Senior Accountant

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JOB DESCRIPTION / ROLE

Employment: Full Time

• Verify, allocate, post, and reconcile accounts payable and receivable
- Reconcile monthly sales journal with Debtors/Creditors Account
- Reconcile monthly purchases journal with Creditors accounts
- Cooperate with the treasurer to repatriate the funds to CFAO and confirm ALL transactions are hedged, except for USD
• Ensure correct hedging rates are processed for each receipt/payment
- Receipts: Liaise with the treasurer to ensure timely repatriation of funds and timely receipt of final hedged rates from CFAO to be applied to the received funds
- Payments: Coordinate with the Treasurer for setting-up of automated hedged payments during the set-up process. Once the set-up has been completed, ensure that rates are received, and that the treasurer has all necessary information for requests of funds and hedging from CFAO
- Check and explain the exchange gains and losses on debtors’ settlement monthly
• Monthly Reporting to the parent company:
- Debtors/Creditors ageing by invoice date and due date
- P&L Interco transactions by entity
- Balance Sheet Interco balances by entity
• Send monthly statements to customers
- Latest date to input ALL receipts from customers is 1st working day M+1 / ensure all entries are made in the accounting system
- Check and match the receipts in the bank statements against the accounting system records
- Follow-up with ALL distributors to receive the confirmation of their balances and transactions
- Explain ALL discrepancies – to create / update the monthly reconciliation file
• Calculation and recording of late interest payments of group customers as per CFAO group policy.
• Investigating and resolving account discrepancies, and issues of non-compliance.
- Update the monthly reconciliation file used for follow-up and documentation of balances and differences against the records of debtors and creditors
• Handling Accruals and Prepayments - follow-up and matching with corresponding invoices + liaise with the treasurer for hedging and repatriation of funds and follow-up with Supply Chain department with rates to be applied when invoice is issued
• Handling requests from Auditors for all debtors-related queries
• Self-evaluation of PACI Standard Priorities / Internal Audit for the department
- Self-evaluate the department with respect to the questionnaire
- Identify deficiencies and improvements + propose action plans
- Evaluate the consistency of the questionnaire and propose amendments with explanations
• Ensure a well maintained, clean and accurate ledger and GL accounts related to customers and suppliers.
• Prepare and explain the debtors/creditors balance for weekly meetings.
• Prepare Tax Returns and documentation for FTA and MOF
- Prepare VAT declaration and upload the in the FTA portal
- Support on the preparation of Economic Substance Regulations report
- Assist on the preparation of Corporate Income Tax declaration
• Propose initiatives for improvement of current and new processes and accounting system.
• Assisting with audit preparations.
• Assist on revaluation of balance sheet accounts.
• Act as a back-up for the General Accountant.

REQUIREMENTS

• 23 – 32 years old
• Minimum of 5 years of experience in UAE
• AR, AP, and General Accounting experience
• Audit or accounting shared service experience (Advantage but not required)
• Advance MS Excel Skill
• CPA qualification (or equivalent)

ABOUT THE COMPANY

Unique-Taj HR Consultancy, a subsidiary of Unique Group of Companies, is one of the leading talent providers in the EMEA regions. We are committed to provide assistance to companies in their talent acquisition process by identifying the right talents and coordinating with the clients and candidates for all business industries. We have offices in the United Arab Emirates (Dubai & Sharjah), Jeddah KSA, United Kingdom, and Georgia.

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