Senior Payable Accountant (UAE Nationals)

Job Summary

Essential Duties and Responsibilities

• Lead and supervise the payable accounting team, providing guidance, training, and support to ensure the smooth functioning of payable operations.
• Prepare comprehensive monthly payable reports, including creditors aging report, monthly payment report, supplier reconciliation statement, accounts payable & accrued purchases report, etc.
• Conduct in-depth reviews of payable documents, ensuring accuracy and compliance with relevant documentation such as invoices, contractual agreements, purchase orders, payment terms, and approvals.
• Process payments to partners, suppliers, associates, staff, petty cash, accreditation, etc., utilizing approved payment channels and adhering to company policies and procedures.
• Perform periodic reconciliations of beneficiaries' statements of account, coordinating balance confirmations with partners, and analyzing credit limits for creditors.
• Ensure proper general ledger accounting distribution for all invoices and expenses, considering the nature and organizational structure of transactions.
• Collaborate closely with the supplier relationship unit to monitor and address long-aged payable dues and accrued purchases.
• Reconcile payable-related general ledger accounts, such as advance to supplier, sundry creditor, and accrued purchase accounts, and investigate and resolve any abnormal variances.
• Prepare adjustments transactions, including debit/credit notes, upon approval for reversed activities, cancelled purchases, or sales refunds.
• Ensure accurate and timely VAT accounting and compliance with all payable account transactions in accordance with Federal Tax Authority (FTA) laws and regulations.
• Adhere to local and externally relevant health and safety and information security laws and policies.
• As applicable liaises and coordinate with information security stand-up committee and AIT to ensure effective implementation of security initiative.
• Handle any other responsibilities assigned by the line manager.

Required Qualifications

• Professional Experience: Minimum 2 years of relevant experience in payable accounting, with at least 1 year in a supervisory or senior role.
• Bachelor’s degree in accounting, from an accredited University.
• Thorough knowledge of international financial and reporting standards (IFRS), and up-to-date with all updates on local laws, federal laws, and financial standards.
• Ability to handle sensitive and confidential information with a high degree of integrity and commitment.
• Proficient in identifying and assessing potential or existing financial risks or losses, promptly reporting to higher management.
• Demonstrated ability to work independently in a high-volume environment, managing multiple priorities and delivering assignments on time.
• Strong leadership and team management skills with a self-motivated, flexible, and vision-oriented approach.
• Excellent written and verbal communication, presentation, and negotiation skills.
• Ability to work under pressure, exhibit poise, composure, and confidence in stressful or high-pressure situations, and take on extra duties as needed.
• Advanced analytical and problem-solving skills, capable of analyzing situations promptly.
• Expertise in computerized accounting financial software applications, ERP systems, and proficiency in MS Office applications, communication software/apps, etc.
• Excellent interpersonal skills and ability to build effective relationships with internal and external stakeholders.