Senior Accountant

Job description / Role

We are Chalhoub Group, a leading family business in the world of beauty, fashion and gifts. We have blended our Middle East expertise and intimate knowledge of luxury to offer service excellence to all our partners and a unique experience to all our customers for over 6o years

As we continue to grow, it's our vision to become a hybrid retailer, bringing luxury experiences to the fingertips of customers everywhere.

Our passionate teams drive our vision forward, without them, we couldn't create luxury experiences for our customers. Through opportunities, development and support, we empower each and every employee to achieve their career goals - and beyond. It's an exciting journey we're on, and one you could be part of.

What we are looking for: Senior Accountant

We are currently looking for a Senior Accountant The job holder of this position is responsible for planning and directing all accounting activities for the designated business units by assuming the following responsibilities

What you will do:

Organizational:

- Follow all relevant accounting policies, processes and standard operating procedures so that work is carried out in a controlled and consistent manner

Operational:

- Follow the day-to-day activities related to own job with minimal supervision to ensure continuity of work
- Follow-up on escalated cases /issues/questions of junior team members to ensure they are closed efficiently and in a timely manner

Accounting:

- Ensure adherence to accounting standards
- Plan, manage, coordinate and implement the year end closing processing for the assigned accounting records
- Provide technical accounting support and interpretation to the business units
- Ensure that no payments are delayed
- Reconcile all accounts and financial records of the business units
- Ensure that Bank reconciliations are verified on a timely basis and adequate to prevent any fraud or inaccuracies
- Review of the monthly bank reconciliations and sign off
- Ensure there are no long outstanding items in reconciliations
- Ensure maintaining the accounting and financial records of the related business units
- Direct the installation and maintenance of accounting records
- Support in cash management, banking, vendor relationships and implementation of the ERP system
- Liaise with HR on the financial and timely payment arrangements for the monthly payroll
- Coordinate with external auditors and provide them with all needed data
- Interact with IT in the implementation of system enhancements and improvements
- Ensure auditors are given the required information on time to complete the audit within the group deadlines
- Support in cash management, banking, vendor relationships and implementation of the ERP system
- Responsible for accurate accounting and ensure adequate internal control in cash collection and banking
- Assist in ensuring cash & treasury management
- Oversee the preparation of monthly management report s and accompanying schedules, worksheets and narratives
- Provide a comprehensive financial, accounting advice services and various reports and statements to business units' managers
- Prepare variety of studies, reports and related information and interpretation to the management for decision making purposes

Accounts Receivable:

- Ensure adherence to accounting standards and enforce them during audits of billing, Inter-company payables and receivables
- Plan, manage, coordinate and implement the year end closing processing for the assigned accounting records
- Provide technical accounting support and interpretation to the business units
- Ensure that all third-party customers' accounts are fully reconciled
- Oversee the verification and reconciliation for third party invoices and balances and balances…
- Ensure that statements of accounts are sent to customers monthly
- Oversee the preparation of third party reconciliations and the resolution of outstanding items
- Liaise with HR on the financial and timely payment arrangements for the monthly payroll
- Coordinate on external audit
- Interact with IT in the implementation of system enhancements and improvements
- Prepare monthly management reports and accompanying schedules, worksheets and narratives, including "Budget vs. Actual" variance reports
- Participate in cost analyses and rate studies
- Provide a comprehensive accounting advice services and various reports and statements to business units' managers
- Prepare variety of studies, reports and related information and interpretation to the management for decision making purposes

Intercompany:

- Ensure adherence to accounting standards and enforce them during audits of billing, Inter-company payables and receivables
- Plan, manage, coordinate and implement the year end closing processing for the assigned accounting records
- Provide technical accounting support and interpretation to the business units
- Ensure that all Intercompany customers' and suppliers' accounts are fully reconciled
- Oversee the verification and reconciliation for Intercompany invoices and balances and balances
- Oversee the preparation of inter-company reconciliations and the resolution of outstanding items
- Liaise with HR on the financial and timely payment arrangements for the monthly payroll
- Coordinate on external audit
- Interact with IT in the implementation of system enhancements and improvements
- Prepare monthly management reports and accompanying schedules, worksheets and narratives, including "Budget vs. Actual" variance reports
- Participate in cost analyses and rate studies
- Provide a comprehensive accounting advice services and various reports and statements to business units' managers
- Prepare variety of studies, reports and related information and interpretation to the management for decision making purposes

Reporting:

- Ensure adherence to accounting standards and enforce them at all times
- Monthly closing procedures are done smoothly and align with Client's time table.
- Plan, manage, coordinate and implement the year end closing processing for the assigned accounting records
- Provide technical accounting support and interpretation to the business units
- Liaise with HR on the financial and timely payment arrangements for the monthly payroll
- Interact with IT in the implementation of system enhancements and improvements
- Ensure queries from Clients/Suppliers are closely attended by the in-charge
- Support colleagues who face difficulty in fulfilling their task
- Prepare monthly management reports and accompanying schedules
- Provide a comprehensive accounting advice services and various reports and statements to business units' managers
- Prepare variety of studies, reports and related information and interpretation to the management for decision making purposes

Accounts Payable:

- Manage and monitor implementation of policies, procedures and controls relating to matching & approving of goods supplier invoices
- Manage and monitor implementation of policies, procedures and controls relating to booking of non-goods supplier
- Responsible for allocation of supplier account responsibilities to the direct reports for booking/matching invoices
- Responsible for ensuring suppliers are paid on/before due date for all companies
- Ensures accurate recording of all invoices and credit notes as per agreed SLAs for the team
- Research and resolve recording issues according to the department KPIs
- Ensures appropriate allocation of all prepayments made to suppliers
- Ensures escalation of all reconciling items per the escalation matrix
- Responsible for ensuring clearance of AP ITBR balances and preparation of APITBR schedules every month-end
- Ensure adherence to book closure procedures and timelines and responsible for AP period closing and opening for assigned companies
- Perform Control Self-Assessment (CSA) process and reporting and ensuring 100% compliance with the same.
- Support coordination with internal and external auditors for management and statutory audits, and ensure completion of annual audits as instructed by Chief Accountant
- Issue weekly/monthly KPI regarding status of invoice matching/booking by person & pendency.
- Participate and support the implementation and maintenance of the Oracle ERP
- Responsible for ensuring document control system in place & accurate to record document transactions.
- Accomplish human resource objectives by performance managing, mentoring, training, scheduling and disciplining employees
- Provide assistance in ensuring the work & deadlines of fellow team & subordinate team members is complete during period of leave as directed by chief accountant-Distribution accounting
- Supervise the team of admin assistants to ensure utilities, telephone and the other type of invoices are timely generated & given for booking
- To ensure tracker of utilities & other type of expenses is timely updated & it is monitored to ensure no lapses in generation of invoices

Trial Balance and Associated Reports:

- Each month, prepare and submit to the Chief Accountant a trial balance along with supporting balance sheet schedules for assigned companies in advance of the deadlines communicated
- Ensure all transactions of assigned companies are completely, timely and accurately recorded in ORACLE
- Pass monthly payroll entries & other entries as directed by Finance team of respective company
- Liaise with external auditors in order to get year-end audited financial statements issued within specified deadlines with clean audit opinion
- Participate, supervise and coordinate preparation of external audit materials and external financial reporting related to those respective companies

Requirements

What you need to succeed in this role:

- University Degree in Accounting, Chartered Accountant, CPA, ACCA, ACWA
- A minimum of 4 years of relevant experience with at least 2 years in a similar role

Ready to join our exciting transformation to become a hybrid retailer, bringing luxury experiences to the fingertips of our customers everywhere? Now's your chance. By being part of our journey here at Chalhoub Group, you can make a real impact on customers and some of the finest brands in the world. In return, you'll have everything you need to innovate your career.

What we can offer you

We will help shape your journey with us through enriching experiences, learning and development opportunities and exposure to different assignments within your role or through internal mobility.

Our Group offers the opportunity to support careers that may span different teams, different job roles, different categories and even different countries. We offer diverse career paths for those who show drive and passion as well as the desire to learn and grow.

Amazing benefits

We recognise the value that you bring, and we strive to provide a competitive benefits package which includes health care, life insurance, child education contribution & exclusive employee discounts.

About the Company

The Chalhoub Group is the leading partner for luxury across the Middle East since 1955. As an expert in retail, distribution and marketing services based in Dubai, the group has become a major player in the fashion, beauty and gift sectors regionally.

By blending its Middle East expertise and intimate knowledge of luxury, Chalhoub Group is building brands in the region, by offering service excellence to all its partners and a unique experience to its customers through its passionate teams.

With a growing workforce of more than 9,000 people, implemented in 14 countries, as well as the operating of over 470 retail outlets, the group's success is attributed to its most valued asset of highly skilled and dedicated teams. Professionalism and passion are what fuel the Chalhoub Group's competitive edge in today's market.

By being committed to implementing sustainable practices into their business, the Chalhoub Group has been awarded in 2013 the CSR Label from the Dubai Chamber of Commerce.