Job Summary
We are looking for an experienced Accounts Payable Accountant with real estate accounting experience and hands-on knowledge of Oracle NetSuite. The candidate will be responsible for managing the complete Accounts Payable cycle, ensuring accurate and timely processing of supplier invoices, payments, reconciliations, and month-end closing activities.
Key Responsibilities
Manage the full Accounts Payable cycle for real estate entities and properties.
Receive, review, verify, and process supplier invoices, ensuring proper approvals and supporting documentation.
Record and process invoices, credit notes, debit notes, and payment transactions in Oracle NetSuite.
Ensure accurate coding and allocation of invoices to the correct entity, property, project, department, cost center, and account.
Process property-related invoices, including maintenance, utilities, service charges, property management fees, contractors, consultants, insurance, and other operating expenses.
Verify invoices against purchase orders, contracts, work orders, delivery notes, and approved supporting documents.
Maintain accurate supplier/vendor master data and ensure proper vendor account setup in NetSuite.
Perform regular supplier statement reconciliations and resolve discrepancies and outstanding balances.
Prepare payment requests and payment schedules based on agreed supplier credit terms and management approvals.
Monitor AP ageing and ensure timely settlement of outstanding supplier balances.
Reconcile the Accounts Payable sub-ledger with the General Ledger and investigate any differences.
Record and monitor accruals, prepayments, and outstanding expenses relating to properties and projects.
Assist with monthly, quarterly, and year-end closing activities and ensure all liabilities are properly recorded.
Prepare AP ageing reports, outstanding payment reports, and other management reports as required.
Coordinate with property management, procurement, finance, suppliers, and other departments to resolve invoice and payment issues.
Maintain complete and organized supporting documentation for audit and tax purposes.
Assist with VAT, Corporate Tax, audit, and financial reporting requirements.
Ensure compliance with company accounting policies, internal controls, and applicable accounting standards.
Utilize NetSuite reports and dashboards to monitor AP transactions, vendor balances, and payment status.
Perform other accounting and AP-related duties as assigned by management.
Desired Candidate Profile
Requirements
Bachelor's degree in Accounting, Finance, or a related field.
3–5 years of Accounts Payable experience, preferably within the UAE real estate or property management sector.