Accounts Payable Officer at Sahara Group

Purpose Statement:

 Responsible for recording and maintaining up to date records of the Company’s daily financial transactions.  He will be responsible for the timely implementation of the Company’s policies and procedures. He will be responsible for analyzing account payable balances for validity and ultimately feed the users with accurate financial information.

Key Deliverables

• Receive and verify invoices and requisitions for goods and services
• Verify that transactions comply with financial policies and procedures
• Book approved invoices in the financial system
• Prepare Bank transfer instructions and ensure prompt dispatch to bank
• Follow up with banker to ensure instructions are promptly processed.
• Monthly remittances of all statutory deductions: PAYE, Pension, WHT, VAT etc.
• Disburse petty cash Naira and reconcile daily
• Post all payments to the Financial system
• Send remittance advice to Vendors.
• Ensure filing of all Account payable documents

Knowledge/Skills:

• Must possess very sound knowledge of basic accounting
• Basic knowledge of taxes and statutory deductions  in Nigeria
• Must be able to do simple analysis and interpretation of financial transactions.

Minimum Qualification / Experience:

• Must have a Bachelor’s degree in Accounting, Economics or relevant field
• Must have commenced ICAN examination with Intermediate level passed at a minimum
• At least 1 year post NYSC work experience in a similar role.

Personality Traits:

• Must be thorough
• Must be a good team player
• Must have good listening skills
• Must be a self-motivating individual

Working Relationships

• Internal: Candidate is expected to liaise with the rest of the finance team in a manner that will strengthen the Company’s finance
• Internal: Candidate is expected to liaise with other departments (Operations, Trading and Business Development) of SERL to properly harmonize information required for quality reporting.

Key Performance Indicators

• Timely and accurate posting of transactions
• Timely implementation of policies and procedures
• Monitor daily transactions to budget and ensure costs incurred are within budget
• Timely and accurate preparation of bank reconciliations
• Timely reconciliation and accuracy of Petty cash
• Timely remittance of all statutory deductions
• Accurate reporting on account payables and profile due dates
• Must be dedicated to ensuring work is done within agreed timelines.
• To ensure accurate reporting on accrual to improve quality of monthly financial statements
• Proper documentation and filing of all relevant documents.