Assistant Manager - Accounts Payables (Hypermarket Experience) U A E

Gulf Group Holding, a renowned business group in Ras Al Khaimah for over five decades, is currently seeking to hire an Assistant Manager - Accounts Payables. The group operates in various sectors, including construction, MEP, hypermarket retail, ready-mix concrete, healthcare, explosives, bakery, printing press, and real estate.

Group Company: RAK National Markets, a leading player in the retail sector in Ras Al Khaimah, currently operates 10 hypermarkets across different locations in the region.

Position Details

• Position Title: Assistant Manager - Accounts Payables
• Location: Ras Al Khaimah, UAE
• Salary: AED 7,000 to AED 8,000 per month + standard expat benefits

Qualifications

• Education:
  • Bachelor’s Degree (required)
  • Master’s Degree with a professional qualification (desired)
• Experience:
  • Minimum of 5+ years of related work experience, preferably in a retail supermarket environment
  • Strong expertise in managing invoice processing, reconciling supplier statements, and ensuring timely payments
  • Proficiency in SAP HANA 4 and MS Office
• Skills:
  • Solid knowledge of accounting principles and local financial regulations, including VAT
  • Strong negotiation and communication skills
  • Excellent presentation skills

Key Responsibilities

• Process and verify supplier invoices, ensuring all necessary documentation and authorization are provided
• Accurately enter invoices into the accounting system in a timely manner
• Prepare and process payments through various methods (cheques, bank transfers, etc.)
• Reconcile supplier statements and promptly resolve any discrepancies with vendors
• Obtain periodic balance confirmations and support the annual financial audit
• Maintain accurate and organized records of all payable transactions
• Assist in month-end closing activities by preparing accounts payable reports and necessary data
• Ensure compliance with company policies and local regulations, including VAT
• Prepare and manage cash flow for payables, ensuring efficient cash flow management
• Implement and transform the payable function, including moving towards a system-based, host-to-host payment process
• Manage BDA and other income performance, account for periodic accrual, and follow up on BDA revenues
• Participate in payment term negotiations to secure favorable terms for the organization
• Review all CapEx and purchase order requests
• Collaborate with the IT department to improve performance using IT applications
• Assist with supplier communication regarding payment status and resolve inquiries
• Maintain a filing system for financial documents and invoices
• Support the finance team during audits by providing required documentation

How to Apply

Interested candidates can apply by sending their updated CV to hr@gulfgroup.ae. Please mention “Assistant Manager - Accounts Payables” in the subject line of your email.

Alternatively, candidates can submit their CVs in person by visiting Gulf Group Holding’s Head Office in Nakheel, Ras Al Khaimah. To meet with an HR representative, contact 07-2221414 Ext 45 for further information.

This is a fantastic opportunity for finance professionals with retail hypermarket experience to join a well-established company in the UAE.