Senior Officer General Ledger & Reconciliation
Dubai, United Arab Emirates
Job Description
MAIN OBJECTIVE OF ROLE
To manage accounting activities around month-end closing and post-closing reconciliation and reporting activities during quarterly and annual reporting cycles, ensuring compliance with IFRS, specifically focusing on the lease portfolio under IFRS 16 and financial instruments and hedge accounting under IFRS 9.
KEY RESPONSIBILITIES
QUALIFICATIONS REQUIRED
Minimum Education Level
\xc2\xb7 Bachelor's Degree (3+ years)
Education Specific Requirement (if applicable)
\xc2\xb7 Degree in accountancy or equivalent qualification e.g. ACA, ACCA, etc.
Languages
\xc2\xb7 Fluent in English
EXPERIENCE REQUIRED
Years with Qualifications
\xc2\xb7 5 - 7 years
Professional Experience
\xc2\xb7 5 years of Accounting experience
Systems Knowledge (if applicable)
\xc2\xb7 Knowledge of basic accounting concepts and principles.
\xc2\xb7 Expertise in Microsoft Office, ERP preferably Oracle and other reporting tools
CORE COMPETENCIES
\xc2\xb7 Customer Focus
\xc2\xb7 Teamwork
\xc2\xb7 Effective Communication
\xc2\xb7 Personal Accountability & Commitment to achieve
\xc2\xb7 Resilience and Flexibility (Can do attitude)
ISR REQUIREMENTS
Reads and complies with the ISR policies of the Company and diligently reports any weakness or incidents to the respective Line Manager or the Information Security team. Completes all required ISR awareness sessions and follows associated guidelines in the day-to-day business operations.
To manage accounting activities around month-end closing and post-closing reconciliation and reporting activities during quarterly and annual reporting cycles, ensuring compliance with IFRS, specifically focusing on the lease portfolio under IFRS 16 and financial instruments and hedge accounting under IFRS 9.
KEY RESPONSIBILITIES
- Processes general ledger entries relating to lease accounting, hedge accounting and other month-end closing journals, as appropriate.
- Prepares monthly General Ledger (GL) account reconciliation schedules for assigned nominals, ensuring all balances are accurate and up to date.
- Ensures that leased assets are recorded under IFRS16 in a timely and accurate manner, maintaining compliance with reporting guidelines.
- Ensures that the relevant IFRS accounting standards are appropriately followed, to ensure compliance with standards.
- Keeps up to date with the latest amendments under IFRS and discusses the relevant changes / impact as required.
- Conducts independent reviews of general ledger accounts and raises any issues identified for resolution.
- Reviews journal entries to rectify issues identified during reviews and reconciliations.
- Oversees and reviews the general ledger reconciliations performed by other team members to be in line with the accounting principles to ensure there are no financial reporting / month closing impact.
- Applies a clear understanding of the process flows and accounting controls to ensure that the balances reflected in general ledger do not have any exception items.
- Reviews nominal costs and ensures the trends are explainable for the monthly results, by providing analyses and explanations for increases and decreases in reported costs and revenue.
- Prepares assigned audit schedules on a timely and qualitative basis.
- Prepares the draft financial statements and ICD (Investment Corporation of Dubai) reporting pack, ensuring readiness for final submission.
QUALIFICATIONS REQUIRED
Minimum Education Level
\xc2\xb7 Bachelor's Degree (3+ years)
Education Specific Requirement (if applicable)
\xc2\xb7 Degree in accountancy or equivalent qualification e.g. ACA, ACCA, etc.
Languages
\xc2\xb7 Fluent in English
EXPERIENCE REQUIRED
Years with Qualifications
\xc2\xb7 5 - 7 years
Professional Experience
\xc2\xb7 5 years of Accounting experience
Systems Knowledge (if applicable)
\xc2\xb7 Knowledge of basic accounting concepts and principles.
\xc2\xb7 Expertise in Microsoft Office, ERP preferably Oracle and other reporting tools
CORE COMPETENCIES
\xc2\xb7 Customer Focus
\xc2\xb7 Teamwork
\xc2\xb7 Effective Communication
\xc2\xb7 Personal Accountability & Commitment to achieve
\xc2\xb7 Resilience and Flexibility (Can do attitude)
ISR REQUIREMENTS
Reads and complies with the ISR policies of the Company and diligently reports any weakness or incidents to the respective Line Manager or the Information Security team. Completes all required ISR awareness sessions and follows associated guidelines in the day-to-day business operations.
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Job Detail
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Job IdJD1764015
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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