Team Lead, Procure to Pay
IHS Towers
Total years of experience :12 years, 4 Months
Key Accountabilities
• Manages all accounts payable transactions across the Middle East, Africa, and Europe markets.
• Processes weekly payments to the vendors across the Middle East, Africa, and Europe markets.
• Ensures that the supplier's VAT and withholding tax are accurately applied.
• Performs reconciliation of Balance Sheet, Aged payable, and Vendor accounts.
• Prepares monthly KPI report.
• Works closely with other finance teams within the organization for a monthly closing schedule and ensures
accounts Payable are closed on a timely basis.
• Liaises with internal and external auditors pertaining to the audit queries and provides required documents.
• Manages/reviews lease data, and contracts and submit a monthly report to top management.
• Manages 1st level escalation & issues raised by the vendor or internal staff.
Key Accomplishment
• Implemented auto payment creation to be the most efficient technique of PV creation over the entire operation market.
• Implemented Withholding tax group/item capabilities through PO-based invoice generation to eliminate manual tax addition.
• Managed to write off USD 500K and minimize trade payables by analyzing vendor-aged balances and coordinating with prospective stockholders to guarantee that balances are no longer payable.
Key Accountabilities
• Managed all cash and treasury transactions in the Middle East and Iraq markets.
• Processed local & foreign currency payments.
• Performed daily/weekly bank reconciliation.
• Produced daily cash analysis for Treasury entities (incl. variance analysis and daily cash budget submissions)
• Performed monthly re-forecast of profit and cash.
• Performed/reviewed the daily Treasury Back Office processes in the Treasury Management System including payments, bank reconciliations, and setting up new payees.
• Ensured that daily foreign exchange rates received from banks are updated in the system.
• Managed and track bank fees and interest.
• Supported standby letters of credit and bank guarantee requirements.
Key Accountabilities
• Reviewed/processed all invoices for appropriate documentation and approval prior to payments.
• Monitored vendor prepayments and cleared prepayment account at regular intervals.
• Prepared the corporate accruals, aged report, and ad-hoc report.
• Managed VAT and Withholding TAX for Vendors.
• Performed vendor balance reconciliation.
Key Accountabilities
• Maintained the company's sales and marketing budget, as well as prepared quarterly and annual sales reports for upper management.
• Conducted a monthly Sales budget analysis for more than 20 different products
• Reconciled the Distributors' statements for outstanding claims as needed using the internal tracking file.
• Completed and report quarterly to FC and AC S&M on accrual status with YTD spends
• Logging, Monitoring, checking, and processed Debit notes in SAP in a timely and accurate manner.
• Maintained tracking of Overspend DN and provide updates to FC and AC S&M every 15th of the month.
• Processed sales claims, and product promotional expenses shared by Principals to raise promotion debit notes.
• Coordinated budget changes with brand managers, product executives, and sales teams.
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