Overall Purpose of the Job
- Supervise invoice payment process
- Intercompany accounting
- Monthly closing activities related to accounts payable
- Assistance in preparation of statutory accounts
- Management of General Ledger accounts related to AP
- Monitoring supplier advances and deposits
- Monitoring settlement of employee advances and recharges
- Providing necessary information to treasury section for raising cash calls
- Ensuring that AP section keeps track of invoices sent to user departments
- Reconciling vendor accounts periodically
Principal Accountabilities
Ensure that supplier invoices are processed in a timely and accurate manner.
Reviewing the supplier invoices to ensure that all invoices are in accordance with the signed contracts and 3-way matching concept.
Forecasting of fund requirements for supplier payments in accordance with business plans and on-going activities.
Monthly closing of books for supplier ledgers and reconciliations.
Review of prepayments schedules, advances schedules and monitoring their accounting treatments in accordance with IFRS.
Segregation and correct recording of costs according to its classification between operating and capital expenditures in accordance with IFRS.
Ensuring that the accruals are posted in SAP on timely and accurate manner and subsequently cleared.
Review of suppliers ledger on regular basis and ensuring its integrity and clearing up pending items on fast track basis.
Resolution of issues contractual issues with suppliers in coordination with end users, in-house legal counsel and procurement department.
Preparation of disclosures in financial statements in accordance with the requirements of IFRS for accounts payable areas (supplier ledgers and expenditures).
Coordination with statutory and joint venture auditors to complete the periodic audits for accounts payable and expenditures.
Reviewing spending patterns under various expenditure categories and identification areas of potential synergies and cost optimization.
Reviewing all supplier invoices from fiscal perspective and ensuring fiscal compliance.
Monitoring of costs in accordance with approved budgets.
Candidate Profile
- ICMA member
- 4-5 years post qualification experience
- Good communication, problem solving and analytical skills
- Good working knowledge of MS Office and SAP
Ability to work on Company Operated System applications