Michael Page
Michael Page has an opportunity for an Accountant to join a fashion brand expanding its presence in the UAE. This is an exciting opportunity to work with a fashion brand and independently manage the accounting function. Submit your application if you are interested.
Responsibilities of Accountant
Following are the key responsibilities of Accountant:-
Cash & Banking tasks of Accountant
- Oversee daily cash positions.
- Carry out financial transactions, including processing cheques, bank transfers, and cash activities.
- Analyze and monitor cash flow forecasts to optimize working capital.
- Manage relationships with banks and negotiate terms and conditions for banking services.
- Prepare and deliver reports on cash and bank activities to management.
Accounts Payable & Expense Management
- Handle vendor invoices, ensuring accuracy in data entry.
- Validate purchase orders, delivery receipts, and invoices for proper authorization and receipt of goods/services.
- Record and receive trade stocks.
- Code and allocate expenses to appropriate accounts and cost centers.
- Execute weekly or monthly payment runs, ensuring prompt payments to vendors.
- Reconcile vendor statements, resolve discrepancies, and manage vendor relationships.
- Address vendor inquiries and resolve payment-related issues.
- Maintain up-to-date records of accounts payable transactions.
- Generate and analyze reports related to accounts payable for management review.
- Ensure accurate and timely recording and closing of expenses.
- Provide detailed analysis and reconciliation of various expenses, including salaries, transportation, bank charges, and marketing expenses.
- Reconcile payroll data for accuracy and compliance.
- Maintain confidentiality of sensitive payroll information.
Tax Compliance
- Prepare tax working papers.
- Submit VAT returns monthly.
- Reconcile sales against returns versus system records.
- Ensure accurate VAT return filing by reconciling input taxes.
Fixed Asset Management
- Maintain the Fixed Asset Module in ERP.
- Conduct depreciation/amortization and upkeep of the Fixed Asset schedule in ERP/Excel.
- Record details of fixed asset additions and disposals.
Financial Reporting
- Prepare detailed Profit and Loss statements.
- Generate Balance Sheets.
- Provide comprehensive financial reports, including cash flow and margin summaries.
- Produce Stock Analysis reports.
Payroll Management
- Process and distribute employee payroll monthly.
- Ensure accurate and timely salary and benefits disbursement.
- Verify timekeeping records for accuracy.
- Calculate and process deductions, taxes, and withholdings.
- Address employee inquiries and concerns regarding payroll matters.
- Handle payroll tax submissions and statutory deductions.
- Distribute payroll reports to management.
- Reconcile payroll data for accuracy and compliance.
- Maintain confidentiality of sensitive payroll information.
Other Responsibilities of Accountant
- Ensure adherence to company policies, procedures, and relevant laws and regulations.
- Contribute to process improvement initiatives to enhance operational efficiency.
- Collaborate with internal teams to address operational queries.
- Assist in year-end audit processes related to overall accounts.
- Stay informed about industry best practices and changes in accounting standards.
Requirements of Accountant
- Bachelor’s degree in Accounting or Finance.
- Preference given to candidates with professional certifications such as CA, ACCA, or CIMA/CMA.
- 2 years demonstrated experience in a comparable position.
Skills and Abilities Desired
- Thorough understanding of accounting principles and methodologies.
- Proficiency in SAP/ERP systems and Microsoft Excel.
- Meticulous attention to detail and precision.
- Proficient analytical and problem-solving capabilities.
- Exceptional organizational and time-management proficiencies.
- Strong communication and interpersonal aptitudes.
- Capacity to work autonomously as well as part of a team.
Benefits
- The successful candidate for this role will be offered a competitive monthly salary with benefits.
