Accountant – Payment & Payable

Job description / Role

1. Role Objective
- Manage all aspects of the accounts payable process in accordance with company policies for accurate general ledger expense account posting and maintain vendor relationships.
2. Detailed Roles and Responsibilities:
Know-How (for all levels)
- Sound knowledge of generally accepted accounting principles, IFRs and payment principles.
Problem Solving (If any)
- Analyze commitments, obligations and manage vendor requirements or to provide advice.
Accountability
- Responsible for accurate and timely processing of payments after verification of invoices/POs/supporting documents to ensure that all the information appearing on them is accurate and valid.
- Responsible for code invoices for accurate general ledger payable expense account posting, enter invoices into payable ledger, process payments and mail cheques.
- Review transactions monthly, quarterly and annually to ensure correct accounting and running reports from online expense reporting module, prepare monthly journal entries and prepare adjusting entries as needed.
- Provide first line support for user queries relating to the payments and resolve all vendor disputes, and reconcile vendor accounts.
- Proactively maintain and follow-up on open purchase orders.
General
- May require extra hours during close, audit, and/or budgeting periods.

Requirements

1. Educational Qualifications:
• Possession of degree in accounting or finance or related field from an accredited college or university.
2. Experience:
• Three to five years’ accounts payable experience in similar position with working knowledge of accounting software systems.
• Experience in working in a pressure environment and in meeting tight deadlines.
3. Behavioral Competencies: (similar for same job levels)
4. Technical Competencies: (similar for same job families)

• Ability to work in a stressful, fast pace environment.
• Ability to comply with company, department policies and procedures.
• Ability to maintain confidential information.
• Ability to maintain accurate records and attention to many details.
• Knowledge of Microsoft office, Oracle or computer accounting systems and software.
• Ability to communicate clearly and effectively, both orally and in writing

About the Company

United Development Company (UDC) was established in July 1999 as one of the leading private sector shareholding companies in the State of Qatar and the Middle East, and has been listed on the Doha Securities Market since June 2003.

UDCs mission is to identify and invest in long-term projects contributing to Qatars growth and providing good shareholder value. The company has an authorized share capital of QR 1.072.5 billion (US $294 million), a market capitalization of US$ 902MM and total assets of US$ 1,131 MM.

From day one, the companys mandate and mission has been to become a cornerstone of the development of Qatar, creating lasting value and maximizing returns for partners and shareholders.