Job Description
Job Summary:
The Accounts Payable Officer is responsible for managing and processing all incoming invoices, ensuring accurate and timely payments to vendors and suppliers. This role requires a strong attention to detail, a good understanding of accounting principles, and prior experience in accounts payable functions.
Key Responsibilities:
- Process and verify invoices accurately and in a timely manner.
- Match purchase orders, delivery receipts, and invoices to ensure completeness and accuracy.
- Reconcile vendor statements and resolve any discrepancies promptly.
- Prepare and process payments (cheques, EFTs, and wire transfers).
- Maintain accurate vendor records and update contact/payment details as needed.
- Monitor AP aging reports and ensure timely payments to avoid penalties or disruptions.
- Assist with monthly, quarterly, and year-end closing processes.
- Ensure compliance with company policies and accounting standards.
- Collaborate with procurement and other departments to resolve issues with invoices or payments.
- Maintain organized and up-to-date AP files for audit purposes.
- Respond to vendor inquiries in a professional and timely manner.
Required Experience and Qualifications:
- Minimum 2–3 years of experience in an Accounts Payable or related finance role.
- Bachelor’s degree in Accounting, Finance, or a related field (preferred).
- Strong understanding of accounting and financial principles.
- Experience with accounting software (e.g., SAP, Oracle, QuickBooks, Xero).
- Proficient in Microsoft Excel and other Office applications.
- High attention to detail, accuracy, and strong organizational skills.
- Good interpersonal and communication skills.
- Ability to work under pressure and meet tight deadlines.
Preferred Skills and Attributes:
- Experience working in a large or multinational company.
- Familiarity with tax regulations, VAT, and withholding tax (as applicable).
- Ability to identify process improvement opportunities.
- Team player with a proactive attitude.