Accounts Payable (In-Country) at WTS Energy

Job Summary

Provide responsibility for making payments to both vendors and staff. Promptly record all expenses in the accounting system. Make bi-monthly forecasts of payables and provide payables reports.

Main Responsibilities

• Maintain proper referencing and archiving of the documented system of accounting policies and procedures.
• Maintain proper referencing and archiving of payments/receipts documents and other Finance-related documents.
• Assist in scheduling regular compliance reviews by internal policies, procedures, and practices.
• Making payments promptly to all suppliers to take advantage of discounts to ensure optimal profitability.
• Timely cash disbursement to the staff.
• Ensure timely flow of information to the business/ management by updating accounting records.
• Maintain, manage, and update transaction posting in the payables invoice and bank management modules.
• Prompt payment of statutory remittances to avoid liabilities.
• Ensure tax compliance in transaction processing on daily transactions.
• Ensure accurate period-end ledger closing through call-up and reconciliation of general ledger balances.
• Maintain and manage monthly prepayment and accrual schedules.
• Reconciliation of creditor accounts to ensure the accuracy of financial reports and prevent unrecorded liabilities.
• Maintain daily cash books for all operating and collection accounts.
• Raising vouchers and processing payments to vendors, suppliers, and third parties in line with expenditure and payment approvals.
• Reconcile bank accounts weekly on accounting software and provide accurate balances for decision-making.
• Update operating accounting software with financial data including but not limited to Payables, Receivables, Bank entries and GL reconciliation daily.
• Provide support to the team lead in the preparation of consolidated financial statements by the International Financial Reporting Standard (IFRS).
• Support in the provision of information to external auditors for annual audits.
• Support in providing information to state and federal government for tax purposes.
• Assist in liaising with other departments to ensure timely preparation and review of financial accounts.
• Assist in providing information for the preparation of the company’s budget and in delivering the budget process.
• Carry out other duties as assigned by the supervisor

Qualification & Requirements

• Minimum BSc/BA/HND in Accounting or related field
• ACA or ACCA or CPA Certification will be an added advantage
• 3 – 5 years experience