Accounts Payable Assistant, Zilch
+ Share Options Scheme
3 days a week in office
Direct-to-consumer credit provider
Open for applications
Direct-to-consumer credit provider
201-500 employees
Open for applications
+ Share Options Scheme
3 days a week in office
201-500 employees
Company mission
To become the most empowering way to pay for anything, anywhere.
Role
Who you are
- The ideal candidate would have previous AP experience in a fast paced, dynamic environment
- Previous AR experience is desirable but not essential
- Excellent communicator who is comfortable in liaising with suppliers and management
- Ability to prioritise tasks and manage multiple workstreams
- Great team player working within the Finance function
- Understanding of UK VAT rules including reverse charge
- Netsuite experience is desirable but not essential
- Willingness to learn new skills and be part of an exciting journey ahead
What the job involves
- The role reports into the Transactional Accounts Manager and is responsible for processing supplier invoices, payments and maintaining accurate accounts payable records, acting as a key finance contact to all departments at Zilch
- The role is critical to ensuring good supplier relationships are maintained and will involve some accounts receivable duties including raising invoices and collecting cash
- Management of the accounts payable inbox including invoice approvals and upload of invoices into the accounts payable ledger
- Responsible for liaising with both suppliers and department heads on invoice and payment queries
- Preparation of the payment run including review of invoices, supplier accounts and collating the payment run file to be reviewed by management
- Regular bank allocation postings in multiple currencies, ensuring all banks are reconciled on a weekly and monthly basis
- Preparation of staff expenses including review of receipts and payments
- Monthly credit card uploads into Netsuite and reconciliations
- Liaising with the collections and customer service teams to prepare weekly customer refunds schedule
- Ensuring the correct VAT treatment of supplier invoices including reverse charge transactions
- Raising regular sales invoices and liaising with both customers and the Sales team to ensure prompt cash collection
- Other ad hoc duties required from time to time in order to assist the smooth running of the department and to provide additional assistance to the finance team
Application process
- To apply for this role, please submit your CV along with a cover letter
- We will screen all applicants and select candidates whose qualifications meet our requirements
- We will carefully consider your application during the initial screening and will contact you if you are selected to continue to the next stage of the recruitment process
Salary benchmarks
Our take
Zilch provides a buy-now-pay-later (BNPL) product that allows customers to purchase their desired items and pay in instalments for them. According to Zilch, its service helps customers save over £350 per year on interest and fees.
Having received consumer credit authorisation from the FCA, Zilch partnered with Mastercard to ensure its users can enjoy the safety provided by the global payments company while shopping online. Its business model involves providing the service for free to customers and charging partner stores a fee for every purchase made with Zilch. If users are not buying from partner stores, Zilch charges users a fee but guarantees that they will know from the beginning exactly how much they need to repay, hence assuring users they will not have to pay hidden fees.
With soaring demand for BNPL services, Zilch's main priority is to capitalise on this opportunity. As part of this initiative, the company has maintained an impressive funding strategy. After a series of successful raises, Zilch is now valued at around $2 billion. This has lent the company considerable weight, helping to accelerate its expansion of efforts in existing markets and expand into new ones such as the US.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-17% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Jan 2023
$25.9m
LATE VC
Jun 2022
$50m
SERIES C
Total funding: $305.9m
Company benefits
- Pension scheme
- Death in Service scheme
- Income protection
- 5% back on in-app purchases
- £200 for WFH set up
- Private Medical Insurance
- Employee Assistance Programme
- Gym membership discounts
- Private therapy sessions
- Enhanced maternity/paternity/adoption pay
- Enhanced shared parental leave
- Hybrid working
- Casual dress code
- Workplace socials
- Healthyh snacks
Company HQ
Victoria, London, UK
Leadership
Philip Belamant
(CEO & Co-Founder)Previously Managing Director & Founder at PBel for 6 years, Executive Director & Founder at Moola Mobile for 8 years and Managing Director - UK at NET1 UEPS Technologies for 2 years.
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