Financial Accountant - Accounts Payable (contract)

Financial Accountant - Accounts Payable (contract)

Main Purpose of Job: The Financial Accountant - Accounts Payable plays a critical role in providing financial decision-making information by collecting, analyzing, investigating, and reporting financial data. Through detailed recordkeeping and data analysis, the Financial Accountant-Accounts Payable will assist the organization with investing and improving overall financial practices. Working as an integral member of the Finance team, the Financial Accountant-Accounts Payable will help managers track current trends and forecast future needs.

The incumbent will be responsible for updating job knowledge and professional qualifications by keeping current with financial regulations and accepted practices; participating in educational opportunities; reading professional publications; maintaining personal networks; and maintaining continuing education requirements of the relevant professional qualifications.

The ideal candidate must be mature, level-headed, dedicated and committed to developing a top-notch Finance department within a fast-paced, collaborative, team-oriented environment. Attention to detail, accuracy, consistency and confidentiality are extremely important.

Key Duties and Responsibilities:

• Develop and document appropriate controls and procedures for the Accounts Payable function.
• Assists the Finance Business Partner Reporting in preparing Financial Statements Notes related to the Trade and Other Payables along with Board and Audit Committee meeting notes.
• Collaborates Accounts Payable Internal and External Audits and provide all the relevant supporting documentation to conduct the audit.
• Provides technical assistance and advice to accounts payables staff and collaborate, train, and share best practices related to the AP function to cross-functional departments.
• Performs and review all accounting, cost allocation, vendor reconciliations and analytical data related to the efficient maintenance and processing of accounts payable transactions according to the company’s policy, accounting best practices, and adhering to all standard operating procedures.
• Verifies and submits payments to authorized parties and follow through on all payments, efficiently addressing queries as required.
• Process payments via the companies online banking platforms, ERP system and prepare cheques as required.
• Co-ordinates the efficient management of all supporting documentation by the AP function.
• Maintains the accounts payables database and provide users access to the relevant functions.
• Generates and prepares weekly and monthly Power BI analytical reports for operational and senior management relating to Accounts Payables.
• Coordinate and prepare payment forecasting and planning methods using the ERP system.
• Analyse financial data to identify trends, variances, and key performance indicators.
• Conduct thorough financial modelling and scenario analysis to support strategic initiatives and decision-making processes.
• Monthly evaluation of payables subledger to ensure that outstanding balances due are legitimate and are settled in a timely manner.
• Completes month-end closing reviews, procedures and corrections as needed. This includes reconciliations of the Accounts Payables general ledger accounts to the related subledger accounts identifying variances, performing required follow up and ensuring accurate and timely reconciliations.
• Prepares standard and recurring journal entries, accruals and prepaid schedules with supporting working papers for analytical review and audit.
• Investigates and resolves internal and external vendor queries with commitment to customer service and fostering effective supplier/distributor relationships.
• Ensures foreign exchange rates are updated on the SAP Master data on a timely basis.
• Review Supplier reconciliations and assess for any accrual impacts.