Manager Accounts Payable Capex

3 weeks ago


Dubai, United Arab Emirates athGADLANG Full time

**Manager - Accounts Payable CAPEX**

athGADLANG is hiring a Manager Accounts Payable CAPEX on an urgent basis for one of its clients in Real Estate Development. The position is located in the Dubai, United Arab Emirates.

**Duration**:06 Months (Extendable)

**Responsibilities**:

- Oversee Accounts Payable CAPEX function for entities including developing, communicating, and implementing the function's policies and procedures ensuring adherence to relevant DOAs.
- Develop and implement Service Level Agreements (SLAs) for AP transaction processing activities.
- Develop AP policies and procedures in accordance with best practices, group policies by maintaining required internal controls and segregation of duties and ensure timely revision and compliance thereon.
- Lead AP system/process enhancements, automation and efficiency drives.
- Develop, improve and maintain budgetary controls in respect of CAPEX spending to ensure that the commitments and spending are in line with the approved budgets and relevant DOAs are complied with.
- Liaison with internal (Departments) and external (Suppliers/ Service Providers/ Affiliated Companies etc.) stakeholders to ensure smooth functioning of Accounts Payable CAPEX operations and meet service requirements
- Direct staff in the processing of all AP activity streams including receipt and processing of payment certificates along with invoices, resolution of exceptions and payment processing.
- Implement monitoring and reporting mechanisms to ensure compliance with policies and procedures. Implement AP transactional metrics reporting package to monitor operational performance.
- Establish reporting templates for management reporting and to measure process efficiencies.
- Timely review payable ageing and ensure payments follow due dates and balances are reviewed and reconciled.
- Develop and maintain payment cycles in accordance with business requirements and ensure compliance
- Responsible for implementing and maintaining a system of internal controls that will ensure that all financial reporting for CAPEX is prepared in compliance with financial policies, norms and best practices.
- Coordinate work relating to both internal and external (statutory, FAD etc.) for audits and review of the company financial records. Timely implement the recommendations for findings of auditors’, if any, and ensure compliance
- Oversee the monthly project progress and cash flow forecasts and management reports and assure accuracy, completeness and timely issuance.
- Alignment with the organization’s goals, operating models including effective communication with department heads throughout the organization and extended service providers and stakeholders.
- Monitor the working environment within the department and maintain performance driven work environment which promotes employee morale and positive employee engagement.
- Provide regular coaching, establish professional development plans and monitor progress of team.
- Liaison with the third parties such as Banks and RERA for administrating and managing Transaction Accounting System (TAS) and matters relating to Escrow Account management
- Maintain accurate, timely updated schedules for all balances relating to Accounts Payable area.

**Requirements**:

- Professional Accounting Qualification (Chartered Accountant, ACCA, CPA etc.)
- Minimum **10 Years** of experience with **3 years **of experience as a **Manager - Accounts Payable CAPEX**:

- Master’s Degree in Accounting or Finance (preferred).
- Experience in Oracle Financials or similar ERP System
- Strong IFRS Knowledge, VAT Compliance, hands on accounting and accounts payable experience in related industry (Real Estate or Construction).

**Only Immediate Joiners will be considered.**

**Job Types**: Full-time, Contract
Contract length: 6 months



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