Senior Accountant

Job Summary

• Ensure to send the summary of Monthly Sales Report and its analysis.
• Review all the cancelled deals and send reports to concern authorities.
• Monitor the flow of petty cash funds and timely liquidations thereof.
• Monitor daily cash flow and cash/cheque deposits.
• Monitor Loans and PDC cheque payments and ensure to settle these, on timely manner.
• Monitor Accounts of supplier & customer; Ensure its timely reconciliation.
• Monitor and verify approved quotations from the Sister Companies.
• Monitor the daily performance of the accounting team and their financial transactions.
• Provide guidance to the Accounting team and make necessary follow up on their tasks.
• Reconcile and Monitor the vehicle inventory in systems/software to ensure accuracy and make sure to report periodically to related authorities.
• Oversee daily transactions, including accounts payable/receivable, approve general ledger entries after auditing and bank reconciliations.
• Monitor and ensure the transactions with vehicle suppliers are as per the set terms & conditions and the related documentations.
• Ensure RTA transactions and sales agreements are properly done and liquidated on a daily basis.
• Supervise and support Operations Accountants on submission of relevant documents to Banks, Suppliers, RTA, etc.
• Monitor daily closing of showroom sales, Sales Report on Sold Cars, Reservations, Bank Cheque Receivables, etc.
• Oversee invoicing and customer collections of the accounting team are as per set guidelines.
• Manage month-end and year-end closing activities of Company finance.
• Monitor the calculation & compliance of approved commission structure for Sales team, Purchase in-charge, Finance & Insurance, etc.
• Responsible for the calculation of commission for the consignment stock.
• Monitors number of Cars payable and Hayaza received/paid.
• Prepare monthly financial statements report; Process end/year-end financial statements.
• Prepare projected cash flow for the month and succeeding months for Chief Accountant’s review.
• Monitor, track and report Salesmen and Purchasing Manager’s Trade in and direct sold cars.
• Coordinate Export Sales; facilitate filing of Export documents.
• Ensure the accurate compliance of employee compensation and benefits which includes Leave Payment, EOS settlement, etc. in coordination with HR department and UAE Labour Laws.
• Monitor and verify summarized employees’ loans, advances and fines/deductions for payroll.
• Ensure the transferring of approved payroll through WPS on monthly basis and ensure sufficient financial means for transfers.
• Reconcile financial discrepancies by collecting and analysing account information.
• Ensure all financial transactions are accurate, up-to-date, reconciled, internally audited and reported periodically.
• Comply with federal, state, and local financial legal requirements by studying existing and new legislation and advising management on needed actions.
• Prepare financial records for external auditing and provide support & assistance to the external audit processors as per assigned duties.
• Ensure all financial transactions are in line with country legislative taxation policies (Value Added Tax); submit the reports on the same as and when required.
• Develop and monitor budget information for the accounting department; track expenditures and variances, and take corrective measures as needed.
• Contribute financial data to business plans, strategic plans and reviews as necessary to ensure they meet accounting operational standards.
• Document all financial transactions by entering account information into systems/software, files, etc. to secure a complete data base backup.
• Prepare financial reports periodically by collecting, analysing, and summarizing account information.
• Continuously improve the professional and technical knowledge of Accounting systems.
• Maintain a strict level of confidentiality on company financial statuses, business relationships, etc.
• Develop and maintain a strong integrity towards the assigned duties and responsibilities; ensure to highlight important Accounting information to Reporting Authority/Management as and when required.
• Assist in developing and implementing internal financial & accounting policies and procedures with a strict level of compliance.
• Periodically conduct the intercompany reconciliation to close monthly and yearly financial obligations.

Qualifications

• 5+ years’ of professional accounting experience
• Master’s degree in Accounting or Finance
• CPA preferred