Worldwide Companies City

Job Descrption

Job Summary:
The Accountant in a UAE-based company is responsible for managing the company’s financial records, ensuring compliance with UAE financial laws and regulations, and handling the accounting operations, including financial reporting, VAT compliance, payroll, and auditing support. This role requires strong knowledge of UAE-specific tax laws and financial systems.

Key Responsibilities:
• Financial Reporting:
• Prepare accurate financial statements, including income statements, balance sheets,JV's,Subsideries and cash flow statements.
• Conduct month-end and year-end closing processes.
• Ensure compliance with UAE accounting regulations and IFRS standards.
• Provide management with reports and analysis on financial performance, highlighting trends and variances.
• General Ledger Management:
• Record financial transactions, ensuring that all entries are accurate and compliant with UAE laws.
• Perform monthly reconciliations of general ledger accounts.
• Maintain and review the... general ledger to ensure it reflects accurate financial information.
• VAT Compliance:
• Ensure proper accounting and reporting of VAT in compliance with UAE VAT laws.
• Prepare and file VAT returns with the Federal Tax Authority (FTA) on a timely basis.
• Stay updated on changes to UAE VAT laws and advise the company on tax planning opportunities.
• Accounts Payable & Receivable:
• Manage the accounts payable and receivable functions, ensuring accurate tracking of invoices, payments, and collections.
• Process supplier invoices and ensure timely payments while managing payment terms.
• Monitor receivables and follow up on overdue accounts.
• Payroll Processing:
• Prepare and process monthly payroll, including salary, benefits, and end-of-service gratuity calculations.
• Ensure compliance with UAE Labour Law regarding employee compensation, leave, and benefits.
• Maintain accurate employee records related to payroll, gratuity, and other compensations.
• Bank Reconciliation & Cash Flow:
• Perform regular bank reconciliations, ensuring all transactions are accurately recorded.
• Monitor cash flow, ensuring sufficient liquidity for company operations.
• Prepare cash flow forecasts and manage cash reserves for business needs.
• Budgeting and Forecasting:
• Assist in the preparation of annual budgets and financial forecasts.
• Track actual performance against budget, providing variance analysis and suggestions for cost control.
• Provide financial insights to support decision-making and strategic planning.
• Audit Preparation:
• Assist in preparing documentation and records for internal and external audits.
• Liaise with auditors to ensure compliance with UAE regulatory requirements and financial reporting standards.
• Address audit findings and implement necessary improvements in internal controls.
• Taxation & Compliance:
• Ensure compliance with UAE tax regulations, including VAT, excise taxes, and other applicable taxes.
• Monitor and comply with corporate governance and regulatory reporting requirements in the UAE.
• Advise management on any changes in tax regulations and the potential impact on the business.
• Qualifications:
• Education: Bachelor’s degree in Accounting, Finance, or related field. CPA, CMA, ACCA, or UAE CA qualification is preferred.
• Experience: 3-5 years of accounting experience, preferably in the UAE or GCC region.
• Technical Skills:
• Proficiency in accounting software such as SAP, Oracle, Tally, QuickBooks, or UAE-specific ERP systems.
• Advanced skills in Microsoft Excel and financial analysis tools.
• Knowledge:
• Strong knowledge of IFRS and UAE financial regulations, including VAT and payroll laws.
• Familiarity with UAE corporate governance and legal compliance related to finance and taxation.

Key Competencies:
• Strong attention to detail and accuracy.
• Excellent analytical and problem-solving skills.
• Good communication skills, both verbal and written.
• Ability to work independently and as part of a team.
• High level of integrity and ethical standards.
• Strong time management skills with the ability to meet deadlines.

Job Type: Full-time

Pay: From AED2,000.00 per month

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