Manage end-to-end accounting of the store.

Cash & Banking:

• Oversee daily cash positions.
• Carry out financial transactions, including processing cheques, bank transfers, and cash activities.
• Analyze and monitor cash flow forecasts to optimize working capital.
• Manage relationships with banks and negotiate terms and conditions for banking services.
• Prepare and deliver reports on cash and bank activities to management.

Accounts Payable & Expense Management:

• Handle vendor invoices, ensuring accuracy in data entry.
• Validate purchase orders, delivery receipts, and invoices for proper authorization and receipt of goods/services.
• Record and receive trade stocks.
• Code and allocate expenses to appropriate accounts and cost centers.
• Execute weekly or monthly payment runs, ensuring prompt payments to vendors.
• Reconcile vendor statements, resolve discrepancies, and manage vendor relationships.
• Address vendor inquiries and resolve payment-related issues.
• Maintain up-to-date records of accounts payable transactions.
• Generate and analyze reports related to accounts payable for management review.
• Ensure accurate and timely recording and closing of expenses.
• Provide detailed analysis and reconciliation of various expenses, including salaries, transportation, bank charges, and marketing expenses.

Accounts Receivable & Sales Management:

• Administer the Accounts Receivable Module in ERP.
• Reconcile customer balances, including advances and receivables.
• Prepare aging reports for customer accounts.
• Verify and close sales transactions by reconciling with Excel records for accuracy and completeness.

Tax Compliance:

• Prepare tax working papers.
• Submit VAT returns monthly.
• Reconcile sales against returns versus system records.
• Ensure accurate VAT return filing by reconciling input taxes.

Fixed Asset Management:

• Maintain the Fixed Asset Module in ERP.
• Conduct depreciation/amortization and upkeep of the Fixed Asset schedule in ERP/Excel.
• Record details of fixed asset additions and disposals.

Financial Reporting:

• Prepare detailed Profit and Loss statements.
• Generate Balance Sheets.
• Provide comprehensive financial reports, including cash flow and margin summaries.
• Produce Stock Analysis reports.

Payroll Management:

• Process and distribute employee payroll monthly.
• Ensure accurate and timely salary and benefits disbursement.
• Verify timekeeping records for accuracy.
• Calculate and process deductions, taxes, and withholdings.
• Address employee inquiries and concerns regarding payroll matters.
• Handle payroll tax submissions and statutory deductions.
• Distribute payroll reports to management.
• Reconcile payroll data for accuracy and compliance.
• Maintain confidentiality of sensitive payroll information.

Other Responsibilities:

• Ensure adherence to company policies, procedures, and relevant laws and regulations.
• Contribute to process improvement initiatives to enhance operational efficiency.
• Collaborate with internal teams to address operational queries.
• Assist in year-end audit processes related to overall accounts.
• Stay informed about industry best practices and changes in accounting standards.

Exciting opportunity to work with a fashion brand |Independently manage the accounting function

Qualifications:

• A Bachelor\'s degree in Accounting or Finance.
• Preference given to candidates with professional certifications such as CA, ACCA, or CIMA/CMA.
• Demonstrated experience in a comparable position.
• Thorough understanding of accounting principles and methodologies.
• Proficiency in SAP/ERP systems and Microsoft Excel.

Skills:

• Meticulous attention to detail and precision.
• Proficient analytical and problem-solving capabilities.
• Exceptional organizational and time-management proficiencies.
• Strong communication and interpersonal aptitudes.
• Capacity to work autonomously as well as part of a team.

Our client is a fashion brand expanding its presence in the UAE.

The successful candidate for this role will be offered a competitive monthly salary with benefits.

Michael Page