Job Description

Overall Job Objective

The Senior AP Accountant is responsible for managing OMNIYAT's accounts payable process, ensuring accurate and timely payment of invoices, and maintaining strong relationships with vendors and service providers. This role is also responsible for ensuring compliance with internal controls and financial policies, while optimising processes to improve efficiency in the accounts payable function.

Day to Day Tasks:

Analyze and review all accounts payable transactions to ensure accuracy, compliance, and alignment with OMNIYAT's internal policies and procedures. Coordinate with vendors and internal departments to resolve any discrepancies in billing, invoicing, or payments promptly. Develop and maintain an efficient accounts payable workflow to ensure timely and accurate processing of all incoming invoices. Evaluate and ensure that payments are processed in compliance with contractual agreements, internal policy, and UAE regulatory requirements. Provide regular reports on the accounts payable status to senior management, highlighting key performance indicators (KPIs), outstanding balances, and cash flow impact. Facilitate the timely approval of invoices, working closely with department heads and management to ensure all documentation is accurate and complete. Optimize the accounts payable process by identifying and implementing improvements to enhance efficiency and reduce processing times. Liaise with external vendors, service providers, and suppliers to ensure smooth and accurate processing of invoices and payments. Recommend process improvements and technology enhancements to streamline the accounts payable function and improve operational efficiency. Conduct monthly reconciliations of accounts payable transactions to ensure accuracy and alignment with the general ledger. Evaluate vendor payment terms and assess opportunities for cost savings or improved payment arrangements. Coordinate with the finance team to ensure proper cash management and adequate funding is available for all scheduled payments. Monitor outstanding payables and follow up with departments or vendors for timely resolution of overdue invoices. Analyze payment terms, early payment discounts, and other financial metrics to ensure that the company is optimising its financial position. Provide support during internal and external audits, ensuring all accounts payable transactions are well-documented and in compliance with relevant standards. Develop and maintain a strong system of internal controls for managing the accounts payable process and safeguarding company assets. Recommend changes to policies and procedures as necessary to enhance the accuracy, efficiency, and security of the accounts payable process.

Skills & Experience:

Bachelor's degree in accounting or equivalent 7-10 years of experience as an AP Accountant, preferably in the real estate development industry. Strong understanding of accounting principles and financial controls. Proficiency in accounting software and Microsoft Office Suite, particularly Excel. Excellent organisational and time-management skills, with the ability to handle multiple tasks and meet deadlines. Strong communication and interpersonal skills Experience with ERP systems (e.g., SAP, Oracle) is a plus * Certification in accounting (e.g., ACCA, CPA) is a plus.