Payables Accountant
KBR
Total years of experience :12 years, 3 Months
• Completing month and year-end closing responsibilities in a timely manner.
• Managing accounts of the General Ledger System, Posting and reconciling Journal Entries.
• Handling of accounts payables, Production of Monthly payable reports, reconciliation and analysis of the same against vendor accounts statements.
• Preparation of payables reports thereto, Reconciliation of Supplier accounts.
• Maintaining a master vendor file. Reconciling vendor statements, maintaining relationships with vendors and following up on vendor inquiries.
• Preparation of the relevant Audit Schedules in liaison with our external auditors. I also act as the key contact person for our external auditors Ms. Ernest and Young regarding payables department audits.
• Maintaining the company’s corporate banking relationships.
• I am responsible for the issuance of the monthly payables reports together with trends and forecasts to enable proactive financial control.
• Preparation of Bank reconciliation Statements for Multi-currency bank accounts. e.g. USD, EUR, GBP and AED
• Suggested process improvements to secure prompt and regular payments for the organization.
• Process and audit of employees expense reports.
• Responsible for inter-company account balance management and reconciliation for related party transactions with our sister concerns.
• Evaluating and implementing internal control policies and procedures within payables department.
• Driving complex reconciliations, Communicating with business leaders within my given business unit and Understanding and applying regulatory business rules to accounting procedures.
• Management of the payroll accounting for the company (wages protection system) and compilation of end of service benefits as per the U.A.E Federal Labor laws requirements.
• Providing input and experience to the management team in developing the annual budget as well as preparing variance analysis of actual versus budget.
• Preparation of the relevant Audit Schedules in liaison with our external auditors. I also act as the key contact person for our external auditors Ms. KPMG.
• Initiation and Management of trade finance facilities such as Letters of Credit, Trust Receipts and Letters of guarantee in accordance with the Uniform Customs Practice rules under UCP 600 guidelines.
• Maintaining and updating the assets register including the preparation of the depreciation schedule.
• Establishing periodic collection targets and Key Performance Indicators for myself and the accounts department team which lead to timely running of the billing and collection process, which always ensured adequate liquidity is available for working capital needs.
• Maintaining the company’s corporate banking relationships.
• Preparation of Bank reconciliation Statements for Multi-currency bank accounts.
• Managing accounts of the General Ledger, Posting and reconciling Journal Entries.
• Preparation of cheques and Initiation of wire transfer payments. Creating and managing a banking transaction code for all payables within the various business units.
• Receiving and matching vendor invoices to support purchase orders and receiving reports. Vetting all payment vouchers to ensure that they comply with the company’s established policies and procedures and they are approved by the authorized appropriate personnel.
• Determining appropriate coding for entry into the general ledger. Entering invoices into the accounts payable system. Selecting invoices for payment in accordance with established terms. Preparing cheques as deemed necessary.
• Preparation of Bank reconciliation Statements for Multi-currency bank accounts e.g. KES. GBP, EUR and USD.
• Responsible for inter-company account balance management and reconciliation for related party transactions with our sister concerns.
• I was responsible for the issuance of the monthly payables reports together with trends and forecasts to enable proactive financial control.
• Prepare month-end account reconciliations primarily cash, accrual and prepaid accounts
• Reconcile vendor statements, research and make corrections of discrepancies.
ACCA Professional Certificate Strathmore University, Nairobi
• Bachelor of Science in Applied Accounting. European Business School, United Kingdom, London.