Accounts Payable Analyst

Talentmate; Dubai; On-site; USD 40,000 - 60,000; Full time

Job summary

A leading company seeks an Accounts Payable Analyst responsible for managing financial operations. The ideal candidate will process supplier invoices, maintain records, and collaborate with departments to enhance efficiency, requiring strong attention to detail and organizational skills.

Qualifications

• Minimum of 2 years of experience in accounts payable or similar role.
• Proven knowledge of bookkeeping and accounting principles.
• Ability to work independently and in a team environment.

Responsibilities

• Review and verify invoices for appropriate documentation.
• Reconcile processed work and resolve invoice discrepancies.
• Assist in month-end closing of accounts payable processes.

Skills

Attention to detail

Organizational skills

Communication skills

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

QuickBooks

SAP

Oracle Systems

Job description

An Accounts Payable Analyst plays a crucial role in managing an organization s financial operations by ensuring that all invoices from suppliers and vendors are accurately processed and paid in a timely manner. This position requires a keen eye for detail, strong organizational skills, and a firm understanding of accounting principles. An Accounts Payable Analyst is responsible for verifying transactions, maintaining records, monitoring accounts, and liaising with vendors regarding any discrepancies. This role typically involves working closely with other departments to streamline financial processes and improve efficiency. The ideal candidate should demonstrate excellent analytical skills, an aptitude for technology, and an eagerness to contribute to a company's financial stability and growth.

An Accounts Payable Analyst plays a crucial role in managing an organization s financial operations by ensuring that all invoices from suppliers and vendors are accurately processed and paid in a timely manner. This position requires a keen eye for detail, strong organizational skills, and a firm understanding of accounting principles. An Accounts Payable Analyst is responsible for verifying transactions, maintaining records, monitoring accounts, and liaising with vendors regarding any discrepancies. This role typically involves working closely with other departments to streamline financial processes and improve efficiency. The ideal candidate should demonstrate excellent analytical skills, an aptitude for technology, and an eagerness to contribute to a company's financial stability and growth.

Responsibilities

• Review and verify invoices for appropriate documentation and approval before payment processing.
• Process three-way P.O. matching invoices, upholding accuracy and compliance with company procedures.
• Maintain organized records of all transactions, including payment records, vendor files, and financial documentation.
• Reconcile processed work by verifying entries and comparing system reports to balances.
• Resolve invoice discrepancies and issues by effectively communicating with internal and external stakeholders.
• Monitor accounts to ensure payments are up to date and manage any overdue cashflow situations.
• Prepare accounts payable reports, including analyses of accounts, vendor management, and aging reports.
• Assist in month-end closing of account payable processes to ensure financial statements are accurate and timely.
• Collaborate with Purchasing on vendor interactions, setting up new suppliers, and managing existing relationships.
• Provide supporting documentation for audits and work with auditors to resolve any queries efficiently.
• Advise management on the establishment of improved workflow and efficiencies in the accounts payable function.
• Stay updated with market trends and changes in financial regulations that could impact accounts payable processes.

Requirements

• Bachelor s degree in Accounting, Finance, or a related field preferred.
• Minimum of 2 years of experience in accounts payable or a similar role.
• Strong proficiency in accounting software such as QuickBooks, SAP, or Oracle Systems.
• Excellent organizational skills with the ability to manage multiple tasks effectively.
• Attention to detail and high level of accuracy in financial data processing.
• Strong communication skills to resolve disputes and collaborate with cross-functional teams.
• Ability to work independently with minimal supervision and in a team environment.
• Proven knowledge of bookkeeping and accounting principles, practices, standards, and regulations.

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