Associate Manager-Accounts Payable

JOB PURPOSE

The Associate Manager - Accounts Payable main responsibility is to develop and implement efficient AP strategies and processes aligned with business objectives as well as building and leading a high-performing AP team capable of delivering exceptional results.

Qualifications and Education:

• Bachelor’s degree in finance, Accounting (CMA is a plus)
• Experience working in a multicultural teams and environment.
• Effective at communicating with both internal, external customers and all levels of management.

Experience

• 8 to 10 years of experience in accounting mainly in accounts payable areas.
• Retail experience is a plus.

Technical skills

• SAP
• MS Office Skills

JOB RESPONSIBILITIES

• Managing & supervising the accounts payable team across the company.
• Developing, implementing & maintaining systems, procedures & policies to ensure adherence to company guidelines.
• Monitor the accounts payable workflow, identifying areas for improvement and implement best practices
• Ensuring timely payments of vendor invoices and expense vouchers using the automatic payment process and maintain accurate records and control reports.
• Ensure monthly clearing of all payments, vendor's advances against invoices, settling rebates and credit notes
• Lead vendors reconciliation process and quarterly confirmation of balance for key vendors
• Track open purchase orders (trading and non-trading) and ensure timely closure
• Maintain Vendor Master file on SAP and ensure the accuracy and completeness of all financial records
• Timely and accurately submission of all external audit requirements
• Provide the analysis needed for tax/zakat/customs inspection and provide all the supporting documents needed
• Actively respond to all stakeholders’ requirements whether internally or externally
• Maintain accurate track records and archive all invoices posted on system, vendor statements, reconciliation & payments.
• Ensure having monthly reconciliations submitted on time with adequate explanation for any variance and action plan
• Submission of monthly closing package and reports as per the company accounting policies
• Lead monthly closing/year end closing activities of financial records & posting of month end information
• Providing assistance to AP related projects
• Oversee the following GL account groups, AP, Supplier advances, GRIR , Prepayments & accruals