Finance Officer – Account Payable at ABSA November 2025
Job holder is responsible for ensuring that all vendor invoices and staff reimbursements are prepared and processed accurately, efficiently, and in accordance with Absa bank’s policies, and all required regulations.
Job holder will be directly responsible for effective cost accounting by ensuring cost are accurately booked and accounted as per required accounting standards and regulations.
The jobholder also maintains the Head Office creditors’ payments (accounts payable) and the Bank’s fixed assets system.
Work closely with the Financial controller and provide support during auditing exercise.
Key Responsibilities:
Account payable activities and reporting:
- Maintain sound control and process flow of the vendors’ invoice processing under accounts payable.
- Daily processing of the vendors’ invoices for payments
- Follow up on the status of the unapproved invoices in the system and advice financial controller on the issues on cockpit.
- Preparing and processing cash advances to staff and retirements as and when requested, in alignment with bank’s policy.
- Managing and processing branch expenditures and corporate credit cards as per bank’s policy and procedures.
- Monthly preparation of the amortization entries for prepaid expenses
- Preparing monthly accruals journals for major costs
- Periodical review of the cost accruals against actual costs booked in a month
- Maintain accurate and organized accounts payable records and documentation.
- Communicate with vendors and internal departments to address queries and payment issues.
- Contribute to process improvements to enhance efficiency and accuracy in payable operations.
- Assisting financial controller in month end closing process
- Work closely with CRES and IT and assist in processing all fixed assets related items
- Perform GL accounts reconciliations for all accounts attached to Accounts payable activities including the payments control account as per bank’s policy
- Support audits by providing required documentation and reconciliations
- Any other duties as directed by the line manager
Key Responsibilities:
Account payable activities and reporting:
- Maintain sound control and process flow of the vendors’ invoice processing under accounts payable.
- Daily processing of the vendors’ invoices for payments
- Follow up on the status of the unapproved invoices in the system and advice financial controller on the issues on cockpit.
- Preparing and processing cash advances to staff and retirements as and when requested, in alignment with bank’s policy.
- Managing and processing branch expenditures and corporate credit cards as per bank’s policy and procedures.
- Monthly preparation of the amortization entries for prepaid expenses
- Preparing monthly accruals journals for major costs
- Periodical review of the cost accruals against actual costs booked in a month
- Maintain accurate and organized accounts payable records and documentation.
- Communicate with vendors and internal departments to address queries and payment issues.
- Contribute to process improvements to enhance efficiency and accuracy in payable operations.
- Assisting financial controller in month end closing process
- Work closely with CRES and IT and assist in processing all fixed assets related items
- Perform GL accounts reconciliations for all accounts attached to Accounts payable activities including the payments control account as per bank’s policy
- Support audits by providing required documentation and reconciliations
- Any other duties as directed by the line manager
- Good knowledge of the bank’s products
- Fair knowledge of the accounting software (System operations) – SAP, Core banking etc
Specific requirements
(Qualifications/experience)
- Advanced Diploma or bachelor’s degree in accounting, Finance, or related field.
- Experience in accounts payable or general accounting.
- Professional certification (CPA, ACCA)
- Cost accounting skills
Training required
- Product / Service knowledge
- Stakeholders’ management
- Vendors SLA agreements
Personal Attributes
- Team player
- Analysis and judgement
- Proactive
- Information gathering
- Thoroughness
- Business awareness
- Persuasive
- Good communication, report writing and presentation skills.
- Quality conscious
- Adaptability
Education
National Diplomas and Advanced Certificates: Financial Sciences (Required)
How to Apply:
