Accounts Payable Lead

We are looking for an Accounts Payable Lead to supervise all accounts payable activities related to UCO trading operations. Ensures the completion of the entire accounts payable cycle including monthly closing, and preparation of the period-end / year-end closing entries and reconciliations for accounts payable.

Requirements

• Supervises the accounts payable functions; and verifies all invoices payable and claims before processing payments.
• Reconciles payables, accruals and follows-up on any outstanding items and prepares the necessary adjustments on timely basis.
• Ensures proper coding and accounting distribution for all payments and cash disbursements.
• Carries out the monthly closing process for accounts payable to ensure the timely completion of the assigned tasks as per period-end timetable, including the preparation of journal entries, the reconciliation of accounts payable and the investigation and analysis of discrepancies that may arise.
• Ensures correct preparation of staff’s payroll statement/ slips and timely payment of salaries.
• Provides weekly and monthly forecast reports of Accounts Payable.
• Supervises the processing of manual debit / credit notes issued by various departments.
• Prepares petty cash disbursement sheet for replenishment, and posts related expenses to GL.
• Maintains proper archiving system for accounting files to ensure the completeness and efficiency of the documentation system.
• Assists in the preparation of the monthly reconciliation files.
• Monitors and maintains the sequential numbers of document types for the payable system; includes cheques, debit notes and credit notes.
• Ensures correctness of all the accruals and provisions accounts for accounts payable.
• Ensures the accuracy and the timely recording of all payment (cheques, cash, and wire transfers) to the General Ledger.
• Ensures proper supporting documentation and filing for all journal entries related to his area of operation.
• Any other responsibilities assigned by the Accounting Manager.