Payable Accountant at TradeDepot

TradeDepot is a B2B eCommerce and embedded finance company building the largest digital network of retail outlets in Africa and changing the way FMCG brands distribute products to over 5 million retailers on the continent.

We are recruiting to fill the position below:

Job Title: Payable Accountant

Location: Lagos
Employment Type: Full-time

Job Aims

• TradeDepot is seeking a highly motivated and versatile Payable Accountant. In this role, you will be responsible for managing and accounting for TradeDepot’s trading capital in Lagos.
• You will oversee the company's KPIs related to Trading Capital payables and vendor reconciliation.
• You will work closely with the Procurement team to ensure that prepayments are converted to stock in the shortest possible time and maintain a cash conversion cycle as advised.
• Our ideal candidate must be an early bird, adept at using technology to meet company objectives, manage vendor reconciliations, support other payable accountants, and carry out their duties effectively.
• They must also demonstrate a proven track record of managing payments at scale to deliver on key metrics.

Responsibilities

• Daily Billing: Manage the daily billing of goods received from warehouses in Lagos, MTOs, and Upcountry locations.
• Payment Posting: Handle the posting of supplier payments, including both creditors and cash transactions, on Internet Banking and Odoo ERP.
• Collateral Reconciliation: Regularly reconcile the Collateral Manager’s Net Loadout to ensure accurate settlements.
• Monthly Vendor Reconciliation: Conduct monthly reconciliations between Vendor Statements and TradeDepot’s statements, ensuring no discrepancies.
• Rebate and Incentive Management: Prepare weekly Rebate and Incentive accruals.
• Ledger Reconciliation: Perform reconciliations of Vendors and Inter-branch Ledgers.
• Customer Refunds: Manage the processing of refunds to customers.
• Purchase Order Coordination: Confirm weekly purchase order closeouts with the Procurement Team and reconcile all purchase orders and prepayments to suppliers.
• Regularly reconcile Supplier's ledgers, ensuring accuracy and addressing any discrepancies promptly.
• Recommend and implement improvements to the accounts payable process to increase efficiency and accuracy.
• Ensure all financial transactions adhere to company policies and applicable laws and regulations.
• Adhere to TradeDepot’s Equal Opportunities policy in all activities and to actively promote equality of opportunity wherever possible.
• Keep abreast of all legislation and regulations and ensure TradeDepot’s adherence.
• Any other duties as assigned by the line manager.

Qualifications

• Bachelor's degree in Finance, Accounting, or a related field.
• Proven experience as an Accounts Payable Officer, preferably in the fast-paced FMCG sector.
• Strong understanding of accounting principles and financial regulations.
• Proficiency in accounting software and MS Office, especially Excel.
• Excellent organisational skills with an eye for detail.
• Strong communication and interpersonal abilities.
• Ability to multitask, prioritise, and work under tight deadlines.
• A high degree of accuracy and integrity.

Application Closing Date
26th August, 2024.