Payable Accountant Experience in manufacturing industry from 5- 10 years
Key Responsibilities
1. Accounts Payables Management:
- Supervise the accounts payable team to ensure timely and accurate processing of vendor invoices and payments.
- Review and approve payment batches, ensuring compliance with company policies and authorization procedures.
- Reconcile accounts payable sub-ledger with the general ledger (payables, prepaid expenses).
- Manage vendor relationships and resolve payment discrepancies.
- Monitor aging reports and ensure timely settlement of liabilities to optimize cash flow.
- Following purchase receipts and the remaining quantity.
- Reviews tax accruals, Vat reports and WHT associated working papers.
- Prepare a vendor ageing report.
- Following the suppliers balances at each reporting date.
- Follows and settles checks issued to vendors with invoices.
- Reviewing and following up the cash covenant accounts and employee advances and making account settlement entries.
- Review insurance documents and compensation accounts.
2. Financial Reporting and Compliance:
- Prepare periodic accounts payable and costing reports for management.
- Ensure adherence to internal controls and compliance with regulatory requirements.
- Support internal and external audits by providing necessary documentation and explanations.
- Implement process improvements to enhance efficiency and accuracy in both accounts payable and costing functions.
Job Qualifications:
- Education: Bachelor's degree in Accounting, Finance, or a related field
- Experience:
- Minimum 5 years of experience in accounts payable.
- Experience in manufacturing, retail, or similar industries preferred.
Skills:
- Strong understanding of accounting principles and standards.
- Proficiency in ERP systems (e.g., Odoo, SAP) and advanced Excel skills.
- Excellent analytical, problem-solving, and organizational skills.
- Strong leadership and communication abilities.
