Senior Accountant

Job Summary

The Senior Accountant will be responsible for overseeing the day-to-day accounting operations, ensuring accuracy of financial records, managing month-end and year-end closing activities, and supporting compliance with UAE regulations including VAT and Corporate Tax. The ideal candidate will bring strong technical accounting expertise, leadership skills, and a proactive approach to process improvement.

Key Roles and Responsibilities

Financial Accounting & Reporting

- Prepare, review, and finalize monthly, quarterly, and annual financial statements in accordance with IFRS.

- Manage the general ledger, ensuring accuracy and completeness of all journal entries.

- Perform month-end and year-end closing activities, including accruals, prepayments, depreciation, and provisions.

- Prepare balance sheet reconciliations and resolve discrepancies in a timely manner.

- Maintain the fixed asset register and ensure proper capitalization, depreciation, and disposal accounting.

Accounts Payable & Receivable

- Oversee accounts payable and receivable functions, ensuring timely processing of invoices and payments.

- Monitor aging reports and follow up on overdue receivables to maintain healthy cash flow.

- Reconcile supplier and customer statements and resolve any disputes or variances.

- Review and approve payment runs, petty cash transactions, and employee expense reimbursements.

Bank & Cash Management

- Perform daily and monthly bank reconciliations across multiple accounts and currencies.

- Monitor cash flow positions, prepare cash flow forecasts, and recommend funding actions.

- Coordinate with banks for facilities, LCs, trust receipts, and trade finance instruments.

Taxation & Regulatory Compliance

- Prepare and file VAT returns in compliance with UAE Federal Tax Authority (FTA) regulations.

- Ensure compliance with UAE Corporate Tax requirements, including computation, filing, and supporting documentation.

- Maintain proper records for Economic Substance Regulations (ESR) and Ultimate Beneficial Owner (UBO) reporting where applicable.

- Stay updated on changes in UAE tax laws, accounting standards, and statutory requirements.

Audit & Internal Controls

- Coordinate with external auditors during annual statutory audits and provide required schedules and supporting documents.

- Implement and monitor internal controls to safeguard company assets and ensure financial accuracy.

- Identify gaps in processes and recommend improvements to strengthen the control environment.

Inventory & Cost Accounting

- Oversee inventory accounting, including stock valuation, reconciliation, and physical count variances.

- Analyze cost of goods sold (COGS) and gross margins, and report variances to management.

- Support pricing decisions through cost analysis and profitability reporting.

Budgeting, Forecasting & Analysis

- Assist in the preparation of annual budgets and rolling forecasts.

- Conduct variance analysis between actuals and budget, and provide commentary to management.

- Prepare ad-hoc financial reports, dashboards, and KPI analysis to support business decision-making.

Team Leadership & Cross-Functional Coordination

- Supervise, mentor, and review the work of junior accountants and finance staff.

- Collaborate with operations, procurement, sales, and logistics teams to ensure accurate financial recording of business activities.

- Liaise with banks, auditors, tax consultants, and regulatory authorities as required.

Systems & Process Improvement

- Maintain and improve accounting workflows in the ERP / accounting system (e.g., Zoho Books, QuickBooks).

- Identify opportunities for automation and efficiency in financial processes.

- Ensure proper documentation, filing, and archiving of financial records.

Qualifications & Requirements, Education

- Bachelor's degree in Accounting, Finance, or related discipline.

- Professional certification preferred: ACCA or equivalent.

Experience

- Minimum 5–7 years of progressive accounting experience, with at least 2 years in a senior or supervisory role.

- Prior experience in the **trading / general trading / import-export industry** in the UAE is highly preferred.

Technical Skills

- Strong knowledge of IFRS and UAE VAT and Corporate Tax regulations.

- Proficiency in ERP / accounting software (Tally, SAP, Oracle, Zoho Books, QuickBooks, or similar).

- Advanced MS Excel skills (pivot tables, VLOOKUP, financial modeling).

- Experience with multi-currency transactions and trade finance instruments (LC, TR, etc.) is a plus.

Soft Skills

- Strong analytical and problem-solving skills with attention to detail.

- Excellent communication skills in English; Arabic is an advantage.

- Ability to work under pressure and meet strict deadlines.

- High integrity, confidentiality, and professional ethics.

- Leadership ability to manage and develop a small team.

What We Offer

- Competitive salary package commensurate with experience.

- Annual benefits in line with UAE Labour Law (medical insurance, annual leave, air ticket, end-of-service gratuity).

- Opportunity to work in a growing trading environment with exposure to diverse business operations.

- Career growth and professional development opportunities

Pay: AED5,000.00 - AED5,500.00 per month

Education:

• Master's (Preferred)

Experience:

• Finance and Accounting: 5 years (Preferred)

Language:

• English (Preferred)

Work Location: In person