Job Summary: The Accounts Payable & CAPEX Accountant is responsible for managing the day-to-day accounts payable functions, processing invoices, ensuring timely payments and tracking capital expenditure. This role requires a detail-oriented professional with strong accounting knowledge, excellent organizational skills, and the ability to communicate effectively with vendors, and internal stakeholders.
Key Responsibilities:
1. Accounts Payable (AP):
- Process and verify vendor invoices, ensuring accuracy, proper approvals, and compliance with company policies and tax regulations.
- Maintain AP ledger, ensuring accurate recording of transactions and timely payments to vendors.
- Reconcile AP accounts, investigate discrepancies, and resolve issues with vendors and internal departments.
- Prepare and process electronic transfers and payments.
- Reconciling vendor tax invoices with recorded tax amounts and ensuring accuracy for GST submission.
- Support month-end close activities related to accounts payable, including account reconciliations and accruals.
2. CAPEX Spending:
- Monitor and track capital expenditure (CAPEX) projects to ensure they are executed within the approved budget and reporting expenditure related to long-term assets.
- Assist in budgeting capital needs for projects and provide insights on capital spend trends.
- Identify qualifying capital expenditure according to accounting standards.
- Capitalize appropriate assets on the balance sheet and ensure correct depreciation methods and useful life estimates are applied.
3. Reporting & Compliance:
- Prepare reports on AP and CAPEX and other relevant financial data as needed.
- Ensure compliance with relevant accounting regulations, internal controls, and company policies.
Qualifications and Experience:
- Bachelor’sdegree in Accounting, Finance, or a related field.
- 2+ years of experience in accounts payable and/or CAPEX management.
- Strong understanding of GAAP and accounting principles related to AP.
- Proficiency in accounting software (e.g., SAP, Oracle, QuickBooks) and Excel.
- Strong attention to detail, organizational, and analytical skills.
- Independent, proactive with a positive and hands-on attitude.
- Excellent communication and interpersonal skills to effectively interact with vendors and team members.
