Senior Accountant

Please send your profile to hr@diamasjewelers.com or whatsapp +971 589349908

Aspirants with accounting experience from jewelry manufacturing industry, can only apply for the position.

Min 6 years experience in accounts, in which min 3 years currently working experience in UAE.

The Senior Accountant will manage the full spectrum of accounting and financial operations for a gold and diamond jewellery. This role requires strong expertise in cost accounting, inventory controls, precious metal reconciliation, and compliance with UAE accounting standards and regulations specific to the jewellery industry. The candidate must ensure accurate financial reporting, support audits, and contribute to strategic financial planning.

1. Financial Accounting & Reporting

• Prepare monthly, quarterly, and annual financial statements in alignment with IFRS and UAE regulations.
• Maintain general ledger, review journal entries, accruals, and account reconciliations.
• Manage Accounts Payable, Accounts Receivable, and ensure timely closing of books.
• Oversee bank reconciliations, cash flow forecasting, and treasury functions.

2. Costing & Inventory Management

• Develop and manage standard costing models for gold, diamonds, gemstones, and manufacturing processes.
• Monitor daily stock movements, wastage, and loss-in-process (LIP) for precious metals and stones.
• Reconcile gold and diamond stock balances between production, stores, and finance.
• Perform cost analysis for manufactured jewellery items, labour, and overhead allocation.

3. Compliance & Audit

• Ensure compliance with UAE VAT regulations (input/output reconciliation, filing, documentation).
• Coordinate with internal and external auditors; prepare audit schedules and support documentation.
• Maintain proper controls for handling precious metals, stones, and high-value inventory.
• Ensure adherence to anti-money laundering (AML) and KYC requirements applicable to the jewellery trade.

4. Budgeting & Financial Planning

• Support annual budgeting, forecasting, and variance analysis.
• Provide financial insights to management for pricing, procurement, and production decisions.
• Analyse cost-saving opportunities and support efficiency improvement initiatives.

5. ERP & System Management

• Ensure accuracy of inventory and production data flow between finance and operations.
• Recommend automation and process improvements.

6. Invoice preparation:

• Ensure the current gold and diamond rates and prepare an accurate invoice after analysing the internal reports.

Job Type: Full-time

Pay: AED5,000.00 - AED6,000.00 per month