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Accounts Payable Executive - IFS Ultimo

IFS

IFS

Accounting & Finance
Colombo, Sri Lanka
Posted on Mar 17, 2025

Company Description

IFS is a billion-dollar revenue company with 7000+ 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

IFS Ultimo, an IFS company based in the Netherlands with more than 2000 global customers, is a leading Enterprise Asset Management software provider with a strong reputation for the completeness, flexibility, and configurability of its SaaS EAM solutions.

This role sits within IFS Ultimo Finance Team working from Sri Lanka.

As an Accounts Payable Specialist, you are an important member within the Ultimo Group.
You are primarily responsible for the accurate, timely, correct and complete processing of all
purchase invoices, declarations and bank transactions within the Ultimo Group.

You will serve as the primary point of contact, alongside the Finance team, for inquiries related to the above-mentioned parties and topics.

You will collaborate closely with the Financial Controllers, and it's essential that this partnership is well-coordinated from a business perspective. This ensures that roles and responsibilities are clearly defined, with specific expectations regarding who is responsible for what and when.

The Accounts Payable Specialist at Ultimo is able to perform/manage the following activities in
good order:

  • Purchase invoices
    • Responsible for the daily processing of purchase invoices.
    • Able to perform this adequate in a timely and complete manner.
    • First point of contact when there are questions about the processing of purchase invoices.
  • Bank transactions
    • Responsible for the daily processing of all bank transactions.
    • Able to perform this aqurate in a timely and complete manner.
    • First point of contact when there are questions about processing bank transactions.
    • Manage balance specifications.
    • Periodically (monthly) updating balance sheet specifications.
  • Declarations and travel expenses
    • Together with Accounts Payable Specialist responsible for the management expense software 'Declaree'.
    • Assessing whether employees have drawn up and submitted the declarations in accordance with Ultimo Group's guidelines.
    • Export and process travel expenses booked through travel software 'Egencia'.
  • Support with Finance Audit.
  • If desired, support tenders from a Finance perspective.

Qualifications

  • Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
  • 3-5 years of experience in accounts payable or in financial accounting.
  • Strong knowledge of basic accounting principles and accounts payable processes.
  • Excellent Verbal and Written communication skills
  • Proficiency in Microsoft Excel and related accounting software (experience with ERP systems like SAP, Oracle, or IFS is a plus).
  • Excellent organizational skills with strong attention to detail and accuracy.
  • Good problem-solving skills and the ability to work independently.
  • Strong communication and interpersonal skills for vendor and internal team interactions.
  • Experience in a high-volume AP environment or with multinational organizations.
  • Understanding of compliance and regulatory standards in accounts payable.

This will be the first role we are opening in Sri Lanka for Finance Team. Therefore, You will have added advantage if you have following:

  • Takes Initiative
  • Knowledge of the software program Certinia (formerly FinancialForce/ SalesForce)
  • Ability to Multi task & Time Management

Additional Information

We embrace flexibility and hybrid work opportunities to support diverse needs and lifestyles, while also valuing inclusive workplace experiences. By fostering a sense of community, we drive innovation, strengthen connections, and nurture belonging. Our commitment ensures you can work in a way that suits you best, while also engaging with colleagues to share ideas and build meaningful relationships.