Accounts Manager

Job Overview

1. Financial Management

• Oversee all financial operations including budgeting, forecasting, and financial planning.
• Develop and implement financial policies and procedures to ensure effective financial management.
• Monitor and control the organization’s financial performance, identifying areas for improvement.

• General Ledger Management

• Maintain the general ledger, ensuring accuracy and completeness of all financial transactions.
• Supervise monthly, quarterly, and annual closing processes, ensuring timely and accurate reporting.
• Accounts Payable and Receivable:
• Oversee accounts payable processes, including invoice processing, payment approvals, and vendor reconciliations.
• Manage accounts receivable processes, including invoicing, collections, and customer account reconciliations.
• Payroll Management:
• Oversee payroll processing, ensuring timely and accurate payment of salaries and benefits.
• Ensure compliance with all relevant labor laws and regulations.
• Fixed Assets:
• Maintain and manage the fixed asset register, ensuring proper capitalization, depreciation, and disposal of assets.
• Conduct periodic physical verification of fixed assets.
• Taxation:
• Ensure compliance with all applicable tax regulations, including VAT and corporate tax.
• Prepare and file tax returns, ensuring accuracy and timeliness.

3. Accounts Receivable

• Reconciliation:
• Perform regular reconciliation of accounts receivable from customers, ensuring accuracy and completeness.
• Reconcile payments received with billed amounts, identifying and addressing any discrepancies.
• Maintain detailed records of all transactions and communications with customers
• Collections:
• Develop and implement strategies to expedite the collection of outstanding receivables from customers
• Maintain a log of all collection activities and follow up on overdue accounts.
• Reporting:
• Prepare and present detailed reports on accounts receivable, including aging reports and collection status.
• Analyze trends in receivables and identify areas for improvement in the billing and collection process.
• Any ADHOC financial report required by the management
• Financial Reporting:
• Prepare and present financial statements, including profit and loss statements, balance sheets, and cash flow statements.
• Ensure financial statements are prepared in accordance with international financial reporting standards (IFRS) and local regulations.
• Any ADHOC financial report required by the management
• Audit and Compliance:
• Coordinate and manage internal and external audits, ensuring timely completion and resolution of audit findings.
• Develop and implement internal controls to safeguard the organization’s assets and ensure accuracy of financial information.
• Bank Reconciliations:
• Perform regular bank reconciliations to ensure accuracy of cash balances and identify discrepancies.
• Liaise with banks to resolve any issues or discrepancies.

4. Financial Analysis

• Analyze financial data to identify trends, variances, and opportunities for cost reduction.
• Prepare comprehensive financial reports for senior management, including profit and loss statements, balance sheets, and cash flow statements.
• Provide financial insights and recommendations to support strategic decision-making.

5. Budgeting and Forecasting

• Lead the budgeting process, working closely with department heads to develop and monitor budgets.
• Forecast financial outcomes based on historical data, market trends, and organizational goals.

6. Compliance and Risk Management

• Ensure compliance with all relevant financial regulations and standards in the UAE.
• Develop and implement risk management strategies to mitigate financial risks.
• Liaise with external auditors, tax advisors, and regulatory authorities as needed.

7. Team Leadership

• Lead and mentor the finance team, providing guidance and support to enhance their professional development.
• Foster a collaborative and high-performance work environment within the finance department.

Other Responsibilities

• Management holds the authority to modify your assigned working sector within the group
• Management can ask ADHOC financial reports