Senior Officer- Payables

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 150,000 - 200,000; Full time

Job summary

A leading banking institution in Abu Dhabi seeks an experienced Accounts Payable professional. Responsibilities include processing invoices in the Oracle Fusion system and managing fixed assets accounting. Candidates should have a Bachelor's degree in Commerce and 5 years of experience in the banking sector, particularly in Accounts Payable. This is a full-time position with no remote work option.

Qualifications

• 5 years relevant experience in the banking sector, with at least 3 years in Accounts Payable
• Exposure to Accounts Payable in Oracle Fusion preferred

Responsibilities

• Ensure that work activities align with Banks Standard Operating Procedure (SOPs)
• Process invoices and verify in Oracle Fusion system
• Record fixed asset purchases and disposals in Oracle system

Skills

Accounts Payable

Oracle Fusion

Communication skills

Education

Bachelor's degree in Commerce

Job description

KEY ACCOUNTABILITIES:

Generic Accountability

• Ensure that work activities are in line with Banks Standard Operating Procedure (SOPs).
• Accounts payable activities
• Fixed Assets accounting
• Project Accounting
• Coordination with Internal & External stakeholders
• Respond to queries from Stake holders & Vendors
• Preparation of MIS
• Contribute to continuous Process improvement
• Any other activities as assigned by the Supervisor

Job Specific Accountabilities

• Ensure Invoices are processed/verified in Oracle Fusion system.
• Record fixed asset Purchases Transfers and Disposals in Oracle system
• Capitalization & Tagging of Fixed Assets on monthly basis
• Track CIP Asset details for capitalization.
• Project status with WIP details for monthly review
• Reconciliation of Project CWIP GL & Project Opex GL
• Reconciliation of GBS Entries
• Proofing of GL Accounts pertaining to FA Projects and CIP
• Ensure the accuracy of asset entries processed
• Ensure Turnaround time within agreed SLA.
• Ensure the accuracy of Invoices processed.

Job Context

To Process the invoices on daily basis

To perform the activities related to fixed assets.

To perform the activities related to Project Accounting.

Ensure QR code/Tag number is updated for all monthly additions

Respond to all queries from Internal and External Customers.

Application/Asset Key is tagged for Computer/ATM Hardware & Software Assets

Ensure Invoices are processed with applicable VAT treatment and correct GL account.

Perform UAT as and when assigned

Regularly monitor the SLA for invoice processing.

Effectively manage escalation(if any).

FRAMEWORKS BOUNDARIES & DECISION MAKING AUTHORITY:

• Functions within the framework and boundaries of Group policies as well as overall organisational and governance frameworks.
• Authorised to take decisions as per the approved authorisation matrix.

Qualifications :

Minimum Qualification

• Bachelors degree in Commerce or related discipline.
• Exposure to Accounts Payable in Oracle Fusion preferred.
• Good communication skills.

Minimum Experience

5 years relevant experience in the banking sector with at least 3 years in similar position in Accounts Payable.

Remote Work :

No

Employment Type :

Full-time