General Accountant

Location
Sharjah (Emirate)
Salary
AED (3500 - 4500) / month
Posted
15 Jan 2025
Closes
15 Feb 2025
Job role
Accountant
Contract type
Permanent
Hours
Full time
Experience level
Part qualified

Accurate and Efficient Data Entry

  • Ensuring all financial transactions are meticulously recorded in the accounting system.
  • Maintaining updated and precise records of sales, purchases, expenses, and payments to support financial decision-making.
  • Regularly review data entries to identify and correct errors, minimize discrepancies, and improve overall financial accuracy.

Management of Accounts Payable and Receivable

  • Monitoring and managing vendor invoices ensures timely payments and maintains good supplier relationships.
  • Generating and sending invoices to customers, following up on outstanding payments to optimize cash flow.
  • Reconciling accounts to ensure all receivables and payables are accounted for accurately.

Overseeing and Maintaining Inventory Records

  • Tracking stock levels to ensure accurate inventory valuation in the financial records.
  • Coordinating with warehouse or store personnel to match the physical inventory with system records.
  • Highlighting discrepancies, if any, and ensuring corrective actions are taken promptly.

Managing the General Ledger and Ensuring Proper Reconciliations

  • Recording all journal entries, including adjustments, accruals, and provisions, to maintain accurate general ledger records.
  • Conducting periodic reconciliations of sub-ledgers and main accounts to ensure all financial information is in harmony.
  • Identifying discrepancies and resolving them proactively to maintain financial integrity.

Performing Bank Reconciliations Regularly

  • Comparing company financial records with bank statements to ensure consistency and identify any variances.
  • Investigating and resolving discrepancies such as unrecorded transactions, bank charges, or fraudulent activities.
  • Maintaining up-to-date bank reconciliation statements for audit readiness.

Ensuring Compliance with UAE VAT Laws and Regulations

  • Calculating and filing VAT returns in line with the Federal Tax Authority (FTA) requirements.
  • Staying updated on changes to UAE VAT laws and implementing them in the company’s financial processes.
  • Maintaining proper documentation to support VAT claims and input tax credits during audits.

Independently Handling Accounting and Financial Tasks

  • Managing the full cycle of accounting functions, from transaction recording to finalizing accounts.
  • Demonstrating the ability to resolve financial challenges independently with minimal supervision.
  • Preparing for audits by maintaining proper records and ensuring compliance with local accounting standards.

Managing Payroll and Ensuring Accurate Disbursement of Salaries

  • Calculating employee salaries, deductions, bonuses, and allowances accurately.
  • Ensuring timely salary disbursement and compliance with UAE labor laws, including WPS (Wage Protection System).
  • Handling payroll records securely and preparing reports for management or audit purposes.

Understanding of Import and Export Processes

  • Recording transactions related to imports and exports, including customs duties, shipping charges, and insurance costs.
  • Ensuring proper documentation for cross-border transactions in compliance with UAE and international trade regulations.
  • Coordinating with logistics and supply chain teams to streamline financial processes.

Preparation of Financial Statements and Reports

  • Compiling accurate financial statements, including profit and loss statements, balance sheets, and cash flow statements.
  • Preparing detailed reports for management to aid in strategic decision-making and performance analysis.
  • Ensuring compliance with International Financial Reporting Standards (IFRS) and other relevant guidelines.
     

    Qualifications:

  • Semi-qualified ACCA with significant progress towards full qualification.
  • Bachelor's degree in Accounting, Finance, or related field. Advanced degree or professional certifications preferred.
  • Minimum of 3 years (of which at least 1 year is UAE experience) of relevant experience with inventory management in a trading environment.
  • Strong technical knowledge of accounting principles, Tax laws, and regulatory frameworks.
  • Proficiency in accounting software (Tally/ Zoho Books) and Microsoft Office Suite.
  • Excellent communication and interpersonal skills.
  • Ability to thrive in a fast-paced, high-pressure environment, managing multiple priorities effectively.
  • Ability to work independently and meet deadlines

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