Senior Accountant

Apex Gulf Trading; Dubai; On-site; AED 120,000 - 200,000; Full time

Job summary

Apex Gulf Trading LLC is seeking a Senior Accountant to manage financial transactions across its branches in Dubai and Abu Dhabi. The role involves overseeing financial reporting, compliance, and team leadership while ensuring adherence to accounting standards. The ideal candidate will have extensive experience in the trading industry and strong management skills.

Qualifications

• Experience in the trading industry is essential.
• Ability to manage large volumes of transactions.

Responsibilities

• Prepare and review financial statements and reports.
• Supervise junior accountants and provide training.
• Ensure compliance with accounting standards and regulations.

Skills

Financial Reporting

Tax Compliance

Team Leadership

Accounting Standards

Tools

Accounting Software

Job description

Job Title: Senior Accountant
Company: Apex Gulf Trading LLC
Location: Dubai, UAE
Website: www.apexgulf.net

Company Overview:

Apex Gulf Trading LLC is a prominent group of building material trading companies in the UAE, operating with three branches across the country. Our principal company has four main divisions:

1. Supplying technical products to the oil and gas industry.
2. Supplying building materials to the construction sector.
3. Sales of industrial lubricants (exports).
4. Supplying laboratory instruments.

In addition to our Dubai headquarters, we have a branch office in Abu Dhabi and another branch under Bin Shakir Building Material Trading. We handle a vast array of products, with over 34,000 items traded to date, and continue to expand our offerings.

Role and Responsibilities:

We are seeking a Senior Accountant with extensive experience in the trading industry to manage and oversee large-scale financial transactions across our branches. The selected candidate will lead junior accountants at each branch and will be responsible for the following:

Financial Reporting and Analysis

• Prepare and review monthly and quarterly financial statements, including income statements, balance sheets, and cash flow statements.
• Oversee year-end financial close processes to ensure accurate and timely preparation of financial statements.
• Analyze financial performance, comparing actual results to budgeted figures, and provide explanations for variances.

Accounting Oversight

• Ensure adherence to accounting standards (GAAP, IFRS) and regulatory requirements.
• Develop, implement, and monitor internal controls to safeguard company assets and ensure accurate financial reporting.
• Coordinate with external auditors during audits, preparing necessary documentation and addressing audit queries.

Financial Planning and Budgeting

• Assist in the preparation of annual budgets and financial forecasts.
• Conduct cost analysis to support budgeting and financial planning processes.
• Develop financial models to support strategic decision-making.

Tax Compliance

• Prepare and review tax returns, ensuring compliance with tax regulations.
• Assist in tax planning strategies to optimize tax liabilities.

Team Leadership and Management

• Supervise junior accountants, providing guidance and support.
• Conduct training sessions to ensure adherence to accounting policies and procedures.
• Evaluate the performance of accounting staff and provide feedback.

Financial Systems and Processes

• Oversee the maintenance and improvement of financial accounting systems and software.
• Identify and implement process improvements to enhance efficiency and accuracy in accounting operations.

Reporting to Management

• Provide management with financial insights and recommendations based on analysis.
• Support management in strategic decision-making with relevant financial information.

Cash Management

• Monitor cash flow and manage cash reserves to ensure liquidity.
• Oversee bank reconciliations and resolve discrepancies.

Compliance and Risk Management

• Ensure compliance with financial regulations and industry standards.
• Assess and manage financial risks, implementing strategies to mitigate potential issues.

Special Projects

• Participate in or lead special projects such as mergers and acquisitions, system upgrades, or process reengineering.

Quantum of Work:

• Apex Dubai: Approximately 1,000 purchase invoices, 1,000 sales invoices, 500 payments, 300 receipts, and 200 journal vouchers per month.
• Apex Abu Dhabi: Approximately 200 purchase invoices, 200 sales invoices, 50 payments, 30 receipts, and 20 journal vouchers per month.
• Bin Shakir: Approximately 1,000 purchase invoices, 1,000 sales invoices, 500 payments, 300 receipts, and 200 journal vouchers per month.

Requirements:

• Previous experience in the trading industry is essential.
• Strong ability to manage large volumes of transactions.
• Proficiency in accounting software and financial systems.

Salary & Benefits:

• Starting Salary: AED 5000.00 per month Net ( No Accommodation or Food allowance ) . A revision of salary will be made after completing 6 Months.

• NOTE: Dormitory-style accommodation typical in the UAE. Estimated cost around AED 800 per month + Food

• Contract Terms:
• The cost of the employment visa is approximately INR 200,000, making a job change difficult.
• If the candidate decides to resign, they will be required to reimburse the company for the visa cost.
• The company enforces a non-compete agreement, preventing the employee from joining competitors for 2 years after leaving.

Application Process:

• Interview: Initial interviews will be conducted via Zoom.
• Visa: Upon selection, the candidate will be issued a 2-month UAE visit visa for a trial period, during which they will be paid the agreed salary. The company will cover the visa cost, but the candidate must purchase their own flight ticket.