Associate Manager - Account Payables & Payments

D360 Bank

The role is responsible for managing the accounts payable process, ensuring timely and accurate payments to vendors, suppliers, and service providers. He/she plays a vital role in maintaining smooth financial operations, ensuring compliance with company policies, and supporting the overall efficiency of the financial team. He/she supporting the company's fixed assets accounting processes, ensuring accurate and compliant financial reporting. He/she is responsible to track all fixed asset transactions and ensure the prescribed process as laid down in all policies and guidelines relating to fixed assets are adequately followed through till completion. This role requires attention to detail, effective communication skills, and a strong understanding of financial processes.

Responsibilities

• Assist with the monthly reporting requirements related to fixed assets, including tracking asset additions, disposals, and depreciation.
• Support the preparation of fixed asset-related journal entries and balance sheet reconciliations to ensure the accuracy of financial statements.
• Monitor and review construction-in-progress (CIP) accounts on an ongoing basis to ensure that assets are properly classified and capitalized once the construction is completed.
• Prepare and input fixed asset-related journal entries to maintain the integrity of the asset records.
• Ensure accurate depreciation calculations and adjustments in accordance with accounting standards and tax regulations.
• Respond to requests for fixed asset information from Corporate, Internal Audit, and other internal management teams in a timely and efficient manner.
• Fixed Asset Accounting with journal entries preparation/input and balance sheet reconciliations
• Assist in performing monthly reconciliations for fixed asset-related accounts on the balance sheet, ensuring consistency and accuracy.
• Investigate discrepancies and resolve issues in collaboration with internal stakeholders.
• Provide analytical support related to fixed assets for the company.
• Work closely with cross-functional teams such as Finance, Tax, Internal Audit, and Operations to ensure accurate and efficient fixed asset management and reporting.
• Perform any other duties assigned to by line manager related to the nature of the work
• Enforce, incorporate, and comply with all necessary controls and related information security policies, procedures, practices, training, reporting, personal due diligence and vigilance, within departmental/unit activities and operations.