Accounts Payable Executive - FTC

Accounts Payable Executive - 6 Month FTC

London

LHV Bank Limited is a UK-licensed bank operating across three core business segments:
Retail Banking, SME Lending, and Banking Services (BaaS). The bank is a wholly owned subsidiary of LHV Group, a listed financial services provider headquartered in Estonia. LHV Bank operates under a full UK banking licence granted in May 2023.

The Bank supports over 200 fintech clients with embedded financial infrastructure, provides retail savings products via digital channels, and offers SME credit solutions across the UK. In line with its regulatory responsibilities and growth ambitions, LHV Bank is committed to maintaining a robust and proportionate financial crime control environment.

Expanding our services, LHV Bank now provides personal banking solutions. Our offerings include current accounts with competitive interest rates, fixed-rate bonds for long-term savings, and debit cards. Customers can conveniently access these services through the LHV App, enabling secure account opening and management.

Role Purpose

The Accounts Payable Executive is responsible for the accurate and timely processing of supplier invoices, staff expenses and payments, ensuring compliance with internal controls, accounting policies and regulatory requirements. The role supports month-end close, process improvement and automation initiatives within Finance.

Key Responsibilities

• Process supplier invoices accurately and in a timely manner, ensuring correct coding and approval in line with delegation of authority.
• Manage the end-to-end accounts payable cycle including invoice receipt, matching, posting and payment.
• Process staff expenses in line with company policy (via Finbite and Payhawk).
• Maintain AP master data and ensure supplier details are accurate and up to date.

• Prepare and process payment runs in accordance with agreed schedules.
• Ensure appropriate segregation of duties and adherence to internal controls.
• Support audit requests and provide documentation for internal and external auditors.
• Identify and resolve invoice and payment discrepancies promptly.

• Perform supplier statement reconciliations and investigate variances.
• Assist with month-end close activities including accruals and balance sheet reconciliations.
• Support reporting on AP KPIs

• Act as a point of contact for suppliers and internal stakeholders, resolving queries professionally and efficiently.
• Work closely with the wider Finance team to resolve issues and improve processes.

• Support automation and process improvement initiatives across Accounts Payable.
• Identify opportunities to improve efficiency, reduce manual processing and minimise errors.
• Contribute to documentation of AP processes and controls.

• Experience in an Accounts Payable role.
• Strong attention to detail and high level of accuracy.
• Good understanding of basic accounting principles.
• Experience using accounting systems and AP tools (Microsoft Dynamics/Business Central, Payhawk, Finbite).
• Strong organisational skills with the ability to meet tight deadlines.
• Experience in financial services or a regulated environment.
• Experience supporting audits and working with internal controls.
• Exposure to AP automation and system implementations.
• AAT qualification (or studying towards) or equivalent experience.

• Competitive salary & lots of opportunities to learn, grow and progress professionally.
• Open and inclusive culture.
• Fantastic offices and great working environment.
• Vitality Health Plan (includes private health insurance, travel insurance, gym discounts).
• Life assurance – 4 x salary.
• Income protection insurance – 75%.
• 28 days holiday plus 3 additional days, with further days for various key life events and the option to sell up to 5 days per calendar year.
• Public/bank holidays each year for alternative days that align with personal, cultural, or religious observances.
• Enhanced family-friendly and family forming policies.
• Access to a wide range of retail discounts.
• Team socials.