Accounts Payable Executive

Peergrowth Consultancy Co.; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A leading consultancy firm in Dubai is looking for an Accounts Payable Specialist to manage vendor invoicing, ensure compliance with company policies, and maintain accurate records. The ideal candidate will have a Bachelor's degree in Accounting or Finance and experience in real estate or construction sectors. Responsibilities include processing invoices, preparing payment runs, and reconciling vendor statements while ensuring timely payments and compliance with VAT regulations.

Qualifications

• Graduates with a Bachelor's degree in Accounting, Finance, or a related field.
• Experience in Accounts Payable preferably in real estate, construction, or property development.
• Knowledge of accounting principles, VAT, and local regulatory requirements.

Responsibilities

• Review, verify, and process vendor invoices according to company policies.
• Ensure accurate coding of invoices to the appropriate cost centers.
• Match invoices with purchase orders ensuring proper approvals.
• Prepare and execute payment runs on a weekly/monthly basis.
• Maintain up-to-date accounts payable records and supplier files.
• Reconcile vendor statements and resolve discrepancies timely.
• Support month-end and year-end closing processes.
• Liaise with vendors and departments to resolve payment queries.
• Assist with audits by providing necessary documentation.
• Monitor accounts payable aging report for timely payments.
• Ensure compliance with VAT regulations and assist in returns.

Skills

Attention to detail

Organizational skills

Communication skills

Education

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

Job description

To manage the accounts payable function by ensuring accurate and timely processing of invoices payments to vendors and reconciliation of supplier accounts while maintaining compliance with company policies and procedures.

Key Responsibilities:

• Review verify and process vendor invoices in accordance with the companys procurement and payment policies.
• Ensure accurate coding of invoices to appropriate cost centers/projects.
• Match invoices with purchase orders and delivery notes ensuring proper approvals before processing.
• Prepare and execute payment runs (cheques bank transfers etc. on a weekly/monthly basis.
• Maintain uptodate accounts payable records and supplier files.
• Reconcile vendor statements and resolve any discrepancies in a timely manner.
• Support monthend and yearend closing processes by providing accounts payable reports and accruals.
• Liaise with vendors and internal departments (Procurement Projects Admin) to resolve invoice or paymentrelated queries.
• Assist with internal and external audits by providing required documentation and reports.
• Monitor the accounts payable aging report to ensure timely payments and maintain healthy supplier relationships.
• Ensure compliance with VAT regulations and assist in VAT return preparations.

Key Requirements:

• Graduates with a Bachelors degree in Accounting Finance or a related field.
• Experience in Accounts Payable preferably in the real estate construction or property development sector.
• Knowledge of accounting principles VAT and local regulatory requirements.
• Strong attention to detail organizational and communication skills.