Accountant | Rochester Institute of Technology
Company Name: Rochester Institute of Technology Dubai (RIT Dubai)
Qualification: ACCA, CPA, ICAEW, CMA, & MBA
Location: Dubai, United Arab Emirates
Salary Range: 5,000 AED – 8,000 AED
Company Size: 500 – 1000 Employees
Other Benefits: Medical Insurance | Bonus
Employment: Full Time
About Company
Established in 2008, RIT Dubai is a not-for-profit global campus of the esteemed Rochester Institute of Technology in New York, one of the world’s leading technological-focused universities with a storied 185 year history. RIT Dubai offers highly valued Bachelor’s and Master’s degrees in business and leadership, engineering, and computing. The curriculum provides students with relevant work experience through an innovative cooperative education program that helps students stand out in today’s highly completive job market. RIT Dubai offers American degrees, and all of RIT’s programs are UAE Ministry accredited. Students of RIT Dubai also have the unique opportunity to choose to study abroad at the main campus in New York or at one of its other global campuses RIT Dubai – Imagine the Possibilities!
Job Description/Role
Job Purpose:
To support the analysis, recording and processing of RIT’s financial transactions (payables) in a timely manner in compliance with RIT’s financial policies and procedures. IFRS reporting standards and tax regulations.
Main Duties and Responsibilities:
- Verify and record all supplier invoices to ensure accuracy of payment and compliance with agreed contract terms
- Ensure proper document management of all invoices and payments and archive historical records as per RIT policies and procedures
- Conduct monthly reconciliation (vendors and banks) of all payable transactions to ensure ledgers are maintained accurately
- Process invoices and payments to suppliers and service providers as per the agreed payment terms
- Maintain accurate records of all accounts payable transactions for the monthly book of accounts
- Ensure accurate data is input into the ERP system to enable the preparation of management reports
- Coordinate with HR and respective departments to obtain clearance for final settlement / exit payments
- Record and reconcile faculty housing and education expenses (benefits) on an annual basis
- Responsible for recording and maintaining the fixed assets register and depreciation schedule
- Record and reconcile the cash register for all student, staff and faculty immigration requirements
- Provide inputs to support the financial audit process as required to maximise the efficiency of financial processes and ensure audits are completed as per the required timeframes
- Verify and record all payable petty cash transactions as per RIT policies and procedures
- Record and reconcile timesheets (student part-time employment timesheets) across all departments on a monthly basis for accurate and timely payment
- Assist in the preparation and submission of financial reports (forecasts, budgets, variances etc) as per the required processes and timelines
- Support in the closure of monthly/quarterly trial balance and financial year-end closing budgets in co-ordination with relative parties
- Support all local financial filing requirements as per the assigned timeframes and regulatory requirements (i.e., VAT filings, external audit, tax filings, ESR filing etc.)
- Ensure compliance with all relevant (internal and external) regulations including QHSE requirements using RIT policies and procedures as appropriate
Required Minimum Qualifications
- Bachelor’s degree in finance or accounting or a relevant field
- Minimum of two (2) years of relevant experience
- Prior experience in using an ERP (e.g. QuickBooks, Oracle, SAP, etc.)
- Proficient user of MS Office applications
- Prior experience in budgeting preparation, controls, and monitoring is a plus (but not required)
- Prior audit experience is a plus (but not required)
Application Procedure:
Please email your application and include the following in your application:
- Subject line must include the source, your name and position you are applying for; (Name – Assistant Accountant Payable)
- Cover letter detailing your technical/professional, teaching, and scholarship qualifications and achievements
- Resume or curriculum vitae
- Contact information