Founded in 2012, Khazna Data Centers is a leading provider of state-of-the-art data center solutions. With a focus on innovation and cutting-edge technology, Khazna specializes in hyperscale wholesale data centers that are at the forefront of enabling AI and other emerging technologies.
We are looking for a Senior Accountant AP to join our Finance team. He/ she will manage the end-to-end accounts payable function in a high-growth, capex-intensive environment. The successful candidate will be responsible for ensuring the integrity, accuracy, and efficiency of all payables-related transactions and controls, including vendor management, compliance, system optimization, and team mentoring. Some of their key accountabilities will be as follows:
1. Accounts Payable Operations & Control
- Manage full-cycle accounts payable operations, including invoice processing, 3-way matching (PO, GRN, Invoice), and vendor payment execution.
- Ensure compliance with internal controls, delegation of authority, tax regulations (e.g. VAT), and accounting standards (IFRS).
- Maintain a rigorous control environment to mitigate risks such as duplicate payments, fraud, or non-compliance.
2. Vendor Management
- Manage a large and growing base of local and international vendors with sensitivity to contractual terms, payment terms, and dispute resolution.
- Foster effective vendor relationships while protecting company interests and supporting procurement and legal teams as needed.
3. Financial Reporting & Reconciliation
- Perform regular AP sub-ledger to GL reconciliations and ensure all variances are investigated and resolved promptly.
- Support the month-end and year-end closing process with accurate accruals, schedules, and reconciliations.
4. Audit & Compliance
- Serve as the AP focal point during internal and external audits, ensuring accurate and timely submission of audit schedules and supporting documents.
- Maintain complete and auditable documentation of AP transactions in line with regulatory and company policies.
5. Systems & Process Improvement
- Suggest automation initiatives and enhance the efficiency of AP operations through ERP (preferably Oracle Fusion) and digital tools.
- Suggest process improvements to manage increasing transaction volumes and complexity.
6. Stakeholder Engagement
- Collaborate with Procurement, Project Management, Treasury, and Business Units to align on payment cycles, project-related capex disbursements, and vendor queries.
- Provide insights into payment status, risks, and opportunities.
Minimum eligibility requirements and key competencies:
- Bachelor's Degree in Accounting, Finance, or a related field. CPA/CA/ACCA qualification preferred.
- Minimum 5 years of progressive experience in Accounts Payable, with at least 3 years in a senior or supervisory role.
- Experience in a project-driven or capex-intensive environment (e.g. construction, energy, infrastructure) is highly desirable.
- Proficiency in ERP systems (Oracle Fusion preferred) and advanced Excel skills.
- Strong knowledge of IFRS, internal controls, and VAT regulations in the UAE.
- Proven ability to manage high-volume transactions with accuracy and control.
