Intern & Accounts (3 Months Contract)
Dubai, United Arab Emirates
Job Description
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About GMG GMG is a global well-being company retailing, distributing and manufacturing a portfolio of leading international and home-grown brands across sport, food and health sectors. Its vision is to inspire people to win in ways that make the world better. Today, GMG\xe2\x80\x99s investments span across four key verticals: GMG Sports, GMG Food, GMG Health, and GMG Consumer Goods. Under the ownership and management of the Baker family, it has become a leading global company, affiliated with the world\xe2\x80\x99s most successful and respected brands in the well-being sector. Working across the Middle East, North Africa, and Asia, GMG has introduced more than 120 brands into its markets. About the role
Core Responsibilities:
General Ledger
o Reconciling Sub ledgers with General Ledger
o Invoice matching
o Invoice discrepancies
o Creating payments (Cheques, Cash etc. as required) or applying prepayments
o Creating debit/credit Notes
o Stopping payments
o Payment Reconciliation
o Payment discrepancies
Core Responsibilities:
General Ledger
- Executes all monthly general ledger procedures including journal entry preparation, discrepancy resolution, and account analysis for GMG\xe2\x80\x99s respective business unit:
o Reconciling Sub ledgers with General Ledger
- Performs General Ledger reconciliation with sub ledgers (all subsidiary accounts and records will be reconciled to the general ledger) monthly and at year-end closing
- Informs and follows-up with the Manager if reconciliation between general ledgers accounts and subsidiary ledgers are not met. Records all adjusting, closing and reversing entries to attain reconciliation in such cases (after the requisite approval)
- Executes for all monthly accounts payable procedures, for GMG\xe2\x80\x99s respective business unit, including preparing journal vouchers and batches for entry of payment transactions (payments, debit notes, credit notes, invoices) related to accounts payable into the General Ledger with respect to all the purchases, expenses and goods outwards:
o Invoice matching
o Invoice discrepancies
o Creating payments (Cheques, Cash etc. as required) or applying prepayments
o Creating debit/credit Notes
o Stopping payments
o Payment Reconciliation
- Receives invoices and perform invoice matching and reconciling with delivery notes against invoices and purchase order
- Prepares accounts payable cheques and wire-transfers with payment vouchers for necessary approval
- Periodically makes reconciliations with major suppliers/vendors/contractors and arranges for balance confirmations
- Executes for all monthly accounts receivables procedures, for GMG\xe2\x80\x99s respective business unit, including preparing journal vouchers and batches for entry of receivables transactions (receipts, debit notes, credit notes) into the General Ledger
o Payment discrepancies
o Maintaining customer files
o Following up on collections
o Customers
o Stocks, Inventory, Port Shipments, Distributions, Freight, Customs, Shipment Delays etc.
o Budget Utilization
o Business Performance including Cash Flow, P&L statements
o Retail Productivity Metrics
About the requirements
o Following up on collections
- Validates customer (commercial) history, credit ceiling or aging reports and updates the stakeholders on late receipts
- Maintain the Account Receivable Ledger and process Account Receivable Closing and Reporting
- Receives payments and receipts, record them and performs matching and remittance
- Executes all monthly fixed assets procedures including maintaining the Fixed Assets master file to ensure the accurate tracking of all fixed assets for the GMG\xe2\x80\x99s respective business units
- Receives invoices of fixed assets in order to match with the addition/capitalization of a new fixed asset into the system
- Assists with the preparation of the yearly statement of capital assets written off during the year for different departments to show how they were disposed of for management information
- Performs daily reconciliation between banks accounts (all currencies) as per the bank statement and own records of treasury transactions
- Conducts, periodic, maturity analysis for the lines of credit obtained by GMG Group and updates the manager to ensures the availability of funds to meet the matured amount
- Executes as per the policies for hedging strategies and for managing foreign currency requirements
- Directs the cash balances available in GMG Group\'s various (Banks/Correspondences) accounts by all currencies and performs the re-allocation of funds to ensure that the optimum return on the GMG Group\'s funds is always attained
- Processes salary and benefits entitlements and ensures authorization of monthly payroll as per established policies and procedures
- Verifies a variety of payroll related information (e.g. time sheets, direct deposits, wage attachments, benefits, etc.) for the purpose of ensuring accurate distribution of funds and payroll and escalates any discrepancy to the senior authorities
- Executes as per the established controls and procedures while performing reconciliation checks in the payroll processing and payments to ensure quality of delivery and compliance with standard processes
- Provides the interpretation of the payroll policy related to employee entitlements and concerns regarding benefits, leave, pension as and when required in collaboration with the Human Resources Department
- Prepares and submits financial analysis to the departments and develops all types of short and long term financial projections/forecasts/plans in accordance with the department\xe2\x80\x99s strategies and GMG\xe2\x80\x99s overall objectives and directions, as guided by the seniors
- Conducts feasibility studies, financial due diligence, financial modeling & valuations, financial projections and other type of financial analysis to support decisions related to acquisitions, projects development etc.
- Prepares forecasts of demand and estimates of revenue for the group, or assigned business unit, or assigned stores in the group
- Performs budgeting activities in compliance with GMG\xe2\x80\x99s approved Budgeting Policies & Procedures reflecting the department\xe2\x80\x99s strategies and GMG\xe2\x80\x99s overall objectives and directions
- Prepares the necessary monthly reports and the requested ad-hoc summaries/reports as may be requested by the seniors, related to \xe2\x80\x93
o Customers
o Stocks, Inventory, Port Shipments, Distributions, Freight, Customs, Shipment Delays etc.
o Budget Utilization
o Business Performance including Cash Flow, P&L statements
o Retail Productivity Metrics
- Ensures that all accounting entries are supported with valid documentation
- Coordinates with auditors as needed on research/resolution of any accounting issues/discrepancies
- Coordinates periodic reconciliations across all the financial elements to ensure timely recording and reporting of expense and revenue items
About the requirements
- Bachelor\xe2\x80\x99s degree in Finance, Accounting or Business Administration
- Master\xe2\x80\x99s degree in Finance, Accounting or Business Administration, is preferred
- 3-5 years of relevant experience across the financial accounting functions
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Job Detail
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Job IdJD1514670
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IndustryNot mentioned
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Total Positions1
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Job Type:Full Time
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Salary:Not mentioned
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Employment StatusPermanent
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Job LocationDubai, United Arab Emirates
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EducationNot mentioned