Job title: Senior Financial Accountant
Company: Genesis Executive Search
Job description: Job Description :A multinational free zone company is recruiting a Senior Financial Accountant to play a pivotal role in ensuring accurate financial reporting and maintaining financial integrity within the organization. Responsible for overseeing various accounting functions, this position requires strong analytical skills, attention to detail, and the ability to collaborate across departments.Job ResponsibilitiesReceivables
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- Verify, record, allocate, and post the bank receipts. Communications with the customers on the payment schedule and allocations.
- Ensure correct hedging rates are processed for each receipt.
- Liaise with the treasurer to ensure timely repatriation of funds and timely receipt of final hedged rates to be applied to the received funds.
- Check and explain the exchange gains and losses on debtors’ settlement monthly
- Weekly and Monthly Reporting of Debtors ageing report with status update and explanations.
- Calculation and recording of late interest payments of group customers as per group policy.
- Send monthly statements to customers.
- Ensure all entries are made accurately in the accounting system.
- Check and match the receipts in the bank statements against the accounting system records.
Monthly Reconciliation:
- Preparation of reconciliation report with documentation and explanations of variances.
- Follow-up with ALL distributors to receive the confirmation of their balances and transactions.
- Investigating and resolving the account discrepancies.
General Accounting, Tax and Audits
- Handling Accruals, Prepayments, Fixed Assets.
- Prepare and assist in the revaluation of balance sheet accounts.
- Handling requests from Auditors for all debtors and general accounting-related queries. Assist with audit preparations and documentations.
- Self-evaluation of Internal Audit (as per group policy) for the department.
- Self-evaluate the department with respect to the questionnaire.
- Identify deficiencies and improvements + propose action plans.
- Evaluate the consistency of the questionnaire and propose amendments with explanations.
- Ensure a well-maintained, clean, and accurate ledger and GL accounts related to customers and general accounting.
- Monthly preparations of schedules and documentation of balance sheet accounts (to be uploaded in the company tool for monthly justification, review, and approval of accounts).
- Prepare Tax Returns and documentation for FTA and MOF
- Prepare and assist with VAT & CIT declaration and filing in the FTA portal.
- Support on the preparation of Economic Substance Regulations report
- Support on the preparation of Transfer Pricing report
- Propose initiatives to improve current & new processes and procedures.
- Act as a back-up for the Accounting Supervisor.
Qualifications and Education Requirements
- Bachelor’s degree in Accountancy.
- Minimum of 5 years of experience in UAE.
- Strong expertise in AR, AP, and General Accounting.
Expected salary: 12000 per month
Location: Dubai
Job date: Mon, 10 Jun 2024 01:27:38 GMT
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