Jobs in Emirates - career in Emirates - vacancies in Emirates-Chief Accountant - FAYENDRA-Jobs in Emirates - career in Emirates - vacancies in Emirates
Job Overview:
Responsible for maintaining the General ledger, analysis of expense accounts as well as balance sheet accounts recommending accruals and adjustments as needed. Review input of accounts payable and payroll prior to entry into the financial systems. Review financial results with the management to ensure their understanding of the reported financial results.
Job Functions:
• To manage staff accountants and all departments as they relate to the service of the financial reporting and transactional accounting of the company’s Partnerships.
• Applies principles of accounting to analyze financial information and prepare financial reports for multiple affiliates
• Accomplishes tasks with particular emphasis on customer service and seeks to add value for the company’s managers
Duties & Responsibilities
• Performing accounting functions for financial segment of business including assisting in preparation and analysis of monthly financial and management reports
• Perform financial analysis of business as assigned by Controller
• Work with the preparation of the quarterly financial reporting package and assist in audit requests as assigned
• Identifying and contacting customers with overdue accounts, and entering data into computer to track collection efforts and progress
• Work with the management on CPR (property records) reviewing capital spending and project completion status
• Perform month expense and balance sheet account reconciliation and analysis for review by the Controller
• Gathering data through file research or discussion with sales/estimators in order to answer questions and compile backup information for further collection efforts
• Prepare and distribute financial reporting information including monthly Labor analysis, key financial metrics as determined by the State management team
• Review for accuracy, completeness and input payroll records weekly
• Review and analyze monthly results to ensure accuracy of financial statements, making accruals and adjustments as needed
Secondary Job Functions:
• Performing daily cash application functions
• Preparing work papers for audit and pre-qualification purposes
• Coordinating and/or working on special projects as assigned by the Accounting Manager or the management
Job Types: Full-time, Permanent
Experience:
• accountant: 5 years (Required)
• Perform financial analysis and reporting to management as needed.
• Perform month-end accounting activities such as reconciliations and journal entries.
• Coordinate with finance team to complete assigned accounting tasks within deadlines.
• Evaluate computerized accounting systems and provide recommendations to IT team for performance improvements.
• Generate financial reports and statements to Managers for review.
• Analyze financial discrepancies and recommend effective resolutions.
• Monitor expenditures, analyze revenues and determine budget variances and report the same to management.
• Respond to accounting inquiries from management in a timely fashion.
• Provide guidance to other Accountants when needed.
• Assist in budget preparation and expense management activities for assigned accounts.
• Assist in auditing activities by providing necessary information and preparing requested documentations.
• Monitor and record financial transactions according to company policies and regulations.
• Review and recommend changes to existing accounting procedures.
Requirements/Eligibility
• 5 + years of proven UAE or KSA experience as Chief Accountant is mandatory
• Must be Accounting Graduate
• Master Degree in Finance,Accounting or relevant certification (e.g CMA or CPA) will prefered
• In-depth understanding of International Financial Reporting Standard (IFRS)
• Extensive understanding of financial trends both within the company and general markets patterns
• Proficient usewr of finance/project accounting software (e.g: Focus, SAP, CRM)
• Strong interpersonal, communication and presentation skills
• Able to manage, guide and lead employees to ensure appropriate financial process are being used
• A solid understanding of financial statistic and accounting principles
• Working knowledge of all statutory legislation and regulations.
Responsibilities :
• Preparation of Financial statements according to IFRS and GAAP standards
• Summarize financial status on weekly/monthly basis for Management review
• Costing for each project according the cost centers
• To accurately monitor the bookkeeping and auditing functions in the company
• To conduct financial analysis and define the results of the operation of the company
• Monitor the sub contractor's progress payment
• Mange the supplier payment and review the credit terms with the relevant department periodically.
• Coordinate with the Project teams for smooth operational flow regarding supplier/subcontractors payment issues
• Review the petty cash accounts and audit the pricing on random basis
• Finalizing and reviewing the monthly closing progress, assisting with the preparation for internal and external audits
• Monthly/Budgeting and cash flow analysis for each project comparing with the BOQs
• Review monthly payroll and allocate the cost to relevant project cost center wise
• Randomly auditing work flow to assure that all accounting transactions are appropriately authorized
• Monitor the project and main store inventory on daily basis and prepare reconciliation between purchase and issuance to project
• Deal with the Banks for new Credit Facilities (General and project specific)
• Establish letter of credit for local and overseas suppliers
• Deal with clearing agents and customs for imports
• Finalize the monthly VAT reports and submit for FTA (having knowledge of reverse charge and refund)
• Lead the department and provide direction, and support to the management and departmental colleges as required.
• Maintain the balance subsidiary accounts by verifying, allocating, posting, reconciling transaction and to resolve discrepancies
• Maintain general ledger by transferring subsidiary accounts, preparing a trial balance, reconciling entries.
• Avoid legal challenges by complying with legal requirements as per prevailing laws
• Ensure and secure financial information by completing database backups and protect organization value by keeping the information confidential
Responsibilities
• Adhere to the Month-end close, supporting an on-time and error free process.
• Preparing management reports
• Support the delivery of P&L, Balance Sheet and Cash Flow statement by pre-determined deadlines.
• Preparation of all documents related to accounts receivable, accounts payable, accruals, cost accounting, inventory, fixed assets, revenue ensuring they have been accurately recorded and processed into company system.
• Keeping all documents and reconciliations up to date for monthly and quarterly reports and annual audit
• Preparation of customer invoices/billing.
• Assisting in the timely collection of receivables and on-time payment of supplier invoices.
• Preparation of cheques, payments and bank deposits.
• Review of requisition and LPOs in line with company best practices and processes.
• Cash/Bank reconciliation.
• Timely preparation of the VAT declaration.
• Supporting all ERP System data needs from all business areas ensuring that we have a data rich and accurate database
• Coordination with procurement, logistics and supply functions.
Job Details
| Posted Date: | 2019-06-30 |
| Job Location: | Abu Dhabi, United Arab Emirates |
| Job Role: | Accounting and Auditing |
| Company Industry: | Accounting/Auditing |
Preferred Candidate
| Career Level: | Mid Career |
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Jobs in Emirates - career in Emirates - vacancies in Emirates-Chief Accountant - FAYENDRA-Jobs in Emirates - career in Emirates - vacancies in Emirates
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