Simangele Sithole
Chief Accounts Payable Administrator
Johannesburg
Summary
Detail-oriented and results-driven Chief Accounts Payable Administrator with 6 years of experience in overseeing and managing accounts payable processes. Proven track record of optimizing efficiency, accuracy, and cost-effectiveness within financial operations. Seeking to leverage expertise in accounts payable management to contribute to the success and growth of the company.
Overview
7
7
years of professional experience
Work History
Chief Accounts Payable Administrator
Transnet SOC Ltd
05.2017 - Current
- Obtain, analyse, validate and verify invoices via three way match, complying with Procure to pay process, Tax Legislation
- Create or edit payment proposal.
- Perform monthly creditor's statement reconciliation accounts
- Follow up on all reconciling items to ensure all accounts are fairly stated
- Create accruals/provisions for any income or expenditure account not accounted for in a specific accounting period
- Ensure that all internal financial controls are in place that will identify and eliminate fraud or duplication of transactions
- Communicate with all relevant internal and external clients to ensure they comply with the company's financial policies and legislations
- Ensure that the purchase order is correctly completed and approved by the respective Manager, and that the correct supplier and general ledger accounts have been inserted
- Ensure that original invoices are attached with the invoice checklist and purchase orders
- Liaising with suppliers regarding outstanding invoices
- Provide/Inform suppliers on electronic payments made, by emailing proof of payments
- Assist in resolving internal and external audit queries.
- Developed strong relationships with vendors, facilitating open communication for effective issue resolution.
- Reconciled vendor statements monthly, identifying errors and resolving discrepancies promptly.
- Assisted in month-end closing procedures, ensuring timely completion of financial statements.
- Maintained internal controls through adherence to company policies and procedures surrounding invoice processing.
- Supported annual audits by providing comprehensive documentation and assisting auditors with inquiries related to accounts payable transactions.
- Reduced late payment fees by closely monitoring due dates and prioritizing payments.
- Implemented a paperless filing system, reducing physical storage needs and increasing document accessibility.
- Proactively identified opportunities for process improvements within the Accounts Payable department.
- Facilitated timely approvals of invoices by proactively communicating with department managers regarding outstanding items awaiting approval or clarification.
- Improved accuracy in expense reporting by conducting thorough reviews and verification of receipts submitted by employees.
- Maintained accurate financial records with diligent data entry of invoices and expense reports.
- Updated and maintained aging report to facilitate payments
- Reconciled invoices and purchase orders and updated databases accordingly.
- Liaised with vendors to communicate payment status.
- Produced detailed financial reports to inform management and stakeholders.
Education
Bachelor Degree in Financial Accounting - Accounting And Finance
University of South Africa
Johannesburg, South Africa 04.2001 -
End-User Computer - Microsoft Office
PC Training
Johannesburg, South Africa 04.2001 -
Higher Certificate in Economics And Management -
University of South Africa
04.2001 -
Post Graduate Diploma in BA - Currently
University of South Africa
Johannesburg, South Africa 04.2001 -
Skills
Computer literate
Vendor relationship skills
Attention to detail and accuracy
Professional integrity
Microsoft Office proficiency
Audit Support
Accounts Payable Software
Financial Reporting
Personal Information
- Date of Birth: 01/29/89
- Gender: Female
- Nationality: South Africa
References
- Nava Seleke (AP Manager), 066 409 3818, Transnet
Timeline
Chief Accounts Payable Administrator
Transnet SOC Ltd
05.2017 - Current
Bachelor Degree in Financial Accounting - Accounting And Finance
University of South Africa
04.2001 -
End-User Computer - Microsoft Office
PC Training
04.2001 -
Higher Certificate in Economics And Management -
University of South Africa
04.2001 -
Post Graduate Diploma in BA - Currently
University of South Africa
04.2001 -