Account Direct Payables Associate at Food Concepts Plc

Never Miss a Job Update Again. We have started building our professional LinkedIn page. Company: Location: NigeriaState: Job type: Full-Time Job category: Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionize the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders. Since launching in 2004, Chicken Republic (Subsidiary of Food concepts) has already opened 55 stores in Nigeria and Ghana.

On this basis, we are proud of the brand’s hard-earned reputation as the fastest growing chicken QSR in West Africa and the number 1 chicken QSR in Nigeria (both in revenues and number of outlets). In addition, Chicken Republic was ranked as one of Nigeria’s top 20 brands across all categories (Financial Standards Awards 2009). We Are Recruiting To Fill The Position BelowJob Title: Account Direct Payables AssociateRequisition ID: 1944Location: Mushin, LagosJob type: Full-timeDepartment: Finance DepartmentJob PurposeTo process all invoices received for payment and for undertaking the payment of all creditors in an accurate, efficient and timely manner.

Financial TransactionsCore Responsibilities and Key Result AreasProcess accounts and incoming invoices in compliance with financial policies and proceduresPerform day to day financial transactions, including verifying, classifying, computing, posting and recording accounts payable dataPrepare bills for Franchise Royalty Invoices , Franchise Marketing invoices and all sundry invoice requestsApply payments from franchises to their GL and ensure monthly reconciliation of franchise receivables. Book all cash advance requests and cash advance retirements.

Reconcile the payable GLs to the ageing reports and other relevant scheduleVerify discrepancies and resolve suppliers’ billing issuesFacilitate payment of vendor invoices by sorting and transmitting due invoices for the payment team. Prepare weekly cash advance reportsPrepare weekly outstanding franchise invoices reportPrepare weekly creditors ageing reportBookkeeping And ReportingGenerate financial reports detailing accounts payable and receivable statusPost transactions to the Financial Reporting SystemInitiate journal records for Franchise paymentsGenerate weekly report of due unretired cash advances.

Key Performance IndicatorsTimeliness of Franchise invoicingTimeliness of posting payment request docketsAccuracy of weekly reports (vendors’ ageing report, cash advance reports and Franchise receivable invoices)Number of invoices processes per dayPercentage of invoice exceptions per audit journalsMaintenance of good relationship with suppliersJob SpecificationsEducational RequirementsA good first degree in Accounting or FinanceProfessional RequirementsMembership of ICAN, ACCA, or any other related professional degree is an added advantageExperience RequirementsMinimum of 4 years’ experience in a similar role is required.

Knowledge RequirementsKnowledge of Basic Bookkeeping and accounting payable principlesKnowledge of managing accounting figures and financial recordsDemonstrates data entry skills with a knack for numbersKnowledge of accounting softwareDecision ExpectationsFacilitate payment of invoices dueGenerate financial statements and reports detailing accounts payable statusEnsure timely entry of invoices for paymentSupport other accounting functionsWorking ConditionsJobholder typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work. This role is largely office-based, and requires the job holder to strongly pay attention to detail. Like other accounting positions, it involves a lot of papers and documents.

Job role holder needs to have a well-organized system to match the right documents to the right files and payments. Additionally, prioritizing payments based on due dates, amounts and the relationship with the payee is important. Application Closing DateNot Specified. Don't Keep! Kindly Share: