Key Accountabilities:
Financial Objectives & Reporting:
- Support the department head in implementing financial plans for Financial Accounting to meet departmental objectives, ensuring financial stability and cost benefits.
- Manage and measure control frameworks for financial reporting, ensuring accuracy and compliance with relevant standards (e.g., IFRS).
Chart of Accounts & General Ledger Management:
- Oversee the maintenance and structure of the Chart of Accounts (COA) and General Ledger (GL), ensuring compliance with DHRE’s internal and external reporting requirements.
- Liaise with internal teams and external entities to ensure compliance with DHRE’s COA framework and related changes.
Statutory & Financial Reporting:
- Responsible for the preparation and issuance of consolidated and standalone statutory/financial statements in accordance with company policies, ensuring compliance with relevant financial reporting standards (e.g., IFRS).
- Coordinate with auditors and provide support in completing audits for all DHRE entities.
Ad Hoc Reports:
- Generate customized financial reports as required by the business and external parties, collaborating with various departments to gather relevant data for consolidation.
VAT Compliance & Reporting:
- Manage the preparation, review, and submission of monthly VAT returns, ensuring timely and accurate compliance with VAT regulations.
- Collaborate with VAT consultants to ensure compliance with local tax laws and regulations, and manage VAT refund submissions.
Corporate Tax Compliance:
- Ensure that financial accounting treatment aligns with corporate tax regulations and applicable laws.
Systems Development & Continuous Improvement:
- Contribute to system enhancements and process improvements to meet departmental and organizational requirements, ensuring financial reporting practices align with international best practices.
Audit Coordination:
- Schedule and prepare for internal, external, and third-party audits, managing all audit findings and implementing action plans to address identified issues.
- Maintain and manage audit clearance documentation and Internal Control Review (ICR) processes.
Policy & Procedure Development:
- Contribute to the development of financial policies and procedures that ensure adequate controls and cost-effective use of financial resources across the organization.
- Review and monitor compliance with company policies, ensuring effective internal controls.
Advisory & Leadership:
- Provide guidance to team members on financial accounting standards and internal policies.
- Lead internal training sessions to ensure the team is well-versed in accounting standards and internal processes.
Key Performance Indicators (KPIs):
- Timely and accurate system enhancements and customized reports.
- Successful approval and implementation of financial plans.
- Timely submission of all monthly, quarterly, and annual reports.
- Compliance with IFRS and DHRE policies for financial statements.
- Adherence to VAT and corporate tax regulations.
- Effective audit preparation and implementation of corrective actions.
- Customer satisfaction and effective relationship management.
- Regular review of VAT returns and refund submissions with 100% compliance to regulations.
- Quality and accuracy of financial statements and reports.
Key Interactions:
Internal:
- DHRE management, employees, and departments
- Internal audit teams
External:
- External auditors, government auditors, and FTA auditors
- External consultants, regulatory bodies, and industry peers
Qualifications, Experience & Skills:
Minimum Qualifications:
- ACA (Associate Chartered Accountant), CPA (Certified Public Accountant), or ACCA (Association of Chartered Certified Accountants) qualification.
- In-depth knowledge of accounting principles and financial reporting standards (e.g., IFRS).
Minimum Experience:
- 4-6 years of experience in financial reporting, with at least 2 years at a managerial level working with Oracle systems and financial reporting tools.
Job Specific Skills:
- Strong background in general ledger, fixed assets, and financial reporting.
- Advanced knowledge of taxation and VAT management.
- Proficient in international accounting standards, local laws, and VAT compliance.
- Proficient in Microsoft Office Suite and Oracle financial software.
- Strong analytical and problem-solving skills.
- Ability to manage multiple projects, prioritize tasks, and meet deadlines.
Core Competencies:
- Execution & Delivery: Ensures operational excellence and timely delivery of results.
- Accountability: Takes ownership of responsibilities and outcomes.
- Team Work & Collaboration: Collaborates effectively within and across departments.
- Effective Communication: Clear and concise communication, both written and verbal.
- Innovation: Seeks opportunities to improve processes and drive new ideas.
- Customer Service Orientation: Maintains strong relationships with internal and external stakeholders.
- Candidates must be immediately available
- This a 6 months renewable contractual position
