Accounts Payable Officer

The Accounts Payable Officer is responsible for managing the organization's accounts payable process, ensuring accurate and timely payments to vendors and suppliers. This role involves verifying and processing invoices, reconciling accounts, and maintaining records of financial transactions. The Accounts Payable Officer plays a crucial role in maintaining positive relationships with vendors while adhering to internal controls and financial policies.

Key Responsibilities:

Invoice Processing:

Receive and review invoices from vendors for accuracy, completeness, and authorization.
Enter invoice details into the accounting system accurately and in a timely manner.
Ensure proper coding and classification of expenses according to the chart of accounts.

Payment Processing:

Prepare payment batches for approval and processing, including checks, electronic transfers.
Coordinate with internal stakeholders to obtain necessary approvals for payments.
Monitor payment due dates and ensure timely disbursement of funds to vendors.

Vendor Management:

Maintain vendor accounts and contact information in the accounting system.
Respond to vendor inquiries regarding payment status and resolve discrepancies or issues promptly.
Collaborate with purchasing and procurement teams to address vendor-related issues and optimize payment processes.

Reconciliation and Reporting:

Reconcile accounts payable transactions with vendor statements and general ledger accounts.
Prepare and distribute periodic reports on accounts payable aging, outstanding invoices, and payment status.
Assist in month-end and year-end closing processes by providing accurate and complete financial data.

Compliance and Internal Controls:

Ensure compliance with company policies, accounting standards, and regulatory requirements.
Implement and maintain internal controls to safeguard company assets and prevent fraud or errors.
Participate in audits and assist auditors in providing necessary documentation and explanations.
Ability to work independently with minimal supervision and as part of a team.

Location: Islamabad

Join our finance team and contribute to the efficient management of accounts payable processes while maintaining strong relationships with vendors. If you have the required skills and experience, we invite you to apply for this position and become a valuable member of our organization.

Skills

Accounts Software Command Oracle eBusiness Suite Accounts Receivable Skills Accounts Payments Handling Taxation Law

Job Details

Industry:

Education/Training

Functional Area:

Accounts, Finance & Financial Services

Total Positions:

1 Post

Job Shift:

First Shift (Day)

Job Type:

Full Time/Permanent

Job Location:

Islamabad, Pakistan

Gender:

No Preference

Minimum Education:

Masters

Degree Title:

Master’s degree in Accounting & Finance.• Chartered Accountant Designation, or a MBA in Accounting/Finance required

Career Level:

Experienced Professional

Experience:

3 Years - 5 Years (3-5 Years of proven experience in accounts payable financial role. Knowledge of accounting principles and practices, particularly in accounts payable processes. Proficiency in software including MS Office & cloud-based applicatications.)

Apply Before:

May 06, 2024

Posting Date:

Apr 06, 2024

Roots Millennium Schools

Education/Training · 1001-1500 employees - Islamabad

ROOTS MILLENNIUM SCHOOLS HISTORY & BACKGROUND SINCE 1988 The institution was established in April 1988 at 74 Harley Street Rawalpindi by Mrs. Riffat Mushtaq (Aizaz-e-Fazeelat) a dedicated and committed teacher fired with enthusiasm and missionary spirit in the field of education. She took the challenge of introducing modern methodology of Montessori System. In the formative years she introduced the International Montessori method of education. Roots is the pioneer institution in having introduced an exclusive Montessori in the twin cities of Rawalpindi & Islamabad in 1988 and brought awareness about this method of teaching in Pakistan. The growth of children in this institution is the success of the "Teaching Methodology, Curriculum, Faculty & Creativity". The phenomenal success and growth behind the institution is now credited to her son Mr. Chaudhry Faisal Mushtaq (Tamgha-e-Imtiaz) who has now founded Roots Millennium Schools. EMERGENCE OF ROOTS MILLENNIUM SCHOOLS (RMS) 'Unique' just about sums up Roots Millennium Schools. Roots Millennium Schools (RMS) is part of the Roots School System founded in 1988 by Mrs. Riffat Mushtaq (Aizaz-e- Fazeelat), the new generation millennium schools are labeled and founded by her son Mr. Chaudhry Faisal Mushtaq - Tamgha-e-Imtiaz; recipient of the prestigious national civil award from Government of Pakistan for his astounding services for education and youth, who himself is a celebrated national educational icon and decorated educational reformer and counselor, to help scale education, learning and teaching as per the aspiration of the 21st century child; commonly referred as the 'Millennial Child'. Roots Millennium Schools (RMS) is a model and celebrated private sector International educational system styled on the modern educational system on global standards, specially designed to meet the requirement of the students to meet the challenges of the 21st century. Roots Millennium Schools (R