Accounts Payable
Oil & Gas
Job Summary
Location : Nairobi Kenya
Total View :552
Job type : Full Time
This job has already expired
Industry
Oil & GasJob Description
Job Purpose: To process invoices and payments, post general ledger account coding, perform sub-ledger reconciliations, compile month-end accruals, and prepare applicable journal entries.
Roles & Responsibilities:
- Timely processing and payments of approved suppliers’ invoices and verification through 3-way matching with LPOs and delivery notes per company policy.
- Flag and clarify any unusual or questionable invoice items or prices; ensuring proper approval of invoices, that they are sorted, coded, and matched to LPOs.
- Ensuring compliance with all tax laws in payments processing including withholding taxes, WHVAT, and capturing them in the Oracle System correctly.
- Processing payments to suppliers on the bank platform through cheque, EFT, and RTGS including deducting and ensuring payments are within credit terms.
- Participate in month-end closure through analysis of prepayments and recording of month-end accruals.
- Preparation of reconciliations of supplier statements; to ensure up-to-date/current supplier status ensuring any queries and discrepancies are resolved timely.
- Ensure proper archival of historical supplier records/invoices and provide supporting documentation for audits.
- Preparation of assigned balance sheet reconciliations on a monthly basis, to be completed and submitted to the Payables Manager by the mid of every month.
Minimum Qualifications:
- Bachelor’s Degree in Finance/Accounting
- Professional accounting certification (CPA/ACCA).
- 4+ years’ experience in a similar role in the Oil & Gas industry preferred.