Finance Payable Officer at Prudential Plc

• The Finance Payable Officer is responsible for managing the payment obligations, ensuring timely and accurate processing of invoices, claims, statutory deductions, and vendor payments, while maintaining strong financial controls and compliance with company policies and regulatory requirements.

Key Responsibilities

• Processing of Claims Payment in line with approved policies and ensuring accuracy, completeness, and timeliness.
• Processing of Payments to Vendors and Ensuring Settlement of Outstanding Credits
• Preparation of Commission Payments to Customers or intermediaries in line with contractual terms and approved schedules.
• Maintains organized and accurate filing (physical and electronic) of all payment documents, invoices, receipts, vouchers, and approvals for audit and reference purposes.
• Handles payment of administrative and operational expenses, ensuring they are valid, properly approved, budgeted, and correctly classified.
• Prepares and maintains up‑to‑date payment schedules to ensure timely disbursement of funds and proper cash flow management.
• Calculates withholding tax, ensures correct deductions, prepares schedules, and supports timely remittance and statutory filings in line with tax regulations.
• Prepares VAT schedules, ensures accurate computation on applicable transactions, and supports timely filing and remittance to tax authorities.
• Performs regular reconciliation of vendor accounts, bank statements, ledger balances, and control accounts to ensure accuracy and completeness of financial records.
• Reviews payment requests, invoices, and supporting documents to ensure compliance with company policy, approval limits, and internal controls.
• Maintains a comprehensive record of all payments made, ensuring visibility, traceability, and proper monitoring of financial outflows.
• Ensures proper archiving of financial records in line with regulatory requirements and internal document retention policies.
• Reviews employee expense claims for compliance with policy, manages approvals, and processes payments accurately and promptly.
• Records all approved financial transactions into the appropriate general ledger and sub‑ledgers.

Qualifications

• Bachelor’s degree in accounting, Finance, Business Administration, or a related discipline.
• Relevant professional certification is an added advantage (e.g. ICAN, ACCA, ACA, CPA)

Experience

• Deep knowledge and understanding of accounts payable processes and controls.
• Basic financial accounting principles and double‑entry bookkeeping
• Proficiency in the use of Microsoft Office tools particularly Excel and general financial reporting tools
• Good knowledge of Tax compliance requirements (VAT and WHT)
• Good Oral & Written communication
• Good documentation skills