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Associate Vice President

2 weeks ago

Dubai, Dubai, United Arab Emirates RAKBANK Full time 120,000 - 250,000 per year

Associate Vice President – Accounts Payable

About This Role:

As
Associate Vice President – Accounts Payable
, you will lead and manage the accounts payable function across the organization, ensuring accurate and timely vendor payments, compliance with internal controls, and efficient financial operations. You will be responsible for overseeing payment processes, accounting entries, and vendor relationships across the head office, units, and branches.

What You'll Be Doing:

  • Oversee and authorize accounting entries for invoices, payments, and other transactions in GL and Finacle systems.
  • Approve vendor payments, SWIFT transfers, manager's cheques, and account credits.
  • Ensure strict adherence to internal policies and procedures for payments and accounting.
  • Maintain and review MIS reports related to payments and accounting activities.
  • Monitor vendor payment turnaround times and ensure SLA compliance.
  • Review supplier aging reconciliations and approve month-end entries (HR, switch fees, postage, lease payments).
  • Manage utility bill payments, petty cash accounting, and TCC claims.
  • Reconcile suspense accounts and ensure accurate accounting for vendor contracts.
  • Handle vendor queries and complaints efficiently.
  • Recommend and implement automated solutions for improved control and efficiency.

What We're Looking For:

We're seeking a UAEN with strong leadership and technical expertise in accounts payable operations within a banking environment. The ideal candidate will have:

  • A
    Bachelor's degree
    in Finance, Accounting, or a related field.
  • Minimum 6 years of experience
    in a finance function, preferably within a banking environment.
  • Strong knowledge of
    GL accounting
    and banking systems (e.g., Finacle).
  • Proven experience in
    vendor management
    , reconciliation, and financial reporting.
  • Ability to manage high-pressure situations, especially during
    month-end closings
    .
  • Excellent
    decision-making
    and
    problem-solving
    skills.
  • Strong
    communication
    and stakeholder management abilities.
  • Experience in
    automation
    and process optimization for financial operations.
  • Must be a UAEN
    .

Skills:

  • GL accounting and financial systems expertise
  • Vendor reconciliation and payment processing
  • MIS reporting and financial analysis
  • Compliance and internal control management
  • Process improvement and automation
  • Strong interpersonal and leadership skills

What's In It For You?

  • Competitive, performance-linked compensation
  • Medical coverage for you and your family
  • Comprehensive life insurance
  • Inclusive and diverse workplace culture
  • Career development and fast-track growth opportunities
  • Mentorship from seasoned audit professionals