Accounts Executive (Billing, Invoicing)

Company Overview

Shark Innovation Labs is a leading provider of back-office and outsourcing solutions, serving international clients with a strong focus on the GCC region. With a team of over 160 professionals across our offices in Karachi, Lahore, and Faisalabad, we specialize in delivering reliable, scalable, and cost-efficient services tailored to our clients’ business needs .

Our expertise in managing end-to-end business processes allows our clients to focus on growth while we handle their operational support with efficiency and professionalism.

Key Responsibilities:

• Invoice Processing:
• Receive, review, and process incoming invoices for goods and services.
• Verify accuracy, including matching invoices with purchase orders and receiving reports.
• Ensure proper coding and allocation of expenses to appropriate cost centers or general ledger accounts.
• Resolve discrepancies and issues with invoices.
• Expense Reports:
• Review and process employee expense reports, ensuring compliance with company policies and guidelines.
• Verify receipts and supporting documentation for business-related expenses.
• Vendor Management:
• Maintain and update vendor information, including contact details, payment terms, and banking information.
• Communicate with vendors regarding invoice-related inquiries, discrepancies, and payment status.
• Payment Processing:
• Prepare and process payments through various methods (e.g., checks) in accordance with payment terms and company policies.
• Reconcile payments with bank statements.
• Month-End Reconciliation:
• Assist in month-end closing activities related to accounts payable.
• Reconcile vendor statements with the accounts payable ledger.
• Compliance and Reporting:
• Ensure compliance with company policies, as well as local and international financial regulations.
• Generate and analyze reports related to accounts payable activities.
• Vendor Relations:
• Build and maintain positive relationships with suppliers and vendors.
• Address and resolve vendor inquiries, disputes, and payment delays.
• Process Improvement:
• Identify opportunities for process improvements and automation within the accounts payable function.
• Recommend and implement best practices for efficiency and accuracy.

Requirements:

• A Bachelor's degree in Accounting, Finance, or a related field is preferred.
• Prior experience in accounts payable or a similar financial role is desirable.
• Strong proficiency in using accounting software and Microsoft Excel.
• Knowledge of accounting principles, financial regulations, and compliance.
• Excellent attention to detail, organizational skills, and time management.
• Effective communication skills, both written and verbal.
• Ability to work independently and as part of a team.

What We Offer:

• Free Lunch Facility

• Medical Insurance

• Provident Fund

• Annual Increments

• Performance-based bonus.

• Leave Encashment

Working Conditions:

• Work Condition: Onsite

• Work Hours: 9:00 AM – 6:00 PM (Standard), Flexible for R&D, Rotational for Transport & Warehouse

• Respect for Diversity, Inclusion & Anti-discrimination Practices

Job Type: Full-time

Work Location: In person