Accounts Payable Accountant – Dubai, UAE | Majid Al Shamsi Enterprises LLC

Company Overview:

Majid Al Shamsi Enterprises LLC is a prominent organization in Dubai, UAE, specializing in construction and project-based developments. The company focuses on maintaining rigorous financial standards, efficient project cost allocation, and robust supplier relationships.

Job Description:

The Accounts Payable Accountant will manage the complete accounts payable cycle, handle supplier and subcontractor payments, support financial reporting activities, and ensure accurate cost allocation across construction projects.

🔹 Key Responsibilities:

• Manage the complete Accounts Payable cycle for local and international suppliers.
• Perform PO–GRN–Invoice three-way matching and ensure accurate invoice processing.
• Handle subcontractor payments, retention amounts, advance recovery, and certified payment applications.
• Process import invoices, LC/TT transactions, and related import documentation.
• Verify and allocate landed costs, including freight, insurance, customs duty, clearance, and transportation expenses.
• Ensure accurate cost allocation to projects, jobs, cost centers, and WIP accounts.
• Prepare bank reconciliations and investigate payment discrepancies.
• Monitor vendor ageing and ensure timely processing of payments according to credit terms.
• Support month-end closing, GRNI/accruals, audits, and financial reporting activities.

🔹 Requirements:

• Bachelor’s Degree in Accounting, Finance, or Commerce.
• 5–6 years of relevant Accounts Payable experience with minimum 2 years in construction, contracting, or project-based organizations.
• Strong experience in import procurement, LC processing, and landed cost accounting.
• Knowledge of project/job costing and WIP accounting.
• Understanding of Incoterms and import documentation.
• Familiarity with VAT and customs duty treatment.
• Strong Excel and ERP skills; Odoo experience is an advantage.
• Excellent coordination and communication skills.