Chief Accountant

The Role
1. Scope of Work The Chief Accountant is responsible for supervising and executing daily accounting operations related to Accounts Receivable, Accounts Payable, and General Ledger to ensure accurate accounting, timely month-end closing, and effective compliance with IFRS standards and internal controls. The role supports financial reporting, audits, taxation, and reconciliation activities and ensures accuracy and integrity of financial records. 2. Duties, Responsibilities & Authorities Financial Operations Execution • Supervise and manage day-to-day AR, AP, and GL accounting activities. • Ensure adherence to accounting policies and internal control procedures. • Review and post accounting entries, journal vouchers, and reconciliations. • Support process improvements and ensure accuracy and timeliness of financial transactions. Accounts Payable (AP) • Oversee processing of supplier invoices and ensure payments based on approved contracts and terms. • Review vendor reconciliations and AP ageing; follow up and resolve long outstanding balances. • Coordinate with Procurement, Treasury, and business units to ensure smooth payment operations. • Monitor supplier advances, project cost allocations, retention balances, and related schedules. Accounts Receivable (AR) • Supervise customer invoicing, collection follow-up, and reconciliation of customer accounts. • Review AR ageing reports, monitor overdue balances, and highlight collection concerns. • Coordinate with Sales/CRM and Legal for contract-related matters and dispute resolution. • Monitor customer advances, retention receivables, and credit limit usage. General Ledger & Month-End Closing • Oversee month-end closing ensuring all accruals, provisions, amortizations, and adjustments are recorded accurately. • Prepare and review balance sheet schedules, account reconciliations, and intercompany transactions. • Ensure compliance with IFRS and internal accounting standards. • Maintain and update chart of accounts and financial structure in ERP. Audit & Compliance • Support external and internal auditors by preparing schedules, documentation, and responses. • Ensure timely and accurate completion of statutory and internal audit requirements. • Assist in ensuring VAT and Corporate Tax compliance and regulatory reporting. System & Process Improvement • Support automation and ERP system enhancements to improve efficiency. • Identify areas for strengthening internal financial controls and process optimization. Authorities • Review and recommend approval of accounting transactions as per Delegation of Authority. • Propose process improvements and corrective actions on accounting matters. • Supervise and guide junior accountants and team members.

Requirements
Education • Bachelor’s degree in accounting / finance; Professional qualification (ACCA / CPA) preferred Experience • 5–6+ years in accounting including supervisory experience in AR/AP/GL Systems • Strong ERP system experience and advanced Excel & reporting tools Skills • Excellent accounting knowledge, IFRS standards, tax basics, reconciliations and closing processes

About the company
MAG Group Holding is a multinational conglomerate based in Dubai, UAE. The group was established in 1978 by Founder and Chairman Moafaq Al Gaddah, and is now one of the largest corporations in the region, maintaining a highly prominent position of leadership among its peers in the real estate, contracting and engineering, industrial and commercial trading, freight services, and hospitality sectors. The group is headquartered in the UAE and has offices in China, Iraq, Turkey, and the USA, encompassing more than 50 companies and employing over 2,000 people around the world. MAG Group believes that success is reserved for those who dare to change and embrace progress. Underpinned by this vision, the groups mission is to achieve economic growth across all of the sectors it operates in, while always preserving its moral values and placing the priority on benefiting its customers and communities. Since its humble beginnings as a one-man spare automotive parts company, MAG Group Holding has evolved to become one of the most highly respected and awarded conglomerates in the Middle East.