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October 21, 2020
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Home » Account payable manager (open vacancy) – Al Kuwait – Kuwait Jobs

Account payable manager (open vacancy) – Al Kuwait – Kuwait Jobs


Job Description

Required Qualifications
 

  • Bachelor in Accounting
  • CPA / CA / ACCA (Preferred)
  • Proven work experience in multi organizations accounting system and multimillion turnover organizations
  • 7+ years of relevant experience
  • Strong knowledge of IFRS and IAS
  • Experience in ERP systems (SAP is a must)
  • Wide experience in inco-terms
  • Strong leadership, follow-up and analytical skills
  • High level of integrity and dependability with strong sense of urgency and details & results-orientation
  • Excellent knowledge in MS office (Specially in Excel)
  • Fluent in Arabic and English

 
 
Responsibilities
 

  • Supervise and manage payable team in posting vendor’s invoices, reconciling their accounts, preparing payment requests and updating prepaid and accrued expense;
  • Monitor all open purchase orders (trading and non-trading) and ensure closure;
  • Oversee supplier balances and monitor their debit balances to ensure immediate clearance;
  • Maintain Vendor Master file on SAP and ensure the accuracy and completeness of all financial records like payment term and bank account details;
  • Ensure monthly clearing of vendor’s prepayment advances against invoices and settling rebates and credit notes;
  • Oversee and analyze all GL accounts related to accounts payable, prepayment advances, accrued and prepaid expense;
  • Submit monthly aging report of vendor balances;
  • Ensure the proper filing of vendors invoices, statements, reconciliations and payments;
  • Perform month-end closing reviews, procedures and corrections as needed; and
  • Ensure obtaining vendors and related party balance confirmation on a quarterly basis.

Skills

Required Qualifications
 

  • Bachelor in Accounting
  • CPA / CA / ACCA (Preferred)
  • Proven work experience in multi organizations accounting system and multimillion turnover organizations
  • 7+ years of relevant experience
  • Strong knowledge of IFRS and IAS
  • Experience in ERP systems (SAP is a must)
  • wide experience in Inco-terms 
  • Strong leadership, follow-up and analytical skills
  • High level of integrity and dependability with strong sense of urgency and details & results-orientation
  • Excellent knowledge in MS office (Specially in Excel)
  • Fluent in Arabic and English

 
 
Responsibilities
 

  • Supervise and manage payable team in posting vendor’s invoices, reconciling their accounts, preparing payment requests and updating prepaid and accrued expense;
  • Monitor all open purchase orders (trading and non-trading) and ensure closure;
  • Oversee supplier balances and monitor their debit balances to ensure immediate clearance;
  • Maintain Vendor Master file on SAP and ensure the accuracy and completeness of all financial records like payment term and bank account details;
  • Ensure monthly clearing of vendor’s prepayment advances against invoices and settling rebates and credit notes;
  • Oversee and analyze all GL accounts related to accounts payable, prepayment advances, accrued and prepaid expense;
  • Submit monthly aging report of vendor balances;
  • Ensure the proper filing of vendors invoices, statements, reconciliations and payments;
  • Perform month-end closing reviews, procedures and corrections as needed; and
  • Ensure obtaining vendors and related party balance confirmation on a quarterly basis.

Job Details

Job Location
Al Kuwait, Kuwait

Company Industry
Wholesale & Import/Export Trade

Company Type
Employer (Private Sector)

Job Role
Accounting and Auditing

Employment Type

Monthly Salary Range
Unspecified

Number of Vacancies
Unspecified

Preferred Candidate

Career Level
Management

Years of Experience
Min: 5 Max: 12

Residence Location
Kuwait



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