Accountant

Position Overview:

An Accountant is responsible for managing financial records, ensuring compliance with financial regulations, and preparing reports to assist in decision-making. They play a crucial role in maintaining the financial health of an organization by recording transactions, reconciling accounts, and analyzing financial data.

Responsibilities:

• Maintain accurate and timely financial records by managing the general ledger, journal entries, and reconciliations.
• Process and manage invoices, payments, and collections, ensuring timely and accurate recording of all transactions.
• Perform regular bank reconciliations, ensuring all transactions are properly recorded and discrepancies are addressed.
• Prepare monthly, quarterly, and annual financial reports, ensuring they are in line with International Financial Reporting Standards (IFRS).
• Manage Corporate Tax and VAT returns, submissions, reconciliations as per UAE Federal Tax Authority (FTA) requirements.
• Oversee payroll calculations and ensure timely and accurate salary payments, compliance with labor laws, and management of employee benefits.
• Monitor and analyze company expenses to ensure alignment with the budget, preparing expense reports as needed.
• Assist with internal and external audits by providing documentation, financial records, and any additional information required.
• Support cash flow management by preparing cash flow statements, tracking receivables, and ensuring timely payments to suppliers.
• Maintain a detailed record of the company’s fixed assets, overseeing depreciation schedules and accounting for asset acquisition/disposals.
• Ensure compliance with local laws, regulations, and accounting standards, including keeping up to date with changes in financial and tax regulations in the UAE.

Skills:

• Ability to accurately maintain the general ledger, process journal entries, and perform reconciliations to ensure precise financial records.
• Strong understanding of UAE Federal Tax Authority (FTA) regulations, including Corporate Tax, VAT, and IFRS compliance for financial reporting.
• Proficiency in processing invoices, managing collections, and handling payments to ensure smooth cash flow operations.
• Proficiency in accounting software (e.g., QuickBooks, SAP, Oracle) and MS Office (especially Excel).
• Strong analytical and problem-solving skills with high attention to detail.
• Excellent organizational skills and the ability to handle multiple tasks efficiently.
• Strong communication skills, both written and verbal, with fluency in English.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional accounting certifications (e.g., CPA, ACCA, CMA) are a plus.
• 3+ years of experience in a similar accounting role, preferably within the UAE or the GCC region.
• Thorough understanding of UAE VAT laws and compliance with the Federal Tax Authority (FTA).
• Solid knowledge of IFRS and UAE financial regulations.

If you are interested in this job, please Apply Now

Tagged as: Accounting, VAT