Finance - Accounts Payable
Damas Jewellery LLC
Total des années d'expérience :25 years, 10 Mois
(12.4 Years)
Job Responsibilities Handled:
•Handled daily A/P processes, supervised A/P clerks and managed vendor/supplier relations
• Managing Staff related payments inclusive of Payroll, Business related expenses and Contractual Entitlements.
•Managed the accurate and timely processing of invoices based on the payment terms. Assessed and closed A/P sub-ledger on a monthly basis, validated content and resolved various issues.
•Process automations (Vendor claims / Petty cash claims - 30/60/90 days plan) to foster an environment of continuous improvement.
•Assist with change management activities, process improvement and system efficiencies in order to improve AP department service quality.
•Standard work done and documented for Payables Tasks
•Facilitated internal, external and quality audits and maintained high score as a result of sound recordkeeping and thorough documentation.
•Instituted thorough cross-checking of pack-lists / delivery notes and invoices with purchase orders to ensure that supplier invoices are paid for the goods/service received to avoid over payment
•Renegotiated payment terms with many of the suppliers/vendors from immediate / advance payments to Net 30 days. Improved cash flow and helped facilitate company's return to profitability.
•Provide Month end accrual / Prepayment amortization
•Supplier streamlining Process - go through bidding process and locking the vendor for 6 months to I year to eliminate non value added activity in the process
•Handled Bank Reconciliation statement.
•Scrutiny and Analysis of Vendor Account.
•Review, maintain & update Supplier Master /Reconciliation with Vendor statement of accounts to ensure booking of all accounting transactions and resolve dispute if any.
•Reconciliation of Accounts with Supplier.
•Conducting Inventory Audit (Stock Take - Physical counting of stocks).
•People and performance management - review of peoples performance on monthly basis and address / understand the issues in 1:1 meeting with the subordinates. Having weekly team meeting for open discussion / sharing latest updates
• Developing and leading training programs to improve employee productivity, job satisfaction and workplace morale.
B.A.C.S.