Chief Accountant (Accounts Payable)

Advanced Search; Manama; On-site; BHD 24,000 - 36,000; Full time

Job summary

Ramee Hotel Management Services in Bahrain seeks a Chief Accountant – Accounts Payable to lead the AP function, ensuring accurate, timely processing of invoices, payments and reconciliations. You will manage the AP team, uphold internal controls, and ensure compliance with policies and regulatory standards.

The role requires strong ERP experience (Oracle/SAP/Oracle Fusion), IFRS knowledge, and leadership to drive process improvements and supplier relations.

Qualifications

• Bachelor's degree or higher in Accounting/Finance; professional qualification preferred.
• MBA/PG Diploma in Finance/Management and CA qualifications are highly regarded.

Responsibilities

• Oversee end-to-end Accounts Payable processes, including invoices, approvals, payments and vendor reconciliations.
• Review and approve vouchers, payments and accounting entries; monitor aging and settle liabilities.
• Coordinate with Procurement and other departments to resolve invoice discrepancies.

Skills

Accounts Payable

Team Leadership

Excel

Financial Analysis

IFRS

Internal Controls

Attention to Detail

Communication

Education

MBA/PG Diploma in Business Mgmt(Finance)

Chartered Accountant

Tools

Oracle

SAP

Oracle Fusion

Excel

Job description

Education MBA/PG Diploma in Business Mgmt(Finance), Chartered Accountant(Chartered Accountant)

Category Accounting, Finance & Banking

Job Description

The Chief Accountant – Accounts Payable is responsible for managing and overseeing the Accounts Payable function to ensure accurate, timely, and compliant processing of supplier invoices, payments, reconciliations, and financial reporting. The role supervises the Accounts Payable team, maintains strong internal controls, and ensures compliance with company policies, accounting standards, and regulatory requirements.

Key Responsibilities

Accounts Payable Management

• Oversee the end-to-end Accounts Payable process, including invoice verification, approval workflows, payment processing, and vendor reconciliations.
• Ensure supplier invoices are processed accurately and within agreed timelines.
• Review and approve payment vouchers, supplier payments, and accounting entries.
• Monitor outstanding liabilities and ensure timely settlement of supplier obligations.
• Manage month-end and year-end Accounts Payable closing activities.
• Ensure compliance with company policies, accounting standards, and internal control procedures.
• Review AP transactions to ensure correct account coding and cost allocation.
• Monitor and strengthen controls related to vendor payments and expense management.
• Support internal and external audit requirements and address audit observations.
• Maintain positive relationships with suppliers and resolve payment-related issues.
• Review and reconcile supplier statements regularly.
• Coordinate with Procurement and other departments to resolve invoice discrepancies and contractual matters.
• Monitor supplier account balances and aging reports.

Reporting & Analysis

• Prepare Accounts Payable reports, accrual schedules, and liability analyses.
• Support monthly financial reporting and balance sheet reconciliations.
• Analyze payment trends and recommend improvements to optimize cash flow management.
• Assist management with financial data and reporting requirements.
• Supervise and guide Accounts Payable Accountants and Finance Assistants.
• Allocate workloads and monitor team performance.
• Provide coaching and support to ensure continuous development of team members.
• Ensure compliance with departmental procedures and service levels.

ERP & Process Improvement

• Maintain accurate records within the ERP system.
• Participate in system enhancements and process automation initiatives.
• Identify opportunities to improve efficiency, accuracy, and internal controls within the AP function.
• Support ERP upgrades, testing, and implementation projects.

Cross-Functional Coordination

• Coordinate with Procurement, Stores, Treasury, and other departments to ensure smooth processing of invoices and payments.
• Support Finance leadership in budgeting, forecasting, and financial planning activities when required.

Qualifications

• Bachelor's Degree in Accounting, Finance, or a related field.
• Professional qualification such as ACCA, CPA, CMA, CA, or equivalent is preferred.

Experience

• Minimum 8–12 years of accounting experience.
• At least 4–5 years of experience in a senior Accounts Payable or Chief Accountant role.
• Experience within manufacturing, industrial, or large corporate environments is highly preferred.
• Experience working with ERP systems such as Oracle, SAP, or Oracle Fusion.

Technical Skills

• Strong knowledge of Accounts Payable processes and financial controls.
• Thorough understanding of IFRS and accounting principles.
• Advanced Microsoft Excel skills.
• Experience with ERP systems and financial reporting tools.
• Strong reconciliation, analysis, and reporting capabilities.
• Leadership & Team Management
• Attention to Detail
• Problem Solving
• Communication Skills
• Time Management
• Stakeholder Management
• Integrity & Confidentiality

KPIs

• Timeliness of Supplier Payments
• Month-End Closing Timeliness
• Audit Compliance and Findings
• Outstanding Payables Management
• AP Process Efficiency
• Vendor Satisfaction and Issue Resolution

Preferred Candidate Profile

• Experience in manufacturing or industrial companies.
• Strong ERP experience (Oracle, SAP, Oracle Fusion).
• Proven experience leading Accounts Payable operations and teams.
• Strong understanding of internal controls, audits, and financial compliance.

Ramee Hotel Management Services - Bahrain, Bahrain