Website Master Group of Industries
Master Group of Industries is hiring for the position of Executive Accounts at its Gulberg III, Lahore location. The opportunity is suitable for accounting and finance professionals with 2–3 years of relevant experience, particularly candidates who have worked with accounts payable, invoice processing, vendor documentation, petty cash, reconciliations, and taxation records.
Candidates with a BBA, MBA, or ICMA Finalist qualification are eligible to apply.
Job Overview
Company: Master Group of Industries
Position: Executive Accounts
Department/Function: Accounts & Finance
Location: Gulberg III, Lahore
Experience Required: 2–3 years of relevant experience
Qualification: BBA, MBA, or ICMA Finalist
Application Method: Scan the QR code provided in the official vacancy advertisement to apply
What Does an Executive Accounts Do?
The Executive Accounts position primarily focuses on accounts payable (AP), which covers the money a company owes to suppliers and other vendors.
The selected candidate will help ensure that supplier invoices are properly verified, recorded, supported by the required documentation, and processed for payment on time. The employee will also be responsible for identifying discrepancies between invoices, purchase records, and goods received by the company.
Accuracy is particularly important in this position because incorrect invoice entries or missing documents can affect vendor payments, tax records, and the company’s financial reporting.
Key Responsibilities
The Executive Accounts will be responsible for managing day-to-day accounts payable activities. Major responsibilities mentioned in the vacancy include:
- Booking and accurately recording supplier invoices.
- Performing three-way matching between purchase orders, goods receipt records, and supplier invoices.
- Checking invoices and supporting documents before processing transactions.
- Managing and recording petty cash transactions.
- Monitoring employee or business advances and ensuring their timely settlement.
- Identifying and resolving invoice or documentation discrepancies.
- Maintaining complete supporting documents for accounting transactions.
- Monitoring uninvoiced GRNs (Goods Receipt Notes) and following up where invoices are still pending.
- Preparing and maintaining sales tax input records.
- Ensuring accounting activities comply with company policies and applicable statutory requirements.
Understanding Three-Way Matching
Three-way matching is an important part of accounts payable.
Before a supplier invoice is approved, the accounts team typically compares the Purchase Order (PO), Goods Receipt Note (GRN), and supplier invoice. The purpose is to confirm that the company ordered the goods, actually received them, and was invoiced for the correct quantity and amount.
For example, if a purchase order is for 100 units but the GRN confirms that only 90 units were received, the accounts team may need to investigate before processing an invoice charging the company for all 100 units.
Experience with this process can therefore be particularly relevant for applicants.
What Are Uninvoiced GRNs?
A Goods Receipt Note (GRN) records goods that have been received by a company.
An uninvoiced GRN occurs when goods have been received and recorded, but the corresponding supplier invoice has not yet been processed or received. The Executive Accounts will monitor such transactions to ensure outstanding invoices are identified and properly accounted for.
This responsibility requires coordination with departments such as procurement, stores, and suppliers.
Sales Tax and Compliance Responsibilities
Another important component of the position is maintaining sales tax input records. The selected candidate will need to ensure that relevant invoices and tax documentation are correctly maintained so that accounting and tax records remain complete.
The job advertisement also specifically mentions compliance with company policies and statutory requirements, making attention to documentation and accuracy an important part of the role.
Who Should Apply?
This vacancy may be particularly relevant for candidates who already have 2–3 years of practical accounting experience and are comfortable working with invoices, vendor accounts, GRNs, petty cash, advances, and supporting financial documentation.
Candidates should have one of the qualifications specified by Master Group: BBA, MBA, or ICMA Finalist.
Previous experience in accounts payable, manufacturing accounts, procurement-related accounting, ERP-based invoice processing, or a similar finance function could be useful for performing the advertised responsibilities.
Skills to Highlight on Your CV
Applicants should highlight relevant experience with accounts payable, invoice booking, three-way matching, PO/GRN reconciliation, vendor payments, petty cash, advance settlement, sales tax records, and financial documentation.
If you have worked with an ERP or accounting platform such as SAP, Oracle, Microsoft Dynamics, or another enterprise finance system, mentioning the specific software can also help demonstrate your practical experience.
Rather than simply listing duties, include measurable achievements where possible—for example, the approximate number of invoices processed monthly, vendor accounts handled, reconciliation issues resolved, or improvements made to payment or documentation processes.
How to Apply
Candidates interested in the Executive Accounts position should use the QR code/“Scan to Apply” option provided in Master Group of Industries’ original job advertisement.
Before applying, update your CV to clearly show your BBA, MBA, or ICMA status and your 2–3 years of relevant accounting experience. Since the position is based in Gulberg III, Lahore, candidates should also consider their ability to work at the stated location.
The advertisement provided does not specify an application deadline, so interested candidates should consider applying promptly and confirm any deadline or additional requirements through the official application channel.
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