Food Concepts commenced operations in 2001. From inception, our aim has been clear-cut and focused: to revolutionise the food sector in West Africa and to deliver extraordinary satisfaction to our stakeholders. The journey began with our pioneering of the food court concept in Nigeria – a new and exciting offering for the local market.
Indirect Payable Associate
- Job Type: Full Time
- Qualification: BA/BSc/HND
- Experience: 4 years
- Location: Nigeria
- Job Field: Finance / Accounting / Audit
Job Purpose
- To process all invoices received for payment and for undertaking the payment of all creditors in an accurate, efficient and timely manner.
Core Responsibilities and Key Result Areas
Financial Transactions
- Assist QSR Finance Manager in coordinating the payable unit functions.
- Process accounts and incoming invoices in compliance with financial policies and procedures
- Perform day to day financial transactions, including verifying, classifying, computing, posting and recording accounts payable data
- Prepare bills for Franchise Royalty Invoices, Franchise Marketing invoices and all sundry invoice requests
- Apply payments from franchises to their GL and ensure monthly reconciliation of franchise receivables.
- Book all cash advance retirements.
- Reconcile the payable GLs to the ageing reports and other relevant schedule
- Verify discrepancies and resolve suppliers’ billing issues
- Facilitate payment of vendor invoices by sorting and transmitting due invoices for the payment team.
- Post and match all payments by franchisees (joining fee, marketing and royalty income)
- Perform periodic account reconciliations with suppliers.
- Reconcile sales of used oil and book entries per store location.
Bookkeeping and Reporting
- Generate financial reports detailing accounts payable and receivable status
- Post transactions to the Financial Reporting System
- Initiate journal records for Franchise payments
- Generate weekly report of due unretired cash advances
Reporting:
- Prepare and publish, weekly reports of unretired advances to suppliers and staff.
- Prepare and publish, weekly outstanding franchise invoices report
- Prepare and publish, weekly creditors ageing report
Supervisory
- Ensure tasks is fairly distributed among the payable team to ensure efficiency and speed of service.
- Ensure new team members are provided relevant guidance on unit’s operational procedures and well and continuous coaching of junior colleagues.
- Key Performance Indicators
- Timeliness of Franchise invoicing
- Timeliness of posting payment request dockets
- Accuracy of weekly reports (vendors’ ageing report, cash advance reports and Franchise receivable invoices)
- Number of invoices processes per day
- Percentage of invoice exceptions per audit journals
- Maintenance of good relationship with suppliers
Knowledge Requirements
- Knowledge of Basic Bookkeeping and accounting payable principles
- Knowledge of managing accounting figures and financial records
- Demonstrates data entry skills with a knack for numbers
- Knowledge of accounting software
Job Specifications
- A good first degree in Accounting or Finance
- Membership of ICAN, ACCA, or any other related professional degree is an added advantage
- Minimum of 4 years’ experience in a similar role is required
Method of Application
Interested and qualified? Go to Food Concepts Plc on career2.successfactors.eu to apply