Accounts Payable Analyst
CIMB Bank Philippines
- Taguig, Philippines28th Floor ORE Central, 31st Street , Taguig, Metro Manila, PhilippinesTaguigMetro ManilaPhilippinesPhilippines
- Full timeFULL_TIME
Job closed.
Job Description
Key Responsibilities:
- Receive and track all vendor invoices by updating invoice tracker, logging pertinent invoice details.
- Review invoices and nature of expenses and ensure received AP form and related attachments are complete and accomplished accurately by the respective departments.
- Endorse invoices to respective departments for review and approval in a timely manner.
- Ensure all necessary documentary requirements are complete and HOD approvals are secured prior to endorsement to Finance Manager.
- Receive invoices approved by the CEO for payment and consequently update the payment register.
- Prepare Letter of Instructions ensuring that pertinent payment/supplier details are properly documented.
- Ensure that Creditable Withholding Tax Certificate (BIR Form 2307) are prepared for payments where the Bank is required to withhold.
- Release approved Letter of Instructions to partner bank for payment processing.
- Liaise with partner bank for payment confirmation and other payment related concerns.
- Prepare journal entries for successfully processed payments for posting in GL system and ensure that journal entries are complete and accurate.
- Ensure that expenses are properly charged to the correct responsibility center and GL account.
- Handle concerns on check releasing process, outsourced to partner bank.
- Ensure that all controls are properly observed/executed in all levels of payment processing (controls on double payment, incorrect payee name/account number, etc.).
- Prepare weekly report on outstanding invoices, highlighting invoices near due date and those which are past due. Escalate near due, past due transactions, and other issues on a timely manner.
- Liaise with suppliers for inquiries/payment concerns such as payment details, status/tracking, confirmation, etc.
- Correspond internally with the Bank’s various departments for payment related inquiries.
- Maintain all necessary payment documentation through proper filing and ensure that documentations are complete and available for review/audit.
- Project the Bank’s value by keeping information confidential.
- Perform ad hoc duties as assigned
Minimum Qualifications
Minimum Qualifications:
- Preferably with Accounting, Finance, Business, Economics, or other related management degrees
- Work experience in accounts payable or payments is an advantage
- Knowledge of general accounting, regulatory, and financial reporting standards
- Proficiency in MS Office applications particularly excel spreadsheets
- High degree of accuracy and attention to detail
- Strong analytical/critical thinking, communication and problem solving skills
- Excellent data and file management skills
- Ability to work independently or as a team
Jobs Summary
- Job Level
- Entry Level / Junior, Apprentice
- Job Category
- Accounting and Finance
- Educational Requirement
- Bachelor's degree graduate
- Recruiter response to application
- Once in a while
- Office Address
- 31st Street, Taguig, Metro Manila, Philippines
- Industry
- Banking/Financial Institutions
- Vacancy
- 1 opening
About CIMB Bank Philippines
Why We Exist:
The most awarded digital bank in the Philippines.
We entered the Philippines market to spark the future-ready, customer-obsessed transformation in the Banking sector. Since our launch, we have rallied behind the vision of bringing an accessible and seamless banking experience to the consumers while helping them achieve financial freedom. We aim to be the most trusted digital bank for every Filipino.
The People & Culture:
We call ourselves CIMB Mavericks - unique individuals who are thriving in a fast-paced and highly competitive environment. Everyone who joins CIMB Bank is not afraid to own big responsibilities and are very persistent in creating new ways to achieve our goals. Aside from looking after our own successes, we embody malasakit and ensure that we also take care of our colleagues’ feat. Every day we are fueled by our shared purpose. To top it off, we thrive in a modern work environment which allows us to be fun to the core.