Disbursement Accountant 19 views

URGENT VACANCY FOR

Disbursement Accountant

METI Trading Plc is looking for a disbursement accountant who is confident, dynamic, innovative, and forward-thinking approach to their work. Therefore, we would like to invite qualified applicants as per the detailed job description stated in the following vacant position. Only qualified candidates will be communicated.

Job Summary

The Disbursement Accountant is responsible for managing and processing the organization’s outgoing payments in an accurate, timely, and compliant manner. The position ensures that all payment transactions are properly verified, authorized, recorded, and reconciled according to the company’s financial policies, accounting standards, and regulatory requirements. The role also supports financial reporting, cash management, and audit activities while maintaining proper documentation of all disbursement transactions.

Requirement Information

Category: Accounting and Finance;

Reports To: Finance Manager / Chief Accountant;

Employment Type: Full time/ Permanent

Sex: Female employee;

Detailed Job Description / Duties and Responsibilities

Payment Processing and Verification

• Review payment requests, invoices, purchase orders, and supporting documents for completeness and accuracy.
• Ensure all payments are properly approved in accordance with company policies and authorization limits.
• Process supplier payments, staff reimbursements, utility payments, tax payments, and other operational expenses.
• Prepare checks, bank transfer instructions, payment vouchers, and cash disbursements.
• Verify arithmetic accuracy and account coding before processing payments.

Accounting and Record Keeping

• Record all disbursement transactions in the accounting system accurately and timely.
• Maintain proper filing and documentation of payment records and supporting documents.
• Ensure accurate posting of expenses to the appropriate general ledger accounts.
• Maintain updated schedules of payable accounts and outstanding payments.

Bank and Cash Management

• Assist in managing petty cash transactions and replenishments.
• Reconcile bank statements with payment records regularly.
• Monitor cash balances and report cash flow requirements to management.
• Coordinate with banks regarding payment transfers and related financial transactions.

Compliance and Internal Control

• Ensure compliance with company financial procedures, accounting standards, and government regulations.
• Maintain confidentiality and security of financial information and records.
• Support internal and external audit activities by providing required documentation and explanations.
• Identify payment discrepancies and assist in resolving financial issues promptly.

Reporting and Coordination

• Prepare periodic disbursement and expenditure reports.
• Provide financial information and payment status updates to management when required.
• Coordinate with procurement, HR, administration, and other departments regarding payment matters.
• Assist in month-end and year-end financial closing activities.

Other Duties

• Participate in improving financial procedures and internal control systems.
• Perform other related duties assigned by the Finance Manager or immediate supervisor.

Job Requirements and Specifications with Professional Experience and Competency

Educational Qualification

• Bachelor’s Degree in Accounting, Finance, or related field.

Technical Knowledge

• Knowledge of accounting principles and financial procedures.
• Familiarity with tax regulations, payroll deductions, and financial compliance requirements.
• Understanding of bank reconciliation and accounts payable processes.
• Proficiency in Microsoft Office applications, especially Excel.

Required Skills

• Strong numerical and analytical skills
• High level of accuracy and attention to detail
• Excellent organizational and record-keeping skills
• Good communication and interpersonal abilities
• Time management and ability to meet deadlines
• Problem-solving and decision-making skills
• Ability to work under pressure with minimum supervision
• Strong computer and accounting software skills

Required Behaviors and Competencies

• Integrity and honesty
• Professionalism and accountability
• Confidentiality in handling financial information
• Team-oriented attitude
• Commitment to organizational policies and procedures
• Proactive and result-oriented approach
• Reliability and dependability
• Ethical conduct and transparency

Working Conditions

• Office-based working environment
• May require extended working hours during financial closing periods or audits

Work Experience

• Minimum of 2–4 years of relevant experience in accounting, finance, or disbursement management.
• Experience in ERP/accounting software and computerized accounting systems is advantageous.