Chief Accountant

  • Contract
  • Dubai
  • Posted on January 24, 2025

JOB SUMMARY
The Chief Accountant will play a pivotal role in managing the company’s financial health, ensuring accurate reporting, compliance with financial regulations, and providing strategic insights to support business growth. This position requires a detail-oriented professional with strong leadership and analytical skills to oversee financial operations and guide the accounting team toward achieving organizational objectives.

DUTIES & RESPONSIBILITIES
Financial Reporting and Analysis:

  • Develop and present financial statements, including Profit & Loss accounts, cash flows, variance analyses, and detailed commentaries.
  • Produce month-end and year-end journals, ensuring timely financial closure.
  • Analyze financial data to drive business profitability and sustainable growth.
  • Provide detailed margin analysis to identify opportunities for improvement.
  • Prepare accurate and insightful management reports to support strategic decision-making.
  • Assist with establishing internal controls
  • Ensure that inventory levels are accurate by identifying and correcting inventory errors, and recommending inventory levels based on sales forecasts and demand.
  • Supervise the periodical stock count
  • Maintain accounts receivable records to ensure aging is up to date, credits and collections are applied, uncollectible amounts are accounted for, and miscellaneous differences are cleared
  • Prepare analytical and ratio analyses relevant to A/R so management can gain a better understanding of how collection efforts are progressing
  • Prepare detailed reconciliation for various accounts
  • Identify any abnormal balances in the general ledger and trial balance accounts and rectify it
  • Review imported data from sub-ledger accounts to ensure all entries are posted in the correct account.
  • Assist in the maintenance of the fixed asset register, asset categorization, and depreciation analysis as per the standard.
  • Reconcile trail balance and participate in the monthly, quarter, year end closing process.
  • Prepare VAT Return

Strategic Planning and Budgeting:

  • Contribute to the annual budgeting and forecasting process, ensuring alignment with company objectives.
  • Assist in preparing accurate cash flow forecasts to support operational and strategic planning.
  • Manage capital expenditure processes, including tracking and reporting.

Regulatory Compliance and Process Improvement:

  • Ensure compliance with all relevant financial regulations and standards.
  • Continuously review and enhance accounting processes and practices to optimize efficiency and cost-effectiveness.
  • Monitor auditing and taxation practices, ensuring adherence to statutory requirements.

Team Leadership:

  • Lead, motivate, and manage a team of accountants and senior accountants, fostering a culture of collaboration and performance excellence.
  • Provide training and guidance to enhance the team’s capabilities and ensure effective day-to-day operations.

Other Responsibilities:

  • Review ongoing cash flow and provide actionable insights into financial stability.
  • Support ad hoc financial analysis and special projects as required by senior management.

Requirements:

  • Education: ACCA/CMA/CPA/CIMA/CA
  • Experience: 10+ Years
  • Skills: Strong IFRS, ERP Experience, Reporting, VAT return preparation, Power BI, Oracle Experience, Financial Modeling, Budgeting & Forecasting