Accounts Payable / Accounts Receivable Associate, Vortexa
+ equity options
Real-time energy cargo tracking
Job no longer available
Real-time energy cargo tracking
101-200 employees
Job no longer available
+ equity options
101-200 employees
Company mission
To provide unprecedented access to the global waterborne oil and gas operations data to support market efficiency and sustainability.
Role
Who you are
- The successful candidate will be an experienced and commercial finance professional with a proven track record working in a fast paced, high growth business
- Proven experience (2-3 years) in accounts receivable, credit control and accounts payable
- Bachelor’s degree in Accounting, Finance, or Business Administration
- Excellent communication and interpersonal skills, with the ability to interact effectively with stakeholders at all levels
- Proficiency in Microsoft Excel and accounting software (Xero ideally)
- Be able to thrive in a fast-paced, dynamic environment and manage multiple priorities effectively
What the job involves
- We are looking to an outstanding individual to manage the payables and receivables areas of our business; ensuring timely invoicing of and payment by our customers, reducing outstanding debt as well as timely payment of our partners and suppliers and to contribute to cash flow / working capital management, working with our Financial Controller and CFO
- Raise and process sales invoices and process receipts for clients
- Reconcile customer accounts to ensure all payments and invoices match Investigate discrepancies and resolve them promptly
- Chase overdue invoices through phone calls, emails, and letters. Negotiate payment terms and repayment plans when necessary
- Prepare regular reports on aging debt, bad debts, and collection performance. Provide forecasts on cash flow related to receivables
- Ensure adherence to credit policies and company financial guidelines. Assist with KYC requirements from prospective clients
- Build strong relationships with clients to ensure timely payments and dispute resolution
- Collaborate on credit control, liaising with clients for timely payments and negotiating terms
- Reconcile bank statements through Xero Bank feed and resolve discrepancies
- Validate and process invoices for payment ensuring correct approval processes are within company guidelines
- Maintain vendor accounts and resolve discrepancies. Build and maintain positive relationships with vendors
- Reconcile AP sub-ledger to the general ledger. Ensure proper accounting of all transactions
- Prepare and execute payment runs. Ensure payments are made in line with payment terms and company policies
- Generate monthly reports on AP performance, outstanding liabilities and cash flow
- Manage and maintain the purchase ledger, ensuring invoices are processed promptly
- Oversee the end-to-end payment process
- Support external audits and ensure compliance with company policies
- Provide administrative support to the finance team as required
Salary benchmarks
Our take
Vortexa provides market-leading real-time data and advanced analytics for energy and shipping markets. With an accurate and complete picture of waterborne flows and freight dynamics, Vortexa covers crude oil, refined products, LPG and LNG, across all vessel classes. The company sits at the confluence where hard data meets deep tech and machine learning, bringing together all the physical aspects of the tanker shipping universe.
With $1.8T of trades on water per year, the physical energy market is still one of the most opaque markets in existence today. Data is fragmented and incomplete, leading businesses to make high-stake decisions in the dark.
Vortexa’s forward view of tonnage supply up to 35 days ahead and real-time utilisation data at high frequency and granularity, help market participants to make well-informed, high-stakes chartering and positioning decisions quickly and confidently. In 2023, venture capital from Communitas further consolidated Vortexa's strength in the market. The company’s clients include oil supermajors, commodities trading houses, investment banks, brokers, and ship owners, spanning globally.
Steph
Company Specialist at Welcome to the Jungle
Insights
16% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Jan 2024
$34m
SERIES C
Feb 2021
$19m
SERIES B
Total funding: $58m
Company benefits
- A flexible working policy - accommodating both remote and home working, with regular staff events
- Workplace Pension Scheme via The People's Pension
- Private Health Insurance offered via Vitality to help you look after your physical health
- Global Volunteering Policy to help you 'do good' and feel better
Company HQ
City of London, London, UK
Leadership
Fabio Kuhn
(Founder & CEO)Former Head of BP’s global front-office trading technology programme and innovation group. Has held technology and analytical leadership roles at Uniper, was a Quant Trader in a Statistical Arbitrage hedge fund and worked at the NASA Ames Research Centre.
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