Accounts Payable Manager job at Absa Group June, 2023

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.

• 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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