Accounts Payable Accountant

Confidential; Abu Dhabi; On-site; AED 120,000 - 200,000; Full time

Job summary

A reputable finance organization in Abu Dhabi is seeking a Payables Accountant to ensure compliance with financial standards while processing and reconciling invoices. Candidates should have a Bachelor’s Degree in Finance/Accounting and 1-2 years of relevant experience. Proficiency in both English and Arabic is required. This position welcomes UAE Nationals only.

Qualifications

• 1 to 2 years of experience in Finance & Accounting.
• Proficiency in English and Arabic, both spoken and written.
• UAE National.

Responsibilities

• Record, review, process, and reconcile invoices accurately.
• Support suppliers in submitting invoices and credit notes.
• Verify invoices against contract terms and supporting documents.
• Conduct periodical reviews of supplier accounts and resolve variances.
• Provide updates on invoices and credit notes, including aging report.

Skills

Accounting principles

Invoice processing

Reconciliation

Problem solving

Communication in English

Communication in Arabic

Education

Bachelor’s Degree in Finance/Accounting or equivalent

Job description

Overview

The Payables Accountant participates in performing timely and accurate recording, reviewing, processing, reconciliation (of invoices), and reporting, as per the processes relating to the Payables unit. The role holder ensures the Accounts Payable unit compliance to relevant contractual terms, International Financial Standards, any existing finance policies and procedures and in compliance with local laws and regulations.

Responsibilities

Invoice & Credit Notes

• Participates in supporting suppliers and end users in submitting invoices and credit notes through the approved channels.
• Participates in performing accurate and timely recording, processing, reviewing of all invoices.
• Participates in verifying invoices against contract terms, delivery goods/service and required supporting.
• Participates in tracking and following up invoices under process to ensure timely completion of invoices and credit notes review and approvals to be ready for payments.
• Participates in resolve challenges impacting timely processing of invoices and timely escalation of challenges with relevant teams if required.
• Provides relevant stakeholders with timely update and proper clarification for queries.
• Adheres to the recording procedures of invoices considering invoice’s types, distribution, description, supporting and matching requirements to ensure invoices are valid and properly recorded.

Reconciliation & Consolidation

• Participates in conducting periodical review of supplier’s accounts, request statements of accounts on timely basis, prepare reconciliation and taking required actions to resolve any variances.
• Participates in processing and circulation of supplier balance confirmation letters and obtain confirmation to ensure the accuracy of supplier balances recorded.
• Provides updates and timely basis for invoices and credit notes including aging report.
• Participates in consolidating and reconciling vendor/supplier transactions to general ledger and ensure correct reconciliation between general ledger and sub ledger.

Shared Activities

• Carries out any other duties and responsibilities related to the role at the request of the direct manager.
• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
• Demonstrate compliance to organization’s values and ethics at all times to support the establishment of a value drive culture within the organization.
• Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.

Job Requirements

• Bachelor’s Degree in Finance/Accounting or equivalent.
• 1 to 2 years of experience in Finance & Accounting.
• UAE Nationals
• Full professional English and Arabic proficiency both in speaking and writing.