Manage end-to-end accounting of the store.

Client Details

Our client is a fashion brand expanding its presence in the UAE.

Description

Cash & Banking:

* Oversee daily cash positions.
* Carry out financial transactions, including processing cheques, bank transfers, and cash activities.
* Analyze and monitor cash flow forecasts to optimize working capital.
* Manage relationships with banks and negotiate terms and conditions for banking services.
* Prepare and deliver reports on cash and bank activities to management.

Accounts Payable & Expense Management:

* Handle vendor invoices, ensuring accuracy in data entry.
* Validate purchase orders, delivery receipts, and invoices for proper authorization and receipt of goods/services.
* Record and receive trade stocks.
* Code and allocate expenses to appropriate accounts and cost centers.
* Execute weekly or monthly payment runs, ensuring prompt payments to vendors.
* Reconcile vendor statements, resolve discrepancies, and manage vendor relationships.
* Address vendor inquiries and resolve payment-related issues.
* Maintain up-to-date records of accounts payable transactions.
* Generate and analyze reports related to accounts payable for management review.
* Ensure accurate and timely recording and closing of expenses.
* Provide detailed analysis and reconciliation of various expenses, including salaries, transportation, bank charges, and marketing expenses.

Accounts Receivable & Sales Management:

* Administer the Accounts Receivable Module in ERP.
* Reconcile customer balances, including advances and receivables.
* Prepare aging reports for customer accounts.
* Verify and close sales transactions by reconciling with Excel records for accuracy and completeness.

Tax Compliance:

* Prepare tax working papers.
* Submit VAT returns monthly.
* Reconcile sales against returns versus system records.
* Ensure accurate VAT return filing by reconciling input taxes.

Fixed Asset Management:

* Maintain the Fixed Asset Module in ERP.
* Conduct depreciation/amortization and upkeep of the Fixed Asset schedule in ERP/Excel.
* Record details of fixed asset additions and disposals.

Financial Reporting:

* Prepare detailed Profit and Loss statements.
* Generate Balance Sheets.
* Provide comprehensive financial reports, including cash flow and margin summaries.
* Produce Stock Analysis reports.

Payroll Management:

* Process and distribute employee payroll monthly.
* Ensure accurate and timely salary and benefits disbursement.
* Verify timekeeping records for accuracy.
* Calculate and process deductions, taxes, and withholdings.
* Address employee inquiries and concerns regarding payroll matters.
* Handle payroll tax submissions and statutory deductions.
* Distribute payroll reports to management.
* Reconcile payroll data for accuracy and compliance.
* Maintain confidentiality of sensitive payroll information.

Other Responsibilities:

* Ensure adherence to company policies, procedures, and relevant laws and regulations.
* Contribute to process improvement initiatives to enhance operational efficiency.
* Collaborate with internal teams to address operational queries.
* Assist in year-end audit processes related to overall accounts.
* Stay informed about industry best practices and changes in accounting standards.

Job Offer

The successful candidate for this role will be offered a competitive monthly salary with benefits.