Accounts Payable Officer

Job Description

The Accounts Payable Officer is responsible for managing and processing the company’s outgoing payments in an accurate, timely, and compliant manner.

This includes verifying vendor invoices, preparing payment schedules, reconciling accounts, as well as maintaining strong internal controls to support Smartcash PSB’s financial integrity and regulatory compliance.

Responsibilities

Review and process all vendor invoices, staff retirements, and payment requests in line with internal policies and regulatory requirements (e.g. CBN, NDIC).

Ensure timely and accurate preparation of payment vouchers, bank transfers, and cheques.

Maintain the accounts payable ledger, ensuring proper classification and documentation of all expenses.

Reconcile vendor statements and resolve any discrepancies with suppliers and internal departments.

Assist in month-end and year-end closing activities, including accruals and audit schedules.

Monitor compliance with approved budgets and escalate variances where necessary.

Collaborate with procurement and other departments to ensure proper documentation and approvals.

Maintain proper records of withholding taxes and ensure timely remittance to FIRS and relevant state tax authorities.

Support internal and external audits by providing required documentation.

Participate in process improvements to increase efficiency and strengthen internal controls.

Financial Dimensions

Payment accuracy rate-98%

Cost control

Other Dimensions:

Timeliness and accuracy of payment processing

Number of payment or posting errors

Vendor and tax compliance rate

Aging of account payable.

Industries:Telecommunications

Function: Accounting and Finance