INDIRECT ACCOUNT PAYABLE OFFICER AT FOOD CONCEPTS PLC | ACCOUNTING JOBS IN LAGOS

About Company:

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).

Job Description:

• 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

• 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 requests and 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.
• Prepare weekly cash advance reports
• Prepare weekly outstanding franchise invoices report
• Prepare weekly creditors ageing report

 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

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

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
Educational Requirements:

• A good first degree in Accounting or Finance

Professional Requirements:

• Membership of ICAN, ACCA, or any other related professional degree is an added advantage

Experience Requirements:

• Minimum of 4 years’ experience in a similar role is required

Decision Expectations:

• Facilitate payment of invoices due
• Generate financial statements and reports detailing accounts payable status
• Ensure timely entry of invoices for payment
• Support other accounting functions

Working Conditions:

• Job holder typically work 40 hours per week, Monday to Friday, although some roles may involve weekend or evening work. 
• This role is largely officebased, 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.

Contacts and Purpose of Contact
Internal Contacts (most frequent contacts):

• Executive Management
• Senior Management
• Middle Management
• Peers.

External Contacts (most frequent contacts):

• Service Providers/ Vendors
• External and Regulatory Auditors
• Franchise.

Purpose of Contact:

• Exchange or provide information
• Obtain, clarify, and discuss information
• Present, discuss information and problems
• Collaborate, negotiate and present ideas
• Deal with, influence or motivate subordinates
• Promote, justify or settle highly sensitive matters.

Salary

Application Closing Date: Not specified

Application Instructions:

CLICK ON THE LINK BELOW TO APPLY