Job Description

• Maintain accurate and up-to-date financial records, including ledgers, accounts payable, accounts receivable, and bank reconciliations.
• Record daily financial transactions, ensuring compliance with relevant accounting standards and industry-specific requirements.
• Track and manage the financials of ongoing joinery projects, including materials, labor costs, subcontractor payments, and overheads.
• Assist project managers with cost monitoring, identifying variances between actual costs and budgeted estimates, and providing timely reports on project financial health.
• Prepare detailed cost estimates for joinery projects, working closely with the estimating team to ensure accuracy in material and labor costs.
• Prepare annual budgets and forecasts, tracking expenses and revenues for the joinery business to ensure profitability.
• Oversee the invoicing process for completed projects, ensuring all completed work is billed accurately and on time.
• Monitor outstanding payments from clients, and manage relationships with suppliers for timely payments and account reconciliation.
• Ensure compliance with tax regulations and prepare tax returns related to the joinery business, including VAT, sales tax, and other industry-specific taxes.
• Ensure financial practices comply with local accounting standards and relevant industry regulations.
• Prepare monthly, quarterly, and annual financial reports, including profit and loss statements, balance sheets, and cash flow statements.
• Provide financial analysis to senior management, offering insights into financial performance and advising on cost-saving measures or profit-enhancing strategies.
• Manage the financial aspects of inventory control, including tracking timber, materials, and other supplies used in joinery production.
• Ensure proper depreciation of fixed assets like machinery, tools, and equipment used in the joinery business.
• Develop and maintain effective internal controls to prevent fraud, errors, and financial discrepancies in financial reporting.
• Conduct internal audits and collaborate with external auditors as required.
• Monitor and manage cash flow to ensure the company can meet its financial obligations, including payroll, supplier payments, and other expenses.
• Identify cash flow issues and implement solutions to mitigate any short-term liquidity problems.
• Work closely with the project management, procurement, and operations teams to understand costs associated with materials, labor, and timelines.
• Assist in financial analysis for new projects, helping teams understand the financial implications of project decisions.

Job Type: Full-time

Pay: AED1.00 - AED1,000.00 per month

Experience:

• Accounting(Production): 6 years (Required)

Application Deadline: 15/01/2025