Job Description

Job Title Senior Accountant

Description

Job Summary
Ensure to send the summary of Monthly Sales Report and its analysis.
Review all the cancelled deals and send reports to concern authorities.
Monitor the flow of petty cash funds and timely liquidations thereof.
Monitor daily cash flow and cash/cheque deposits.
Monitor Loans and PDC cheque payments and ensure to settle these, on timely manner.
Monitor Accounts of supplier & customer; Ensure its timely reconciliation.
Monitor and verify approved quotations from the Sister Companies.
Monitor the daily performance of the accounting team and their financial transactions.
Provide guidance to the Accounting team and make necessary follow up on their tasks.
Reconcile and Monitor the vehicle inventory in systems/software to ensure accuracy and make sure to report periodically to related authorities.
Oversee daily transactions, including accounts payable/receivable, approve general ledger entries after auditing and bank reconciliations.
Monitor and ensure the transactions with vehicle suppliers are as per the set terms & conditions and the related documentations.
Ensure RTA transactions and sales agreements are properly done and liquidated on a daily basis.
Supervise and support Operations Accountants on submission of relevant documents to Banks, Suppliers, RTA, etc.
Monitor daily closing of showroom sales, Sales Report on Sold Cars, Reservations, Bank Cheque Receivables, etc.
Oversee invoicing and customer collections of the accounting team are as per set guidelines.
Manage month-end and year-end closing activities of Company finance.
Monitor the calculation & compliance of approved commission structure for Sales team, Purchase in-charge, Finance & Insurance, etc.
Responsible for the calculation of commission for the consignment stock.
Monitors number of Cars payable and Hayaza received/paid.
Prepare monthly financial statements report; Process end/year-end financial statements.
Prepare projected cash flow for the month and succeeding months for Chief Accountant's review.
Monitor, track and report Salesmen and Purchasing Manager's Trade in and direct sold cars.
Coordinate Export Sales; facilitate filing of Export documents.
Ensure the accurate compliance of employee compensation and benefits which includes Leave Payment, EOS settlement, etc. in coordination with HR department and UAE Labour Laws.
Monitor and verify summarized employees' loans, advances and fines/deductions for payroll.
Ensure the transferring of approved payroll through WPS on monthly basis and ensure sufficient financial means for transfers.
Reconcile financial discrepancies by collecting and analysing account information.
Ensure all financial transactions are accurate, up-to-date, reconciled, internally audited and reported periodically.
Comply with federal, state, and local financial legal requirements by studying existing and new legislation and advising management on needed actions.
Prepare financial records for external auditing and provide support & assistance to the external audit processors as per assigned duties.
Ensure all financial transactions are in line with country legislative taxation policies (Value Added Tax); submit the reports on the same as and when required.
Develop and monitor budget information for the accounting department; track expenditures and variances, and take corrective measures as needed.
Contribute financial data to business plans, strategic plans and reviews as necessary to ensure they meet accounting operational standards.
Document all financial transactions by entering account information into systems/software, files, etc. to secure a complete data base backup.
Prepare financial reports periodically by collecting, analysing, and summarizing account information.
Continuously improve the professional and technical knowledge of Accounting systems.
Maintain a strict level of confidentiality on company financial statuses, business relationships, etc.
Develop and maintain a strong integrity towards the assigned duties and responsibilities; ensure to highlight important Accounting information to Reporting Authority/Management as and when required.
Assist in developing and implementing internal financial & accounting policies and procedures with a strict level of compliance.
Periodically conduct the intercompany reconciliation to close monthly and yearly financial obligations.
Qualifications
5+ years' of professional accounting experience
Master's degree in Accounting or Finance
CPA preferred
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