Payables Accountant at KPMG

    Lagos State
    Posted 7 months ago

    Job ID: 150671BR
    Service Line: Finance & Accounting
    Job Level: Associate / team member
    Contract Type: Permanent
    Full Time / Part Time: Full Time

    Job Summary

    • The Finance and Accounts team in KPMG Nigeria is responsible for recording, preparing and presentation of the financial report of the firm’s activities.
    • The role – Management of all processes associated with accounts payable

    Specific Duties and Responsibilities

    • Maintain a record of all vendors’ invoices and payments
    • Maintain a record of inter-firm billings and payments
    • Process all vendors’ payments and staff’ claims in accordance with the firm’s policy
    • Ensure prompt recording and/or application of payments of accounts payable into the General Ledger, including inter-firm billings
    • Responsible for monitoring and controlling the accruals system
    • Maintain record of WHT deductions from Vendors and ensure remittance to the appropriate authorities (LSIR & FIRS)
    • Responsible for computing WHT on rent and remittance to appropriate authorities
    • Responsible for monthly reconciliation of accounts payable to the general ledger
    • Responsible for monthly reconciliation of inter-firm balances to the general ledger
    • Prepare monthly reconciliation statement for key vendors
    • Prepare monthly reconciliation statement for key KPMG offices
    • Maintain appropriate contact with key KPMG offices on inter-firm billings related matters
    • Maintain appropriate contact with key finance officers on all vendors’ related matters
    • Provide input on inter-firm billings to the Financial Accountant for IHQ reports
    • Liaise with procurement units on vendor related matters and resolve all issues
    • Provide daily accounts payable information for cash management purposes

    Backup Arrangement:

    • The Treasury Accountant will take up all the duties and responsibilities of the Payable Accountant when absent.

     Job Requirements

    • B.Sc. Accounting or its equivalent (Second-Class Upper Division)


    • 2-3 years of relevant experience
    • Conversant with Vendor management system and best practices


    • Knowledge of Generally Accepted Accounting Principles (GAAP)
    • Good understanding of local accounting principles
    • Good Accounting skills
    • Good understanding of WHT and VAT.
    • Knowledge of basic information technology/Microsoft office tool
    • Good organisation skills
    • Good level of attention to details
    • Ability to work effectively under pressure.
    • Good communication and interpersonal skills
    • Maturity and tact

    Key Performance Indicators:

    • Capturing services not yet paid for 100% through the accrual system
    • Speed of processing and releasing payments to vendors according to agreed terms
    • Accuracy of inter-firm payable balances
    • Accuracy of vendor’s payable balances
    • Availability of daily accounts payable information not later than 11am of the following day
    • Availability of monthly reconciliation statement of accounts payable not later than the 20th day of the following month
    • Availability of monthly reconciliation statement of inter-firm balances not later than the 20th day of the following month
    • Collection of WHT receipts on Vendors’ payable not later than 2months form date of remittance
    • Timeliness of resolution of disputed balances by vendors and / or KPMG offices
    • Accuracy of inter-firm billings into IHQ report.

    Method of Application

    Note: Only shortlisted candidates will be contacted.

    Interested and qualified? Go to KPMG on to apply

    Job Features


    2 - 3 years

    Apply Online