SENIOR ACCOUNTANT
REGAL RA DMCC
Total years of experience :12 years, 3 Months
RESPONSIBILITIES:
•Precisely preparing and meticulously recording all asset, liability, revenue, and expense entries by compiling and analyzing account information to ensure accuracy and integrity.
•Being accountable for thoroughly investigating and correcting any discrepancies while explaining monthly differences in account analysis and reconciliation, ensuring financial statements are impeccable.
•Innovatively developing and meticulously documenting business processes and accounting policies to maintain and strengthen internal controls, ensuring compliance and mitigating risks.
•Proactively reviewing and recommending modifications to accounting systems and procedures to improve efficiency, accuracy, and effectiveness, streamlining operations.
•Thoughtfully preparing monthly profitability reports requested by management, providing critical insights into business performance and identifying opportunities for growth.
•Conducting in-depth analysis of the Company's Standard-rated, zero-rated, and exempted supplies, providing valuable information to make informed business decisions.
•Skillfully analyzing the Company's output VAT, Input VAT, Reverse Charge Mechanism, zero-rated VAT, and exempted, ensuring compliance with regulatory requirements and optimizing cash flow.
•Creatively developing budget estimates and diligently preparing monthly analysis detailing variance between budget and actuals, enabling effective budget management and cost control.
•Completing monthly reconciliations, including all bank accounts, inter-company, and accrual accounts, ensuring accuracy and completeness of financial statements.
•Being responsible for month-end closing duties, accounts payable and receivables aging analysis, ensuring all transactions are accurately recorded and reported.
•Carefully reviewing sales and purchases and ensuring periodic control over collection of receivables and payables, minimizing risks and optimizing cash flow.
•Providing weekly/monthly management reports over ordering levels, emphasizing control over value-based items, enabling effective inventory management and cost control.
•Liaising with auditors for internal and external audits, ensuring compliance with auditing standards and regulatory requirements.
•Ensuring that all key business drivers are correctly captured, and all income/expenses at the end of the month are accounted for properly, including admin bills, project bills, revenue, other expenses, and provisions, ensuring accuracy and completeness of financial statements.
RESPONSIBILITIES:
•Establishing and maintaining an accurate system of accounts and meticulous records of all company transactions and assets, ensuring proper handling and approval of financial transactions within designated limits.
•Managing the full spectrum of financial and cost accounting duties, including accounts receivable, accounts payable, general ledger, forecasting, budgeting, and more.
•Conducting day-to-day finance and accounts operations, producing detailed reports on daily sales, purchases, and expenses.
•Performing full sets of accounts and ensuring timely closing of accounts to provide an accurate picture of the company's financial health.
•Timely submission of monthly consolidated financial statements, payments, collections, and cash flow management reports to the Directors, providing them with a comprehensive overview of the company's financial performance.
•Compiling and analyzing financial information to prepare entries to general ledger accounts, cost centers, and other necessary documents to record business transactions, distributing financial statements and cost center reports to relevant stakeholders.
•Maintaining an up-to-date asset register to track the location of assets and compute depreciation, ensuring the proper valuation of the company's assets.
•Performing bank statement reconciliations to ensure the accuracy of financial records, verifying that all transactions are accounted for correctly.
•Reviewing and seeking approval for expenses such as insurance, telephone, mobile, petrol, and other payments, conducting variance analysis to identify discrepancies and suggest improvements.
•Ensuring proper and timely disbursement of staff salaries and maintaining detailed payroll records to facilitate efficient management of human resources.
•Undertaking other tasks and assignments as directed by management to meet the evolving needs of the organization.
RESPONSIBILITIES:
•Maintaining accurate and complete accounting records for the hotel to ensure the accuracy of accounts, records, and transactions at all times.
•Preparing daily reconciliations of credit card sales.
•Managing debtor invoicing and collections.
•Overseeing accounts for government entities, schools, universities, and ministries.
•Creating pro forma invoices and tracking pre-payment schedules.
•Generating final invoices for group bookings and tracking actual revenues per group.
•Preparing financial statements in compliance with International Financial Reporting Standards (IFRS), local corporate laws, and regulatory directives.
•Verifying various accounts books and reconciling vendors' and banks' statements.
•Ensuring compliance with established credit and collection procedures.
•Collaborating with internal and external auditors for interim and annual audits of financial statements prepared in accordance with IAS/IFRSs.
RESPONSIBILITIES:
•Creating credit, debit, and journal vouchers.
•Calculating and recording journal entries.
•Monitoring the general ledger to ensure the accuracy of data.
•Collaborating with the team to generate monthly reports.
•Managing the reconciliation of Accounts Receivable, deferred revenue, and balancing cash and reserves.
•Preparing monthly bank reconciliation statements for various bank accounts.
•Generating cheques for various purposes.
•Participating in internal audit assignments as needed.
•Investigating and resolving financial discrepancies through the analysis of account information.
•Maintaining the security of financial information by completing database backups.
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