Job Description

The Accountant is responsible for keeping accurate financial records, preparing reports, and ensuring compliance with accounting rules and regulations. In a retail setting, this includes tracking sales, expenses, supporting budgeting, and helping management make informed financial decisions to improve business performance.

FUNCTIONAL ROLES AND RESPONSIBILITIES:

Manage all accounting operations based on accounting principles Book all transactions in the accounting system and provide accurate and timely financial information to assist in the preparation of monthly, quarterly, and annual accounts To prepare and check accounting transactions and payroll distribution Compile data on operating expenses and other overheads and incorporate them into the sales and margin figures provided by the management, for them to review their projection and finalize the budget Maintain a thorough understanding of the financial reporting and general ledger structure Examine the invoices received from foreign and local suppliers and, if found, in accordance with the purchase order, organize payment on due date to avoid any delay in meeting the company's liability Prepare reconciliation statement of accounts received from the bank to ensure that all payments have been processed and resolve any discrepancies, if any Recommend financial actions by analyzing accounting options Prepare payments to Vendors/Suppliers via Cash, Letter of Credit (LC), Telegraphic Transfer (TT) or cheque Publish financial statements on time Conduct month-end and year-end close process Reconcile, collect, analyze, summarize account information and follow up on debtors' accounts Reconcile all the documents like credit cards, pay slips and various payment modes. Highlight any discrepancies Compute taxes and prepare tax returns, balance sheet, profit/loss statement, etc. Reconcile financial discrepancies by collecting and analyzing account information Keep information confidential and secure them with random database backups Keep up with financial policies, regulations, and legislation Contribute to team effort by accomplishing related results as needed Prepare cash flow statements for the current month and the forthcoming months to ensure that at no point in time the company faces cash crunch and defaults in payments Identify process inefficiencies, recommend and aid in development and implementation of process improvements Comply with local financial legal requirements by studying existing and new legislation, enforcing adherence to requirements, and advising management on needed actions
Job Type: Full-time

Application Question(s):

Do you have experience using a computerized accounting system, preferably MS Dynamics 365?
Education:

Bachelor's (Required)
Experience:

UAE: 5 years (Required)
License/Certification:

* CPA, ACCA or ACA (Required)