Accounts Payable Manager job at Absa Group June, 2023

JOB DETAILS:
Job Summary
Responsible for management of supplier payment risk, ensuring an appropriate and sound control environment around internal and external supplier payments in the bank

Job Description
Accountability: Accounts Payable Management
· Facilitate the correct processing of payments to suppliers and staff within the agreed timelines.
· Handle queries from the Suppliers and any user functions
· Ensure proper reconciliation of Finance payment suspense and related accounts.
· Ensure that costs are allocated correctly to the functions with the proper documentation.
· Ensuring compliance with the guidelines from the regulating bodies e.g. deduction of all withholding Tax and accounting for VAT
· Ensure the team maintains a first class filing system for all support documents
· Act as the main reference point both in the presence and absence of the Financial Controller on key cost queries. Respond to/resolve a wide range of queries, channeling to the appropriate area is necessary
· Ensure all costs in a reporting period have been properly accrued for.
· Ensure the Accountable team has proper understanding of their Job requirements and are properly assessed on a regular basis.

Accountability: Stakeholder Management
· Ensure effective and excellent communication and working relationships with colleagues in the department and the bank in general
· Engage senior managers and other staff in the bank to facilitate and escalate outstanding issues.
· Manage queries from external stakeholders that relate to supplier payments

Accountability: Risk Management control and Compliance
· Understand the appropriate policies & standards applicable to role.
· Understand and manage risks and risk events (incidents) which are faced in the role thereby contributing to the adherence to the Group Risk and Control Framework.
· Ensure that practices and controls required by policies are communicated to all relevant colleagues
· Ensure that independent oversight, on a proactive basis takes place of the risk performance (including related control effectiveness) principal risks.
· Facilitate the regular risk assessment of the financial reporting risk in liaison with the Financial Controller.
· Maintaining procedures to monitor compliance with policies and any controls required by them
· Approve changes to the Supplier master list & confirmation of invoices.
· Facilitate elements of snap checks to adherence to documented processes within the team.

Accountability: Team Leadership/Management
· Provide leadership, line management & coaching to both the finance team and wider areas of the bank
· Support the Financial reporting teams when the need arises.
· Train and support to other areas of the bank to ensure they have sufficient knowledge regarding accounts payable
· Proactive engage members of the bank’s senior leadership team committed to achieving success and providing support for colleagues.
Pursue your own personal development to increase job effectiveness.

Education
• Higher Diplomas: Financial Sciences (Required)

Job Experience: No Requirements

Work Hours: 8

Experience in Months:

Level of Education: Bachelor Degree

Job application procedure
• Interested and qualified? Click here to apply

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