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Accounts Payable Executive - Finance Shared Services



Accounting & Finance
Colombo, Sri Lanka
Posted on Tuesday, June 18, 2024

Company Description

IFS is a billion-dollar revenue company with 6000+ employees on all continents. Our leading AI technology is the backbone of our award-winning enterprise software solutions, enabling our customers to be their best when it really matters–at the Moment of Service™. Our commitment to internal AI adoption has allowed us to stay at the forefront of technological advancements, ensuring our colleagues can unlock their creativity and productivity, and our solutions are always cutting-edge.

At IFS, we’re flexible, we’re innovative, and we’re focused not only on how we can engage with our customers but on how we can make a real change and have a worldwide impact. We help solve some of society’s greatest challenges, fostering a better future through our agility, collaboration, and trust.

We celebrate diversity and understand our responsibility to reflect the diverse world we work in. We are committed to promoting an inclusive workforce that fully represents the many different cultures, backgrounds, and viewpoints of our customers, our partners, and our communities. As a truly international company serving people from around the globe, we realize that our success is tantamount to the respect we have for those different points of view.

By joining our team, you will have the opportunity to be part of a global, diverse environment; you will be joining a winning team with a commitment to sustainability; and a company where we get things done so that you can make a positive impact on the world.

We’re looking for innovative and original thinkers to work in an environment where you can #MakeYourMoment so that we can help others make theirs. With the power of our AI-driven solutions, we empower our team to change the status quo and make a real difference.

If you want to change the status quo, we’ll help you make your moment. Join Team Purple. Join IFS.

Job Description

An Accounts Payable Executive at IFS is responsible for the timely and accurate invoice processing of IFS’s both external and internal suppliers. The role is focused on understanding the procurement to pay life cycle and ensuring timely readiness for payment, with relevant internal controls being followed and well within the credit terms agreed with suppliers.

The role requires a high level of attention to detail and strong written and verbal communication skills, an understanding of the various local taxation requirements will also be important but will be developed.

In addition, an Accounts Payable Executive at IFS continuously expands their business process domain knowledge and shares this knowledge to guide others.

Primary job role:

  • Ensure accurate data capture of invoices received through validation and internal control mechanisms.
  • Co-ordinate with local Finance and Operations teams regarding to ensure that invoice submission instructions are adhered too and in accordance with contractual requirements.
  • Ensure that appropriate accounting entries are recorded for all invoices raised in accordance with IFRS and IFS policies and processes.
  • Understand and follow through on procurement policies
  • Respond to supplier invoice queries to ensure tasks are carried out timely and efficiently
  • Investigate and resolve any internal or external enquires related to supplier invoices
  • Processing of invoices in line with relevant procedures and agreed timelines and further ensuring the relevant approvals are in place
  • Performs all activities with a high level of accuracy and attention to detail
  • Completes all activities in accordance within IFS standard operating procedures.
  • Accounts payable related month end activity procedures and support in both internal and external audits
  • Ensure lowest levels of late interest fees and penalties that could be caused by delays from AP
  • Engage in process improvement opportunities and initiate relevant cost reduction practices to drive efficiency.


  • Perusing a University degree, or equivalent professional qualifications, in the accounting and finance field
  • Continuously expanding your functional and technical domain knowledge is a very important part of being at IFS
  • Proficiency in MS Office applications (MS Excel is mandatory) with background in MS Outlook
  • Proficient in using ERP applications
  • Knowledgeable in Internal controls

Additional Information

We believe that coming together as a community, in person, is important for innovation, connection and fostering a sense of belonging. Our roles have the right balance of remote and in-office working to enable flexibility for managing your life along with ensuring a real connection with your colleagues and the broader IFS community.