Executive - Finance Business Partner (Accounts Payable) Dubai Holding Real Estate

Dubai Holding; Dubai; On-site; AED 150,000 - 250,000; Full time

Job summary

Dubai Holding seeks a candidate for business partnering activities and collaboration in accounts payable functions. The ideal candidate will have solid experience with budgeting, problem-solving, strong IFRS knowledge, and familiarity with accounting tools such as Oracle and Salesforce. This role emphasizes effective communication and collaboration across departments to enhance service delivery and compliance.

Benefits

Comprehensive benefits package

Career development opportunities

Qualifications

• Minimum 2-4 years of professional experience in managing payments in a dynamic environment.
• Strong IFRS Knowledge and hands-on accounting experience.
• Ability to work with data and prioritize tasks.

Responsibilities

• Assist in budgetary control and monitor budget adequacy.
• Support managing guarantees and contractor assignments.
• Review project cost reports for financial performance.

Skills

Problem-Solving

Analytical Skills

Attention to Detail

Interpersonal Skills

Communication Skills

Education

Association of Chartered Certified Accountants (ACA) Qualified

Certified Public Accountant (CPA)

Association of Chartered Certified Accountants (ACCA) Qualified

Tools

Oracle Fusion

Unifier

Salesforce

Job description

About Dubai Holding Real Estate:

Dubai Holding’s real estate business has developed strategic destinations and communities that offer unique and attractive lifestyle opportunities to meet the evolving needs of Dubai’s residents and visitors alike. As a master developer, we invest in sustainable infrastructure, accessibility, community amenities and family-focused facilities including community centers, mosques, schools, supermarkets and landscaping.

Our integrated real estate offering also includes a robust land sales portfolio, project management for large-scale projects, as well as top-notch facilities management services.

Job Purpose:

The job holder will be responsible for business partnering activities and collaboration with shared services for Accounts Payable (AP) and other services functions.

Key Responsibilities:

Budgetary control:

• Assist in the review of purchase requisitions and monitor budget adequacy, implement budgetary controls to ensure that expenditures are within the budget and that adequate controls are in place.

Business Partnering:

• Support in managing receipt and release of guarantees.
• Support in managing issuance of approval of contractor assignments.
• Liaise with business partners within and outside DHRE to conclude contracts and transactions.
• Support in monitoring the SLA with shared services and collaborate with shared services on day-to-day activities to ensure consistent service delivery and compliance with the shared services Performance KPIs.
• Support in monitoring the execution of SLA with third parties, in collaboration with shared services to ensure consistent service delivery and compliance with the Performance KPIs.
• Work closely with stakeholders across functions in a fast-paced environment and provide solutions to issues to foster collaboration, identify problems proactively, and develop effective solutions.
• Work on projects / initiatives as assigned including any corporate level projects to contribute to overall company goals and demonstrate adaptability.
• Responsible for maintaining functional procedures, internal controls, and reporting in conformity with company procedures, group policies, IFRS and laws, regulations and statutes while directing specific areas within the overall department operation.

Project Capex review:

• Support in reviewing allocation of infrastructure costs and month-end accruals for projects and other verticals, provision for EOT, claims and other Capex activities.
• Prepare capital work in progress reconciliation at project level.
• Assist in impairment review of capital work in progress.
• Assist in reviewing payroll provided by the Project teams to the respective projects.
• Review of cost reports for both built to sell and infrastructure projects to analyse and assess the financial performance of these projects, identify any cost overruns or inefficiencies, and provide recommendations for improvement.
• Prepare ah-hoc reports and analysis requested.
• Maintain strong relationships with key stakeholders across various departments, fostering collaboration and alignment.
• Play a pivotal role in optimizing accounts payable processes, ensuring timely and accurate vendor payments, and maximizing financial transparency.

Reporting and Audits:

• Support shared services in monthly closing activities.
• Review project cost accruals submitted by the Project teams.
• Review Project cost reports and Capital work in progress analysis, received from shared services.
• Review Accounts Payable (AP-Opex and Capex) schedules, received from shared services.
• For activities not managed by shared services, support for any statutory audit requests from Reporting team / Internal Audit, to facilitate effective communication and coordination between the finance department and auditors, ensuring timely and accurate provision of requested information for audit purposes.

Process and Policies Review:

• Review and update processes and policies, including segregation of duties for accounts payable (AP).
• Participate in implementation of Unifier (Oracle tool).
• Actively seek automation of controls across DHRE using financial systems and innovative technology to enhance control design and effectiveness.
• Identify opportunities to improve AP processes, implementing automation and streamlining workflows for increased efficiency.

IFRS / Accounting Technical Aspects:

• Review monthly complex Percentage of Completion (PoC) workings for DHRE projects based on International Financial Reporting Standards (IFRS) and collaborate with the Development and Infrastructure teams to ensure accurate and compliant revenue recognition practices.

Candidate Qualifications, Experiences & Skills:

• Association of Chartered Certified Accountants (ACA)/Certified Public Accountant (CPA)/ the Association of Chartered Certified Accountants (ACCA) Qualified
• Minimum 2-4 years of professional experience in managing payments in a dynamic, fast-paced environment.
• Strong IFRS Knowledge, VAT Compliance, hands on accounting and operational experience in related industry (Real Estate or Construction).
• Working Knowledge of Oracle Fusion, Unifier and Salesforce.
• Ability to work with and interpret data
• Problem-Solving & Analytical Skills
• Understanding of the RERA Transaction Accounting System and Escrow payment mechanisms
• Ability to build strong relationships with customers and colleagues, fostering a collaborative work environment.
• Attention to detail and able to work in a dynamic environment.
• Ability to prioritize tasks effectively and manage time efficiently to meet deadlines.
• Ability to work in fast-paced environment with multiple competing deadlines.
• Excellent communication and interpersonal skills

About the Benefits:

At Dubai Holding, we're committed to nurturing the success and well-being of our colleagues. Join our dynamic and diverse team, and enjoy a comprehensive benefits package that includes competitive compensation, career development opportunities, and a collaborative work environment. We strongly believe in creating an empowered workforce that will help us build a connected city for tomorrow. We are committed to attracting the brightest minds and nurturing the most pioneering candidates who desire to make a great impact on the future of Dubai.