Accounts Payable & Bank Reconciliation Executive
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Key skills for this role
About the Role
Arada seeks an Accounts Payable & Bank Reconciliation Executive for its Formative business. The role manages vendor payments, bank reconciliations, and statutory/utility/rental/commission payments.
Key Skills for This Role
Responsibilities
- Process and verify vendor invoices and payment requests
- Prepare and execute vendor payments through bank transfers, cheques, or online payment platforms
- Maintain vendor accounts and resolve payment related queries
- Perform daily, weekly, and monthly bank reconciliations
- Investigate and resolve unreconciled transactions and discrepancies
- Monitor bank balances and report cash position to management
- Track renewal dates for trade licenses and other regulatory permits
- Process timely payments for license renewals and government fees
- Process payments for utility services and monitor due dates
- Manage office, warehouse, and accommodation rental payments
- Calculate and process sales agent, broker, or partner commissions
- Prepare payment reports and reconciliation statements
Requirements
- Bachelor's degree in Accounting, Finance, Commerce, or related field
- 2–5 years of experience in Accounts Payable, Treasury, or Finance
- Strong knowledge of bank reconciliation and payment processing
- Proficiency in Microsoft Excel and accounting software (e.g., Tally, ERP systems, SAP, Oracle)
- Good attention to detail and organizational skills
- CA Inter preferred
Full Job Posting
Job Summary
- Arada is seeking an Accounts Payable & Bank Reconciliation Executive for its Formative business.
- Formative is the largest performance driven fitness collective in the UAE, consisting of four major fitness brands.
- The role manages vendor payments, bank reconciliations, and statutory/utility/rental/commission payments.
Key Responsibilities
- Process and verify vendor invoices and payment requests.
- Prepare and execute vendor payments through bank transfers, cheques, or online payment platforms.
- Maintain vendor accounts and resolve payment related queries.
- Ensure all payments are supported by approved documentation.
- Perform daily, weekly, and monthly bank reconciliations.
- Investigate and resolve unreconciled transactions and discrepancies.
- Monitor bank balances and report cash position to management.
- Track renewal dates for trade licenses and other regulatory permits.
- Process timely payments for license renewals and government fees.
- Maintain records of licenses, permits, and payment receipts.
- Process payments for electricity, water, internet, telephone, and other utility services.
- Monitor due dates to avoid service interruptions and penalties.
Additional Responsibilities
- Manage office, warehouse, and accommodation rental payments.
- Ensure timely payment according to lease agreements.
- Coordinate with landlords and maintain rental documentation.
- Calculate and process sales agent, broker, or partner commissions.
- Verify commission calculations against approved agreements.
- Maintain commission payment records and supporting schedules.
- Prepare payment reports and reconciliation statements.
- Ensure compliance with company policies and financial controls.
- Assist during audits by providing payment and reconciliation documentation.
- Maintain organized records of all transactions and supporting documents.
Qualifications
- Bachelor’s degree in Accounting, Finance, Commerce, or related field.
- CA Inter will be preferred.
- 2–5 years of experience in Accounts Payable, Treasury, or Finance.
- Strong knowledge of bank reconciliation and payment processing.
- Proficiency in Microsoft Excel and accounting software (e.g., Tally, ERP systems, SAP, Oracle).
- Good attention to detail and organizational skills.
Key Skills
- Accounts Payable Management
- Bank Reconciliation
- Vendor Management
- Payment Processing
- Financial Reporting
- Excel & ERP Systems
- Time Management
- Communication & Coordination
- Accuracy and Attention to Detail
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