Assistant Officer/Officer (Payment Compliance)

Akij Textile Mills Ltd; United Kingdom; On-site; GBP 25,000 - 35,000; Full time

Job summary

A leading textile manufacturer in the United Kingdom is looking for a dynamic Assistant Officer/Officer focused on Payment Compliance. The successful candidate will be responsible for verifying transport-related expenses and ensuring compliance with financial protocols. Duties include validating vendor payments, auditing sales incentives, and identifying potential financial risks, all while maintaining meticulous documentation. This position requires strong attention to detail and the ability to work efficiently within the organization's needs.

Qualifications

• Strong attention to detail and accuracy in financial documentation.
• Ability to identify financial discrepancies and ensure compliance.
• Good communication skills for dealing with vendors and employees.

Responsibilities

• Verify transport-related expenses and ensure adherence to policies.
• Validate vendor payments and distribution costs.
• Audit sales incentives for payments to marketing personnel.

Job description

Akij Textile Mills Ltd. is a sister concern of Akij INSAF one of the largest conglomerate in Bangladesh, founded in 1998 by Sk. Akij Uddin. The industry is fully export oriented and known for its various units, Spinning, Yarn Dying, Weaving & Fabric Dyeing and Finishing, more than 5,000 employees. Spinning unit consists of reputed brands of machineries like Reiter, Zinser, Schlaforst-Autocone, Autocore, Uster-Lab. Weaving unit is fully automated with state of the art machineries, like Picanol- Omni Plus 800, Airjet Looms with quick style change, Karl Mayer- High Performance Sizing and Sectional Warpers, Stauble Automatic Drawing- in System, CCI-Automatic Sampling Loom & Yarn Dying unit consists of high class machineries like SSM (Swiss) Soft Winding and Re‑Winding machines, Gofront Stalem and Galvanim.

Now, we are seeking a dynamic & energetic person to join us as Assistant Officer/Officer (Payment Compliance).

Responsibilities

• Verify all transport-related expenses, including fuel, maintenance, and logistics, ensuring proper documentation and adherence to company policies along with challan.
• Check and validate vendor's payments, distribution costs, including delivery expenses, and inventory movement, ensuring proper compliance with financial protocols.
• Audit and verify the accuracy of sales incentives of marketing personnel & distributors, ensuring proper calculation, approval, and documentation for payments to sales teams through management approval.
• Ensure the accurate verification of Travel and Daily Allowances (TADA) for employees, including validation of travel claims, receipts, and compliance with company policies.
• Cross-check and reconcile all invoices, bills, and payments records related to transport, distribution, sales incentives, and TADA, identifying discrepancies and ensuring proper approvals along with Company policy & SOP.
• Identify potential financial risks, ensure compliance with company policies, and work with departments to enhance internal controls and prevent fraud.
• Any other tasks or responsibilities assigned by the supervisor must be carried out promptly and efficiently, regardless of location or time, as per the needs of the organization.