Senior Accountant

A Government Entity in the Emirate of Ras Al Khaimah

Ras Al Khaimah, UAE

Posted
Ref: LP927-64

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

About the Company

A government entity in the Emirate of Ras Al Khaimah.

Candidates who applied for this job also applied for:
Accountant
Dubai Parks and Resorts
Dubai 29 Dec
Senior Accountant
TGC Consulting Middle East
Dubai 13 Feb
Senior Accountant
Emirates Refreshments Company
UAE 14 Feb
Assistant Finance Manager
Dubai Investments
Dubai 10 Jan
Sr. Accountant
Kelmer Group
Dubai 25 Jan
Job Alerts by Email
  • Personalised updates on latest career opportunities
  • Insights on hiring and employment activity in your industry
  • Typically sent twice a month
Senior Accountant salaries in UAE

Average monthly compensation
AED 8,500

Breakdown available for industries, cities and years of experience