Job Description

Role objective - The Senior Accountant is specialized in handling various accounting tasks including cash flow

Management, Accounts finalization, invoicing, receivables and payables management, audits, landlord's database.

Senior Accountant should correct if there is anything wrong with the accounting system of the company or if junior accountant did mistake.

management, analyzing site profitability, conducting inter-company reconciliations, budgeting & variance analysis,

Corporate and VAT returns. The ideal candidate should have a strong background in accounting principles, excellent

analytical skills, and the ability to work effectively in a fast-paced environment.

Job Responsibilities

1. Cash Flow Management:

• Assist manager in cash flow management to ensure accuracy, completeness, and compliance with

financial regulations.

• Coordination with other departments

2. Accounts Closing:

• Perform month-end and year-end closing activities, including journal entries, account reconciliations,

and accruals.

• Ensure timely and accurate completion of closing tasks to facilitate financial reporting.

3. Invoicing:

• Generate and issue customer invoices promptly and accurately.
• Verify the accuracy of invoice details, including pricing, discounts, and terms.
• Monitor and follow up on outstanding invoices to ensure timely collections.

4. Receivables Management:

• Monitor accounts receivable balances and aging.
• Coordinate with internal teams and customers to resolve payment discrepancies and outstanding issues.
• Prepare and distribute periodic reports on accounts receivable status.

5. Audits:

• Assist in the preparation of financial statements for internal and external audits.
• Collaborate with auditors to provide necessary documentation and address inquiries.
• Participate in audit reviews and ensure compliance with audit requirements.

6. Landlords Database Maintenance:

• Maintain an accurate and up-to-date database of landlords, including lease agreements, rent payments,

and lease terms.

• Coordinate with relevant stakeholders to ensure accurate and timely recording of lease-related

information.

7. Site Profitability:

• Analyze financial data to assess the profitability of different sites or locations.
• Identify areas for improvement and provide recommendations to optimize site performance.

8. Inter-Company Reconciliation:

• Perform reconciliations between inter-company accounts to ensure accurate recording and elimination

of transactions.

• Investigate and resolve any discrepancies or variances identified during the reconciliation process.

9. Historical Profit and Loss (P&L) and VAT Returns:

• Maintain records of historical profit and loss statements and VAT returns.
• Prepare and submit accurate and timely VAT returns in compliance with applicable regulations.

MIS Reports - As an accountant, there are several key reports that you may need to submit to management regularly.

These reports provide insights into the financial health of the organization and help inform strategic decision-making.

Here's a list of essential reports that an accountant typically prepares for management:

1. Monthly Financial Statements:

• Income Statement (Profit and Loss Statement): Summarizes revenues, costs, and expenses to show the net profit or loss

for the month.

• Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at the end of the month.
• Cash Flow Statement: Shows the inflows and outflows of cash, detailing how cash is generated and used in operating,

investing, and financing activities.

2. Budget vs. Actual Report:

• Compares actual financial performance against the budgeted figures to identify variances. This report highlights areas

where the company is over or under budget.

3. Accounts Receivable Aging Report:

• Details outstanding invoices and their aging (how long they have been unpaid). This report helps management assess the

effectiveness of the collections process and cash flow.

4. Accounts Payable Aging Report:

• Similar to the accounts receivable aging report, this outlines the company's outstanding obligations to vendors, helping

management monitor cash outflows and manage liabilities.

5. Cash Flow Forecast:

• A projection of future cash inflows and outflows, helping management anticipate cash needs and make informed

decisions regarding investments and expenditures.

6. Sales and Revenue Reports:

• Breakdown of sales by product, service, or segment. These reports provide insights into revenue trends and help identify

high-performing areas or areas needing improvement.

7. Expense Reports:

• Detailed reports on expenses incurred by departments or projects, allowing management to track spending and identify

cost-saving opportunities.

8. Financial Ratios Analysis:

• Key financial ratios (e.g., liquidity ratios, profitability ratios, efficiency ratios) that help management assess the

company's financial performance and operational efficiency.

9. Variance Analysis Report:

• A detailed analysis of the differences between planned financial outcomes and actual results, explaining the reasons for

variances and potential impacts on future performance.

10. Forecasting Reports:

• Projections of future revenues, expenses, and cash flows based on historical data, trends, and anticipated changes in the

market or business environment.

11. Compliance and Audit Reports:

• Reports related to compliance with financial regulations and internal controls, including findings from internal audits or

external audits.

12. Key Performance Indicators (KPI) Dashboard:

• A visual representation of the most critical metrics that reflect the company's performance against its strategic goals.

13. Capital Expenditure Report:

• A report detailing capital projects, their costs, and the expected return on investment (ROI), aiding management in

decision-making regarding capital investments.

14. Tax Compliance Reports:

• Summaries of tax liabilities, payments, and filings, ensuring that the company meets all tax obligations in a timely

manner.

? Responsible for ensuring the completeness and accuracy of the

underlying books and records (P&L, Balance Sheet).

? Maintaining internal financial controls and procedures

? VAT (value added tax) files review and submission to FTA without failure.

? Coordinate with the sales coordinator to ensure correct allocation of credit notes.

? Review and reconcile monthly closing of bank reconciliation, review of aging analysis of trade debtors & trade creditors and their statement of accounts reconciliation.

? Meet regularly with department heads to review budgetary allowances and expenses, and to ensure that each area's financial records are reconciled by month-end.

? Preparation of WPS files for the entire group.

? Paying vendors by scheduling pay cheques and ensuring payment is received for outstanding credit.

? Makes petty cash expenditures, and pays certified vouchers.

? Reviews and approves journal vouchers and entries, invoices and accruals

? Processing employee expense reports to assure all required documents are included and charges coded correctly

Job Requirements:

• Master's degree in accounting, finance, or a related field. ACCA, CPA or relevant professional certification is a plus.
• Proven experience (minimum 5 years) in accounting, financial management and taxation.
• Strong knowledge of IFRS and accounting standards, financial regulations, and best practices.
• Proficiency in using accounting software (ERP like SAP, Oracle, Sage and Tally).
• Excellent Excel & Presentation skills.
• Excellent analytical and problem-solving skills with a keen attention to detail.
• Ability to work independently and meet strict deadlines.
• Effective communication and interpersonal skills for collaborating with internal and external stakeholders.
• Prior experience in Signage & Media Industry is desirable but not mandatory.
• Familiarity with relevant tax laws and regulations, including VAT and Corporate Tax

Job Type: Full-time

Pay: From AED6,000.00 per month