Senior Accountant

A Government Entity in the Emirate of Ras Al Khaimah

Ras Al Khaimah, UAE

Ref: LP927-63

Job description / Role

Employment: Full Time

Accounting & Control
• Keep books for the Government of Ras Al Khaimah entities for which is entrusted responsibility
• Verify, allocate, post and reconcile transactions in accordance with accounting policies and procedures
• Prepare monthly payroll and employee final settlement
• Reconcile sub-ledger balances with general ledger at periodic intervals
• Review bank reconciliation statements on weekly basis and identify reconciling items
• Ensure the timely preparation of monthly, quarterly and annual financial statements for the company and for company’s direct subsidiaries in compliance with IFRS and / or other guiding principles
• Coordinate and facilitate the timely completion of annual statutory audit for the company and the company Group
• Coordinate and facilitate the timely completion of internal audit for the company
• Ensure compliance to accounting policies and procedures of the company
• Adhere to procedures to enhance effectiveness of controls
• Maintain and update loan master schedule and fund movement between GOR entities
• Maintain accurate and up-to-date cash flow statements for the company and the company subsidiaries on monthly basis
• Record all transactions with compliance to VAT and maintain all records for VAT purpose
• Maintain documentation related to high end assets such as land, building
• Coordinate with treasury department for all fixed deposit related transactions
• Ensure timely payment of interest and principal amount on loans
• Ensure the completeness of documentation and recording of transaction in SAP
• Adherence to checklist of month end, quarter end and year end closing activity
• Ensure Cut off procedures are applied on quarterly basis
• Ensure all listed investments are valued at mark to market (MTM) at each reporting period
• Ensure appropriate approvals & completion of documentation prior to posting transaction in SAP
• Budget vs actual variance analysis – for the company and department wise
• Ensure the existence, accuracy and maintenance of master files where required, such as CoA, asset register, loan master etc.
• Check and process government related funding's to entities
• Reconcile current account with all government entities
• Reconcile TRM utilization report to TRM posting report

Consolidation
• Ensure the collation of data from the company subsidiaries / associates on quarterly / annual basis
• Ensure all Intercompany transactions are identified and eliminated in respected heads
• Provide support for timely preparation of consolidation quarterly and annual accounts of the company and its subsidiaries

Others
• Ensure that the current IT platform is optimally utilized for routine activity
• Coordinate and assist internal and external auditors to facilitate the audit process
• Ensure the collation of statutory audit reports of the company subsidiaries & associates
• Take responsibility for delivering any formal, informal or ad-hoc operational or financial information requests
• Preservation of documents in line with statutory requirements
• Undertake training to remain up to date with current / emerging guidelines on GAAP

COMMUNICATION & WORKING RELATIONSHIPS:

Internal
• Company Finance Team
• Across the company Departments
• Reasons for Interaction:
• Operational & functional needs

External
• Finance staff of company Subsidiaries & Associates
• Banks

Reasons for Interaction
• Establish and maintain strong relationships and for efficient discharge of day to day activities

Requirements

Educational Qualifications:
• Bachelor’s degree in Accounting & Finance

Professional Qualifications
• Professional accounting qualification (CA/ACCA)

Years of Experience
• 5~6 years’ post professional qualification experience in accounting
• Well versed with IFRS and its practical implementation
• Be able to understand the accounting implications of various transactions (acquisition and disposals, complex financial instruments etc.)
• Proficiency with SAP/ Oracle is desirable

Other requirements
• Experience working at a fast-moving, global company with international subsidiaries
• Strong technical accounting background
• Strong communication skills, ability to develop good working relationships, adept at working individually and as part of a cohesive team
• Attention to detail and ability to analyse data and problem solve
• Strong working knowledge of MS Office suite
• Ability to partner with cross-functional teams to drive and influence business solutions