Job description / Role

Employment: Full Time

Dubai Gold & Commodities Exchange (DGCX) which is a subsidiary of DMCC is looking to appoint and Accounts Officer.

The postholder will coordinate the preparation of annual plans, budgets, vendor and group company payments, prepare monthly MIS report for Board and Executive Committee.

To support and coordinate monthly financial closing activities including revenue and expense accruals in accordance with the international financial accounting and reporting practice and support in managing the Finance System (Navision) and evaluate system efficiency.

To maintain updated vendor payable ledger and monitor vendor/service agreements and reconciliations.

• Coordinate and collect information from all departments for annual budget.
• Annual consolidated budget
• Monthly cost report to budget holders.
• Closing of books of accounts
• DGCX and DCCC cost allocation structure
• Review and inform actual performance v/s budget through monthly cost reports to Head of department and clarify information as and when requested.
• Coordinate and collect information from all departments for monthly management reporting.
• Monthly MIS.
• Finance System (Navision) support.
• Optimum utilisation of the system and produce accurate reports from system.
• Financial Accounting
• Ensure recording and posting of transactions such as revenue, supplier payments, bank transfers, etc in the financial system on a daily basis.
• Reconciliation

Ensure Bank Reconciliation:
• Payables and receivables
• Inter-company
• Financial closing activities

Monthly closing activities:
• DGCX consolidated books
• DCCC books
• Assist in preparation of P&L, Balance sheet and Cash-Flow
• Ensure member collaterals are reconciled in agreement with Clearing Corporation records
• Liaise with vendors
• Ensure prompt recording and processing of payments in line with the policies
• Cost Allocation between DGCX & DCCC books of account.
• Develop and ensure approved cost allocation principle is followed to allocate cost and revenue between DGCX & DCCC.
• Petty Cash Management
• Ensure all payments are authorised in line with accounting & payment procedure and supported with documents.

Requirements

Qualifications
CA / CFA or ACCA with a Bachelor’s Degree in Accounting/Finance.

Experience
At least 5-7 years of relevant experience in Accounts department of which minimum 3 years middle-management experience in financial accounts closing.

Knowledge
Accounting software package, IFRS

Skills
Strong communication and presentation skills, including ability to develop and present clear and concise analyses and co-ordination within department team members and external stakeholders such as auditors.

Traits
Communicate well, Be adaptable and work hard

About the Company

Dubai has historically been an international hub for the physical trade of not only gold, but also many other commodities and so the establishment of the Dubai Gold & Commodities Exchange (DGCX) was the next logical step for the region and the local economy. DGCX commenced trading in November 2005 as the regions first commodity derivatives exchange and has become today, the leading derivatives exchange in the Middle East.

DGCX is a subsidiary of Dubai Multi Commodities Centre (DMCC), a strategic initiative of the Government of Dubai, with a mandate to enhance commodity trade flows through the Emirate by providing the appropriate physical, market, financial infrastructure and services required. The Management team of DGCX comprises senior personnel from the commodities, securities and financial services industries bringing a wealth of experience and expertise to ensure the success of DGCX.

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Accounts Officer salaries in UAE

Average monthly compensation
AED 7,000

Breakdown available for industries, cities and years of experience