Accountant - Revenue

Accountant – Revenue

Functional Responsibilities:

• Booking revenue for entire company ensuring compliance with IFRS15. Ensure all month end entry vouchers, reversals and other entries are performed to provide an accurate and complete set of financial statements.
• Carry out revenue assurance exercises on month end revenue to ensure accuracy and completeness.
• Perform the accounts receivable process, including invoicing, cash application, and collections, ensuring accurate and timely recording of revenue and proper billing to customers and specifically Microsoft and MOCIT.
• Collaborate with cross-functional teams, such as sales, customer service, and project management, to ensure proper alignment of Microsoft and MOCIT billing activities with contract terms, pricing, and project milestones.
• Conduct accurate and timely reporting of Microsoft and MOCIT Total Contract Value for the month and YTD including the unwind.
• Preparation of Microsoft and MOCIT customer profit and loss accounts to ensure returns are maximized.
• Calculate electricity pass-through amounts to Microsoft and MOCIT checking to Kahramaa bills and MEEZA data centre readings. Invoice, agree with customer and follow up for collection.
• Monitor accounts receivable aging and collections for Microsoft and MOCIT, implementing appropriate collection strategies to minimize bad debt and improve cash flow.
• Prepare balance sheets reconciliations for accrued revenue and deferred revenue and all associated accounts ensuring accuracy, compliance with accounting standards and timely reporting.
• Providing staff within Finance with various requirements upon their request and following up with concerned dept.
• Conduct month-end and year-end closing activities, such as reconciliations, accruals, and journal entries, to ensure accurate and complete financial records.
• Assist with the preparation of Microsoft monthly and quarterly reporting including preparation of presentations as required.
• Analyze actual revenue, identifying trends, anomalies, and areas for improvement, and providing insights to management for decision-making purposes.
• Review and provide explanations for month on month and quarter on quarter actual revenue movements.
• Provide actual and revenue unwind files for the annual budgeting and forecasting processes, working closely with business units and finance teams to gather information, perform analysis, and ensure alignment with strategic objectives.
• Assist in the implementation and maintenance of internal controls and accounting policies, ensuring compliance with regulatory requirements and best practices. Ensure Internal Controls over Financial Reporting are designed and operating effectively.
• Collaborate with cross-functional teams, such as accounts payable, general ledger, FP&A, to ensure accurate and timely processing of financial transactions and resolve any discrepancies or issues.
• Stay updated on accounting principles, standards, and regulations, recommending and implementing changes to accounting procedures and systems, as necessary.

Knowledge, Skills & Experience

Academic & Professional Qualifications:

• Bachelor's degree in Accounting, Finance, Business, or equivalent.
• Accounting certification (e.g., CA, CPA, ACCA, etc.) required.

Experience:

• 8-10 years of experience in Finance Operations and specifically AR and Revenue.

Skills and Requirements:

• Strong knowledge of accounting principles and practices, including experience with some of the following: general ledger maintenance, account reconciliations, financial reporting, invoice processing, billing, invoicing, credit management, collections, asset acquisition, depreciation, asset disposals, or internal controls.
• Proficiency in using accounting software and enterprise resource planning (ERP) systems, as well as advanced skills in MS Excel for data analysis and manipulation.
• Attention to detail, accuracy, and the ability to work with large volumes of financial data while ensuring compliance with accounting standards and regulations.