A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Finance Executive-Accounts Payable”.
Company Name |
Al Futtaim, Dubai |
Qualification | Bachelors Degree | Masters Degree (Commerce) | Post Graduate (Diploma/Degree) | CA |
Experience | 2 – 3 years of Relevant Experience Required |
Monthly Salary | 5,500 AED – 6,000 AED |
Employment Type | Full Time | Permanent |
Company Size | 50-100 Employees |
Benefits | Medical Insurance |
Location | Dubai |
No two days are the same at Al-Futtaim, no matter what role you have. Our work is driven by the desire to make a difference and to have a meaningful impact with the goal of enriching everyday lives . Take our engaging and supportive work environment and couple it with a company culture that recognises and rewards quality performance, and what do you get? The chance to push the limits every single day.
As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. You’ll find us in industries ranging from automotive and retail, to finance and real estate, and connecting people with international names like Lexus, Ikea, Robinsons, and Adidas. Our team is proudly multicultural and multinational because that kind of diverse representation gives us the global mindset to grow and impact the people, markets, and trends around us.
Come join us to live well, work better, and be the best.
Job Purpose
The role incumbent is to ensure timely management of supplier invoices, petty cash controls, corporate credit card review and reconciliations. The job responsibilities include: Vendor creation, submission of Invoices after verifying the same with PO & GRN and ensuring timely payment to vendors, maintaining a proper audit trail for the same and reporting to the finance management.
Job Description
- Coordinating with vendors in collecting details for vendor registration.
- Coordinating with vendors on invoices missed for the payment cycle, obtain the invoices and submit to AP SSC with all supporting documents
- Liaise with the procurement team in timely creation of POs
- Coordinating with internal teams (Procurement & pharmacy) to correct mistakes in PO & GRN and clear Document processing
- Coordinate with UICs across all the units for timely submission of invoices once goods are received.
- Arrange for approvals for out of run payments, raise Service request and coordinate with payments team to release the payment
- Arrange for advance payments for PO & Non PO based invoices/proforma invoices on requests from various user departments
- Respond to vendor queries on payment status
- Manage corporate credit cards reconciliations timely basis
- Coordinating with AP SSC for obtaining the proof of payments where required by vendors
- Coordinating with AP SSC for clearing advances made to vendors against tax invoice, once services are rendered/goods are delivered
- Arrange for correct invoices in case of incorrect TRN, incorrect company name and absence of address
- Arrange for VAT compliant credit notes from suppliers as per AF Group checklist
- Maintain tight overall control over Payable days and prepare monthly summary for Management.
- Compile weekly payable statics and work closely with team to ensure Cash Flow projections are updated.
- Analyze unit wise payable days and identify outliers if any.
- Close monitoring of payable and timely flagging it to Line Manager when it goes beyond targeted range
- AP SSC from HIS for data validation and verification
- Ad hoc reports and analysis as required by Line Manager
Education
Bachelor’s Degree in Commerce.
Chartered Accountancy or master’s in commerce/Post Graduate degree/Diploma in Finance is preferable.
Minimum Qualifications And Knowledge
Bachelor’s Degree in Commerce. Post Graduate degree/Diploma in Finance is preferable.
Minimum Experience
Minimum 2 to 3 years in a similar role
Job-Specific Skills
Have knowledge to undertake the below mentioned multidisciplinary tasks;
- Accounting Software
- MS Office
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