Job Description
· To ensure that payment is supported by Insurance, Performance Guarantees etc., if required by the contract. Ensure that proper supporting documents (Insurance Confirmation, Performance Guarantees) are attached and the contractual terms and conditions are met. · To verify the Letter of Credit (L/C) application, if any, and pass it on for further necessary action.
· To ensure that payments are in line with the Accounts Payable Procedure and terms and conditions of the Contract/Purchase Order/Service Work Order and Accounting Guidelines and proper account code is affixed.
· To verify Water & Electricity/Telephone payments and ensure that personnel deductions are initiated. · To ensure that Petty Cash entered into the sub-system are interfaced to SMART STREAM.
· To ensure that payments do not exceed the ceiling value of the contract and in cases of liquidated damages, and that deductions are made prior to the processing of payments. Also ensure that the proper records of retention and advances are maintained and invoices taken into consideration the same.
· To ensure proper supporting documents in case of waiver of liquidated damages and submits to the Controller.
· To ensure that Provisional Acceptance Certificates (PACs) are attached in case of final payment of the contract. Upon receipt of Final Acceptance Certificates (FACs) and upon completion of contractual obligations, authorizes the release of Retentions, Performance Guarantees etc.
· To perform reconciliation of Accounts Payable Statement of Accounts, Supplier Statements, Retention, Advances and Accrual accounts in order for the smooth closing of Accounts Payable Accounts.
· To prepare Journal Vouchers for Year-end accrual adjustments, co-ordinate the preparation of Year-end Accruals and reconcile the same quarterly and report the results to appropriate department for clearance.
· To liaise with External and Internal Auditors performing auditing duties.
Desired Candidate Profile
Qualification: CPA or equivalent or MBA in Finance & Accounting Experience: Minimum 10 years experience [ in a supervisory capacity in Accounts Payable Department (Oil & Gas Industry) - as detailed in the attached Job Description ]. However in exceptional cases candidates with Bachelor's Degree in Accounting with minimum 15 years expeince may also be considered. Additional Requirements : Additional Requirements: Hands-on experience in ORACLE Financial package; working knowledge in Maximo version 6.2 will be an added advantage.
Education Qualifications
This Job does not require any Graduation.
Contact Details
Company Name:ASAS HUMAN RESOURCES L.L.C.
Address:3374, Abu Dhabi, United Arab Emirates (UAE)
Recruiter:Justin Thomas
Recruiter Contact: jthomas01@almansoori.biz