Job Responsibilities:
Account Payables - Invoice Processing and Payment:
- Process and verify invoices received from vendors, ensuring accuracy and adherence to company policies and procedures.
- Match invoices with purchase orders and receiving documents to validate the correctness of billing.
- Code and enter invoices into the accounting system for payment processing on timely manner.
- Prepare and perform payment runs, including issuing checks, initiating electronic transfers, or processing online payments.
- Reconcile vendor statements with accounts payable records and resolve any discrepancies.
- Prepare regular reports on accounts payable aging, cash flow projections, and outstanding liabilities.
- Assist in month-end and year-end closing activities, including accruals, reconciliations, and financial reporting.
- Collaborate with other departments to resolve invoicing and payment-related issues.
- Create FI Vendor Master in SAP HANA
Account Receivable - Payment Processing and Collections:
- Capture, monitor and track customer payments, ensuring timely and accurate application to customer accounts in both DMS & SAP
- Follow up on outstanding invoices and aging accounts receivable to facilitate timely collections.
- Collaborate with the sales team to identify and address potential payment issues or credit risks.
- Prepare and analyze accounts receivable reports, including aging analysis & bad debt provision.
- Assist in month-end and year-end closing activities, including accruals, reconciliations, and financial reporting.
- Ensure compliance with internal control procedures, financial regulations, and company policies related to accounts receivable.
General Ledger
- Post journal entries to the general ledger, ensuring proper classification and adherence to accounting standards.
- Reconcile general ledger accounts on a regular basis to ensure consistency and identify any discrepancies or errors.
Bank Reconciliation:
- Perform daily, monthly, and periodic bank reconciliations for all company bank accounts.
- Match and compare bank statements with internal records to identify and resolve any discrepancies.
- Investigate and reconcile discrepancies, including outstanding checks, deposits, and bank fees.
- Update accounting records to reflect reconciled bank balances accurately.
Continuous Learning and Professional Development:
- Stay updated on industry best practices, accounting standards, and technological advancements related to account payable, accounts receivable & treasury processes.
- Participate in relevant training programs or workshops to enhance skills and knowledge in account payable, accounts receivable & treasury processes.
Ad Hoc Task
- Perform assigned ad hoc tasks as required by the supervisor.
Recordkeeping and Documentation:
- Maintain organized and up to date all records and supporting documentation.
- Prepare and retain all appropriate documentation related for audit purposes.
- File and store related documents in a secure and accessible manner as and when required.
Job Requirements:
- Candidate must possess at least Bachelor&aposs Degree in Accountancy/ Finance or equivalent qualifications.
- Excellent skills in Microsoft Office Applications (Excel, Word and Power Point.
- Strong ability to work independently under tight deadlines and good organization skill
- Strong ethics, with ability to manage confidential data
