DHLE_Finance Manager - Accounts Payable

Merex Investment Group

Key Accountabilities.

• Develop, improve and maintain budgetary controls in respect of spending to ensure that the commitments and spending are in line with the approved budgets and relevant DOAs ensuring compliance.
• Manage Accounts Payable (AP) function for DHLE entities including developing, communicating, and implementing the function's policies and procedures ensuring adherence to relevant DOAs.
• Develop and implement Service Level Agreements (SLAs) for AP transaction processing activities in accordance with best practices ensuring timely revision and compliance.
• Responsible for implementing and maintaining a system of internal controls that will ensure that all financial reporting and prepared in compliance with financial policies, norms and best practices.
• Be a point of contact such as Banks and RERA (Real Estate Regulatory Authority) for administrating and managing Transaction Accounting System (TAS) and matters relating to Escrow Account management.
• Develop and maintain payment cycles and accurate schedules for all balances relating to Accounts Payable in accordance with business requirements and ensure compliance.
• Provide guidance to staff in the processing of all AP activity streams including receipt and processing of payment certificates along with invoices, resolution of exceptions and payment processing.
• Lead AP system/process enhancements and automation and Implement AP transactional metrics reporting package to monitor operational performance.
• Review payable ageing, ensure payments are made on due dates and balances are reviewed and reconciled as per agreed KPI s.
• Coordinate work relating to both internal and external (statutory, FAD etc.) for audits and review of the company financial records. Timely implement the recommendations for findings of auditors , if any, and ensure compliance
• Liaise with internal (Departments) and external (Suppliers/ Service Providers/ Affiliated Companies etc.) stakeholders to ensure smooth functioning of Accounts Payable operations and meet service requirements
• Oversee the cash flow forecasts and management reports and assure accuracy, completeness and timely issuance.
• Align with the organization s goals, operating models including effective communication with department heads throughout the organization and extended service providers and stakeholders.
• Monitor the working environment within the department and maintain performance driven work environment which promotes employee morale and positive employee engagement.
• Establish reporting templates for management reporting and Implement monitoring and reporting mechanisms to measure process efficiencies and ensure compliance with policies and procedures.
• Provide regular coaching, establish professional development plans and monitor progress of team.

Key Performance Indicators

• Accounts Payable Policies and Procedures developed, approved and implemented
• Development and implementation of SLAs and adherence
• Development of Payment Cycles and compliance
• Systems and process enhancements and efficiencies achieved
• Audit findings and observations, and timely implementation of audit recommendations