Job Title: Senior Accountant
Location: Dubai, UAE
Salary: 12,000AED Per Month
Position Overview:
The Senior Accountant is responsible for ensuring the accuracy and integrity of our financial operations. This position goes beyond traditional accounting, requiring a deep understanding of the unique challenges in the industry, including excise tax compliance, reporting, and inventory management for a controlled product. The ideal candidate will be a proactive, detail-oriented professional who can manage complex accounting tasks and contribute to the financial health of our company.
This position is based in Dubai and reports to the Finance Manager.
Key Responsibilities:
General Accounting & Financial Reporting:
- Manage day-to-day accounting operations, including accounts payable, accounts receivable, and general ledger entries.
- Perform monthly, quarterly, and annual accounting close activities, ensuring all deadlines are met.
- Reconcile bank statements and key balance sheet accounts.
- Assist in the preparation of timely and accurate financial statements in line with IFRS.
- Prepare and review monthly, quarterly, and annual financial statements in accordance with GAAP.
- Manage the full cycle accounting close process, ensuring all deadlines are met.
- Reconcile complex balance sheet accounts, with a focus on inventory, accrued liabilities, and tax accounts.
Operational Accounting:
- Analyse financial data and trends, providing meaningful insights and recommendations to management.
- Assist in the annual budget and periodic forecasting processes.
- Support the Accounts Payable and Accounts Receivable functions, ensuring accuracy and proper coding.
- Collaborate with external auditors during the annual audit and provide all necessary support.
- Maintain and analyse Bill of Materials (BOM) and standard costing for production.
- Monitor and reconcile Work-in-Progress (WIP), raw materials, and finished goods inventory.
- Perform cost variance analysis (material, labour, overhead) and provide recommendations to management.
- Ensure accurate allocation of production costs and overheads.
Trading Operations:
- Manage accounting for import/export transactions, including Letters of Credit (L/Cs) and supplier settlements.
- Handle multi-currency transactions and ensure accurate foreign exchange revaluation.
- Track and report gross margins by product line or trading activity.
Inventory & Cost Control:
- Coordinate and participate in periodic physical inventory counts and reconciliations.
- Ensure proper valuation of inventory in accordance with IFRS.
- Support the finance team with cost analysis to optimize pricing and profitability.
Process Improvement:
- Identify opportunities to streamline accounting processes and improve efficiency through automation and best practices.
- Develop and document accounting policies and procedures specific to the company's operations.
Qualifications:
- Bachelor's degree in finance, Accounting or Economics, or and related field; CMA/CPA preferred.
- 3-5 years of progressive accounting experience in manufacturing or general trading industry is preferred.
- Strong knowledge of cost accounting, inventory control, and ERP systems (SAP, Navision, or similar).
- Advanced skills in Microsoft Excel (PivotTables, VLOOKUPs, etc.).
- Strong analytical and problem-solving skills.
- Excellent communication and stakeholder management.
- Ability to work under tight deadlines.
- Excellent verbal and written communication skills in both Arabic and English
- Ability to handle sensitive information with confidentiality and professionalism.
- Exceptional organizational skills and attention to detail.
- Ability to prioritize and manage multiple tasks effectively.
Personal Qualities:
- Strong interpersonal and communication skills with the ability to build relationships at all levels.
- Exhibit a positive attitude and display a cheerful conduct with all employees.
- Strong analytical and problem-solving skills.
- Ability to act with integrity, professionalism, and confidentiality.
- Detailed oriented and high organization and time management skills.
- Ability to work independently and as part of a team in a fast-paced environment.
