The AP/AR officer is responsible for various duties relating to maintaining accurate and current accounts payable and accounts receivable, including data entry, generating statements, and timely communicating with appropriate stakeholders regarding the status of accounts payable and accounts receivable, and related information for identifying past due accounts.
The Position
Accounts Receivables : the key role is to ensure the company receives payments for goods and services and records these transactions accordingly, effectively securing revenue by verifying and posting receipts, and resolving any discrepancies in a timely and efficient manner.
Accounts Payable : the key role is to complete payments and control expenses by scheduling payments, processing, verifying, and reconciling invoices, effectively ensuring the day-to-day management of all payment cycle activities in a timely and efficient manner.
Accountabilities:
Manages all activities from invoices received/issued to payments/receipts and update of trading and financial system
Maintain accurate financial records of payables/receivables transactions
Collaborate with internal stakeholders (front office, operations, treasury, credit, and risk) to improve processes and influence the right financial outcomes
Duties:
Ensures timely payments of vendor invoices and expense vouchers and timely updates to the trading and financial systems
Keeps track of all payments and expense invoices and statements
Closely monitor receivables against due dates and report on potential overdues on a timely basis
Maintain accounts receivable files and records in the trading and financial systems
Reconciles processed work by verifying entries and comparing system reports to balances
Prepares analyses of accounts and produces monthly reports
Responds to stakeholders' inquiries swiftly
Proactively engages with stakeholders to implement improvements to the payment and receivables processes#J-18808-Ljbffr