Accounts Payable Accountant

Job Purpose:
The Accounts Payable Accountant will be responsible for managing the accounts payable function for Power UAE. will ensure timely and accurate processing of invoices, purchase orders, and payment requests to vendors, suppliers, and contractors in compliance with the company's policies and procedures. The Accounts Payable Accountant will also be responsible for maintaining accurate records of accounts payable transactions and providing support to the finance team as required.
Key Accountabilities:
- Ensure all invoices and payments are processed accurately and in a timely manner to avoid any late payment penalties or interest charges.
- Manage the accounts payable aging report to ensure timely payment of invoices and avoid any overdue payments.
- Manage vendor relationships and communicate with vendors, suppliers, and contractors regarding any issues related to invoices or payments.
- Assist with month-end closing procedures, including reconciling accounts payable to the general ledger and preparing related journal entries.
- Assist with the annual audit process by providing necessary documentation and responding to auditor inquiries related to the accounts payable function.
- Monitor and report on accounts payable metrics, including invoice volume, payment accuracy, and vendor performance.
- Develop and maintain accounts payable policies and procedures to ensure compliance with company and regulatory requirements.
- Identify opportunities for process improvements and automation in the accounts payable function to increase efficiency and reduce errors.
- Train and provide guidance to other finance team members, as needed, on accounts payable processes and procedures.
- Stay informed of industry trends and best practices related to accounts payable and make recommendations for improvements to the finance team.