Position Title: Accounts Payable & Accounts Receivable Officer

Location: Dubai, United Arab Emirates

Department: Finance

Professional Qualification: At least at the final level of ACCA, CIMA, ICAEW, or ICAI

Job Purpose:

The Accounts Payable & Accounts Receivable Officer will support the Head of Finance by independently managing the organization’s payable and receivable accounts with the highest levels of confidentiality and integrity. This role is essential in ensuring that financial transactions are accurate, timely, and compliant with company policies and regulations. Candidates must demonstrate loyalty, discretion, and a strong commitment to maintaining the confidentiality of sensitive financial information and trade secrets.

Accounts Payable Responsibilities:

• Invoice Processing: Accurately verify, code, and post invoices into the system, ensuring adherence to company policies and proper GL coding.
• Vendor Reconciliation: Conduct regular reconciliations of vendor statements to identify and resolve discrepancies.
• Payment Processing: Prepare payments to vendors as per agreed payment schedules, managing cash flow requirements.
• Expense Tracking: Monitor company expenses, ensuring proper authorization before processing payments.
• Records Management: Maintain detailed and organized records of AP transactions for audit and reporting purposes.

Accounts Receivable Responsibilities:

• Invoicing: Issue timely and accurate invoices to customers.
• Collections: Follow up on outstanding accounts, ensuring timely receipt of payments and managing any disputes professionally.
• Reconciliation: Perform monthly AR reconciliations, addressing discrepancies as needed.
• Credit Management: Assist in monitoring customer credit limits to minimize overdue balances.
• Reporting: Prepare aging reports, collections analysis, and other financial reports for management review.
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General Finance Support:

• Monthly Closing: Participate in month-end closing processes, ensuring that all accounts are reconciled, accurate, and completed on time.
• Financial Reporting: Assist in month-end and year-end closings, performing reconciliations and adjustments.
• Budget Assistance: Provide support to the Finance team during budgeting and forecasting by providing accurate AP and AR data.
• Audit Preparation: Assist with internal and external audits, preparing necessary documentation.
• Compliance and Documentation: Ensure compliance with UAE regulatory standards, including VAT requirements.

Qualifications & Skills:

• Educational Background: Bachelor’s degree in Accounting, Finance, or related field. Must be at least at the final level of ACCA, CIMA, ICAEW, or ICAI.
• Experience: Minimum of 5 years in accounting roles, with at least 3 years of experience in the UAE in a similar capacity.
• Technical Skills: Proficiency in accounting software (e.g., SAP, Oracle, QuickBooks) and ERP systems, with advanced skills in MS Excel.
• Knowledge: Strong understanding of UAE VAT regulations, GAAP/IFRS standards, and cash flow management.
• Ability to Meet Deadlines: Able to work efficiently under tight schedules and handle time-sensitive tasks with a high degree of accuracy.

Personal Attributes:

• Integrity & Confidentiality: Demonstrates ability to handle sensitive financial data with the utmost discretion.
• Hardworking & Diligent: Strong commitment to meeting deadlines and ensuring accuracy.
• Good Personal Skills: Possesses strong interpersonal skills, including effective communication, adaptability, and the ability to work well with others.
• Discretion & Tact: Skilled at maintaining professionalism in communications with vendors and clients.
• Reliability & Loyalty: Dedicated to the company and long-term career growth, embodying loyalty and trustworthiness.

Career Development:

• Rapid promotion and career growth opportunities available for high-performing individuals, providing pathways to leadership roles within the finance department.
• This role is ideal for a finance professional with strong personal skills, able to build positive working relationships, manage tight schedules, and handle monthly closing activities. This is an excellent opportunity for individuals who are committed to accuracy, confidentiality, and career growth.

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