Accounts Executive

Role Purpose:

To take full ownership of the company’s lease accounting and IFRS 16 compliance, ensuring accurate recognition, reporting, and management of all lease-related transactions, including direct debits and lease payments. In addition, the role is responsible for managing broader finance functions such as general accounting, reconciliations, and month-end/year-end closing, ensuring the integrity and accuracy of financial statements.

Key Responsibilities

Lease Accounting & IFRS 16 Compliance

· Manage complete lease accounting under IFRS 16, including recognition, measurement, depreciation, interest, remeasurements, and reporting. Ensure compliance with standards and internal policies.

Lease Payments & Direct Debits

• Oversee timely processing of lease-related payments, including direct debits, rent, and associated charges. Monitor accuracy and maintain payment schedules..

Monthly Lease Payment Reporting

· Prepare and circulate monthly lease payment reports, ensuring management visibility of due dates, cash flow impact, and compliance with contractual obligations.

Cash Flow & Funding Management

· Monitor cash flow requirements and ensure sufficient funding in bank accounts to meet lease liabilities. Coordinate with banks for fund movements and optimize liquidity management..

General Accounting & Closing

• Handle month-end, quarter-end, and year-end closing activities, including journal entries, reconciliations, accruals, and financial statement preparation. Ensure completeness and accuracy of books.

Audit & Compliance

· Prepare supporting schedules for audits, respond to auditor queries on lease accounting and general finance areas, and ensure compliance with UAE VAT, tax, and other regulations.

Systems & Controls

· Strengthen internal controls by developing and implementing a leasing module in ERP D365 integrated with finance systems. Ensure smooth functioning of accounting systems and recommend continuous process improvements.

Job Type: Full-time

Pay: AED5,000.00 - AED6,000.00 per month

Application Question(s):

• Do you have an experience in lease accounting in UAE?
• Do you have experience in IFRS 16?
• What is your salary expectation?