Payables Accountant Recruitment at KPMG Nigeria

Job Title: Payables Accountant

Job ID: 150671BR
Location: Lagos
Service Line: Finance & Accounting
Job Level: Associate/team member
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

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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 General Ledger, including inter-firm billings
• Responsible for monitoring and controlling the accruals system
• Maintain a 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 organization 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 Deadline

Not Specified.

Method of Application

Interested and qualified candidates should:
Click here to apply online

Note: Only shortlisted candidates will be contacted.