Junior Accounts Payable Executive
About the job
- A diploma or degree in Accounting, Finance, Business Administration, or a related field.
- A minimum of 3–5 years of working experience in accounts payable, cash flow management, and internal control.
- Experience working with enterprise resource planning systems, preferably SAP.
- Proficiency in Microsoft Excel and reporting.
- Strong analytical, organizational, and problem-solving skills.
- Good communication skills and attention to detail in reporting and reconciliation.
- Ability to work independently in a fast-paced retail environment and meet deadlines.
- Manage the full spectrum of accounts payable functions with the shared service team.
- Provide general ledger account numbers, cost centres, customer codes, and allocations for non-purchase-order invoices to the shared service team in a timely manner.
- Monitor and ensure compliance with three-way matching of invoices, purchase orders, and goods received notes.
- Ensure invoices are processed on time, paid within credit terms, and compliant with the Purchasing Policy.
- Ensure goods-purchased and freight invoices are processed in a timely manner.
- Check staff claims against supporting documents and internal policies.
- Ensure timely payment of tax installments, withholding tax, and service tax.
- Manage accounts payable aging to ensure there are no items overdue by more than 30 days.
- Reconcile accounts payable and creditors' statements.
- Monitor outstanding purchase requisitions and purchase orders and follow up with brands.
- Check and ensure all documents are submitted for Esker vendor creation.
- Call back new vendors and verify changes to vendor details.
- Prepare a monthly cash flow forecast for three months.
- Ensure sufficient cash flow and arrange borrowings as needed.
- Create fixed asset numbers accurately, assign the correct fixed asset category, and complete this in a timely manner.
- Train new staff to use Esker for staff claims and purchase requisition and purchase order creation.
- Monitor and follow up on balance sheet items related to accounts payable, such as telephone deposits for boutiques.
- Provide internal control information to headquarters, including payment and Esker approval matrices.
- Conduct the yearly warehouse stock take.
- Assist with internal audits, external audits, and tax information requests, and answer related queries.
- Maintain proper documentation and filing for finance records.
- Roll forward data in SAP at year end.
- Complete ad hoc assignments.
- Support month-end closing activities, including foreign exchange revaluation.
- Prepare month-end journals for accruals and reclassification.
- Run monthly depreciation after fixed asset additions, write-offs, or transfers have been recorded.
- Prepare monthly accounts payable aging reports, fixed asset schedules, and treasury reports for Syrus submission.
- Experience in the retail and fast-moving consumer goods industry is preferred.
About the company
LUXASIA operates as an omnichannel beauty brand-builder in Asia Pacific. It helps luxury beauty brands enter markets and grow by delivering integrated services across luxury retail, online commerce, consumer marketing and analytics, and supply chain management. The company works with a broad portfolio of over 100 brands and has joint ventures with major players like LVMH, Revlon, Puig, Shiseido, and Orveon to extend its reach. Its platform combines on-the-ground retail presence with digital channels and data-driven marketing to manage every step of a brand’s growth in the region. LUXASIA differentiates itself through its scale (15 markets and 2700 employees), deep regional expertise, and a full-suite, end-to-end service offering under one roof. The company's goal is to help luxury brands successfully enter Asia Pacific and expand their market presence, while providing opportunities for its people to grow and contribute as part of a collaborative team.
Company Size
501-1,000
Company Stage
N/A
Total Funding
$6.9M
Headquarters
Singapore, Singapore
Founded
1986
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Simplify's Take
What believers are saying
- 2026 awards in Malaysia, Vietnam, and Indonesia validate recent retail execution.
- New boutiques and concepts in Malaysia, Vietnam, and Indonesia show active door expansion.
- India luxury beauty demand is forecast to double by 2028, supporting brand onboarding.
What critics are saying
- Luxury beauty dependence leaves 90% of revenue exposed to brand-partner concentration.
- Localization in India is running late, threatening Fenty and Laura Mercier execution.
- Any major brand exit would damage LUXASIA's omnichannel model and partner credibility quickly.
What makes LUXASIA unique
- LUXASIA spans 15 APAC markets, serving 100-plus luxury beauty brands.
- It owns end-to-end capabilities: retail, ecommerce, consumer marketing, analytics, and supply chain.
- Its India and Southeast Asia localization wins attract brands like Creed, Fenty, and Chantecaille.
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Benefits
- Health Insurance
- Mental Health Support
- Training Programs
- Employee Discounts