Accounts Payable Accountant
Jumbo Group
Total years of experience :8 years, 5 Months
Jumbo Electronics (Central Finance Division) - Accounts Payable Accountant
• Processing and payment of Tax invoices efficiently and accurately.
• On a weekly basis, we were making Post-Dated Cheque (PDC) payments totaling more than 500, 000 AED.
• Handled meticulous PDC payments for Jumbo Stores, ensuring financial protocol adherence
• Efficiently managed trade license renewals, ensuring regulatory compliance
• Managed monthly financial close, handling statement closing procedures, provision entries, and allocations, ensuring accuracy for compliant reporting
• Maintained prepaid schedules, conducting monthly amortizations, executing necessary correctional entries, and reconciling to the Trial Balance
• Collaborated with the admin team to accurately allocate and provision monthly group expenses
• Performed reconciliations of supplier accounts by cross-verifying received supplier statements with corresponding balances in the Books of Accounts
• Liaised with Account Managers to address payment inquiries and swiftly resolved any discrepancies in payments
• Reviewed A/P aging reports to ensure prompt payments, prevent oversight of invoices, and promptly address any concerns or discrepancies
• Handling weekly payments of 50-60K USD
• Supported GL Accountant by assisting in monthly Balance Sheet reconciliation post month-end
• Audited employee expense claim reimbursements submitted through the system
• Managed creation, maintenance, and updates of the Asset Register promptly, ensuring reconciliation with the GL accounting system, and executing monthly depreciation
• Prepared bank reconciliations and maintained accurate cash balances
• Regularly prepared payment files and uploaded them onto the bank portal weekly for all vendors
• Reviewed and processed invoices and purchase Orders ensuring the accuracy of all data
• Conducted monthly reviews of Aging, Prepaid, and Bank reconciliation reports, ensuring strict adherence to the 90-day transaction limit policy. Analysed financial records for timely resolution and maintained accuracy within specified timeframes
(Project - United Airlines) A/P - Operations Associate
• Processing over 90, 000 invoices per month, totaling more than 10 million USD
• Conducted research and efficiently resolved various payment-related issues
• Collaborated with vendors to establish repayment plans for overdue accounts
• Coordinate with US, APAC, EMEA, and LATAM regions for payment of invoices
• Facilitated urgent payments in rent, landing fees, government taxes, and catering by coordinating with station managers and buyers
• Working on various error reports generated while getting interfaced into the system
• Assisting the A/P Inquiry & Vendor Management team by directly communicating with vendors and buyers to resolve their inquiries and concerns