Accountant (Retail)

C2i; Abu Dhabi Emirate; On-site; AED 120,000 - 180,000; Full time

Job summary

C2i, a subsidiary of Aldar Retail Management, is seeking an Accountant to ensure accurate, timely and compliant financial records for its retail apparel business. The role oversees day-to-day accounting across stores, with a strong focus on sales reconciliation, inventory accounting and month-end close.

You will work closely with store operations and finance management to turn transactional data into reliable reporting, manage supplier invoices, VAT workings, and maintain IFRS-compliant controls

Qualifications

• Bachelor's degree in Accounting, Finance or Commerce.
• Professional qualification (ACCA, CPA, CMA or CA) completed or in progress is preferred.
• 3–5 years of accounting experience in multi-store retail.
• UAE or GCC VAT experience strongly preferred.

Responsibilities

• Reconcile daily POS sales to cash, card settlements, bank deposits and payment gateways across all stores.
• Investigate and resolve cash shortages, card chargebacks, refunds, exchanges and voided transactions.
• Account for gift cards, store credit, loyalty points, promotions and discounts.
• Monitor petty cash and store floats and review store-level cash handling controls.
• Prepare month-end journals, accruals, prepayments and balance sheet reconciliations.
• Account for store fixed assets and depreciation, including capex where relevant.
• Prepare store P&Ls and four-wall profitability and monthly management accounts for the retail division.
• Support budgeting, forecasting and variance analysis against sales and margin targets.
• Ensure UAE VAT works and assist with IFRS reporting and audits.

Skills

POS reconciliations

IFRS knowledge

Advanced Excel

Power BI

VAT knowledge

Education

Bachelor's degree in Accounting, Finance or Commerce

ACCA/CPA/CMA/CA in progress or completed

Tools

Power BI

Excel

Job description

C2i a subsidiary of Aldar Retail Management is a forward-thinking holding company redefining the future of Hospitality, Retail, and Lifestyle destinations. Through innovation, strategic partnerships, and purpose-driven initiatives, we develop vibrant communities and pioneering concepts that include co-working, retail, and fine-dining ventures.

Job Purpose

The Accountant ensures accurate, timely and compliant financial records for C2i's retail apparel business. The role owns day-to-day accounting across stores, with a strong focus on sales reconciliation, inventory accounting and month-end close.

Working closely with store operations and finance management, the Accountant turns transactional data into reliable reporting.

Key Responsibilities

• Reconcile daily POS sales to cash, card settlements, bank deposits and payment gateways across all stores.
• Investigate and resolve cash shortages, card chargebacks, refunds, exchanges and voided transactions.
• Account for gift cards, store credit, loyalty points, promotions and discounts.
• Monitor petty cash and store floats and review store-level cash handling controls.

Inventory & Cost Accounting

• Maintain accurate inventory valuation and cost of goods sold across stores, warehouse and in-transit stock.
• Calculate landed costs for imported apparel, including freight, customs duty, insurance and clearing charges.
• Support periodic stock counts and post shrinkage, damage and write-off adjustments.
• Review slow-moving and aged stock and calculate inventory provisions in line with company policy.
• Track gross margin by brand, category, season and store, highlighting markdown and margin erosion.
• Process supplier and brand-principal invoices, matching them to purchase orders and goods received notes.
• Prepare supplier statement reconciliations and payment runs.
• Manage receivables from wholesale customers, franchise partners, marketplaces and concession arrangements.
• Account for consignment stock and concession or department-store commissions.

Month-End Close & Reporting

• Prepare month-end journals, accruals, prepayments and balance sheet reconciliations.
• Account for store fixed assets and fit-outs, including capitalisation and depreciation.
• Prepare store P&Ls, four-wall profitability and monthly management accounts for the retail division.
• Support budgeting, forecasting and variance analysis against sales and margin targets.
• Report retail KPIs such as like-for-like sales, sales per sq ft, sell-through, stock cover and shrinkage.

Compliance, Tax & Controls

• Prepare UAE VAT workings and returns, and support Corporate Tax compliance.
• Ensure accounting follows IFRS and C2i's financial policies and delegation of authority.
• Support external and internal audits, preparing schedules and responding to queries.
• Strengthen controls over cash, inventory, pricing and markdown approvals.

Qualifications & Experience

Education & Certification

• Bachelor's degree in Accounting, Finance or Commerce.
• Professional qualification (ACCA, CPA, CMA or CA) completed or in progress is preferred.

Experience

• 3–5 years of accounting experience, with at least 2 years in multi-store retail, ideally fashion or apparel.
• Hands-on experience with POS reconciliations, inventory costing and month-end close.
• UAE or GCC experience, including VAT, is strongly preferred.

Technical Skills

• Working knowledge of IFRS.
• Advanced Excel (pivot tables, XLOOKUP, large data sets); Power BI or similar is a plus.