Accountant-Payables | Enova by Veoila

A well-known and well-reputed Company based inĀ 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 “Accountant-Payables”.

Company Name
Enova by Veoila
Qualification Bachelors Degree | Masters DegreeĀ 
Experience 4 – 5 years of Relevant Experience Required
Monthly Salary 6,000 AED ā€“ 7,000 AEDĀ 
Employment Type FullĀ Ā Time | Permanent
Company Size 50 – 100 Employees
Benefits Medical InsuranceĀ 
Location Dubai

Job Purpose

To work in the assigned area of accounting (Accounts Payable, Inventory Management, Fixed Assets, and related transactions/reports). Working closely with the Line Manager and related departments/sections on internal controls and compliance issues, audits, and relevant data inputs to ensure that financial statements in the assigned accounting area are accurate and transactions are in compliance with the Companyā€™s policies and procedures, regulatory requirements, and financial and accounting reporting standards.

Key Accountabilities

Accounts Payable

  • Reviewing and timely recording & payment of supplier invoices in ERP system as per the internal policies and procedures.
  • Validating and Recording Petty cash expenses submitted from various sites and departments.
  • Regular monitoring and control of advances to suppliers and other balance sheet schedules.
  • Recording intercompany entries and effectively controlling and reconciling intercompany accounts at each reporting period.
  • Efficient management of Trade Payables and timely reconciliations of these modules with the GL.
  • Efficient cash management of the assigned entity with regularly updated cash flow projections
  • Regular monitoring and control of advances to suppliers and advances from customers

Fixed Assets and Inventory Management

  • Maintaining the FAR of the company and ensuring proper reconciliations are performed on a periodic basis
  • To ensure that all the assets are properly tagged, and the tagging details are updated in the system.
  • To perform proper reconciliation of inventory on a monthly basis
  • Plan coordinate and perform physical inventory count on periodic basis as per the policy
  • Perform periodical reassessment of provisions related to inventories
  • Ensure proper reconciliation between inventory management system and financial system and perform sub ledgers and module reconciliations.

Workload Planning

  • Develop weekly workload planning schedules in conjunction with the line manager, taking a proactive approach to tasks, in order to efficiently manage own workload
  • Develop the workload plan for the assigned area of accounting and monitor its implementation in order to ensure adherence to the plan and modifications as necessary

GL, Financial Reporting

  • Responsible for month-end close and accounting activities for Inventory, Fixed Assets, Accounts Payable.
  • Prepare entries related to monthly closing process.
  • Monitor and reconcile AP Aging, Inventory Aging and Fixed Assets Register.

Internal Controls And Compliance

  • Ensuring compliance to all relevant policies and procedures.
  • Identifying the compliance issues within relevant processes and escalating to the relevant senior stakeholders and ensure proper safeguards are in place.
  • Provide support in the Internal and External audit process as required for the relevant functions.

Quality, Health, Safety, & Environment

  • Ensure compliance, where applicable and relevant, to all relevant quality, health, safety and environmental management procedures and controls within a defined area of activity to guarantee employee safety, compliance, delivery of high quality products/service and a responsible environmental attitude

Related Assignments

  • Perform other related duties or assignments as directed

Qualifications, Experience and Skills

  • Bachelor’s degree & equivalent business experience; professional accounting qualification would be added advantage
  • 4 – 5 yearsā€™ experience in Accounts Payable and Inventory Management
  • Communication skills, particularly in regards to presenting the results of analyses to management; advanced Excel skills and knowledge of electronic spreadsheets.

Accounting & Finance