• Application Deadline:
• Position: Direct Payable Associate


• Job Type Full Time


• Qualification BA/BSc/HND


• Experience 4 years


• Location Lagos


• Job Field Finance / Accounting / Audit 
  

Job Purpose

• To process all invoices received for payment and for undertaking the payment of all creditors in an accurate, efficient and timely manner.

Core Responsibilities and Key Result Areas

Financial Transactions

• Process accounts and incoming invoices  in compliance with financial policies and procedures


• Perform day to day financial transactions, including verifying, classifying, computing, posting and recording accounts  payable  data


• Prepare bills for Franchise Royalty Invoices , Franchise Marketing invoices and all sundry invoice requests


• Apply payments from franchises to their GL and ensure monthly reconciliation of franchise receivables.


• Book all cash advance requests and cash advance retirements.


• Reconcile the  payable GLs to the ageing reports and other relevant schedule   


• Verify discrepancies and resolve suppliers’ billing issues


• Facilitate payment of  vendor invoices by sorting and transmitting  due invoices for the payment team.


• Prepare weekly cash advance reports


• Prepare weekly outstanding franchise invoices report

Bookkeeping and Reporting

• Generate financial reports detailing accounts payable and receivable status


• Post transactions to the Financial Reporting System


• Initiate journal records for Franchise payments


• Generate weekly report of due unretired cash advances

Key Performance Indicators

• Timeliness of Franchise invoicing


• Timeliness of posting payment request dockets


• Accuracy of weekly reports  (vendors’ ageing report, cash advance reports and Franchise receivable invoices)


• Number of invoices processes per day


• Average time per invoice processed


• Percentage of invoice exceptions per audit journals


• Maintenance of good relationship with suppliers

Knowledge Requirements

• Knowledge of Basic Bookkeeping and accounting payable principles


• Knowledge of managing accounting figures and financial records


• Demonstrates data entry skills with a knack for numbers


• Knowledge of accounting software

Job Specifications

• A good first degree in Accounting or Finance


• Membership of ICAN, ACCA, or any other related professional degree is an  added advantage


• Minimum of  4 years’ experience in a similar role is required

Decision Expectations

• Facilitate payment of invoices due


• Generate financial statements and reports detailing accounts payable status


• Ensure timely entry of invoices for payment


• Support other accounting functions