Senior Accountant - Accounts Payable

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
• This a 6 months renewable contractual position