Accountant – Accounts Payable (Real Estate)

One Development; Dubai; On-site; AED 30,000 - 60,000; Full time

Job summary

An established industry player in Dubai is seeking a meticulous Accounts Payable Specialist to join their finance team. This role involves processing vendor invoices, ensuring compliance with VAT regulations, and assisting in financial reporting. You'll play a crucial part in maintaining accurate financial records and supporting both internal and external audits. The ideal candidate will have a strong attention to detail, proficiency in accounting software, and a Bachelor's degree in accounting or finance. This is a fantastic opportunity to grow your career in a dynamic environment where your contributions will directly impact the organization's financial success.

Qualifications

• 1+ years of experience in accounting required.
• Experience in bookkeeping and financial reporting is essential.

Responsibilities

• Process vendor invoices and ensure accuracy.
• Prepare monthly and quarterly accounts payable reports.
• Support audits by preparing necessary documentation.

Skills

Detail-oriented financial record-keeping

Bookkeeping

Accounts payable management

Proficiency in accounting software

Organizational skills

Time management

Tax compliance knowledge

Problem-solving

Communication skills

Education

Bachelor’s degree in accounting or finance

Pursuing CPA or equivalent certification

Tools

Accounting software

Job description

General Responsibilities:

• Process and record vendor invoices, ensuring accuracy and proper approvals.
• Operate and process transactions in TAS and Oqood system for Escrow payments.
• Verify and reconcile supplier statements with accounting records.
• Prepare and execute timely payments to vendors, contractors, and service providers.
• Monitor accounts payable aging reports and address outstanding balances.
• Assist in reviewing lease agreements and contract payments to ensure compliance with terms.
• Post and process journal entries related to accounts payable transactions.
• Reconcile bank statements, supplier accounts, and other financial records.
• Assist in preparing monthly and quarterly accounts payable reports for management.
• Support the month-end and year-end closing processes by ensuring all payables are recorded accurately.
• Ensure compliance with VAT regulations and assist with tax filings related to supplier payments.
• Maintain accurate financial records and documentation for audits and compliance.
• Assist in resolving discrepancies or disputes with vendors and internal stakeholders.
• Collaborate with procurement and project teams to streamline payment processes.
• Assist in the implementation and improvement of accounts payable systems and workflows.
• Provide support during internal and external audits by preparing necessary documentation

Qualifications

• Bachelor’s degree in accounting or finance
• 1+ years of experience in accounting
• Pursuing CPA or equivalent certification
• Experience in bookkeeping and financial reporting

Competencies

1. Strong attention to detail and accuracy in financial record-keeping.
2. Proficiency in bookkeeping and general ledger management.
3. Ability to handle accounts payable and receivable functions.
4. Proficiency in accounting software.
5. Strong organizational and time-management skills.
6. Basic understanding of tax compliance.
7. Ability to support audits and financial reporting.
8. Problem-solving and data entry accuracy.
9. Good communication skills for collaborating with other departments.