Job Objectives:
The General Accountant will support the Finance Department by performing a variety of accounting functions, including Accounts Payable, Accounts Receivable, Cash and Bank Management, and Reporting. The role requires a solid understanding of IFRS standards, careful review of general ledger transactions, and adherence to sound accounting practices across all financial processes.
Responsibilities and Duties:
- General Ledger Management and Accounting Operations
- Perform daily accounting activities to maintain the companys ledger, ensuring accurate posting of transactions.
- Support the preparation of monthly management accounts through timely and correct postings.
- Investigate and resolve any accounting discrepancies or irregularities.
- Follow internal control procedures and contribute to continuous improvement initiatives.
- Reconciliations and Financial Controls
- Complete and review all major account reconciliations (e.g., bank, intercompany, and other balance sheet accounts).
- Ensure all balances are fully supported with proper documentation.
- Reconcile financial discrepancies and maintain the integrity of financial records.
- Verify and process supplier invoices promptly.
- Prepare payments (cheques, transfers, or other methods) in a timely and accurate manner.
- Reconcile accounts payable and address supplier inquiries efficiently.
- Accounts Receivable (A/R)
- Verify and process customer invoices in a timely manner.
- Post customer payments (cash, cheque, transfers) accurately into the accounting system.
- Maintain and distribute accurate records of outstanding receivables and overdue accounts.
- Inventory and Intercompany Reconciliation
- Assist with accurate inventory management and maintain error-free records to prevent valuation discrepancies.
- Reconcile intercompany transactions monthly to ensure consistency and accuracy across entities
- Record acquisitions, disposals, and depreciation of tangible and intangible fixed assets.
- Maintain an up-to-date and accurate fixed asset register.
1. Financial Reporting and Compliance
- Assist in the preparation of the companys Balance Sheet, Profit and Loss Statement, and Cash Flow Statements.
- Support the annual budget preparation and quarterly forecast processes.
- Prepare and submit VAT returns in compliance with UAE FTA regulations.
- Audit and Certification Support
- Assist in the timely and accurate year-end audit process.
- Prepare audit schedules and provide necessary documentation for external auditors.
- Support the management of corporate certification requirements, including ICV compliance and credit rating documentation.
- Collaboration and Process Improvement
- Collaborate with internal departments to ensure accurate financial reporting and data flow.
- Support the Senior/Chief Accountant in identifying and implementing workflow and process improvements.
- Budget Monitoring and Financial Analysis
- Monitor actual vs. budgeted performance and assist in taking corrective actions where necessary.
- Provide insights and support to maintain financial targets.
- Confidentiality and Ethical Standards
- Maintain strict confidentiality of customer, supplier, and company information at all times.
- Uphold high standards of honesty, integrity, and professional conduct.
Qualifications:
Degree in Commerce or Business Administration with a concentration in Accounting and/or Finance (B Com / M Com / BBA), or similar
Preference for additional academic certifications, such as CMA / ACCA / CFA / CPA / Inter CA
Years of Experience:
Minimum of 5-6 years experience in general accounting, preferably in manufacturing and/or the contracting industries.