Sr. Accountant

What's On Your Plate?

1. Vendor Payment Management

• Manage and schedule timely disbursement of vendor payments through bank transfers and cheques.
• Oversee the end-to-end payment cycle, ensuring accuracy, authorization, and adherence to company policies.

2. Invoice Verification & Processing

• Review and process supplier invoices, ensuring accurate matching with purchase orders (POs), contracts, and goods receipts.
• Address discrepancies in billing promptly by coordinating with procurement and receiving departments.

3. Vendor Account Reconciliation

• Regularly reconcile vendor statements to the general ledger.
• Investigate and resolve variances, debit/credit issues, and disputed invoices in collaboration with vendors and internal stakeholders.

4. AP Reporting & Monitoring

• Maintain and monitor the Accounts Payable aging report, ensuring timely resolution of outstanding balances.
• Track due and overdue invoices and escalate issues as needed to maintain healthy supplier relationships.

5. Bank & Transaction Reconciliation

• Reconcile bank accounts related to supplier payments and customer refunds.
• Ensure all AP transactions are accurately recorded in the ERP system.

6. Compliance & Audit Support

• Ensure full compliance with UAE financial regulations, VAT requirements, and IFRS standards in all payables-related transactions.
• Prepare and maintain comprehensive documentation to support internal, external, and VAT audits.

7. Internal Controls & Process Improvement

• Develop, implement, and continuously improve AP policies, procedures, and internal controls.
• Identify areas for automation and efficiency improvements within the AP function.

8. Cross-Department Collaboration

• Liaise with finance, operations, procurement, and other departments to ensure smooth execution of payment cycles and issue resolution.
• Provide financial insights and support for cross-functional initiatives as required.