Accounts Payable Executive | FIVE Hotels
Company Name: FIVE Hotels
Qualification: Masters & Bachelors Degree
Location: Dubai, United Arab Emirates
Salary Range: 8,000 AED – 10,000 AED
Company Size: 500 – 1000 Employees
Other Benefits: Medical Insurance | Bonus
Employment: Full Time
About Company
Are You Ready for a Daring Challenge with The World’s Hottest Luxury Hotel Group? Disruptive by Design, FIVE Hotels and Resorts is Redefining ‘FIVE-Star’ Hospitality and Setting the Gold Standard across the Industry.
Join the FIVE Tribe – and Get Ready to Make Waves.
Job Description/Role
What We’re Looking For
- A Bachelor’s Degree in Finance/Commerce or a related field is preferred.
- 2-3 years of Experience in a similar or related role.
- Preference CA Inter/Semi Qualified, knowledge of UAE VAT Regulations.
- Impeccable Negotiation and Communication Skills, both verbal and written, with fluency in English.
- Remarkable understanding of Credit Risk Management principles and practices.
- Excellent analytical and decision-making skills.
- Superior Problem-Solving Skills and the competence to Exceed Expectations in dynamic and competitive operational environments.
- Strong familiarity with and understanding of relevant Financial Software and Systems.
- A hands-on attitude, fuelled by a ‘Can-Do!’ Spirit.
Key Responsibilities
- Books and Processes Vendor Invoices accurately and efficiently using the Sun system, ensuring proper coding, authorisation, and documentation.
- Reconciles Vendor Statements, investigates, and resolves discrepancies in a timely manner, collaborating with vendors and internal stakeholders as needed.
- Performs regular Bank Reconciliations to ensure sensational Accuracy and Completeness of financial transactions.
- Prepares and Performs Payment Runs, including vendor/supplier payments, payroll salary administration, and other disbursements, ensuring adherence to payment terms and company policies.
- Maintains Accurate Records of accounts payable transactions in the general ledger and ensures they are properly Documented and Archived for auditing purposes.
- Assists in Month-End Closing activities including accruals, account reconciliations, and preparation of reports for management review.
- Monitors Accounts Payable Ageing and takes proactive measures to ensure timely payments to vendors, minimising the risk of late fees and penalties.
- Collaborates with Procurement and other Departments in a ‘FIVE-Star’ Manner to Resolve Invoice and Payment-Related Issues, providing exceptional service to both internal and external stakeholders.
- Reviews and Reconciles ‘FIVER’ Expense Reports, ensuring next-level compliance with Company Policies and accurate recording in the general ledger.
- Assists with Audits by providing necessary documentation and reconciliations, and Support to Auditors, ensuring Compliance with Internal Controls and Regulatory Requirements.
- Ensures Systematic Formal Approval of Invoices and related supporting documents from Heads of Department and Management.
- Ensures ‘FIVE-Styled’ Compliance with Internal Policies and external Regulatory Requirements.
To apply for this job email your resume to [email protected]