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Executive - Accounts (Fuel Buddy)

About Fuel Buddy:

Fuel Buddy is a new company under The Apparel Group. It is an online platform start-up to provide doorstep delivery of fuel in a safe, reliable, and efficient way. You can place your order online and get fuel delivered at your location in specialized Refuellers (FuelBuddy Tankers) according to your chosen schedule.

Job Responsibilities Include:

• Handling monthly financial reports in conformance with international financial reporting standards (IFRS), Monthly Accounts closing, Monthly Accrual Accounting, MIS reports, Financial Accounting and book keeping in Oracle.
• Cash / Bank Transaction recording and Invoicing in ERP in liason with sales team.
• Handling Inter Company Reconciliations, maintaining general ledgers, Accounts Receivables/Payables, depreciation, undertaking audits, Examining incomes and expenditures by verifying, allocating, reconciling transactions and resolve discrepancies in ERP system.
• Preparing daily Bank reconciliations, monthly/weekly Cash Flow statement, monthly provisions and assisting in formulation of accounting policies.
• Maintaining relationship with bankers and submitting documents as per bank requirements.
• Preparing and monitoring monthly and yearly financial budgets and report the variances in actual figures (Revenue, COS & Overheads).
• Preparing employee payroll / End of service benefits and processing the same.
• Providing recommendations and advising team and senior managers about new indirect and direct tax circulars and guidelines from government authorities based on business structure requirements.
• Preparing Taxation returns - UAE VAT registration, Quarterly input and output VAT calculations & returns filing and advising managements and individuals on other compliance requirements.
• Summarizes current financial status by collecting information; preparing balance sheet, profit and loss statement, and other reports.

Apparel Group