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Senior Payable Accountant (UAE Nationals)

Hamdan Bin Mohammed Smart University
Dubai, UAE
Full Time
Senior
1 months ago
Accounts PayableFinancial ReportingIFRSVAT AccountingERP SystemsMS Office
Free

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Job Summary

  • The Senior Payable Accountant will oversee and manage all aspects of the payable operations, ensuring accurate and timely processing of payments while maintaining strong relationships with suppliers and partners.
  • This role will be responsible for monitoring and controlling the amounts owed for goods and services purchased on credit, both short term and long term.
  • The Senior Payable Accountant will play a crucial role in maintaining financial compliance and implementing efficient payment processes.

Essential Duties and Responsibilities

  • Lead and supervise the payable accounting team, providing guidance, training, and support to ensure smooth functioning of payable operations.
  • Prepare comprehensive monthly payable reports, including creditors aging report, monthly payment report, supplier reconciliation statement, accounts payable & accrued purchases report, etc.
  • Conduct in depth reviews of payable documents, ensuring accuracy and compliance with relevant documentation such as invoices, contractual agreements, purchase orders, payment terms, and approvals.
  • Process payments to partners, suppliers, associates, staff, petty cash, accreditation, etc., utilizing approved payment channels and adhering to company policies and procedures.
  • Perform periodic reconciliations of beneficiaries' statements of account, coordinating balance confirmations with partners, and analyzing credit limits for creditors.
  • Ensure proper general ledger accounting distribution for all invoices and expenses, considering the nature and organizational structure of transactions.
  • Collaborate closely with the supplier relationship unit to monitor and address long aged payable dues and accrued purchases.
  • Reconcile payable related general ledger accounts, such as advance to supplier, sundry creditor, and accrued purchase accounts, and investigate and resolve any abnormal variances.
  • Prepare adjustments transactions, including debit/credit notes, upon approval for reversed activities, cancelled purchases, or sales refunds.
  • Ensure accurate and timely VAT accounting and compliance with all payable account transactions in accordance with Federal Tax Authority (FTA) laws and regulations.
  • Adhere to local and externally relevant health and safety and information security laws and policies.
  • As applicable liaises and coordinate with information security stand up committee and AIT to ensure effective implementation of security initiative.

Required Qualifications

  • Professional Experience: Minimum 2 years of relevant experience in payable accounting, with at least 1 year in a supervisory or senior role.
  • Bachelor’s degree in accounting, from an accredited University.
  • Thorough knowledge of international financial and reporting standards (IFRS), and up to date with all updates on local laws, federal laws, and financial standards.
  • Ability to handle sensitive and confidential information with a high degree of integrity and commitment.
  • Proficient in identifying and assessing potential or existing financial risks or losses, promptly reporting to higher management.
  • Demonstrated ability to work independently in a high volume environment, managing multiple priorities and delivering assignments on time.
  • Strong leadership and team management skills with a self motivated, flexible, and vision oriented approach.
  • Excellent written and verbal communication, presentation, and negotiation skills.
  • Ability to work under pressure, exhibit poise, composure, and confidence in stressful or high pressure situations, and take on extra duties as needed.
  • Advanced analytical and problem solving skills, capable of analyzing situations promptly.
  • Expertise in computerized accounting financial software applications, ERP systems, and proficiency in MS Office applications, communication software/apps, etc.
  • Excellent interpersonal skills and ability to build effective relationships with internal and external stakeholders.

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