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Payables Accountant at KPMG Nigeria

  • Accounting / Finance
  • Lagos
  • 2-3 years of relevant experience

Website https://twitter.com/KPMG_NG?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor View Jobs at KPMG

KPMG Nigeria - Our client is a wholly-owned Nigerian Conglomerate with businesses and interests that span across various sectors of the Nigerian economy: Automobile, Medical, Foods & Beverages, Information Technology, Engineering and Agriculture. With globally respected partners and an iconic brand portfolio and has continued to be a considerable contributor to Nigeria's economy.

We are recruiting to fill the position below:

Job Title: Payables Accountant

Job ID: 150671BR

Location: Lagos

Service Line: Finance & Accounting

Job Level: Associate / team member

Job Field: Accounting / Finance

Contract Type: Permanent

Full Time / Part Time: Full Time

Job Summary

  • The Finance and Accounts team in KPMG Nigeria is responsible for recording, preparing and presentation of the financial report of the firm’s activities.
  • The role – Management of all processes associated with accounts payable

Specific Duties and Responsibilities

  • Maintain a record of all vendors’ invoices and payments
  • Maintain a record of inter-firm billings and payments
  • Process all vendors’ payments and staff’ claims in accordance with the firm’s policy
  • Ensure prompt recording and/or application of payments of accounts payable into the General Ledger, including inter-firm billings
  • Responsible for monitoring and controlling the accruals system
  • Maintain record of WHT deductions from Vendors and ensure remittance to the appropriate authorities (LSIR & FIRS)
  • Responsible for computing WHT on rent and remittance to appropriate authorities
  • Responsible for monthly reconciliation of accounts payable to the general ledger
  • Responsible for monthly reconciliation of inter-firm balances to the general ledger
  • Prepare monthly reconciliation statement for key vendors
  • Prepare monthly reconciliation statement for key KPMG offices
  • Maintain appropriate contact with key KPMG offices on inter-firm billings related matters
  • Maintain appropriate contact with key finance officers on all vendors’ related matters
  • Provide input on inter-firm billings to the Financial Accountant for IHQ reports
  • Liaise with procurement units on vendor related matters and resolve all issues
  • Provide daily accounts payable information for cash management purposes

Backup Arrangement:

  • The Treasury Accountant will take up all the duties and responsibilities of the Payable Accountant when absent.

Job Requirements
Education:

  • B.Sc. Accounting or its equivalent (Second-Class Upper Division)

Experience:

  • 2-3 years of relevant experience
  • Conversant with Vendor management system and best practices

Skills:

  • Knowledge of Generally Accepted Accounting Principles (GAAP)
  • Good understanding of local accounting principles
  • Good Accounting skills
  • Good understanding of WHT and VAT.
  • Knowledge of basic information technology/Microsoft office tool
  • Good organisation skills
  • Good level of attention to details
  • Ability to work effectively under pressure.
  • Good communication and interpersonal skills
  • Maturity and tact

Key Performance Indicators:

  • Capturing services not yet paid for 100% through the accrual system
  • Speed of processing and releasing payments to vendors according to agreed terms
  • Accuracy of inter-firm payable balances
  • Accuracy of vendor’s payable balances
  • Availability of daily accounts payable information not later than 11am of the following day
  • Availability of monthly reconciliation statement of accounts payable not later than the 20th day of the following month
  • Availability of monthly reconciliation statement of inter-firm balances not later than the 20th day of the following month
  • Collection of WHT receipts on Vendors’ payable not later than 2months form date of remittance
  • Timeliness of resolution of disputed balances by vendors and / or KPMG offices
  • Accuracy of inter-firm billings into IHQ report

Application Closing Date
Not Specified.

How to Apply
Interested and qualified candidates should:
Click here to apply online

Note: Only shortlisted candidates will be contacted.