Senior Officer- Payables

First Abu Dhabi Bank; Abu Dhabi; On-site; AED 100,000 - 120,000; Full time

Job summary

A prominent banking institution in Abu Dhabi seeks an experienced individual for an Accounts Payable position. The role requires processing invoices daily and managing fixed asset accounting using Oracle Fusion. With a minimum of 5 years of relevant experience in the banking sector, candidates should have a Bachelor's degree in Commerce or a related discipline. Strong communication skills and attention to detail are essential for ensuring accuracy in financial processing, all while adhering to organizational policies.

Qualifications

• 5 years relevant experience in the banking sector with at least 3 years in similar position in Accounts Payable.
• Exposure to Accounts Payable in Oracle Fusion preferred.
• Strong analytical skills and attention to detail.

Responsibilities

• Process invoices daily using Oracle Fusion.
• Record fixed asset purchases, transfers, and disposals.
• Manage project accounting and reconciliation tasks.
• Ensure timely processing and accuracy of invoices.

Skills

Good communication skills

Education

Bachelors degree in Commerce or related discipline

Tools

Oracle Fusion

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

• 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