The Financial Shared Representative is responsible for accurate and timely processing of accounts payable payments according to established internal policies, process, and work instructions.
KEY DUTIES & RESPONSIBILITIES
Accounts Payable Processing
- Processes accounts payable payments in accordance to established processes
- Communicates with concerned parties such as business, sourcing, and suppliers to follow up, clarify information or resolve disputes (i.e. payment not made on time). Escalates to management, where required
- Liaises with business unit leaders to obtain approval for invoices and payments
- Handles scanned documentations and captures missing invoice data
- Reviews documents for compliance and completeness against established requirements. Identifies non-compliant items and missing information and obtains information to ensure compliance to established procedures and requirements. Cancel and reject invoices to the supplier for invoices that do not meet requirements.
- Ensures appropriate accounting codes to the documents according to business unit and expense/cost element type
- Ensures correct mathematical calculations – additions, subtractions, multiplication and divisions – to verify for mathematical accuracy. Identifies errors and liaises with appropriate concerned parties for resolution. Escalates where required
- Validates accounts payable documentations against supporting documentations to ensure accuracy and completeness. Identifies and resolves issues and discrepancies in transactional accounting. Liaises with concerned parties and management for resolution
- Handles validation, matching, coding and approval exceptions. Liaises with business unit leaders to obtain approval exceptions
Enters accounts payable transactions into accounting systems
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Payment Process
- Processes payments on a timely basis and in accordance to policy, process, and work instructions.
- Ensures proper payment authorization
Safeguard payment documents
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Vendor Set up Process
Processes vendor set up requisitions and ensures proper approval and set up.
Audit Support
Files, maintains and retrieves documentations for audit support
- Community college diploma preferably in accounting with up to three years of related experience
- Clerical accounting/accounts payable work experience
- Understanding of sales tax rules
- Ability to execute work according to established procedures
- Ability to identify and resolve accounts payable issues and discrepancies
- Ability to perform basic mathematical calculations – addition, subtraction, multiplication and division, along with ability to identify inaccuracies in data
- Ability to process a high volume of data keying requiring strong attention to detail and accuracy
- Ability to communicate effectively with others for the purpose of data exchange, clarification and dispute resolution
- Ability to exercise judgment
Proficient with accounting systems, MS Office Excel and other MS Office software applications along with ability to quickly learn other information systems and software applications
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Licenses and/or Professional Accreditation
This is a regular, full-time position with a salary range of $44,303 - $52,121 per annum. The starting salary will be based on the successful candidate’s competencies, including but not limited to experience, education and performance related to this role.
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