• Review the Due/overdue payments in the system
• Check the available cash in the bank and weekly expected balance
• Review payment plan (on weekly basis)
• Review the advance payments request in the system received from Supply chain
• Review the actual payments prepared by AP team, Check invoices, overdue, clearing, bank amount, PO,GR. Etc. related to the payment
• Initiate the payment in the bank system/manual payment,
• Monitoring GR / IR reports VS the invoices on weekly basis,
• Review and approve opening new vendor in the system entered by Supply chain (bank details, credit term and amount, VAT, CR, Etc.),
• For monthly closing purposes Complete outstanding records for expenses/invoices,
• Review the monthly reports (Advance payments
• -CAPEX and OPEC-, AP aging, open items, etc.,
• Monitoring the KPIs for the AP section like, WC, early discount payment, etc.,)
• Monthly reconciliation of AP balances and ensure cover all suppliers at year end,
• Prepare analysis reports for supplier (cost price, nature, expenses, petty cash expenses, Etc.,)
• Assist other sections, departments with monthly closing,
• Ensure Clear all the payments against the related invoices in the system.
• Coordinating with auditors and providing supporting documentation for audits.
• Prepare related party movements during the year.
• Prepare reconciliation of the ledgers and sub ledgers.
• Analysis Logistic expenses by transporter.
• Supporting Supply Chain for their expenses.
• Add hock reports/requirement.
• Review monthly closing check list and meet the dead line.