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General Accountant

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.
  • Accounts Payable (A/P)
  • 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
  • Fixed Asset Register
  • 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.

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