Officer – Finance Payables 25M26

The Officer – Finance Payables is a crucial role within the financial department responsible for managing and processing all payments related to the organization's expenditures. This position involves overseeing the system for issuing payments, managing vendor accounts, and ensuring the accuracy and integrity of financial transactions. The individual in this role will work closely with other finance team members and departments to maintain financial accuracy and support organizational efficiency. The Officer – Finance Payables is also tasked with maintaining comprehensive records, analyzing financial data, and implementing best practices to streamline payment processes. This position requires strong analytical skills, attention to detail, and a deep understanding of financial regulations and procedures.

Responsibilities

• Process and manage all incoming invoices and related payments promptly and accurately.
• Maintain and update vendor accounts ensuring correct information and payment terms.
• Reconcile accounts payable related transactions with the general ledger regularly.
• Support the finance team in preparing financial reports and monthly closing activities.
• Ensure compliance with financial policies and procedures in all payable operations.
• Review payment requests and documentation to verify financial accuracy and legitimacy.
• Coordinate with vendors and internal departments to resolve payment discrepancies.
• Monitor organization cash flow relating to accounts payable obligations.
• Assist in the development and implementation of systems to simplify payment processes.
• Conduct analysis to identify trends and opportunities for financial savings.
• Prepare regular financial analysis and reports on accounts payable activities.
• Provide support to audits and implement recommendations to enhance operations.

Requirements

• Bachelor’s degree in Finance, Accounting, or a related field is required.
• Proven experience in finance, accounting, or a similar accounts payable role.
• Strong organizational skills with a keen attention to detail and accuracy.
• Excellent ability to analyze financial data and prepare related financial reports.
• Proficient use of financial management software and Microsoft Office Suite.
• Good communication skills necessary to interact with vendors and internal teams.
• Familiarity with financial regulations and compliance standards in the field.