Accounts Payable Senior Accountant

Business Line:

• Electrical Products

Location:

• 10th of Ramadan

Reporting Line:

• Accounting Manager

Key Accountabilities:

• Supervise the daily operations of the accounts payable team, ensuring all supplier invoices are reviewed, verified, and processed according to company procedures and authorization levels.
• Ensure accurate 3-way matching between supplier invoices, purchase orders, and goods receipt/inventory vouchers before booking dues.
• Classify and prioritize invoices based on payment terms and ensure timely processing of check/payment requests after full verification.
• Reconcile vendor statements regularly, identify discrepancies, and coordinate resolutions with suppliers and internal departments.
• Maintain accurate and complete documentation of invoices, approvals, and payment files in accordance with company policy and accepted accounting practices.
• Act as the primary point of contact for vendor inquiries, ensuring professional and timely communication.
• Oversee the tracking and maintenance of the fixed assets ledger; support preparation of asset schedules for financial reporting.
• Manage and organize cost-related documents for shipments, including trucking, freight, customs, and clearance bills, ensuring proper allocation and traceability of expenses.
• Assist in the monthly and year-end closing processes to ensure accurate reflection of payables in the financial statements.
• Apply relevant tax regulations such as VAT and Withholding Tax (WHT) to all payables transactions and payments to ensure full compliance.
• Prepare analysis of payable accounts and generate regular and ad hoc reports to support finance management and decision-making.
• Support internal and external audits by ensuring accurate records and providing necessary documentation.

Qualification & Education:

Education:

• Bachelor's degree in Accounting, Finance, or a related field.

Experience:

• 3 to 5 years of experience in accounts payable.

Technical competencies:

• In-depth knowledge of accounts payable processes and tax applications (VAT, WHT)
• Proficiency in ERP systems (e.g., SAP, Oracle) and Microsoft Excel
• Strong understanding of 3-way matching and inventory accounting
• Familiarity with fixed asset tracking and cost allocation procedures
• Knowledge of financial closing procedures and reporting standards