Sub-Contractor Payments – Finance Assistant

Annual Salary: £36,000 per annum + Travel

Location: Central London

Job Type: Full-time - 8am- 5pm – office based

Join a leading construction firm based in Central London as a Sub-Contractor Payments Assistant. This role is crucial for managing and executing payment processes and maintaining accurate financial records. The ideal candidate will be detail-oriented, proficient in financial software, and have a strong understanding of construction industry practices.

Day-to-day of the role: 

• Process subcontractor payment runs every Friday.
• Handle both internal and external queries related to payments.
• Perform statement reconciliations and maintain VAT records.
• Maintain forecast payment reports and manage debtor reports including applications and certificates.
• Monitor VAT status, perform credit control, and match cash transactions.
• Maintain contract documents centrally using Microsoft Teams and SharePoint, including client valuation schedules, new contract forms, copies of contracts, final account statements, and project completion certificates.
• Invoice processing, maintaining reports, and handling queries related to invoicing.
• Check and ensure timely invoicing of scrap metal loads, and investigate any discrepancies with site teams.
• Conduct monthly maintenance of internal cost and revenue transfers.
• Review and communicate accruing costs status for jobs completing or closing.
• Assist in the collation of documents for the annual audit.
• Conduct monthly ONS surveys and participate in the invoicing protocol.
• Maintain records to avoid misallocation of legacy costs.
• Provide general holiday cover for the subcontractor and sales ledger teams.

Experience in Construction/Engineering Finance is strongly preferred, this is a growing business and there will be scope to learn and develop alongside the needs of the business.