Job Details
Experience Needed:
Career Level:
Education Level:
Salary:
Job Categories:
Skills And Tools:
Job Description
Key Responsibilities
Invoice Processing: Review, verify, and process invoices from vendors and suppliers, ensuring they are accurately coded and approved in accordance with company policies.
Payment Management: Prepare and execute timely payments to vendors, maintaining accurate records of all financial transactions and ensuring compliance with payment terms.
Vendor Communication: Maintain effective communication with vendors regarding invoice inquiries, payment statuses, and any discrepancies to foster strong relationships.
Account Reconciliation: Conduct regular reconciliations of accounts payable records, ensuring accuracy and promptly resolving any discrepancies.
Financial Reporting: Prepare and submit accounts payable reports to the finance department, including aging reports and payment forecasts.
Compliance: Ensure compliance with financial regulations and internal policies related to accounts payable and payments.
Expense Management: Assist in monitoring departmental budgets by tracking expenses and ensuring adherence to budgetary guidelines.
Collaboration: Work closely with internal departments, such as finance and procurement, to ensure accurate and efficient processing of invoices and payments.
Audit Support: Assist in internal and external audits by providing necessary documentation and support related to accounts payable activities.
Continuous Improvement: Stay informed about best practices in accounts payable management and suggest process improvements to enhance efficiency and effectiveness.
Core Skills
Attention to Detail: High level of accuracy and attention to detail in processing invoices and managing financial records.
Organizational Skills: Strong organizational skills to manage multiple tasks and prioritize effectively.
Communication: Excellent written and verbal communication skills, with the ability to interact professionally with vendors and internal teams.
Problem-Solving: Ability to identify discrepancies and develop effective solutions for invoice and payment issues.
Integrity: Strong ethical standards and integrity in handling financial transactions and vendor accounts.
Team Collaboration: Ability to work collaboratively with cross-functional teams to enhance financial operations.
Time Management: Ability to manage time effectively and meet deadlines consistently.
Key Result Areas (KRAs)
Timely Payments: Ensure all vendor payments are processed in a timely manner, adhering to payment terms.
Invoice Accuracy: Achieve high accuracy in invoice processing and account reconciliations.
Vendor Relationships: Maintain positive relationships with vendors through effective communication and timely issue resolution.
Reporting Timeliness: Provide timely and accurate accounts payable reports to the finance department.
Process Improvement: Identify and implement improvements to accounts payable processes to enhance efficiency and effectiveness.
Financial Compliance: Maintain compliance with all relevant regulations and internal policies related to accounts payable management.
Invoice Processing: Review, verify, and process invoices from vendors and suppliers, ensuring they are accurately coded and approved in accordance with company policies.
Payment Management: Prepare and execute timely payments to vendors, maintaining accurate records of all financial transactions and ensuring compliance with payment terms.
Vendor Communication: Maintain effective communication with vendors regarding invoice inquiries, payment statuses, and any discrepancies to foster strong relationships.
Account Reconciliation: Conduct regular reconciliations of accounts payable records, ensuring accuracy and promptly resolving any discrepancies.
Financial Reporting: Prepare and submit accounts payable reports to the finance department, including aging reports and payment forecasts.
Compliance: Ensure compliance with financial regulations and internal policies related to accounts payable and payments.
Expense Management: Assist in monitoring departmental budgets by tracking expenses and ensuring adherence to budgetary guidelines.
Collaboration: Work closely with internal departments, such as finance and procurement, to ensure accurate and efficient processing of invoices and payments.
Audit Support: Assist in internal and external audits by providing necessary documentation and support related to accounts payable activities.
Continuous Improvement: Stay informed about best practices in accounts payable management and suggest process improvements to enhance efficiency and effectiveness.
Core Skills
Attention to Detail: High level of accuracy and attention to detail in processing invoices and managing financial records.
Organizational Skills: Strong organizational skills to manage multiple tasks and prioritize effectively.
Communication: Excellent written and verbal communication skills, with the ability to interact professionally with vendors and internal teams.
Problem-Solving: Ability to identify discrepancies and develop effective solutions for invoice and payment issues.
Integrity: Strong ethical standards and integrity in handling financial transactions and vendor accounts.
Team Collaboration: Ability to work collaboratively with cross-functional teams to enhance financial operations.
Time Management: Ability to manage time effectively and meet deadlines consistently.
Key Result Areas (KRAs)
Timely Payments: Ensure all vendor payments are processed in a timely manner, adhering to payment terms.
Invoice Accuracy: Achieve high accuracy in invoice processing and account reconciliations.
Vendor Relationships: Maintain positive relationships with vendors through effective communication and timely issue resolution.
Reporting Timeliness: Provide timely and accurate accounts payable reports to the finance department.
Process Improvement: Identify and implement improvements to accounts payable processes to enhance efficiency and effectiveness.
Financial Compliance: Maintain compliance with all relevant regulations and internal policies related to accounts payable management.
Job Requirements
Qualifications
Bachelor’s degree in finance, accounting, or a related field preferred.
Minimum 2 years of experience in accounts payable or accounting, preferably within a corporate setting.
Previous experience in a similar role is advantageous.
Proficiency in accounting software and accounts payable management systems.
Strong Microsoft Excel skills for data analysis and reporting.
Bachelor’s degree in finance, accounting, or a related field preferred.
Minimum 2 years of experience in accounts payable or accounting, preferably within a corporate setting.
Previous experience in a similar role is advantageous.
Proficiency in accounting software and accounts payable management systems.
Strong Microsoft Excel skills for data analysis and reporting.
Featured Jobs
Similar Jobs
- AR & Inventory AccountantENAYA CARE INTERNATIONAL COMPANY FOR BEAUTY & COMFORT - Riyadh, Saudi Arabia6 days ago
