Accounts Trainee-Payments Coordination

Key Responsibilities:

• Payment Processing: Assist in processing payments, including verifying invoices, preparing payment documents, and ensuring accuracy and completeness of payment information.
• Payment Coordination: Collaborate with internal departments to gather payment approvals, resolve discrepancies, and ensure timely payment submissions.
• Vendor Management: Maintain positive relationships with vendors, respond to their payment inquiries, and address any concerns or issues related to payments.
• Accounts Reconciliation: Reconcile payment records with bank statements and accounting systems to ensure accuracy and identify discrepancies if any.
• Payment Tracking: Monitor payment schedules and deadlines to ensure timely payment processing, preventing any payment delays or penalties.
• Documentation Management: Maintain organized and up-to-date payment-related documentation, including invoices, receipts, and payment records.
• Compliance: Ensure compliance with internal policies, accounting standards, and regulatory requirements in all payment-related activities.
• Communication: Communicate with suppliers, vendors, and internal stakeholders regarding payment-related matters, providing timely and accurate information.
• Reporting: Assist in generating reports related to payment activities, outstanding payments, and payment trends as required by management.