Accounts Payable Specialist
3 weeks ago
We are seeking a highly organized and detail-oriented Accounts Payable Executive to join our team at Ananta Resource Management. The successful candidate will be responsible for managing the company's outflow of funds, ensuring timely payments to vendors, and maintaining accurate records.
Key Responsibilities- Invoice Processing: Receive, review, and verify invoices for accuracy, compliance, and proper authorization. Match purchase orders with invoices and receipts to ensure consistency. Code invoices with the correct expense accounts and project codes for proper tracking.
- Payment Processing: Prepare and process electronic transfers, payments by check, and other forms of payment. Schedule and prioritize payments based on terms and company cash flow. Ensure timely payment to vendors, contractors, and service providers.
- Reconciliation: Reconcile accounts payable transactions with general ledger entries. Ensure proper month-end and year-end closing of the accounts payable ledger. Reconcile vendor statements and resolve discrepancies.
- Record Keeping and Reporting: Maintain accurate records and control files for invoices, payments, and vendor details. Prepare reports on accounts payable status, aging, and forecasts for management. Assist in audits by providing supporting documentation for accounts payable.
- Vendor Relations: Maintain professional and positive relationships with vendors and suppliers. Address vendor inquiries, disputes, or discrepancies in a timely manner. Negotiate payment terms and handle any escalations related to billing.
- Compliance and Policy Adherence: Ensure all payments are compliant with company policies, tax laws, and regulations. Assist in improving accounts payable processes to increase efficiency and compliance.
- Expense Reporting and Reimbursement: Review and process employee expense reports for accuracy and policy compliance. Manage petty cash accounts or other expense accounts as assigned.
- Support to Finance Team: Assist with budgeting and forecasting activities related to cash flow and payables. Collaborate with other finance team members to ensure the smooth financial operation of the organization.
This role is vital for maintaining the company's financial integrity, ensuring vendors are paid on time, and maintaining a good cash flow.
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