Assistant Accountant – Payables at CIC Insurance

About the Role

Reporting to the Group Head of Financial Controls and Governance, the role holder will be responsible for day to day transactional processes as well as periodic (monthly, quarterly and annual) financial closing procedures within the Account Payable functionality.

Key Responsibilities


Ensure payments are made to suppliers consistently, accurately and within credit terms. This requires verification of supplier's invoices against
contract terms and other agreements(if any) before processing into the supplier's ledgers.
Review suppliers' transactions for completeness and accuracy. This includes ensuring that suppliers invoices and the requisite supporting documentation is properlyauthorizeded for payment processing.
Prepare suppliers invoices allocation schedules and ensure that operating expenses are allocated to the right cost centers based on the agreed allocation criteria.
Prepare payment vouchersand follow up for prompt authorization.
Set up, monitor and perform supplier reconciliationsfor major suppliers on a monthly basis.
Prepare and maintain accruals and prepayment schedules.
Support the monthly accounting closing process to ensure accurate and timely financials. This entails ensuring that end month accruals and prepayment journals are prepared and approved.
Respond promptly tosupplier queries on invoices and payments
Maintain the vendor/supplier files and monitor the accounts to ensure payments are up to date.
Prepare and process tax and statutory cheques/EFTstimely to avoid penalties.
Prepare and disburse accounts payable cheques or upload payment transactions to the online banking platforms for approvals and subsequent release.
Support internal and external audit processes. This will also include supporting compliance reviews and statutory reviews.
Any other duty that may be allocated by the supervisor.


Who We're Looking For

Essential Knowledge/Skills and Experience Required:


Bachelor's degree in a business-related field.
1 to 3 years relevant experience in a busy accounting office.
Pursuing CPA certification with at least having passed the intermediate level.