Job Summary:
The Finance and Accounting Associate supports financial operations, focusing on accurate accounting processes and compliance. Key responsibilities include managing billing, accounts receivable/payable, general ledger, and revenue recognition, as well as preparing monthly financial statements and regulatory reports. The role also assists with budgeting, cash flow management, and tax compliance, while developing internal policies for cost control and efficiency.
Responsibilities:
1. Overseeing Accounting Operations:
Manage all aspects, including Billing, A/R, A/P, GL, Cost Accounting, and Revenue Recognition.
2. Publishing Monthly Financial Statements:
Ensure timely preparation and dissemination of financial statements each month and analyses monthly financial statements.
3. Handling Regulatory Reporting:
Coordinate all aspects of regulatory reporting with precision.
4. Ensuring Compliance:
Research and comply with technical accounting issues, adhering to standards.
5. Quality Control Over Transactions and Reporting:
Oversee and ensure the integrity of financial transactions and reports.
6. Managing Government Reporting and Taxations:
Stay compliant with local, government authority reporting requirements and tax obligations.
7. Developing Business Processes and Policies:
• Craft and document policies and procedures to strengthen internal controls.
• Track and analyse projects expenses to ensure alignment with corporate budget objectives.
• Manage the approval process for expenses, ensuring adherence to established budget, policies, and procedures.
• Conduct variance analysis to identify deviations from budgeted expenses and recommend corrective actions.
• Analyze cost structures and identify opportunities for cost reduction and efficiency improvements.
• Lead the annual budgeting process and create financial forecasts, monitoring variances and recommending corrective actions as necessary.
• Manage and optimize cash flow, including working capital, investments, and debt financing.
• Stay updated with and ensure compliance to the UAE tax legislation.
• Oversee a team of finance and accounting professionals, providing leadership, guidance, and mentorship to promote their growth and development.
• Identify financial risks and implement strategies to mitigate them, including insurance and hedging where necessary.
• Coordinate external audits, manage relationships with auditors, and oversee all tax planning and compliance activities.
• Facilitate communication within the team members and partners and key stakeholder.
Requirement:
• Bachelor's degree in finance and Holder of any professional certification in finance and accounts or other relevant qualifications.
• Minimum 2-3 years of experience in the same role.
• Strong understanding of accounting principles, financial reporting standards (e.g., GAAP, IFRS), and financial analysis tools.
• Excellent analytical and problem-solving skills.
• Strong leadership and communication skills (written and verbal).
• Ability to work independently and as part of a team.
• Proficient in Microsoft Office Suite (Word, Excel, power point).
• Experience with financial modeling and forecasting software.
• Experience with budgeting and forecasting.