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Head of Accounts Payable

Independent Food Company
Dubai, UAE
Full Time
Manager
3 weeks ago
Accounts PayableProcure to Pay (P2P)NetSuiteOCR/AI Invoice Capture3 Way MatchVendor Master Data Management
Free

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Accounts PayableProcure to Pay (P2P)NetSuite
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Company Overview

  • Driven to create unique home grown food concepts that bring people together, the Independent Food Company is a UAE based hospitality company with multiple concepts under its umbrella – SALT, Parker’s, Somewhere, Public, Soil, Shalwa and Kumo.

Role Overview

  • We are presently seeking to hire a highly qualified Head of Accounts Payable to establish and Stand up Accounts Payable as a controlled, scalable function across all brands and entities, owning the full Procure to Pay cycle.

Scope of Function (Phase 1)

  • Invoice processing & booking — ~3,000 invoices/month across all entities (supplier, utility, rent, aggregator commission, intercompany)
  • Payment runs & treasury interface — scheduled runs, bank API payment files, payment release controls, cash flow input to Treasury
  • 3 way match & controls — PO ↔ GRN ↔ invoice matching, exception handling, duplicate & fraud prevention, approval workflow
  • Vendor master & supplier management — onboarding (KYC/AML, UBO), master data hygiene, supplier rationalisation, statement reconciliation
  • Import, landed cost & stock in transit — coordination with shipping line (Maersk) on in transit stock, customs/duty accruals, landed cost capture
  • Staff & expense payables — petty cash, employee expense claims, corporate card reconciliation

Key Responsibilities

  • Take control of the P2P cycle: Own end to end AP from PO to payment; establish a documented, controlled, auditable process across all entities.
  • Implement a digital approval workflow: Replace the daily 2–3 ad hoc approval emails with a system based, DOA aligned workflow routed by threshold; eliminate paper and print outs.
  • Enforce 3 way match & SoD: PO–GRN–invoice match on >95% of POs; segregate invoice entry, approval, and payment release; maker checker on vendor bank detail changes.
  • Eliminate duplicate & fraudulent payments: Build duplicate invoice controls, supplier bank validation, and an exception log; target zero duplicate payments post controls.
  • Clean & govern the vendor master: De duplicate and deactivate dormant vendors; complete KYC/AML and UBO capture; no new vendor without complete documentation and AP/CoE sign off.
  • Drive AP automation (OCR/AI): Deploy OCR/AI invoice capture to take the ~3,000 invoice manual load off the team; target >80% auto capture and >40% cut in processing time.
  • Own payment terms & working capital: Standardise and extend supplier terms (target +10 days DPO) without service disruption; manage the payment calendar and supplier relationships.
  • Reconcile aggregators & intercompany: Own reconciliation of aggregator commissions (Talabat / Careem / Deliveroo) and intercompany payables — clear ownership for who books what.
  • Close the stock in transit gap: Establish visibility and accrual discipline over shipped / in transit stock (incl. Maersk), customs and duty, and landed cost — currently no owner.
  • Fix physical & process controls: Address control gaps in the AP / warehouse environment (e.g., no CCTV coverage), goods receipt integrity, and document retention.
  • Build & document SOPs: Every AP transaction class with a documented, version controlled SOP; cross train to remove key person risk.
  • Prepare for the Phase 2 merge: Align process, controls, and master data to CoE standards so AP folds cleanly into Financial Control at 6–9 months.

Qualifications & Experience

  • Qualified or part qualified accountant — CMA / ACCA / CA or equivalent; strong P2P specialisation
  • 8–12 years in Accounts Payable / P2P, including 3+ years leading an AP team in a multi entity environment
  • F&B, hospitality, retail, or high volume multi outlet background strongly preferred
  • Proven track record automating AP (OCR / invoice capture / workflow) and cleaning vendor master data
  • Strong NetSuite (or equivalent ERP) AP module expertise; comfortable with bank API payments and approval workflow tools
  • Working knowledge of UAE VAT input tax rules, WPS, and KYC/AML & UBO requirements for vendor onboarding
  • Hands on, control minded leader able to run high volume processing while raising the control bar

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