Accounts Payable Manager

Job description / Role

- Oversee the management of Accounts Payable (AP) within the group and proactively monitor the financial position of the organization to ensure accurate and complete control over invoices and payments, thereby maintaining an up-to-date and precise supplier ledger.
- Ensure the company has a comprehensive understanding of its financial obligations and capital expenditures on a monthly and annual basis, making adjustments as necessary.
- Review invoice approval activities on an as-needed basis (potentially daily), updating and maintaining approval policies and the approval matrix to ensure they align with current requirements. Additionally, oversee the brand's purchase orders and implement effective controls to cover provisioning and mitigate any potential risks or currency exposure that may arise.
- Ensure the group's strict compliance with tax regulations, relevant laws impacting the business, International Financial Reporting Standards (IFRS), and internal policies, procedures, and practices.
- Establish robust controls over cash and bank activities to maintain accurate and reliable financial records.
- Supervise payment activities meticulously, ensuring timely and proper control over payments. Develop policies and procedures to effectively manage supplier onboarding, credit rating assessments, credit limits, audit delinquent accounts, and implement provisioning procedures that minimize financial risk, enhance the AP process, and reduce exposure.
- Cultivate and sustain a high level of customer service, fostering productive working relationships with stakeholders to drive business improvement and achieve organizational objectives. Collaborate closely with both internal and external auditors during financial and operational audits to facilitate comprehensive reviews and meet compliance requirements.
- Maintain strong and collaborative relationships with vendors, suppliers, and service providers, actively resolving any emerging issues and effectively addressing significant discrepancies in partnership with procurement teams.
- Recruit, train, motivate, and evaluate the performance of the AP team to ensure a highly skilled workforce capable of maximizing their potential and making significant contributions to the company's success.

Requirements

Qualifications
- Bachelor's degree in accounting or finance, Master's degree is a plus
- 10 years of related financial/accounting experience out of which 3 in a supervisory role
- Strong knowledge of International Financial Reporting Standards (International Accounting Standards)
- Proficiency in MS Office
- Fluency in English, Arabic, French is plus

About the Company

Azadea Group is a premier fashion and lifestyle retail company that owns and operates more than 50 leading international franchise concepts across the Middle East, North Africa, Asia and Europe. Since its inception in 1978, the Group has grown a substantial chain of stores representing leading international brand names in fashion and accessories, food and beverage, home furnishing, sporting goods and multimedia.With over 11,000 employees, the company boasts a solid infrastructure overseeing more than 600 stores spread across 15 countries including Algeria, Bahrain, Cyprus, Egypt, Ghana, Iraq, Jordan, Kazakhstan, Kingdom of Saudi Arabia, Kuwait, Lebanon, Oman, Pakistan, Qatar and United Arab Emirates.