Accounts Payable Manger Full Time NEW

About us: Arabian Oud’s long journey began in the traditional former marketplace of Riyadh, Souk al-zal, intending to source one of the rarest scent profiles on earth, Oud, which has been a staple in Middle Eastern perfumery for centuries. Today, the Arabian Oud fragrance house – headquartered in Saudi Arabia – is a global brand with over 1200 stores in many parts of the world, and 400 distinctive products in its collection, spread over 37 countries. Our signature stores thrive in Paris, Dubai, Milano, Madrid, Nice, Berlin, New York, Kuala Lumpur, London Oxford Street, Westfield Stratford, and Westfield London.

Job Purpose: The Accounts Payable Manager is responsible for overseeing the accounts payable processes, ensuring compliance with organizational policies, procedures, regulatory requirements, and international financial reporting standards. The role involves managing the period-end close, reviewing financial transactions for accuracy, and maintaining strong internal controls and accounting procedures to ensure the integrity of the company’s financial records.

Duties and Responsibilities:

• Ensure that all financial Invoices/Payments accounting transactions comply with the organization’s policies, procedures, regulatory requirements, and international financial and accounting reporting standards.
• Ensure compliance with local legal requirements by studying existing and new legislation, enforcing adherence to requirements, advising management on needed actions.
• Oversee the accounts payable period-end close including accounts analysis.
• Ensure the accuracy of Accounts Payable transactions and ongoing integrity of General Ledger (GL) interfaces.
• Ensure that the accounts payable books are kept up-to-date and that accounting transactions are properly checked and reviewed to ensure accuracy of records.
• Prepare and review invoices (with or without POs) and secure further approvals as per delegation of authority.
• Review prepayment invoices prior to posting on the system.
• Prepare and review list of transactions for period end closing.
• Monitoring Suppliers’ aging report assuring no over aged payments/advances.
• Implement accounting system, procedures, and internal controls.
• Close interaction with Treasury department for cash projections and forecasted cash position.

Required Qualifications:

• Bachelor’s degree in Accounting.
• Professional certifications such as CPA, ACCA, or CMA are a plus.
• More than three years of experience in Oracle E-Business Suite.