Treasury Accounting Assistant

With the acquisition of Eastman Adhesive Resins in 2022 and Omnova Solutions in 2020, Synthomer grew its global manufacturing network, expanded its product portfolio and boosted its geographical presence, allowing it to better serve over 6000 customers around the world. Synthomer has its operational headquarters in London, UK, and provides customer-focused services from regional centres in Harlow, UK; Marl, Germany; Kuala Lumpur, Malaysia and Beachwood, Ohio, USA. It employs more than 5000 employees across over 40 sites and is listed on the London Stock Exchange.

Purpose Of The Role

To provide accounting support for the receivables discounting program within the Synthomer Group Treasury department.

Main Accountabilities

• Run reports from various SAP systems to extract/receive files listing all open AR items and the new invoices fitting the criteria for discounting and confirm what is to be included at defined frequency
• Analyse and reconcile the items accepted by the banks in their discounting arrangements
• Manage/monitor receipt of funds and prepare/submit for posting ledger entries to correctly account for sold and unsold receivables
• Track and reconcile the value of the “unsold” portion of the financed receivable which is still held on our balance sheet and provide support for account reconciliations and audit
• Reconcile the discounted receivables monthly/at a frequency to be determined – to statements/record held on banking portals
• Work with Group Finance and shared service center to ensure support is available for factoring related matters
• Provide analysis and support to the Finance team to include additional Synthomer entities and customers in the relevant structures as needed

Skills, Experience & Knowledge

• Educated to minimum 5 x A-C grade GCSE’s, A-Level. Working toward AAT Level 2 + desirable
• Study in a field of finance/accounting preferable
• High level of attention to detail essential
• Ability to work with new processes that will change and adapt to ensure process efficiency
• Self- starter able to both follow direction and be pro-active in suggesting and driving process improvement
• Ability to communicate effectively at all levels, written and verbal
• Ability to process data accurately and to defined timelines
• Intermediate level of Excel competency – adept at managing large volumes or data and ensuring the integrity of the output using Pivots and Look Up functions.
• Experience with an SAP or ERP systems desirable

Why Synthomer?

We are ambitious!

We have grown significantly – both organically and inorganically. We are a FTSE 250 listed company, 22% of our revenue comes from newly commercialized products, and we’re recognized in the top-quartile for chemicals manufacturing safety.

We believe in high challenge, high support!

We are keen to let you contribute in real roles from day 1. We expect a lot, but offer a lot, too. This includes onboarding, induction and learning events, networking opportunities, mentoring and personal development planning. So, be up for an inspiring long-term career adventure.

We personalize our approach to development!

At Synthomer, you won’t find generic career tracks or development programs but rather a one-size-fits-one approach to employee development. We’ll partner with you to ensure you have the right experiences that build your capabilities and accelerate your career growth.