Description

Job Overview

Majid Al Shamsi Enterprises LLC is seeking an experienced Accounts Payable Accountant to join our finance department in Dubai. This role is ideal for candidates with a strong background in accounts payable within the construction or project-based sectors. The position involves managing supplier payments, handling subcontractor accounts, and ensuring accurate cost allocation in a fast-paced environment.

Key Responsibilities

The successful candidate will be responsible for overseeing the complete Accounts Payable process for both local and international suppliers. This includes performing thorough three-way matching of purchase orders, goods receipt notes, and invoices to guarantee precise invoice recording. You will also handle subcontractor payments, including retention tracking, advance recovery, and certified payment applications.

Additionally, the role requires processing import invoices and managing LC/TT transactions along with related import documentation. Proper allocation of all landed costs, such as freight, insurance, customs duties, clearance, and transportation, is essential to maintain accurate expense reporting. Accurate cost distribution to projects, cost centers, and work in progress (WIP) will also be required.

Other duties include preparing bank reconciliations, investigating any discrepancies, monitoring vendor aging reports, and ensuring payments are made within agreed credit terms. Supporting month-end closing activities, GRNI accruals, audits, and financial reporting will be part of the responsibilities.

Required Skills and Qualifications

Applicants should hold a bachelor’s degree in Accounting, Finance, or Commerce and have between five to six years of experience specifically in accounts payable. At least two years of experience in construction, contracting, or project-driven organizations is mandatory for this role.

Strong expertise is required in import procurement processes, including LC handling and landed cost accounting. Familiarity with project costing, job costing, and WIP accounting is critical. A solid understanding of Incoterms and import documentation procedures is needed for effective transaction processing.

Knowledge of VAT regulations and customs duty treatments is also expected. Candidates must demonstrate proficiency with ERP systems, ideally Odoo, and have advanced Excel skills. Strong coordination and communication abilities are essential to collaborate effectively with internal teams and external vendors.

How to Apply

If you meet the qualifications and are interested in this opportunity, please submit your updated resume to malathy.subburayan@alshamsi.com for consideration.