Job Purpose: Oversee and control of all Accounts Payable and Payroll matters. Monitor and review all reconciliations and journal entries. Liaise with business units to resolve queries related finance from time to time. Apply accounting principles and control procedures to ensure accounting transactions are carried out appropriately in line with the Group policies & procedures and compliance to International Financial Reporting standards (IFRS) and International accounting standards (IAS).
Key Accountabilities:
- Payroll: Oversee payroll processing to ensure salary disbursement is done on time. Ensure timely submission of required payroll details to bank, accuracy of employee incentive disbursements, distribution of monthly pay slips, upload of payroll related transactions in Oracle HRMS, setting of costing in the HRMS, submission of monthly reports to GMs/CFO to facilitate timely salary disbursements.
- Reconciliation: Reconcile payable accounts for local and foreign suppliers. Reconcile Accounts Payable balance with the general ledger trial balance to ensure the accuracy of books of accounts. Reconcile all payroll related accounts on monthly /quarterly basis in order to ensure that books of accounts remain updated and accurate. Review bank reconciliations and inter group reconciliation statements and clear related transaction to ensure timely accounting of pending entries. Initiate necessary monthly recurring journals for employees provision such as bonus, incentive, ticket cost, etc.
- Cash Management: Periodically review and reports petty cash utilization to the manager to ensure controls are in place. Verify and review petty cash claim statements received from various business units, shared services department and accounts for expenses in order to record the claims.
- Reports: Oversee the preparation and submission of reports on time to facilitate management review. Prepare and provide periodic reports to the treasury department on disbursement of payments on a monthly basis to facilitate availability of funds and monitor cash-flow.
- Team Support: Support the line manager in coaching and training of the new team members. Step in during the absence of line manager. Provide guidance and support during critical tasks being handled.
- Other Assignment: Ensure Partner's payments are getting released on time based on management directives with proper accounting and monthly reporting to the manager.
Qualification: Bachelor's Degree in Accounting, Commerce or equivalent.
Experience:
- 5 6 years of minimum experience in Payable/Payroll accounting within a diversified group of companies.
- Experience in Automotive industry is preferred.
