Accounts Payable Team Leader

Premier Services and Recruitment Overseas -
Kuwait City, KuwaitPosted 5 years ago

177Applicants for1 open position

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Supervise and manage payable team in posting vendor's invoices, reconciling their accounts, preparing payment requests and updating prepaid and accrued expense;
Monitor all open purchase orders (trading and non-trading) and ensure closure;
Oversee supplier balances and monitor their debit balances to ensure immediate clearance;
Maintain Vendor Master file on SAP and ensure the accuracy and completeness of all financial records like payment term and bank account details;
Ensure monthly clearing of vendor's prepayment advances against invoices and settling rebates and credit notes;
Oversee and analyze all GL accounts related to accounts payable, prepayment advances, accrued and prepaid expense;
Submit monthly aging report of vendor balances;
Ensure the proper filing of vendors invoices, statements, reconciliations and payments;
Perform month-end closing reviews, procedures and corrections as needed; and
Ensure obtaining vendor's and related party balance confirmation on a quarterly basis.

Bachelor in Accounting
CPA / CA / ACCA (Preferred)
Proven work experience in multi organizations accounting system and multi million turnover organizations
7+ years of relevant experience
Strong knowledge of IFRS and IAS
Experience in ERP systems (SAP preferred)
Strong leadership, follow-up and analytical skills
High level of integrity and dependability with strong sense of urgency and details & results-orientation
Excellent knowledge in MS office (Specially in Excel)
Fluent in Arabic and English