Job Purpose: The job holder is responsible for managing the payment of company invoices in accordance with the agreed credit terms in a timely manner. The job holder is also responsible for the management and supervision of fixed assets accounting team in planning, coordinating and implementation of a system for the accurate accounting, reporting, controlling and safeguarding of EKFC Group*s capital assets.
Key Result Areas: 1. Guide, motivate and develop team members in the optimization of their personal potential, so that the departmental and thus the business objectives are met and / or exceed. Set SMART objectives for the team and provide regular and objective feedback on the performance.
2. Proactively identify and convert the opportunity for early payment discounts.
3. Ensure timely & accurate accounting and deduction of all rebates and charge backs as per contracts
4. Monitor and report overstocking of inventory to optimize the benefits, identify slow and non-moving items
5. Liase with bank to ensure smooth and prioritized payments to staff and supplier accounts.
6. Develop, implement and maintain systems, procedures and policies for accounts payable functions to reduce manual intervention and process time and to ensure adherence to company guidelines
7. Fully responsible for timely preparation of CAPEX budgets, periodical updates and forecasts for monitoring control
8. Ensure all payable documents carry appropriate approvals and supporting documentations; validate the same prior to the accounting entries. Ensure periodic reconciliation of supplier statement to identify & rectify discrepancies, if any.
9. Responsible for maintaining Supplier master and timely update of Terms of Payment to ensure payments as per agreed credit period
10. Monitor and ensure non-contract purchases are supported with appropriate quotes and evaluation in accordance with the purchasing policies and procedure.
Knowledge, Skills & Minimum Experience: Education Qualification: o Must have professional qualification such as CPA, ACCA, CA
Work Experience: o Minimum 5 years* experience of payable management function in large scale FMCG
o Proven expertise and thorough practical understanding of accounting principles and techniques
o Substantial experience with advance spread sheeting
o Extensive experience in financial management and project management with 2 years in JD Edwards or similar ERP system
Skills: o Decision making
o Strong communication
o Interpersonal skills
o Negotiation skills
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