Accounts Associate at Ben

London, England, United Kingdom

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

Technology, FintechIndustries

Requirements

Proven experience in an Accounts Payable, Accounts Assistant, or similar role
Or a relevant degree (e.g. Accounting & Finance) at University or through an Apprenticeship
Strong working knowledge of Xero or similar cloud-based accounting software is highly desirable
Solid understanding of basic accounting principles, including double-entry bookkeeping and VAT treatment
High level of proficiency with Microsoft Excel/Google Sheets
Exceptional attention to detail and a commitment to accuracy
Strong organisational and time-management skills with the ability to manage multiple deadlines
Excellent communication skills, both written and verbal
Ability to work independently and collaboratively as part of a team

Responsibilities

Supplier Invoice Processing: Manage the dedicated accounts inbox, ensuring all supplier invoices are correctly processed in Xero, including accurate coding to the general ledger and correct VAT treatment
Bank Reconciliations: Perform regular bank reconciliations for all company accounts, aiming for at least weekly completion to ensure data integrity and real-time financial visibility
Sales Invoice Drafting: Draft monthly sales invoices based on data extracted from our sales tool (Hubspot) and active user reports, ensuring billing accuracy
Accounts Receivable Management: Ensure customers are paying invoices within agreed payment terms, and proactively manage this where these aren’t being met
In-House Payroll: Assist with the management of our monthly in-house payroll process, including processing monthly changes (e.g. joiners/leavers/salary changes/bonuses) and responding to any queries raised during the review process
Reimbursement Processing: Manage and process employee and customer expense claims and reimbursements on a weekly basis
Month-End Preparation: Ensure all financial transactions (invoices, etc.) have been processed and recorded correctly in the relevant accounting period
Monthly Journals: Assist with the preparation and posting of key month-end journals, focusing on areas such as prepayments, deferred income, and accruals

Skills

Key technologies and capabilities for this role

XeroBank ReconciliationsSupplier Invoice ProcessingAccounts ReceivablePayrollHubspotGeneral LedgerVAT

Questions & Answers

Common questions about this position

What is the work arrangement for this role?

The position is hybrid.

What skills and experience are required for the Accounts Associate role?

Proven experience in Accounts Payable, Accounts Assistant, or similar role is required, along with a relevant degree in Accounting & Finance or equivalent. Strong working knowledge of Xero or similar cloud-based accounting software is highly desirable, plus solid understanding of basic accounting principles including double-entry bookkeeping and VAT treatment.

What is the salary or compensation for this position?

This information is not specified in the job description.

What opportunities for growth does this role offer?

This role has great opportunity to grow and develop in your career, and to shape how Finance operates at a scaling Tech company.

What makes a strong candidate for this Accounts Associate position?

Strong candidates are detail-oriented, proactive, organised, comfortable with accounting software like Xero, and thrive in a fast-paced environment, with experience in accounts payable or a relevant accounting degree.

Ben

SaaS platform for managing employee benefits

About Ben

Ben offers a platform that simplifies employee benefits management for businesses. It allows HR departments and employees to access various benefits, such as health and dental, through the Ben Card, which provides preferred rates. The platform operates on a subscription-based SaaS model and stands out by automating benefits administration and providing a user-friendly self-serve interface for employees. Ben's goal is to enhance the benefits experience for both employers and employees while offering cost savings through its broker network.

London, United KingdomHeadquarters

2019Year Founded

$18.9MTotal Funding

SERIES_ACompany Stage

Consulting, Enterprise SoftwareIndustries

201-500Employees

Risks

Increased competition from HRtech startups could dilute Ben's market share.

Economic downturns may lead to reduced spending on employee benefits.

Data privacy concerns and regulations pose challenges for managing sensitive information.

Differentiation

Ben combines SaaS platform with per-employee Mastercards for personalized benefits.

The Ben Card offers access to hundreds of additional benefit options.

Ben's platform integrates with existing HR tools for seamless benefits management.

Upsides

Ben raised $16 million to enhance its software and payments technology.

Increased demand for flexible benefits platforms due to remote work trends.

Growing interest in financial wellness programs as part of employee benefits.

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