Accounts Payable Manager
Suntory Beverages & Food Nigeria Limited
Total years of experience :19 years, 8 Months
• Developed and established SOP (Standard Operating Procedures) to support compliance with laws and regulations.
• Post all invoices correctly the first time and make payments promptly and accurately on the due date.
• Generating and analyzing all accounts payable reports for management use, weekly and monthly.
• Reconcile forty-five intercompany vendors monthly and report outcomes in month-end department meetings.
• Collaborating with the supply chain and other departments to correct issues on vendor invoices.
• Maintained integrity of general ledger and chart of accounts
• Trained new employees in accounting principles and company procedures.
• Partnered with auditors to track errors and add contributions to keep accuracy.
• Compiled general ledger entries on a short schedule with 100% accuracy.
• Collaborated with heads of departments to create operating budgets and start financial planning.
• Diminished outstanding debts by analyzing and resolving accounts with issues.
• Initiated comprehensive account assessments to check business operations' viability, stability, and profitability.
• Report to the Head of finances and oversee accounts payable, with about 120 vendors, which cut across all departments.
• Meeting payment deadlines monthly to vendors 100% according to the company's policy and terms and conditions.
• Coordinated accounts payable functions and improved workflow for three staff members.
• Generate and reconcile reports to TB and send them to the head of the department.
• Reporting outcomes of Reconciling fifty vendors' accounts to the vendors monthly.
• Contribute to the reduction of the company's working capital ratio.
• Managed exact and prompt processing of over one thousand invoices per month.
• Followed established internal controls and policies.
• Investigating historical records, current operational data, and forecasting information to find and capitalize on system enhancement opportunities.
• Analyzed business processes to find cost savings and operational efficiencies.
• Implemented and regularly reviewed financial controls to generate correct and reliable financial data.
• Developed strategic plans for day-to-day financial operations.
• Established internal audit procedures to confirm and improve the accuracy of financial reporting.
• Cash flow projections, cost analysis, and monthly, quarterly, and annual reports.
• Evaluated and negotiated contracts to obtain favorable financial terms to help the working capital ratio.
• Created financial dashboards to supply insights into key performance indicators
• Generate more than half a million dollars by finding and investing the excess cash of the business.
• Overseeing twenty-four intercompany vendors and their transactions, all payment processes, approval, investment, and seven banking relationships
• Recovered old outstanding debts from intercompany vendors amounting to 1.2 million pounds.
• Mitigated risk by implementing internal controls and safeguards for revenues and expenditures.
• Migration of all data from GL posting to a sub-ledger within three weeks for all twenty-four intercompany vendors.
• Assist the Treasury Manager in preparing and presenting financial reports to inform senior management and the board of directors.
• prepared projected monthly cash expenditures through efficient budgeting and detailed document reviews.
• Planned and managed annual budgets, tracking expenses and investigating discrepancies to keep the best controls.
• Drafted treasury reports supporting management decision-making needs.
• Implemented strategies to improve organizational financial performance.
• Coordinated with external auditors to enforce compliance with financial regulations and standards.
• Developed and kept internal control systems to protect organizational assets.
• Consulted with financial institutions to secure project funding and perfect financial resources.
• Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
• Managing daily financial functions with accounting and payroll personnel.
• Supplied treasury and cash management by overseeing the reconciliation of banking activity, credit card processing, and sales tax returns.
• Worked with both internal and external users to create detailed financial reports.
• Enhanced quality and currency of financial information by overseeing revenue collection systems.
• Reporting to the Accounts receivable manager, overseeing account receivable posting of all credit notes, invoices, and payments.
• Reconcile 10 to 20 customer accounts and send a monthly statement to the customers.
• Recovering old outstanding debt totaling 1.2 million dollars from various company customers.
• Managing and controlling the credit limits of each of the customers.
• Also, collaborating with the sales team to collect outstanding debts.
• Achieved a low balance in all customers / receivable accounts month after month.
• Collaboration on bank reconciliation with the treasury department
• Supported business growth through strategic planning and process development.
• Met customer service standards and expectations consistently by effectively communicating and actively listening.
• Streamlined company processes and procedures while enhancing customer satisfaction.
• Made decisions with a broad and positive impact on security management operations.
• Built strategic relationships with federal, state, and local law enforcement agencies.
• Formulated analysis assessments to make informed decisions on proposed projects.
• Deliver strategic and practical advice for security operations at client locations.
• Led the organization by developing a professional and ethical culture focused on Sales excellence.
• Leveraged experience through vital management positions guiding business to success.
• Monitored internal controls to protect client facilities and assets.
• Drove operational direction, administrative and cost efficiency, and coordination of security program initiatives for clients.
• Increased profitability by perfecting sales and fulfilling lower overhead costs.
• Spearheaded design and implementation of security access control systems for various clients
• Implemented business development strategies, logo designs, and website designs.
• Supplied transformational support to clients by planning and implementing security interventions.
• Secured a 90% satisfaction rate for all client services offered.
• Raised profits by 20% within seven months through planning.
• Established and supported strong relationships with customers, vendors, and strategic partners.
• Managed financial, operational, and human resources to perfect business performance.
• Stood for the organization at industry conferences and events.
• Collaborated with legal, accounting, and other professional teams to review and support compliance with regulations.
• Initiated strategy to drive company growth and increase market share and profitability.
• Communicated business performance, forecasts, and strategies to investors and shareholders.
• Setting up and checking all accounting software, processes, policies, and conditions of the two businesses
• Trained new and existing staff members in various financial procedures to prepare for job requirements.
• Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
• Reviewed documentation and showed financial discrepancies where applicable.
• Supported operations management, sales, and marketing efforts to increase revenue and financial health.
• Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
• Created organizational structures to improve accounting and finance functions.
• Executed vendor setup and payment, administration of bank accounts, and account reconciliations.
• Managed regular finance tracking for all branch offices and headquarters expenses.
• Forecasted trends and recommended improvements based on financial risk analyses.
• Maintained responsive organization with sustained revenue growth through industry forecast monitoring and deliberate financial planning.
• Researched and helped software integration to streamline accounting and financial processes.
• Drove revenue stream development through strategic collaboration and partnerships.
• Partnered with IT and operational leadership to develop financial business plans with detailed benchmarks.
• Spearheaded expansion strategies to increase business market share.
• Developed corporate investment strategies to drive growth and security.
• Managed investments to diversify financial portfolios and grow revenue.
• Prepared and managed large capital expenditure budgets to effectively manage infrastructure investment and long-term operations.
• Drove 20% profit increases through market research and strategic asset management to meet dynamic industry conditions.
• Day-to-day transactions of accounts receivable and reported to the finance manager.
• Produce account receivable monthly reports, send out customers' monthly statements, and reconcile all issues developed by distributors.
• Collection of all receivables outstanding on or before the end of the month
• Adhered to the accounts receivable policy of the company,
• 100% collection of receivables achieved every month.
• Project to reduce distributor list from 45 to 16 for four regions of the country (Nigeria), and every other distributor converted to sub-distributors for easy management.
• Ninety-five percent Increase in cash flow of business
This is a one-year Diploma that takes the students through the act of investment.
It takes the students to know the principles and all the regulations in the accounting profession.
This is where the student is introduced to accounting concepts. Some possess the financial statements of different businesses.
courses: 5 credit passed