Mohamed Hilal Group
Mohamed Hilal Group is currently seeking a highly skilled and experienced a Senior General Ledger Accountant to join finance team. Candidate will play a key role in overseeing the financial operations, ensuring accuracy, compliance and efficiency in all accounting processes. This position requires strong leadership skills, attention to detail and a deep understanding of financial regulations and best practices.
Responsibilities of Senior General Ledger Accountant
- Accounts Payable: To Review and approve POs as per the approval of the management (wherever required).
- Ensure proper prepayment invoicing request treatment and proper settlement of payments.
- Ensure vouching of final invoicing request and payment with proper settlement of payments.
- Ensure foreign currency rate applications for the payments through TTs.
- Ensure deposit of TT/cheques to the banks or to handover to the supplier in timely manners.
- Review and intimate internally and the procurement department for the discrepancies in receiving and invoicing.
- Analyze and evaluate customer statements to ensure proper accounting treatment and payable/ receivable status.
- Ensure proper posting of Payroll and other employee related payments in timely manner.
- Accounts Receivable: Ensure daily data evaluation mechanism for retail transactions by the retail team
- Proper statement calculation and posting status for retail transactions
- Ensure timely and accurate posting of payment deposits received from retail stores
- Ensure rollover cash deposits from previous periods and vouching
- Ensure proper posting of credit card collections and bank charges
- Collect receivables statement and monitor balances receivable from consignment, corporate and other credit sales
- Cash and Bank: Day to day approval of petty cash expenses
- Checking and closing of daily cash book with the cashier and management of petty cash limits.
- Reimbursement of petty cash of locations other than Head office as per approved limits
- Ensure regular deposit of retail sales cash collected from different retail shops
- Ensure regular cash collection as per collection schedule from retail outlets
- Ensure preparation of cash cheques in case of usage of retail cash for any unavoidable reason and subsequent deposit in the bank account
What you will do more
- Food and Beverage: Ensure posting of sales entries from different locations to the ERP system
- Ensure posting of all credit invoices to the system in timely manner
- Ensure posting of Bank receipts and also ensure deposit of sales revenue on time.
- Ensure proper posting and review of monthly consumption entries
- Ensure posting all of the GL transactions for F&B section
- Reporting and General Accounting: Ensure month end and completion of all pending postings before monthly reporting deadline.
- Review trial balance on a daily basis to ensure correct data entry and posting.
- Preparation of monthly, quarterly and annual financial reports.
- Preparation of monthly and periodical Budget variance reports.
- Recording, classification, summarizing and posting of financial transactions and events in accordance with the accounting standards and the company’s policies.
- Reconciliation of statements ensuring retail deposits in the bank accounts on daily basis.
- Supervision of day to day operations of the accounts department.
- Any additional duty assigned time to time by the Head of Finance or other departments.
- Departmental Activities: To evaluate the performance of individual staff in the accounts department on regular basis and monitoring KPIs.
- To Review the existing departmental SOPs and suggest improvements.
- People Development: Develop innovative teams who can quickly adapt to as well as create new opportunities.
- Coach and guide teams to perform to their optimal potential, produce highest standards of output.
- Engage in performance evaluation of direct team members and review the indirect span of control to ensure efficiency and consistency in assessing performance.
- Promote ongoing training and development and up skill key talent to larger roles.
- Provide a leadership avenue for the teams to be able to escalate their concerns to enable prompt resolution of the same.
- Communicate any organizational changes and mitigate risks through effective change management.
Requirements for Role of Senior General Ledger Accountant
- Bachelor’s degree in Accounting, Finance, or related field. CA, CMA, CPA or ACCA Certification qualified.
- Minimum 5-8 years proven experience as a Senior Accountant or in a similar senior accounting role.
- ERP solutions, Microsoft D 365 experience is a must.
- Retail experience in the UAE and GCC is a must.
Skills And Knowledge Desired
- Strong knowledge of accounting principles, financial regulations, and auditing standards.
- Ability to plan, manage and follow through on assignments and communicate at all levels of the organization in a timely and professional manner.
- Excellent analytical and problem-solving skills.
- Exceptional leadership and communication abilities.
