Head Account Payable at Duma works

Job Responsibilities

• Day to day management of the Purchase Ledger Team – Goods not for Resale
• Manage and Supervise the Purchase Ledger Team ensuring that all tasks are accurate and completed within given deadlines
• Ensure key contractor account reconciliations are carried out on a regular basis
• Ensure that all supplier queries are concluded and dealt with in a timely manner
• Control and manage the supplier credit balances
• Ensure that current process maps are drawn up and any recommendations for changes / improvements are made
• Ensure all bank reconciliation items are cleared in a timely manner
• Ensuring full recovery is made for any debit balances
• Work closely with the Head of Financial Control regarding the ongoing development /maintenance of current systems
• Introduce Service Level Agreement processing timescales / KPI monitoring in the Accounts Payable team to understand volumes and processing patterns and accuracy of input
• Regularly review procedures and resource requirements
• Planning cash flow on purchase ledger payments with Sales & Banking Department in line with the agreed timetable of payments
• Ensuring payment terms are adhered to and EBITDA impact maximised by taking advantage of prompt payment discounts etc.
• Ensuring that the closure of Accounts Payable month end reporting is completed, valid and correct ready for month end close and closedowns are completed with commentary as appropriate
• Assisting with month end, posting of journals and reconciliation of balance sheets
• Control account and key balance sheet reconciliations
• Monitoring all overheads and looking at ways to streamline and save money
• Ensure that the Company’s authorisation control manual is regularly updated and issued as appropriate

Qualifications

• Relevant degree in financial Accounting and/or local accounting (CPA/ACCA) qualification.
• Proficiency in MS Office and basic accounting systems like QuickBooks or sage.
• Experience with or curiosity for IT systems and ERP systems.
• Cost accounting, Financial Accounting and Management Accounting Skills.
• Excellent accounting skills.
• Strong analytical and problem-solving skills.
• Strong organization and prioritization skills.
• Experience over 4 years either in FMCG, tier 1 retail groups, top banking & consulting companies.
• Working in a multi-national Company will be an added advantage.