepancies using financial records and system data to resolve issues.

Experience using finance systems and spreadsheets to maintain accounts receivable records and prepare receivables reports; experience with Workday is desirable.

Inclusivity

At Pay.UK, we value diversity and inclusivity. Research has shown that candidates from underrepresented groups may hesitate to apply unless they meet all the requirements listed. We encourage all qualified candidates to apply, regardless of how closely their skills and experience match the requirements. We are committed to supporting accessibility needs and creating a welcoming environment for all employees. Become part of our team and contribute to the creation of an inclusive work environment that values everyone's unique input.

Who we are

Pay.UK maintains and develops the UK retail payment systems and standards that are core to the economy being able to function on a day-to-day basis.

From Bacs to Faster Payments and cheques – we act as the single operator for all UK retail payments. We put the needs of consumers and businesses at the heart of everything we do, working in the public interest to ensure that the systems the country relies on for its banking transactions are safe, open, innovative and resilient.

Our payment systems underpin the services that enable funds to be transferred between people and institutions. In 2024, the UK's retail payment systems processed 11 billion transactions worth over £10 trillion through Bacs Direct Credit, Direct Debit, Faster Payments, and cheques, and our Current Account Switch Service has facilitated over 9 million switches since it’s launch in 2013.

Every day, individuals and businesses use the services we provide to get their salaries, pay their bills and make online and mobile banking payments. Our vision for the future is to enable a vibrant economy, with Pay.UK delivering robust payment infrastructure and standards for the benefit of consumers and businesses nationwide.

Learn more about life at Pay.UK by hearing what employees have to say, click here to view videos .

Benefits & additional information

12% Non-contributory pension

Discretionary annual bonus

30 days annual leave (excluding bank holidays)

Private medical insurance, life assurance, income protection, health cash plan, dental insurance, Bupa medicals etc

Employee assistance programme

Cycle to Work Scheme

Season ticket loan

Annual fitness subsidy of up to £500 per annum

Working from home policy - minimum 40% in the office (eg. 2 days in the office over a 5 day working week)

Please note:

Some of our benefits are only available to colleagues after meeting the requirements of the probationary period.

Pay.UK employee benefits are not available to contractors and are only available to permanent and fixed-term employees.