Senior Accounts Payable Accountant
Senior
- Oversee the daily Accounts Payable operations, ensuring accurate and timely recording of supplier invoices, credit notes, debit notes, and payment transactions.
- Review and validate supplier invoices against purchase orders, contracts, and Goods Received Notes (GRNs), ensuring proper three-way matching.
- Manage supplier accounts and perform regular reconciliations, investigating and resolving discrepancies with suppliers and internal departments.
- Prepare and review supplier payment plans based on contractual terms, cash flow requirements, and payment due dates.
- Coordinate with Procurement, Warehouse, and Treasury departments to resolve issues related to purchase orders, received goods, invoice discrepancies, and supplier payments.
- Review and monitor supplier advances, purchase returns, debit notes, credit notes, and outstanding balances to ensure proper settlement.
- Review and record import-related expenses, including freight, customs duties, clearance fees, and other purchasing costs, ensuring accurate cost allocation.
- Ensure accurate VAT treatment and compliance with applicable tax regulations and electronic invoicing requirements.
- Perform monthly reconciliation of Accounts Payable sub-ledgers with the General Ledger and ensure timely completion of month-end closing activities.
- Monitor Accounts Payable aging reports, identify overdue balances, and take appropriate actions to ensure timely settlement of obligations.
- Prepare and analyze periodic AP reports, providing insights into supplier balances, payment status, outstanding liabilities, and potential risks.
- Ensure proper documentation, internal controls, and compliance with company financial policies and procedures, while supporting internal and external audits.
- Bachelor's degree in Accounting, Finance, or a related field.
- 3–5 years of relevant experience in Accounts Payable or General Accounting, preferably within Electronics, FMCG, Retail, or Distribution companies.
- Strong knowledge of accounting principles, Accounts Payable processes, and financial reporting.
- Proven experience in managing supplier accounts, reconciliations, invoice verification, and payment processing.
- Strong understanding of three-way matching (PO, GRN, and Supplier Invoice) and purchasing cycle procedures.
- Good knowledge of VAT, tax regulations, electronic invoicing, and related compliance requirements.
- Experience in handling import-related transactions and allocating freight, customs duties, and clearance expenses is preferred.
- Hands-on experience with ERP systems; Oracle Fusion is highly preferred.
- Strong analytical skills with the ability to investigate discrepancies and resolve complex accounting issues.