Indirect Payable Associate at Food Concepts Plc

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

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