Accounts payable Associate

Job Title: Accounts Associate (Fresher)

Job Summary

We are looking for a motivated and detail-oriented fresher to join our finance team as an Accounts Associate. The candidate will assist in ensuring timely collection of payments from customers, maintain financial records, and support the finance team in day-to-day accounting operations including accounts receivable and payable.

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.

Job Types: Full-time, Fresher

Work Location: In person