Accounts Payable Executive

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Are You Ready for a Daring Challenge with The World’s Hottest Luxury Hotel Group? Disruptive by Design, FIVE Hotels and Resorts is Redefining ‘FIVE-Star’…...

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Job Description

An Exhilarating Opportunity


Are You Ready for a Daring Challenge with The World’s Hottest Luxury Hotel Group? Disruptive by Design, FIVE Hotels and Resorts is Redefining ‘FIVE-Star’ Hospitality and Setting the Gold Standard across the Industry.


Join the FIVE Tribe - and Get Ready to Make Waves.

The Candidate


A Driven Self-Starter, you have Excellent Communication, Leadership and Organisational Skills. As an Astute Creative and Critical Thinker, you can Conceptualise and Implement Innovative Solutions in a Fast-Paced Environment. Not even the Smallest Detail Escapes Your Keen Eye and You Execute Tasks Proactively with Precision and Finesse. A ‘Can-Do!’ Attitude Coupled with An Inherent Flair for Taking Ownership Makes You a Highly Motivated Go-Getter.


Your Outgoing and Approachable Nature enables you to Seamlessly Connect with other ‘FIVERs’ and key Stakeholders, ensuring that Their and Your Journey at FIVE is nothing short of Sensational. Joining our Finance Team as an Accounts Payable Executive will Empower you to deliver Exceptional Experiences across our award-winning Lifestyle Destinations. Jump on Board and Unlock your Potential in a Buzzing Environment that will take your Career to New Heights!

What We’re Looking For


  • A Bachelors Degree in Finance/Commerce or a related field is preferred.
  • 2-3 years of Experience in a similar or related role.
  • Preference CA Inter/Semi Qualified, knowledge of UAE VAT Regulations.
  • Impeccable Negotiation and Communication Skills, both verbal and written, with fluency in English.
  • Remarkable understanding of Credit Risk Management principles and practices.
  • Excellent analytical and decision-making skills.
  • Superior Problem-Solving Skills and the competence to Exceed Expectations in dynamic and competitive operational environments.
  • Strong familiarity with and understanding of relevant Financial Software and Systems.
  • A hands-on attitude, fuelled by a ‘Can-Do!’ Spirit.

Key Responsibilities


  • Books and Processes Vendor Invoices accurately and efficiently using the Sun system, ensuring proper coding, authorisation, and documentation.
  • Reconciles Vendor Statements, investigates, and resolves discrepancies in a timely manner, collaborating with vendors and internal stakeholders as needed.
  • Performs regular Bank Reconciliations to ensure sensational Accuracy and Completeness of financial transactions.
  • Prepares and Performs Payment Runs, including vendor/supplier payments, payroll salary administration, and other disbursements, ensuring adherence to payment terms and company policies.
  • Maintains Accurate Records of accounts payable transactions in the general ledger and ensures they are properly Documented and Archived for auditing purposes.
  • Assists in Month-End Closing activities including accruals, account reconciliations, and preparation of reports for management review.
  • Monitors Accounts Payable Ageing and takes proactive measures to ensure timely payments to vendors, minimising the risk of late fees and penalties.
  • Collaborates with Procurement and other Departments in a ‘FIVE-Star’ Manner to Resolve Invoice and Payment-Related Issues, providing exceptional service to both internal and external stakeholders.
  • Reviews and Reconciles ‘FIVER’ Expense Reports, ensuring next-level compliance with Company Policies and accurate recording in the general ledger.
  • Assists with Audits by providing necessary documentation and reconciliations, and Support to Auditors, ensuring Compliance with Internal Controls and Regulatory Requirements.
  • Ensures Systematic Formal Approval of Invoices and related supporting documents from Heads of Department and Management.
  • Ensures FIVE-Styled Compliance with Internal Policies and external Regulatory Requirements.

The Team


‘FIVERs’ are Cultured yet Chic, Confident yet Self-Effacing, and Work Hard to Play even Harder. As a FIVE Tribe Member, youll Personify the distinct ‘Vibe at FIVE’ and apply it to create Insta-Perfect Experiences for our Guests that keeps them Coming Back for More. If you Dream of being surrounded by Like-Minded Individuals who share your Passion for Delivering Unforgettable Moments that last a Lifetime – then Look No Further and Unleash your Next-Level Potential.

Sustainable Indulgence at FIVE


FIVE is a leader in Sustainable Luxury Hospitality and Entertainment, with 100% of its Dubai and Zurich hotels certified LEED Platinum, the highest green building rating globally. FIVEs Dubai properties run on 100% solar power through the UAEs only hotel I-REC Agreement with DEWA.


In 2023, FIVE Holdings received an A ESG Rating from ISS, the worlds highest ESG rating out of ISS 7,000+ universe of rated entities. With the acquisition of the Pacha Group, FIVE Holdings will continue to scale its Sustainable Indulgence strategy into new frontiers, as The Group drives global 2050 Net Zero action, now.

An Equal Opportunity Employer


The FIVE Tribe represents over 80+ nationalities across its over 3000 ‘FIVERs.’ FIVE is Committed to Hiring a Diverse and Inclusive Workforce as an Equal-Opportunity Employer. Accordingly, FIVE does not discriminate based on disability, race, age, sex, gender, sexual orientation, ethnicity, religion or belief, nationality, marital status, or any other basis protected under national or local laws. Ranked 8th on the Great Workplaces in the UAE 2024 list of Large Organisations, the FIVE Tribe is more than a group of people working together – it is a Family bonded by common Values and Goals, Celebrating People, Culture and Diversity.



ABOUT FIVE HOLDINGS


FIVE Holdings is a vertically integrated group, and its current portfolio includes 3 luxury hotels in the UAE, FIVE Palm Jumeirah, FIVE Jumeirah Village and FIVE LUXE, a hotel in Switzerland, FIVE Zurich, 2 hotels in Spain, Destino Pacha and El Hotel Pacha, a nightclub in Spain, Pacha Ibiza, 2 eponymous Fashion Lines, FIVE Mode and The Pacha Collection in the UAE and Spain; as well as a range of assets that include Toy Room, and WooMoon Storytellers (Globally).


FIVE’s focus is on a ‘Global Sustainable Entertainment Ecosystem,’ which is the integration of immersive entertainment with homegrown F&B concepts that results in a distinctive guest experience for an international and affluent audience of luxury-loving, eco-conscious Millennial and Gen-Z customers. The success of FIVE’s ‘Global Sustainable Entertainment Ecosystem’ is evident in its RevPAR being 1.4X, its F&B PAR being 3X and its TRevPAR being 2.1X greater than their respective competitor sets in Dubai for 2023.


Find out more here: fiveglobalholdings.com

About FIVE Hotels and Resorts


FIVE Hotels and Resorts prides itself on being Disruptively Different and Daringly Unique. Our Growing Portfolio of Lavish Destinations are the epitome of Glamour and Experiential Luxury, and currently consists of FIVE Palm Jumeirah, FIVE Jumeirah Village, FIVE Zurich and FIVE LUXE. Joining our Exceptional FIVE Tribe means you are part of a team who Breaks Boundaries and offers Unbeatable Next-Level Experiences at FIVE’s award-winning Hotels, Dining Concepts, and 360-Degree Immersive Nightlife Venues. As part of the Accomplished FIVE Tribe, you will be part of a group of High Achievers who Fearlessly Challenge Conventions on a Global Stage.


Find out more here: fivehotelsandresorts.com

    Department Name

    Finance

    Industry

    Hospitality

    Work Experience

    1-3 years

    City

    Dubai

    State/Province

    Dubayy (Dubai)

    Country

    United Arab Emirates

    Zip/Postal Code

    337-1500

Information :

  • Company : FIVE Hotels and Resorts
  • Position : Accounts Payable Executive
  • Location : Dubai
  • Country : AE

How to Submit an Application:

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Post Date : 08-07-2024