Qualification & Experience

• B. Com,
• Part qualified for CPA, ACCA, CA, or MBA
• Minimum of 5 years of experience as a revenue in the retail industry, with a strong understanding of accounting principles.

Knowledge & Skills

• Sales and Invoicing: Monitor and reconcile sales transactions, ensuring accuracy and completeness of revenue data from various retail channels (e.g., physical stores, e-commerce, wholesale, etc.).
• Sales Tax Compliance: Ensure compliance with sales tax regulations and accurately record and report sales tax liabilities.
• Revenue & Receipt Reconciliation: Conduct regular reconciliations between revenue figures reported in the accounting system and other data sources, such as point-of-sale systems or e-commerce platforms, Cash received, Credit Cards, Customer Credit, etc.
• Internal Controls: Establish and maintain strong internal controls related to revenue recognition to prevent errors and potential fraud.
• Revenue Recognition: Ensure proper recognition of revenue in accordance with accounting principles (e.g., Generally Accepted Accounting Principles or International Financial Reporting Standards) and company policies.
• Accounts Receivable: Manage accounts receivable activities, including invoicing customers, tracking outstanding payments, and following up on overdue accounts.
• Financial Reporting: Prepare and analyze revenue-related financial reports, including revenue forecasts, sales trends, and aging reports for accounts receivable. Cost Analysis: Analyze and review production costs, including raw materials, labor, and overhead expenses, to identify areas where cost savings can be achieved without compromising quality.
• Deferral and Accruals: Review and process revenue deferrals and accruals for unearned or partially earned revenue, ensuring compliance with accounting guidelines.
• Audit Support: Collaborate with internal and external auditors during financial audits to provide documentation and explanations related to revenue transactions.
• Process Improvement: Identify opportunities to improve revenue accounting processes, streamline workflows, and enhance data accuracy.
• Cross-Functional Collaboration: Work closely with sales, finance, and operations teams to gather relevant data and ensure smooth revenue-related processes.
• Compliance and Regulations: Stay up to date with changes in accounting standards, revenue recognition rules, and tax regulations that may impact the retail industry.
• Financial Analysis: Analyze revenue and sales data to identify trends, patterns, and potential areas of improvement for the business.
• Knowledge of UAE taxation and accounting regulations is required.
• Knowledge of JD Edwards ERP / Retail Pro is a plus.

Min Experience:

2 Years

Salary :

AED 10000

Temp/Perm::

Permanent

Location :

Sharjah

Posted Date:

September 1, 2023

Parker Connect