Senior Payable Accountant (UAE Nationals)

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 the 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.

  
  

• Handle any other responsibilities assigned by the line manager.

  
  

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.