Payable Officer

About the role:

We are seeking a candidate for the position of Payable Officer. This role involves managing Lumi's accounts payable processes, which include verifying and recording supplier invoices, ensuring timely payments, reconciling accounts, and supporting the finance team in maintaining compliance and achieving organizational objectives.

Responsibilities

• Receive supplier invoices and ensure accuracy and alignment with purchase orders and received shipments.
• Verify invoice details, including prices, quantities, and taxes.
• Record invoices in the financial system, ensuring accurate data entry.
• Prepare checks or electronic payments and ensure timely disbursement.
• Negotiate payment terms with suppliers when needed.
• Perform monthly reconciliations between invoices and payments to verify supplier account balances.
• Prepare regular reports on accounts payable status and outstanding payments.
• Ensure compliance of all accounting operations with internal policies and financial regulations.
• Ensure adherence to tax requirements and legally mandated invoicing standards.
• Provide guidance and on-the-job training to junior colleagues, ensuring knowledge sharing and team efficiency.
• Follow departmental policies, processes, and standard operating procedures for consistency and compliance.
• Support continuous improvement initiatives to enhance efficiency, sustainability, and cost-effectiveness.
• Prepare timely and accurate departmental reports in line with company requirements and quality standards.

Requirements and Skills:

• Bachelor’s degree in Accounting or Finance.
• 1–2 years’ experience in accounts payable or finance operations.
• Experience with SAP systems.
• Proficient in Microsoft Excel and accounting software.
• Good knowledge of supplier invoicing, payments, reconciliations, and reporting.
• Ability to review invoices, match with POs, and resolve discrepancies.
• Strong attention to detail and accuracy in financial transactions.