Cost Control and Accounts Payable Specialist
Posted date [2026-09-22]
(ID: 52251)
 |
Established in the 1930s as a trading business, Al-Futtaim is one of the most progressive regional family business houses headquartered in Dubai, United Arab Emirates. |
Job Description and Requirements
Cost Control and Accounts Payable SpecialistJob Snapshot
Role: Cost Control and Accounts Payable Specialist
Location: Dubai, UAE
Industry: Real Estate
Function: Accounting-Finance
Experience: 3-5 years of experience in accounts payable, cost control, or a similar financial role
Job Type: Full Time
Position Overview
Al-Futtaim Real Estate is hiring a Cost Control and Accounts Payable Specialist in Dubai, UAE to support accurate cost booking, invoice processing, vendor reconciliation, ageing analysis, and financial reporting. The role focuses on maintaining reliable financial records while ensuring that payments and cost recognition follow internal approvals, VAT requirements, and established financial controls.
The position also contributes to digital transformation across finance operations by identifying opportunities to automate accounts payable and cost control activities. Working with Finance, IT, Shared Services, vendors, and business teams, the specialist will help improve process efficiency, data quality, and financial accuracy
through SAP, workflow automation, OCR, AI, and related technologies.
Job Details
Country: UAE
City: Dubai
Industry: Real Estate
Function: Accounting-Finance
Salary: Not disclosed
Gender: No Preference
Candidate Nationality: Not specified
Job Type: Full Time
Work Arrangement: On-site
Cost Booking and Invoice Processing
* Validate invoices and supporting documentation before completing accurate and timely GRN and cost booking.
* Ensure transactions comply with internal approval requirements and applicable VAT guidelines.
* Coordinate with central Finance to obtain invoices and support timely recognition of liabilities.
* Review the Delivery Order file weekly and follow up on missing invoices requiring cost recognition.
* Investigate invoice and cost-booking discrepancies with vendors and relevant business teams.
* Manage the monthly batch payment run and help minimise out-of-cycle payments.
* Process exceptional payment requests after obtaining the required approvals.
* Follow the approved Delegation of Authority for cost booking and payment activities.
Reporting and Ageing Analysis
The specialist will maintain and regularly review vendor advance ageing and Goods Receipt - Invoice Receipt ageing reports. Accurate monitoring of outstanding balances is required to identify issues early, support appropriate follow-up, and maintain reliable financial reporting.
Vendor Reconciliation and Open Items
* Review open purchase orders and initiate required actions to support timely project closure.
* Monitor GR - IR balances and vendor advances.
* Coordinate with stakeholders to obtain and clear outstanding invoices.
* Follow up on long-outstanding financial items and support their timely resolution.
* Investigate discrepancies and ensure appropriate corrective action is taken.
* Maintain accurate records of open items and follow-up activities.
Digital Transformation, Automation and AI
* Identify Accounts Payable and cost control processes that can be automated to improve accuracy and efficiency.
* Support implementation and continuous improvement of digital workflow tools including M-Files, SAP, and OCR solutions.
* Apply AI tools to invoice validation, exception management, duplicate detection, and data quality reviews.
* Analyse process bottlenecks and recommend practical automation opportunities.
* Collaborate with Finance, IT, and Shared Service teams on robotics and workflow initiatives.
* Support development of self-service reporting solutions that improve access to financial information and reduce manual processing.
Required Skills
* Strong understanding of accounts payable and cost control procedures.
* Knowledge of financial controls, approval processes, and reporting requirements.
* Experience with digital transformation, AI, or process automation initiatives.
* Ability to analyse financial information and identify discrepancies.
* Strong attention to detail and accuracy.
* Effective coordination and communication skills.
* Ability to work across Finance, IT, Shared Services, vendors, and operational teams.
* Experience using financial and workflow systems.
* Ability to identify opportunities for process efficiency and operational improvement.
What Qualifies You for the Role
* Bachelor\'s degree in Finance, Accounting, or a related field.
* Minimum 3-5 years of experience in accounts payable, cost control, or a similar financial position.
* Proficiency with financial systems such as SAP.
* Experience with workflow automation tools.
* Strong analytical skills for financial reconciliation, discrepancy management, and reporting.
* High attention to detail when processing and reviewing financial transactions.
About Al-Futtaim Real Estate
Al-Futtaim Real Estate is part of Al-Futtaim and has more than six decades of experience in real estate development and asset management. Its diversified portfolio spans residential, commercial, retail, hospitality, healthcare, infrastructure, education, and other property sectors across the MENA region.
The business plans, develops, and manages major destinations including Dubai Festival City and Cairo Festival City. It is also responsible for Al-Futtaim Contracting, an integrated division delivering construction, engineering, technology, and facilities management solutions across the UAE, Saudi Arabia, Qatar, and Egypt.
Job Details
Country: UAE
City: Dubai
Industry: Real Estate
Function: Accounting-Finance
Salary: Not disclosed
Gender: No Preference
Candidate Nationality: Not specified
Job Type: Full Time
Work Arrangement: On-site
Cost Booking and Invoice Processing
* Validate invoices and supporting documentation before completing accurate and timely GRN and cost booking.
* Ensure transactions comply with internal approval requirements and applicable VAT guidelines.
* Coordinate with central Finance to obtain invoices and support timely recognition of liabilities.
* Review the Delivery Order file weekly and follow up on missing invoices requiring cost recognition.
* Investigate invoice and cost-booking discrepancies with vendors and relevant business teams.
* Manage the monthly batch payment run and help minimise out-of-cycle payments.
* Process exceptional payment requests after obtaining the required approvals.
* Follow the approved Delegation of Authority for cost booking and payment activities.
Reporting and Ageing Analysis
The specialist will maintain and regularly review vendor advance ageing and Goods Receipt - Invoice Receipt ageing reports. Accurate monitoring of outstanding balances is required to identify issues early, support appropriate follow-up, and maintain reliable financial reporting.
Vendor Reconciliation and Open Items
* Review open purchase orders and initiate required actions to support timely project closure.
* Monitor GR - IR balances and vendor advances.
* Coordinate with stakeholders to obtain and clear outstanding invoices.
* Follow up on long-outstanding financial items and support their timely resolution.
* Investigate discrepancies and ensure appropriate corrective action is taken.
* Maintain accurate records of open items and follow-up activities.
Digital Transformation, Automation and AI
* Identify Accounts Payable and cost control processes that can be automated to improve accuracy and efficiency.
* Support implementation and continuous improvement of digital workflow tools including M-Files, SAP, and OCR solutions.
* Apply AI tools to invoice validation, exception management, duplicate detection, and data quality reviews.
* Analyse process bottlenecks and recommend practical automation opportunities.
* Collaborate with Finance, IT, and Shared Service teams on robotics and workflow initiatives.
* Support development of self-service reporting solutions that improve access to financial information and reduce manual processing.
Required Skills
* Strong understanding of accounts payable and cost control procedures.
* Knowledge of financial controls, approval processes, and reporting requirements.
* Experience with digital transformation, AI, or process automation initiatives.
* Ability to analyse financial information and identify discrepancies.
* Strong attention to detail and accuracy.
* Effective coordination and communication skills.
* Ability to work across Finance, IT, Shared Services, vendors, and operational teams.
* Experience using financial and workflow systems.
* Ability to identify opportunities for process efficiency and operational improvement.
What Qualifies You for the Role
* Bachelor\'s degree in Finance, Accounting, or a related field.
* Minimum 3-5 years of experience in accounts payable, cost control, or a similar financial position.
* Proficiency with financial systems such as SAP.
* Experience with workflow automation tools.
* Strong analytical skills for financial reconciliation, discrepancy management, and reporting.
* High attention to detail when processing and reviewing financial transactions.
About Al-Futtaim Real Estate
Al-Futtaim Real Estate is part of Al-Futtaim and has more than six decades of experience in real estate development and asset management. Its diversified portfolio spans residential, commercial, retail, hospitality, healthcare, infrastructure, education, and other property sectors across the MENA region.
The business plans, develops, and manages major destinations including Dubai Festival City and Cairo Festival City. It is also responsible for Al-Futtaim Contracting, an integrated division delivering construction, engineering, technology, and facilities management solutions across the UAE, Saudi Arabia, Qatar, and Egypt.
