Finance Analyst - Accounts Payable (Contract)

Finance Analyst - Accounts Payable (Contract)

Main Purpose of Job: The Finance Analyst plays a critical role in providing financial decision-making information by collecting, analyzing, investigating, and reporting financial data. Through process improvements, the Finance Analyst will assist the organization with investing and improving overall financial practices within the accounts payable function. Working as an integral member of the Finance team, the Finance Analyst will help the organization by tracking current trends, processes and forecast future cashflow needs.

The incumbent will be responsible for updating job knowledge and professional qualifications by keeping current with financial regulations and accepted practices; participating in educational opportunities; reading professional publications; maintaining personal networks; and maintaining continuing education requirements of the relevant professional qualifications.

The ideal candidate must be mature, level-headed, dedicated and committed to developing a top-notch Finance department within a fast-paced, collaborative, team-oriented environment. Forward thinking, technology driven, Attention to detail, accuracy, consistency and confidentiality are extremely important.

Key Duties and Responsibilities:

• Assists in the development, documentation and maintaining appropriate controls and procedures for the accounts payable function.
• Provides technical assistance, training and advice and share best practices related to the AP function to cross-functional departments.
• Performs and review accounting, cost allocation, vendor reconciliations and analytical data related to the efficient maintenance and processing of accounts payable transactions according to the company’s policy, accounting best practices, and adhering to all standard operating procedures.
• Process payments via the companies online banking platforms, ERP system and prepare cheques as required.
• Completes month-end closing reviews, procedures and corrections as needed. This includes reconciliations of the Accounts Payables general ledger accounts to the related subledger accounts identifying variances, performing required follow up and ensuring accurate and timely reconciliations.
• Generate and prepare weekly and monthly Power BI analytical reports for operational and senior management.
• Reconciles unpaid supplier balances and request statements from key suppliers to confirm outstanding amounts.
• Assists in payment forecasting and planning methods using the ERP system.
• Prepares standard and recurring journal entries, accruals and prepaid schedules with supporting working papers for analytical review and audit.
• Assists in maintaining the accounts payables database and provide users access to the relevant functions.
• Reviews and processes all travel and credit card expenses statements in compliance with the Group’s standards and policies.
• Investigates and resolves internal and external vendor queries with commitment to customer service and fostering effective supplier/distributor relationships.
• Co-ordinate and participate in the development and interpretation of enhanced finance related methods and systems to ensure consistency with accounts payable standard operating procedures.
• Monitors and ensures key performance indicators inclusive of Days Payables Outstanding (DPO) are achieved and develop improvement action plans to maintain KPIs.

Required Qualifications:

• ACCA qualified or equivalent.
• At least five (5) years’ experience in a similar role.
• Experience in an SAP environment would be asset.
• Competent in Microsoft Office Suite of applications.