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Financial Services Coordinator

3 weeks ago

Taguig, National Capital Region, Philippines DKSH Scientific Solutions Full time

About the Job

DKSH Scientific Solutions is seeking a highly skilled Financial Services Coordinator to join our team. In this role, you will be responsible for coordinating and supervising accounts payable accounting and reporting.

About the Role

This role involves implementing processes and internal controls to ensure governance over the Accounts Payable function. You will work closely with internal stakeholders to monitor payment efficiency and changes in vendors' payment terms.

Key Responsibilities

  • Support superior in managing day-to-day operating expenditures against operating budgets to ensure efficient usage of resources.
  • Implement accounts payable processes and internal controls to ensure governance over the Accounts Payable function.
  • Supervise the recording of all accounts payable and payment transactions to ensure timely and accurate monthly and yearly accounts payable closing. Validate payment reconciliation against invoices/bank records/aging.
  • Support the preparation of the monthly accounts payable and payment status reports for accountability purposes. Track payment progress and analyze key expenditures to monitor cash outflows.
  • Supervise the maintenance of the database containing vendors' details (payment terms, bank account details, etc.) for payment processing reference. Update payment terms and other agreements with external vendors.
  • Coordinate and execute continuous improvement initiatives to streamline existing accounts payable processes and improve efficiencies through better utilization of automated systems.
  • Work closely with internal stakeholders in monitoring payment efficiency (e.g. creditors turnover, etc.) and changes in vendors' payment terms.