Senior Accounts Payable

ASSESSMENT:

All applicants are invited to complete the assessment. Completing this assessment will allow you to distinguish yourself from other applicants. This would give all candidates an equal opportunity to shine.

Assessment link: Employment Assessment: Senior Associate level

Job Purpose:

Manage the Accounts Payable (AP) processes by ensuring timely and accurate payment processing, maintaining financial records, and adhering to internal controls to support the organisation’s financial operations.

Key Accountabilities:

Payment Processing Management

Verify and authorise payment requests by ensuring all supporting documents are complete and accurate, and coordinating with relevant departments to meet required turnaround times (TAT). This ensures the integrity of the payment process and prevents delays.

Execute payment disbursements by following established procedures and confirming that payments are issued within the set timelines to ensure timely settlements and maintain strong relationships with vendors and suppliers.

Bank Transaction and Cash Flow Monitoring

Review daily bank transactions by closely monitoring account activities and identifying discrepancies to maintain accurate financial records and ensure the organisation’s cash position is correctly reflected, supporting effective cash management.

Reconcile cash flow statements by matching bank statements with internal records and addressing any variances to contribute to accurate financial reporting and support decision-making related to liquidity management.

Financial Record Maintenance

Update payment summary registers by recording all payment transactions in a timely manner and ensuring data accuracy to support transparent financial reporting and facilitate internal and external audits.

Manage AP aging reports by tracking outstanding payables and following up on overdue payments to ensure that liabilities are properly managed and that the organisation’s financial obligations are met.

Stakeholder Collaboration

Coordinate with internal departments by facilitating communication and ensuring that payment-related queries are promptly addressed to foster seamless financial operations and strengthen internal collaboration.

Liaise with external vendors by resolving payment issues and providing timely feedback to ensure smooth processing of transactions and maintain strong vendor relationships.

Audit Support and Compliance

Organise audit preparation by compiling relevant financial documents and responding to auditor inquiries to ensure that the organisation meets all regulatory requirements and minimises financial risks.

Implement audit recommendations by adjusting processes and ensuring compliance with updated regulations and standards to contribute to the overall governance and continuous improvement of the Accounts Payable function.

Educational Qualification

• Degree in Finance, Accounting, Business Administration, or related field.

• Professional accounting qualification as a Chartered Certified Accountant e.g. ACCA, CIMA, MIA, MICPA and ICAEW would be an added advantage.

Relevant Experience (Skills & Knowledge)

• 5 – 7 years of experience in accounts payable or related financial roles.

• Exposure in utilising financial internal system such as Oracle, SAP SF or related systems would be an added advantage.