Senior Accountant – Accounts Payable

athGADLANG is looking for a Senior Accountant (Payable) for an esteemed Client.

Key Responsibilities: Budgetary Control

Review purchase requisitions and monitor budget adequacy.
Implement budgetary controls to ensure that expenditures are within budget and appropriate controls are in place.
Business Partnering Activities

Manage the receipt and release of guarantees.
Oversee the issuance of approvals for contractor assignments.
Liaise with business partners within and outside DHRE to finalize contracts and transactions.
Support the monitoring and execution of SLAs with shared services, ensuring consistent service delivery and compliance with performance KPIs.
Collaborate with shared services and third parties on day-to-day activities, resolving issues and ensuring effective service delivery.
Provide solutions to cross-functional issues in a fast-paced environment, proactively identifying problems and developing effective solutions.
Contribute to corporate-level projects, supporting company goals and demonstrating adaptability.
Maintain functional procedures, internal controls, and reporting in alignment with company policies, IFRS, and applicable laws and regulations.
Project Capex Review

Review and allocate infrastructure costs and month-end accruals for projects, provision for EOT, claims, and other Capex activities.
Prepare capital work-in-progress reconciliation at the project level.
Review the allocation of DEWA costs across verticals.
Assist in the review of substation cost-share calculations, ensuring accurate and fair charging to investors.
Assist in impairment reviews of capital work-in-progress.
Assist in reviewing payroll provided by the project teams to respective projects.
Analyze project cost reports for both built-to-sell and infrastructure projects, identifying cost overruns or inefficiencies, and providing recommendations.
Prepare ad-hoc reports and analysis as requested.
Maintain strong relationships with key stakeholders across various departments to foster collaboration and alignment.
Play a key role in optimizing accounts payable processes, ensuring timely and accurate vendor payments, and enhancing financial transparency.
Reporting and Audits

Support shared services in monthly closing activities.
Review project cost accruals, cost reports, and capital work-in-progress analysis provided by the project teams.
Review Accounts Payable (AP – Opex and Capex) schedules and supplier reconciliations.
Assist in statutory audit requests from the Reporting or Internal Audit teams, ensuring effective communication and timely provision of information.
Process and Policies Review

Review and update accounts payable (AP) processes and policies, including segregation of duties.
Participate in the implementation of Unifier (Oracle tool).
Seek automation opportunities for controls across DHRE using financial systems and technology to enhance control design and effectiveness.
Identify opportunities to streamline and automate AP workflows for increased efficiency.
IFRS / Accounting Technical Aspects

Review monthly Percentage of Completion (PoC) calculations for DHRE projects, ensuring compliance with IFRS and collaborating with Development and Infrastructure teams for accurate revenue recognition.
Qualifications & Experience:

Minimum Qualifications:

Chartered Accountant qualified or ACCA preferred.
Advanced proficiency in Microsoft Excel.
Experience:

At least 5 years of experience in a senior accountant or similar role.
Audit firm experience preferred.
Experience in the real estate industry is a plus.
Proficiency in Oracle R12/Oracle Fusion and Salesforce ERP systems.

Other Requirements:

UAE driver’s license required.
Candidates must be immediately available.