Accounts Payable Manager at Platinum Careers

Reporting to: Financial Controller
Direct Reports: N/A

Principal Accountability:

• To provide financial, transactional, and administrative support to the business in the end-to-end Purchase to Pay process.
• The role would be responsible for verifying, validating, and processing vendor invoices to completion in line with standard business policy, as well as post-transactional reconciliation and management of vendor accounts.

CORE FUNCTIONAL RESPONSIBILITIES Main Tasks

• Develop, implement, and maintain systems and procedures to ensure the achievement of full score on all AP related controls in the business unit control framework.
• Serve as strategic business partner to the Procurement Function in the management of vendor relationships, ensuring provision of efficient and practical resolution to queries, thus guaranteeing business continuity
• Timely and accurate booking of invoices with full payment term tracking to ensure payment of vendors happen as at when due without compromising the working capital objectives of the business.
• Follow laid down guidelines for handling urgent payments and exceptions with a view to keeping the frequency of same within acceptable threshold in line with the working capital objectives of the business.
• Ensure full observance of the three-way match control in executing payment transactions, with all exceptions approved in line with the business’ authority matrix.
• Perform periodic reconciliation of vendor sub-ledger to general ledger with the aim of identifying, investigating, and resolving variances.
• Conduct quarterly circularization of key vendors (vendors attracting significant annual spend from the business) whilst pro-actively identifying and clearing reconciling items to avoid disputes and possible financial losses.
• Serve as key contributor to the cash planning process through provision of accurate information on expected cash outflows.
• WHT and VAT management.
• Relationship Management & Other Tasks
• Relate with various departmental heads & staff to obtain relevant data & info.
• Carry out any further tasks for which your qualifications & experience are suited and as may be directed by management.

EDUCATION, TECHNICAL SKILLS, AND EXPERIENCE

• Bachelor’s degree in any numerate discipline
• Qualified Accountant, 4-6 years' experience in Finance or accounting-related function
• Membership of professional bodies, ACA, ACCA, CITN
• Practical knowledge of financial accounting principles and associated standards
• Strong ERP exposure (appreciation of back-end set ups and how they impact outcome)
• Strong MS office working knowledge especially MS Excel and power point.
• Proactive, self-motivated, and capable of working in a complex and challenging environment.
• Proven ability to design and effectively operate financial controls.
• Very good communication and influence at all levels of management
• Previous experience in Accounts Payable Operations and management of associated controls.
• Positive attitude and ability to work in a team.

OTHER BEHAVIOURAL ATTRIBUTES

• Open minded and able to work in a complex, fast paced environment
• Ability to frame issues and define practical solutions.
• Strong interpersonal skills and ability to relate across board within and outside the organization.
• Thoroughness and attention to detail