KPMG is a global network of independent professional services firm with deep expertise in the provision of audit, tax and advisory services to clients in various industries and sectors of the economy. The Firm is well represented in Nigeria and across the African continent, with the objective of providing exceptional and quality services to multinational, regional and local clients and to enhance the product offerings in certain previously under-serviced markets.
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
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