Assistant Transactional Finance Manager

Colombo - Sri Lanka

Monthly Salary: Not Disclosed

Posted on: Yesterday

Vacancies: 1 Vacancy

Job Summary

1. Transactional Finance Operations

Supervise day-to-day AP and AR activities including invoice checks supplier payments customer receipts and cash application.
Ensure accurate and timely recording of transactions as per agreed SLAs.
Track ageing schedules remaining balances unallocated funds and follow-up actions.
Oversee Premium Credit Limited (PCL) workflows ensuring agreement compliance reconciliations and correct reporting.

2. Financial Controls & Compliance

Maintain robust financial controls across transactional workflows ensuring compliance with approval levels and segregation of duties.
Support internal and external audits by providing required documentation explanations and follow-up actions.
Perform periodic checks on supplier and customer master records to ensure accuracy and completeness.

3. Reconciliations & Data Accuracy

Assist in preparing and reviewing reconciliations covering AP AR PCL premium transfers cash ledgers and control accounts.
Identify and resolve discrepancies escalating issues promptly while ensuring long-term solutions.
Work closely with Controllership and FP&A teams to ensure month-end data is accurate and complete.

4. Leadership & Team Oversight

Oversee day-to-day work of the transactional finance team by offering coaching training and performance monitoring.
Assign tasks effectively to maintain productivity precision and adherence to timelines.
Promote a culture of ownership clear communication and continuous development.
Serve as an escalation contact for difficult transactional queries from internal teams or external stakeholders.

5. Month-End Close Support

Contribute to month-end closure including transaction cut offs reconciliations journals and reporting work.
Verify that AP AR and cash-related entries are complete and accurate prior to closing the ledger
Work with other finance teams to resolve issues variances or necessary adjustments.

6. Process Improvement & Systems Development

Spot opportunities to automate and improve manual processes to reduce errors and enhance efficiency.
Support new system rollouts module implementations and process enhancements while ensuring effective team adoption.
Maintain up-to-date SOPs and process documentation.
Lead or support ongoing finance improvement projects.

Requirements

At least 5 years experience in AP AR or other transactional
finance roles with a minimum of 2 years in a senior or supervisory
capacity.
Strong understanding of AP/AR end-to-end processes cash application reconciliations and control procedures.
Demonstrated experience supervising or guiding finance teams preferably in shared-service or cross-border environments.
High accuracy levels strong analytical skills and ability to determine root causes of issues.
Excellent communication skills with the ability to manage professional interactions with UK stakeholders and external partners.
Strong proficiency in ERP/finance systems and advanced Excel (including v-lookup pivot tables data validation).
Capability to prioritise tasks and meet multiple deadlines in a fast-paced environment.

Desirable Competencies
Bachelors degree in Accounting Finance Business or similar disciplines.
Experience within Financial Services ideally insurance or intermediary/broker settings.
Familiarity with UK finance processes tax premium financing or regulated industry environments.
Experience supporting system rollouts or process transition initiatives.
Knowledge of Premium Credit Limited (PCL) or similar premium finance operations.

1. Transactional Finance OperationsSupervise day-to-day AP and AR activities including invoice checks supplier payments customer receipts and cash application.Ensure accurate and timely recording of transactions as per agreed SLAs.Track ageing schedules remaining balances unallocated funds and follo...