Key Responsibilities
• Collaborating with internal departments to gather, analyze, and interpret relevant financial information.
• Performing audits on financial data to assure its accuracy and truthfulness.
• Aligning general ledger accounting practices to support budgeting and forecasting.
• Maintain balance sheet schedules and perform the month-end and year-end close process.
• Reconciling accounts with the general ledger.
• Prepare/posting Journal Entries including closing JVs - entering financial data such as accruals, deferrals, reclassifications, and interdepartmental entries into the ledger on a monthly basis.
• Performing account analysis to ensure that journal entries and balances are correct
• Prepare financial statements and financial reports.
• Analyze and report on budget variances.
• Gathering suppor9ng documentation and performing recordkeeping.
• Analyse and perform foreign currency exchanges.
• Advise management/Manager on accounting and financial matters.
• Keeping abreast of regulatory requirements and best practices in accounting.
• Supporting Internal Auditors.
• Supporting External Auditors.
• Supporting Tax/compliance department.
• Supporting IT dept in case of new ERP systems.
Tax Accounting & Compliance
• Ensure all general ledger entries are recorded in compliance with VAT, Corporate Tax, and Withholding Tax regulations, with proper supporting documentation.
• Verify that intercompany and related party transactions are accurately posted in accordance with transfer pricing policies.
• Reconcile and maintain VAT, Corporate Tax, and WHT schedules for review by the Finance Manager or Tax Team.
• Post tax-related journal entries, including provisions, accruals, and adjustments, accurately and in a timely manner.
• Ensure that all accounting entries reflect any adjustments resulting from tax audits, credit notes, or amended returns.
• Monitor and ensure compliance with tax filing deadlines, including VAT, Corporate Tax, and WHT, and escalate issues to the Finance Manager.
• Maintain proper documentation and filing to support tax positions and ensure readiness for audits or inquiries.
• Provide data to tax team for returns submission as per the agreed deadlines.
• Monitor updates in tax legislation, communicate changes to the accounting team, and implement required updates in GL processes.
• Participate in tax training sessions conducted by the Tax/Finance team and ensure timely implementation of new procedures.
• Assist in identifying poten9al tax optimization opportunities, such as unclaimed input VAT or overpaid WHT.
• Liaise with the Finance Manager, Tax Team, and external advisors to implement tax-related instructions and ensure compliance.
• Support the Finance Manager in preparing reports and schedules required for tax planning, audits, and management reporting.
Decision Making Authority and Responsibility
• Guided by the Unit Finance Manager/Accounts Supervisor while independently managing daily/periodic tasks.
Qualifications & Experience:
• Bachelor’s degree in commerce/finance, CMA/CPA/CA-Intermediate preferred.
• Minimum of 8 years of relevant industry experience in Finance/Accounts/Audit or related fields in the UAE.
• Familiarity with Interna9onal Financial Reporting Standards/International Standards of Audit is a plus.