Accounts Payable Specialist
2 weeks ago
The TP ICAP Group is a leading provider of market infrastructure, aiming to provide clients with access to global financial and commodities markets. Our purpose is to improve price discovery, liquidity, and data distribution through responsible and innovative solutions. We connect clients to superior liquidity and data solutions through our people and technology.
As an Accounts Payable Officer, you will play a crucial role in ensuring the smooth operation of our financial processes. Your responsibilities will include verifying invoices, preparing vendor payments, reviewing staff expenses, and ensuring timely reimbursement. You will also be responsible for addressing vendor and staff queries, applying the expenditure framework, and liaising with procurement and accountants. Additionally, you will perform reconciliation from the AP module to the GL module and close the Accounts Payable period in Oracle on a monthly basis.
Key Responsibilities:
- Verify invoices for cost allocations, coding, and approval before entering the system
- Prepare and ensure vendor payments within the allocated credit terms
- Review staff expenses in accordance with Travel and Entertainment Policies
- Ensure timely reimbursement of staff expenses on a monthly basis
- Address vendor and staff queries on payments and claims in a timely manner
- Apply the expenditure framework to ensure appropriate control over expenditure
- Liaise with procurement to set up vendor records or update vendor particulars in Oracle
- Liaise with accountants to set up or update vendor bank details in Oracle
- Coordinate with accountants on cash outflow-related matters
- Perform reconciliation from the AP module to the GL module and close the Accounts Payable period in Oracle on a monthly basis
- Perform Accounts Payable reconciliations in Trintech on a monthly basis
- Verify Expense Line Owner hierarchy and approval limits set up in Oracle
- Assist in Accounts Payable-related annual external audit and ad-hoc internal audit projects
- Perform UAT on systems migration (Expense Line Owner UAT, Bottomline migration UAT, migration of Oracle iExpense to Concur system)
- Ensure compliance with Risk 2.0 requirements
- Complete any mandatory training by the required deadlines
- Report any suspicion of market abuse, pressure, or requests to act otherwise than in the best interests of TP ICAP to the Financial Management, Regional Management, and Compliance teams
Company Statement:
TP ICAP is committed to promoting Equality and Diversity and fostering a culture that values difference. We recognize that employees from diverse backgrounds and experiences can bring valuable insights to the work environment and enhance the way we work. Our objective is to create a positive, cohesive, and inclusive culture where diversity is valued, respected, and built upon. We aim to recruit and retain a diverse workforce that reflects the global markets in which we operate. We are committed to ensuring that the backgrounds, beliefs, and cultures of all our employees are respected and that the working environment is free from discrimination, harassment, bullying, or any other conduct that causes an employee's suffering. We also aim to encourage diversity amongst our current workforce and candidates.
Not the Perfect Fit?
Concerned that you may not meet the criteria precisely? At TP ICAP, we believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organization. Our dedicated Talent Acquisition team is here to assist you in recognizing how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.
Location:
Singapore - 50 Raffles Place - Singapore
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