Accounts Payable

Roles and responsibilities

You will be responsible for managing daily financial transactions, ensuring timely processing and validation of invoices. This includes matching Purchase Orders and Goods Receipts, resolving invoice discrepancies, and handling inquiries from supplier. Additionally, the role involves reviewing and reconciling supplier accounts, preparing monthly balance sheet reconciliations, and supporting continuous improvement initiatives. Compliance with company policies, accounting standards, and audit requirements is essential, along with performing assigned ad hoc activities.

JOB RESPONSIBILITIES AND ROLE ACCOUNTABILITIES:

• Perform day to day financial transactions, including timely and accurate processing and validation of invoices.
• Verify, investigate, and handle invoice discrepancies and invoices on hold for assigned entities and suppliers.
• Complete problem resolution, analyze aging reporting, and open GR report to solve pending issues.
• Work cross functionally to resolve any invoice/payment issues.
• Prepare balance sheet reconciliation at month end for the assigned accounts.
• Compliance to prescribed to company policies, accounting standard procedures and audit
• Perform ad hoc activities as assigned.

• 1. Accounts Payable Management:

• Oversee and manage the entire accounts payable process, from receipt of invoices to payment to vendors.
• Review and verify the accuracy of invoices, purchase orders, and payment requests.
• Ensure timely processing of vendor payments, adhering to company policies and supplier agreements.
• Handle complex or high-value payments and ensure accuracy and compliance with financial regulations.

• 2. Invoice Processing and Verification:

• Review, match, and process invoices against purchase orders and contracts.
• Investigate discrepancies and resolve issues with invoices or payments.
• Ensure that all invoices are recorded in the company’s accounting system in a timely and accurate manner.

• 3. Payment Processing:

• Prepare payment runs (checks, electronic transfers, etc.) and ensure timely payments to vendors, suppliers, and contractors.
• Maintain accurate records of all payment transactions and ensure proper documentation for audit purposes.

Desired candidate profile

Minimum 05 years accounts payable experience or part qualified accountant
Experience from Shared Service environment is highly advantageous.
Able to communicate clearly in fluent spoken and written English.
Strong Excel skills and Microsoft office programmes
The ability to engage, challenge and work effectively with others.
The ability to build an effective network of internal relationships.
Willing and able to identify and support change and continuous improvement in own and wider business environment.
Demonstrates the required functional and/ or technical knowledge and skills to achieve the highest level of accomplishment.
Skills and Knowledge:
Accounting Knowledge: Strong understanding of accounting principles, accounts payable processes, and financial reporting.
Attention to Detail: Ability to ensure accuracy in data entry, invoice processing, and payment management.
Problem-Solving Skills: Ability to investigate and resolve discrepancies, issues with payments, and vendor inquiries.
ERP and Accounting Software Proficiency: Experience with accounting software (e.g., SAP, Oracle, QuickBooks) and Microsoft Excel.
Time Management: Strong organizational skills to handle multiple priorities and deadlines in a high-volume environment.
Communication Skills: Ability to communicate effectively with vendors, suppliers, and internal stakeholders.