UAE Advise

A well-known and well-reputed Company based in Dubai, United Arab Emirates is looking for an experienced, skilled, competent, mature, qualified, creative, and intelligent candidate with significant knowledge and relevant working experience for the position of “Senior Accountant”.

The role holder is responsible for supporting all daily and monthly bank reconciliation for all DHAM operations including collection, payment, treasury whilst ensuring maintenance, accuracy, and system updates of accounts and financial records in order to support the achievement of departmental objectives.

Key Responsibilities/Accountabilities

Core Responsibilities

Overall Responsibilities

• Verify and maintain book of accounts for bank payment and bank receipt entries, preparation of journal vouchers, debit / credit notes, cheques ensuring data accuracy.
• Post financial entries periodically and manage data updates into the assigned system to facilitate efficient processing of transactions. Maintain records for all transactions for audit trail.

Residential and Retail Daily Reconciliation

• Monitor the preparation of bank transactions (bank lines) reconciliation against the ERP systems (Oracle & Yardi) recorded for collections and payments on a daily basis.
• Compare all transactions recorded in the ERP to ensure they are reflected in bank’s physical transactions.
• Compare all transactions recorded in bank to ensure they are reflected in DHAM ERP system.
• Review and validate treasury transactions (bank charges, interest received, interest payments, Other Fees).

Responsible for Monthly Reconciliation / Account Statutory Reporting

• Supervise reconciliation of all relevant sub & general ledger balances, reports and reconciliation as per defined standards of accounting internal policies to ensure correct balances are reflected in DHAM’s books of accounts.
• Conduct two-way bank transaction & ERP reconciliation on a monthly basis.
• Manage the closing of accounts as per specified time scales and company’s policies and procedures.

Treasury Investments Accounting and Reconciliation

• Prepare the accounting for any Treasury investments related transaction.
• Ensure fixed deposit and interest accruals in DHAM’s books are updated as per verified Fixed deposit placements.

Unidentified Receipt Process Implementation and Review

• Evaluate and implement unidentified receipt identification and receipt booking process.
• Discuss, investigate and solve exceptions.
• Make entries of other income after aging of 5 years.

Loan Payable Accounting and Reconciliation

• Ensure proper accounting of the facility accruals and payments (Principal payments, interest and hedge accruals, amortisations) and hedge instruments (IFRS documentation & accrual).

Monthly Journal and Financial Entries Preparation

• Prepare monthly journal entries pertaining to loans, fixed deposits and treasury-related transactions with adequate audit trail.

Profit & Loss accounts Reconciliation

• Prepare Profit & Loss reconciliation ensuring books are matching with verified Facilities and Investments schedule.

Reporting

• Prepare various financial statistical reports for the management to facilitate timely reconciliation of various designated accounts and keep them informed of the status.

Internal, External and Government Audit Assistance

• Assist auditors in completing audits as per the schedule by liasing with other departments and providing them the requisite information.
• Support the implementation of action plans for audit findings to ensure that all the audit findings are worked on and successfully dealt with facilitating subsequent audits, if required.

Continuous Improvement

• Keep abreast of professional and technology developments, new tools and techniques, changes in regulation and other best practices.
• Advice management of new ideas and solutions in the treasury environment.
• Coordinate and prepare new project proposals and execute approved projects within the Treasury function.
• Constantly evaluate and look for areas of improvement in back-office operations to bring efficiency and effectiveness.

Knowledge & Experience

Minimum Qualification:

• Bachelors’ degree in Business Administration / Finance / Banking / Treasury / Accounting or any related field.

Experience:

• Minimum 4 years of experience with at least 2 years in corporate or bank middle – back-office functions handling treasury or accounting duties.
• Experience in preparing cash forecasts and cash flow analysis is preferred.

Technical Competencies:

• Strong quantitative and qualitative skills, ability to synchronize large amounts of data.
• Knowledge of ERP accounting software.
• Sound knowledge of Accounting standards.
• Attention to detail, good organizational and record-keeping skills.
• Ability to multi-task and work with tight deadlines.
• Good interpersonal skills with the ability to comfortably work with others in a collaborative environment.
• Proactive team player.
• Competence in Microsoft Office suite with proficiency in MS Excel.