Corporate A/P Accountant

Madi International; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

A finance and accounting firm in Dubai is seeking an experienced accountant. The role involves daily review of GL accounts, managing supplier payments, monthly reconciliations, and ensuring financial report accuracy. Ideal candidates will have a strong understanding of accounting principles and excellent organizational skills.

Responsibilities

• Review GL Accounts daily and record necessary accounting transactions.
• Prepare and manage local/foreign suppliers payments.
• Maintain proper reconciliation of advance to suppliers account.
• Reconcile all local and foreign vendor statements monthly.
• Ensure accurate records of fixed assets and depreciation.
• Update petty cash expenses weekly and monitor fund usage.
• Prepare bank accounts reconciliation reports monthly.

Job description

Dubai, Dubai, United Arab Emirates Finance & Accounting

Responsible for applying accounting principles and procedures to analyze financial information, prepare accurate and timely financial reports and statements and ensure following appropriate accounting control procedures

KEY ACCOUNTABILITIES

• Review GL Accounts on daily basis and record all necessary accounting transactions when needed.
• Prepare and manage the local/foreign suppliers payments as per the ageing of A/P on daily basis.
• Review the ageing of A/P on daily basis to prepare the vendors due payments.
• Maintain a proper reconciliation of the advance to suppliers account and apply all vendor prepayments accordingly before releasing any new vendor payment.
• Ensure proper allocation by invoice of all payment vouchers recorded on vendor accounts.
• Reconcile all local and foreign vendors statement of accounts on monthly basis and before any vendor payment preparation.
• Follow up on receiving the branding and advertisement bills from the marketing and production departments, on weekly basis, for accounting.
• Ensure proper records of fixed assets and depreciation schedules.
• Update the petty cash expenses on the system on weekly basis, monitor appropriate use of the fund, and report any abuse of the cash spent to the management, if it contradicts with the Company’s internal policies or have been released without the prior approval of concerned managers/supervisors.
• Review and record all kind of expenses and suggestion for cost reduction.
• Keep up with any new signed agreement shared by the admin department, for financial consideration and accounting. (Agreements such as: rent agreements and cancellation, professional consultation agreements, maintenance contracts, warehousing and 3PL agreements, etc).
• Maintain reconciled and updated bank balances on the system on daily basis.
• Prepare all bank accounts reconciliation reports on monthly basis by 5th of each month and submit it to the management.
• Ensure the completion and accuracy of income statements data by 15th of each month.
• Ensure the completion and accuracy of balance sheet data by 10th of each month.
• Submit the cash flow projection report to the management on daily basis.
• Assist management with the yearly budget report preparation, as required.
• Establish a professional relationship with banks, vendors, and other external parties.
• Prepare any additional financial report requested by the direct supervisor/manager.