Senior Accountant
Dubai, United Arab Emirates
Job Description
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Every employee at Al Rostamani Group plays a role in making a real difference to the business and our customers. We care for our employees by offering them meaningful and purposeful work and an opportunity to grow, learn, contribute and succeed. Today, the Al Rostamani Group has come a long way since its birth in 1957. Our group has grown steadfastly with the guiding principles of Commitment, Care & Vision, alongside a strong sense of active involvement in the community. We are a well-diversified group, with a key presence in industries such as General Trading, Automobiles and Heavy Equipment, Travel, Foreign Exchange, Financial Services, Property Management, Construction, Infrastructure Development and Information Technology Services. Our Group employs approximately 2000 people from 41 different nationalities, which contributes to our multicultural and multi-national environment. Emirates Electrical Engineering is a specialized business platform that provides comprehensive turnkey solutions combining development, financing, construction and operation of solar rooftops for commercial and industrial building in the UAE, also a responsive and flexible organization dedicated for the design and construction of turnkey electrical power projects such as High Voltage Substations, Cable Networks and Transmission Lines.
Job Purpose
Handle Accounts Receivable/Payable, Banking, prepare, examine, and analyze accounting transactions, record accounting transactions in acounting systems, prepare accounting schedules and other financial reports, ensure accuracy, timeliness and completeness of accounting transactions and reports, ensure conformance to internal control procedures and company accounting practices.
Job Responsibilities
Receivables
- Preparation of customer invoices and submission
- Recording of inward remittances, ensuring correctness of receipts
- Updation of project wise invoices and collection report along with ageing
- Handling export LC with customers \xe2\x80\x93 LC opening, negotiation etc
- Periodic Customer reconciliation and other follow up
- Handle Credit and Debit notes related to customers
- Handle customer related VAT matters
- Coordination with suppliers for the payments. Payment processing.
- Monitor the pending vendor invoices and coordinate with project departments for timely closure of open issues.
- Maintaining and updating utility bills and making payments.
- Periodic reconciliation of supplier and group company accounts
- Checking petty cash statement and updating the books of accounts.
- Preparation of application for the transfer of funds between EEE bank accounts / suppliers accounts / utilities etc.
- Forwarding documents to authorised signatories for their signature and necessary follow up.
- Vendor related MIS reports.
- Escalate discrepancies if any noticed to superiors and ensure corrective action
- Update monthly supplier guarantees details after coordination with all department heads.
- Coordinate with the banks for the extension or cancellation of the suppliers\xe2\x80\x99 bank details.
- Coordinate with Suppliers in regards to all amendment and new guarantee and follow up with bank for all amendments.
- Prepare monthly supplier Guarantee outstanding reports for monthly performance report and SAP updates.
- Calculate staff and workers monthly standard cost for all newly joined employees.
- Computation of provisions and accruals and preparation of schedules and pass accounting entries.
- Coordinate with HR on transfer of costs into cost centres of all employees as per updated cost centres.
- Prepare monthly Man hours report to support the HSC department.
- Prepare the HR details as in head count, MIS for the business planning.
- Review and account of VAT invoices.
- Prepare and finalise VAT Return.
- Co-ordinate with Internal VAT review team and clarify the queries on VAT return.
- Follow-up / File the VAT return on time.
- Co-ordinate with banks on daily basis on business transactions
- Prepare and finalise Bank Guarantee Applications and co-ordinate with banks issuance of BG.
- Finalise LC application with co-ordination with Vendors and process Import & Local LC and it follow-up with banks.
- Prepare periodical banking / Treasury reports.
- Perform periodic bank reconciliations.
- Prepare Credit and Debit notes for all customers and suppliers.
- Update PTOC / FTOC certificate in excel sheet in coordination with the Projects department.
- Reconcile book balances with bank balances on regular basis.
- Assist superiors on all month/period end closing tasks.
Job Requirements
Qualifications
Experience
Knowledge & Skills
- Bachelor\xe2\x80\x99s degree in the field of accounts.
- Master\xe2\x80\x99s degree in accounts will be preferred.
Experience
- The job demands minimum of 5 to 8 years of experience out of which required supervisory experience could be of 3 to 5 years
- Experience of having worked for a minimum of 2 years in the contracting industry would be preferred
Knowledge & Skills
- Should have good knowledge of Microsoft Excel and Advance excel skills.
- Should have strong knowledge of financial procedures and control, data validation techniques and prepare clear, concise and comprehensive financial statement.
- Ability to perform complicated mathematical, accounting calculation and analyses.
- User with SAP solutions modules like- FI, CO, MM and SD
- Compiling, coding, categorizing, calculating, tabulating, verifying, or processing information or data.
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Job Detail
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Job IdJD1641155
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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